WORKING FOR THE STATE
"The company works for the State on 200 days a year," was the startling reply a shareholder of the Farmers' Trading Company, Limited, received when he asked at the annual meeting for information concerning taxation, reports the "New Zealand Herald." The answer was put in this graphic form by the assistant general manager, Mr. W. Calder Mackay, who amplified his statement by adding ihat for each day the company's stores were open for business, including Saturday as a whole day and omitting Sundays and holidays, the turnover had to attain £5700 to pay the Government's taxation. In other words, the company did riot commence to make a profit for shareholders on any day until £5700 worth of goods had been sold.
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Bibliographic details
Evening Post, Volume CXXVII, Issue 152, 30 June 1939, Page 10
Word Count
125WORKING FOR THE STATE Evening Post, Volume CXXVII, Issue 152, 30 June 1939, Page 10
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