WOOLWORTHS (NEW ZEALAND), LTD.
After providing £0201 for taxation, Woolworths (New Zealand), Ltd., shows a net profit of £15,505 for the year ended 4th October. A dividend of 20 per cent, absorbs £10,800, and the balance, £4(315, is carried to the reserve account. Capital is £54,450, and including overdraft, there arc creditors of £47,09.3. Assets are valued at £112,586. There is an establishment account of £10,666. Two stores are in operation at Auckland; one is conducted at Wellington, aud another at Christchurch, As the directors intend to establish additional stores in the Dominion, the nithoriscd capital has been increased to £150,000 in 100,000 ordinary shares, and 50.000 cumulative preference shares. Since the close oE the accounts 25,000 preference shares have been issued, and over-subscribed, and a further issue of '500Q preference shares has been made.
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https://paperspast.natlib.govt.nz/newspapers/EP19301216.2.118.15
Bibliographic details
Evening Post, Volume CX, Issue 144, 16 December 1930, Page 14
Word Count
135WOOLWORTHS (NEW ZEALAND), LTD. Evening Post, Volume CX, Issue 144, 16 December 1930, Page 14
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