GORDON AND GOTCH, LTD.
The directors' report of Gordon and Gotch (Australasia), Ltd., which was presented at the animal meeting of shareholders at Melbourne on 22nd Dt cember, stated-that the company's business continues to make satisfactory progress, showing considerable improvement on the corresponding period of 1924, notwithstanding that the oversea seamen's strike adversely affected the trading. A considerable quantity of goods sold to arrive was in Australian waters in September, but not available for delivery. The same cause was also responsible to a large extent for the increase of stocks (afloat and in transit). A lender has been accepted for the erection of a warehouse in Brisbane. The recent issue of 100,000 ordinary shares was fully subscribed by the shareholders. The net profit for the half-year amounted to £47,840. The directors recommended that a dividend of S per cent, bo paid on both preference and ordinary shares, and that £18,000 be transferred to reserve and contingencies.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19260123.2.127
Bibliographic details
Evening Post, Volume CXI, Issue 19, 23 January 1926, Page 13
Word Count
156GORDON AND GOTCH, LTD. Evening Post, Volume CXI, Issue 19, 23 January 1926, Page 13
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.