THE NAPIER COMPANY.
The annual report of the Napier-' Gas Company states that a reduction was made in the price of gas in October. The' directors hope to announce a further reduction early in the present year. An interim dividend of 3 per cent. wa§ paid on ordinary shares to 30th June. After providing for 6 per cent. preference shares, it is now recommended that a further dividend of 5 per cent, be paid on ordinary shares, making a total of 8 per cent, for the year. Messrs.' W. H. Tylee and R. D. Sweetappje, retiring directors, offer themselves for reelection. The value of the coal used was £18,047; wages and salaries, £13,805; land and income tax, £5257; depreciation, plant, and general expenses, £8726; gas sales, £46,886; coke and tar, £8949. The liabilities amount to £154,205, and the assets £167,582 including £10,000 in New Zealand 4£ per cent, inscribed stocky and £13,377 balance to profit and loss.
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Bibliographic details
Evening Post, Volume CV, Issue 24, 29 January 1923, Page 3
Word Count
157THE NAPIER COMPANY. Evening Post, Volume CV, Issue 24, 29 January 1923, Page 3
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