KAURI TIMBER IMPROVES.
Kauri Timber Company, Ltd., accounts show a considerable trading improvement during the year ended August 31, the thirteenth of the company's operations. After providing for depreciation, the profits for the year amounted to £10,821, ns compared with a loss in the previous year of £26,022. The debit of £36,148 in the profit and loss account from the previous two years' operations is extinguished by the transfer of £25,327 from contingency reserve, while £15,000 is transferred from the dividend equalisation fund to pay the 2 per cent, dividend recommended, which requires the whole of that sum. Nothing is carried forward. No dividend was paid in 1931 and 1932.
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Evening Post, Volume CXVI, Issue 144, 15 December 1933, Page 12
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110KAURI TIMBER IMPROVES. Evening Post, Volume CXVI, Issue 144, 15 December 1933, Page 12
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