MORT’S DOCK PROFITS
Increase in Dividend ■ Profit of Mort's Docl; and Engineering Company for the year ended June 30 was £27.007. an increase of £7325 on the profit of the previous year. Dividend is raised bv one to 4 per cent., and requires £26.000. The balance, £lOO7. added to £17.291 brought forward, gives £18.298 to be carried forward.
Colombo Tea Market By Telegraph—Pre-s Association Dunedin, August 4. Mr. L. M. Wright has received the following cabletl report bn the Colombo tea auction of August 3Common grades remained steady, medium teas were slightly dearer, and line grades firm at last week’s rates. For next week a. small sale of 1,250,0001 b. has been catalogued for auction.
Year ended .Tune 30. 1935. 1936. 1937. £ £ £ Net profits . 9.276 19.682 27,007 Dividend, p.c. — 3 4 Div., amount — 19.500 26,000 Carried fwd. ' 17.108 17.291 1S.298 LIABILITIES— Capital .... 650.000 650.000 650.000 Reserves ... 50 940 57,788 57.788 Debentures . 190.637 164,142 164,142 Sundry creditors 71,M7 73,153 66,906 Subsidiary loan acct. — — 2,000 ASSETS— Property and'plant *918.262 *903.008 848,321 Sundry debtors 61.365 78.206 7132,305 Subsidiary, share in — — 3,798 Cash <‘>65 660 710 * Includes stocks. fIncludes stocks.
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Dominion, Volume 30, Issue 265, 5 August 1937, Page 14
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186MORT’S DOCK PROFITS Dominion, Volume 30, Issue 265, 5 August 1937, Page 14
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