WAIHI GOLD MINE.
The annual meeting of the Waihi Gold Mining Company is fixed for 9th May. The final accounts for 1911 show a gross profit of £371,500 as against £559,000 for the previous year. Expenses of development during the year amounted to £29,000 as against £20,000 in 1910. Dividend* of 65 per cent., or 11s per chare, amounting to £272,748, have been paid, and the addition of £38,862 income tax in England and New Zealand make* a total of £311,611, as against £44L000 last year. After providing £35,000 for depreciation, as against £37,000 last ,yea,r, the balance to credit of revenue account is £82,000, which the directors recommend be carried forward. The capital expenditure during the year amounted to £12,000, but in accordance with the policy stated at the last general meeting this' amount has not been, charged to revenue account.
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Bibliographic details
Evening Post, Volume LXXXIII, Issue 108, 7 May 1912, Page 2
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142WAIHI GOLD MINE. Evening Post, Volume LXXXIII, Issue 108, 7 May 1912, Page 2
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