WESTPORT COAL COMPANY.
The report of the Westport Coal Company for the year ended 31st December, 1907, has been issued. The profits during that period amounted to £45,254, to ■which must bs added the sum of £10,154 brought forward, making a total of £53,409. By the payment of a$ interim dividend of 3s 6d per sharo last June, absorbing £14,000, tl;e amount available is reduced to £39,409, which the directors propose to deal with as f ollqws : — To payment of a dividend of ss' od per 'share and bonus of Is 9d— making the interim distri' button i 2£ per cent, for the year— £^1,000 ; ' to reserve ftrad (which, will then stand 'at £59,000), £8000 ; leaving a balance of, £10,409 to be carried forward to next year's accounts! The mines, steamers, hulks, and plant stand in the books at £347,602. Other items that pwell the assets side are : Investments, £20,038 ; and sinking fund, £20,000. The satisfactory year experienced by the company is reflected by the Stock Exchange quotation of £7 16s buyer for the £5 shares upon which £<5 10s has been paid.
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Bibliographic details
Evening Post, Volume LXXV, Issue 31, 6 February 1908, Page 4
Word Count
183WESTPORT COAL COMPANY. Evening Post, Volume LXXV, Issue 31, 6 February 1908, Page 4
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