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IMPERIAL COMMUNICATIONS.

PROFITS FOR TWENTY-ONE MONTHS. (.UM'ifiD PHESS ASSOCIATION— BS . ELIXTIUC 'i'ELEGIJAPH—COPI'SIGHT.) (Received July 2nd, 11.42 p.m.) LONDON, July 2. The annual meeting of. the Imperial, and. International Communications Company adopted the report and accounts for 21 months, declaring a dividend of 5$ per cent, for that period, equal to £3 5s 8d per cent, per annum. The total revenue amounted to £11,381,261 and the expenditure to £9,358,106, Jjpaving a profit of £2,023.155: The directors estimate that it ts probable tho proiit for the vear 1930 will not exceed £600,000. 'fhe traffic is falling heavily, due to the world depression, and accordingly .steps aro being taken to introduce less expensive methods of operation oa certain circuits,

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https://paperspast.natlib.govt.nz/newspapers/CHP19300703.2.114

Bibliographic details

Press, Volume LXVI, Issue 19970, 3 July 1930, Page 14

Word Count
116

IMPERIAL COMMUNICATIONS. Press, Volume LXVI, Issue 19970, 3 July 1930, Page 14

IMPERIAL COMMUNICATIONS. Press, Volume LXVI, Issue 19970, 3 July 1930, Page 14