MORRIS MOTORS,
■ Morris Motors, Limited, the head of winch was recently through New Zealand, is now the largest motor-ear producing concern in Great Britain. It became a public company in 1926. The company s rise to first-rate importance is claimed to be phenomenal. The trading profit for the past year amounted to £1,242,524, as compared with £925,742 in 1920. The net profit, less income tax, amounted to £1,143,----923, equal to 22.9 per cent, on the paid-up capital. The sum of £725,000 has been transferred to reserve, which now amounts to £1,100,000, against an issued capital 'of rather less than £5,000,000. The latest balance-sheet shows that Government securities at market valuation, exceed the valuation of goodwill, patents, and trademarks— £1,641,043— by £15,707. Machinery, plant, and equipment are valued at £899,693; land and buildings at £983,754; and investments in subsidiary companies at £347,043, , '
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19280531.2.132.4
Bibliographic details
Evening Post, Volume CV, Issue 127, 31 May 1928, Page 14
Word Count
141MORRIS MOTORS, Evening Post, Volume CV, Issue 127, 31 May 1928, Page 14
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.
Log in