GERALDINE TRUST
Turnover Up, Profit Down (Parliamentary Reporter) WELLINGTON, July 24. A slight increase in turnover is recorded In the annual report of the Geraldine Licensing Trust, tabled in Parliament today.
The gross turnover was £73.988, an increase of £558 on last year’s figure The gross profit was £23,858, and the net profit £3B93—a decrease of £963, which is attributed to extra wages, as well as extra expenditure on repairs and maintenance.
The trust has decided that there can be no distribution of profits while buildings are required.
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Bibliographic details
Press, Volume CII, Issue 30192, 25 July 1963, Page 14
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88GERALDINE TRUST Press, Volume CII, Issue 30192, 25 July 1963, Page 14
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