TAUPIRI COAL REPORT.
An increase of £3934 in net profit, is disclosed in the. accounts of Taupiri Coal Mines, Limited, Waikato, for the year ended March 31, earnings, after allowance for depreciation, totalling £6343 against £2409 in the previous year. The amount brought into the accounts from last year was £4541, making £10,884 available. Preference share dividends, less the statutory reduction of 20 per cent., required £1280, and the directors recommend a dividend of Is a share on the ordinary shares, absorbing £6500, and to carry forward the balance of £3104. As no interim dividend was paid, the distribution on ordinary capital is 5 per cent. for the year.
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Evening Post, Volume CXV, Issue 108, 10 May 1933, Page 3
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109TAUPIRI COAL REPORT. Evening Post, Volume CXV, Issue 108, 10 May 1933, Page 3
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