TESTRO BROS. EARNINGS
Latest Profit £22,790
Testro Brothers, Consolidated, Ltd., Melbourne, earned a profit of £22,790 for the year ended June 30 Last. Profit comgrares with £9696 previously and is after tax £3464 (down £3600) and depreciation (8026 (up £3947). A dividend of 8 per cent, requires £BO4l.
Issued capital is £100,505 in £1 shares. Messrs R. C. Testae and K. R. Testro both own 50,001 shares. Court Move Testro Brothers, Consolidated, Ltd., has taken Supreme Court action to caH off an agreement in which it paid £235,000 for a controlling interest in Gamsson Industries, Ltd.
Testro took out a writ against Mr P. W. Garriseon, Liberal member of toe Legislative Assembly for Hawthorn, and Garrisson Holdings Proprietary, Ltd, of East Malvern, from whom it bought toe interest last May
Business Personal
Mr G. Gibson and Mr C. McFarlane have been appointed to toe board of toe Farmers’ Co-operative Insurance Association of New Zealand, Ltd.
OvMfiraft* Dawn.—Trading banks’ advances and discounts stood at £189.6m on February 13: £1 Jm lower than the week before, £360.000 lower than a month before and £B.sm down on a year ago, according to the Reserve Bank.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19630306.2.176.8
Bibliographic details
Press, Volume CII, Issue 30073, 6 March 1963, Page 16
Word Count
192TESTRO BROS. EARNINGS Press, Volume CII, Issue 30073, 6 March 1963, Page 16
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in