WESTPORT COAL YEAR.
Directors 'of the Westport Coal Co., Ltd., report- that the profit for the year, after providing;7 for bad and doubtful debts, depreciation, and-all charges, -amounts to '£12,499 15s Sd; to which must be added £12,706 18s 9d brought -forward from last year, making a total of £25,206 14s 2d. Net profit last- year was £27,978,. and £12,854 was brought forward. An interim dividend of 6d per share was paid for the half-year>ended 31st March last, absorbing '£11,250, leaving balance to be dealt with of £13,958 14s 2d. The_ directors propose to'pay a dividend of 3d per share for the half-year ended 30th September, which will take £5625, and to carry fonward to next year's account £8331 14s 2d, and it is also proposed to pay Is per share from the insurance account. The mines and plant have been maintained in the usual state of efficiency. ■
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Bibliographic details
Evening Post, Volume CXII, Issue 120, 17 November 1931, Page 12
Word Count
148
WESTPORT COAL YEAR.
Evening Post, Volume CXII, Issue 120, 17 November 1931, Page 12
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