BROKEN HILL.
'-I ' • » -■ . . 1 ' COMPANIES CpNSERVING FINANCES. HY TELECBAPH—PJdEBS ASSOCIATION—COPIBIGHI . v ■! Sydney, May 7. ' Tho report of the British Broken Hill Company l shows' a profit ■of £46,701. The directors recommend that no dividend shall be paid, i as it is essential that the Company's financial strength should to maintained to';-meet requirements for'new plant and the expenses 'of maintenance, development,' and contributions to a water supply scheme. , ' .\ Tlio Broken; Hill: Proprietary Company also decided to forego; a dividend. Opinions differ ns to whether, that Company is financially in a position to pay ono.' The reasons givori by the Company for non-payment, of dividend were the, low price of metals, find tho additional cost of working, but there was a belief in the; towiv that preparations were being mode/either for V sovere labour struggle, or for a further serious fall :in the value of silver. ■' . .
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Bibliographic details
Dominion, Volume 1, Issue 192, 8 May 1908, Page 7
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144BROKEN HILL. Dominion, Volume 1, Issue 192, 8 May 1908, Page 7
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