MILLARS' TIMBER COMPANY.
•:Miilars',;Tiimber 'and; Trading^Compaiiy', Ltd., London,-, a -'■;. company; operating in 'Western' -Australia, -shows .a? loss .'of £116,309 %<; 1933,'makingiitKeVtotal loss carried ..'forward .;.£.35.1,.Q4a.v The 'report states that; : pwing: to.'the;high':cpst of production,. it.Jfas been'impossible' to! successfully , compete; for certain"; large orders jfhich, were.'placed' in;,' other timbers: There is; a risk that some overseas' markets for jarrah may be permanently lost unless the cost of production is considerably reduced. This will be possible if the Government will substantially reduce railway rates, royalties, and other charges. The improvement in the ; company's trade-dur-ing the.latter half of" 1933,! which,has coritiniied toridate, gives ground for hope that .prospect's:for 1935 will .enable s the"board to .-formulate a scheme for, .'capital readjustment; ."-':"■'. " :V -. :»'..;V' i •■•:'■( y"-'i;r%
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https://paperspast.natlib.govt.nz/newspapers/EP19340724.2.132.6
Bibliographic details
Evening Post, Volume CXVIII, Issue 20, 24 July 1934, Page 12
Word Count
119MILLARS' TIMBER COMPANY. Evening Post, Volume CXVIII, Issue 20, 24 July 1934, Page 12
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