BARTHOLOMEW TIMBER

Auckland Star, Volume LXXIV, Issue 219, 15 September 1943, Page 5

BARTHOLOMEW TIMBER

EARNINGS SLIGHTLY LOWER (0.C.) HAMILTON, this day. The accounts of the Bartholomew Land and Timber Co.. Ltd., Hamilton, for the year ended July 31, stated that after allowing for depreciation and taxes, the net profit is f3013. This compares with £3244 the previous year and £31G2 for 194 L With £4997 brought forward, £8011 was available, from which had to be deducted £1250 to pay the interim dividend of li per cent last April. A final dividend ot 21 per cent, making 5 per cent for the vear is recommended, also a bonus ot l ner cent, leaving £,-5011 to be carried forward. Dividend and bonus are unClltillECCl Assets total £78,802. Government stock is valued at £12,059. The chairman. Mr. A. L. Tompkin„. states that there has been an unsatisfied demand for timber for military purposes throughout the year, and available supplies for civilian requirements have been very limited. Although the sales registered an Increase. ruling rates of taxation more than offset the extra gross profit. The manpower position was very acute and it was impossible to keep the mill fully stalled.