MOSGIEL WOOLLEN COMPANY.
(bi raesßAPß.—moss association.) DUNEDIN, This Day. The annual report of the directors of the Mosfc'io! Woollen Company states that the operations of the company for the past year show results which the directors believe the shareholders will consider satisfactory. Trade during the year has been difficult, owing to the high price of wool at the last sales, and also to the fact that importations of woollen goods into the Dominion are still heavy.
The directors recommend a payment of a further dividend of 4 per cent, and a bonus of 2 per cent., which with the interim dividend of 4 per cent, paid In May, makes 10 per cent, for the yoar. The profit and loss account, after writing off £4000 for depreciation, and adding £2000 to the reserve, shows a balance of £13,573 8s 3d available for nppropriation. After providing £5722 10s to meet tho proposed dividend and bonus, there remains £7550 12s 3d to be carried forward to the uew profit und loss account.
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Bibliographic details
Evening Post, Issue 119, 16 November 1925, Page 9
Word Count
169MOSGIEL WOOLLEN COMPANY. Evening Post, Issue 119, 16 November 1925, Page 9
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