N.Z. WOOLPACKS
Directors of New Zealand Woolpack and Textiles, Limited, in their seventh annual report, state that consequent upon bringing into full production the new drawing and spinning machinery output continues to increase and for the iast four years compares as follows:—l 936, all sizes, 245,866 packs; 1937, 215,570; 1938, 292,931; and 1939, 360,255. The coming year, consequent upon increases in the price of competing coverage, holds out prospects for a successful trading period. Net loss for the year ended December 31, 1939 is £4714, making the total debit balance in profit and loss appropriation account £6599. The balance-sheet shows paid capital at £25,003, general reserve -£7946 Department of Labour advances (secured) £29,500, bank (secured) £12,169, other creditors £3741. Assets include: Land, buildings, piant, etc., £43,982; stocks, £24,513; debtors, £3248.
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https://paperspast.natlib.govt.nz/newspapers/EP19400309.2.153.17
Bibliographic details
Evening Post, Volume CXXIX, Issue 59, 9 March 1940, Page 16
Word Count
130N.Z. WOOLPACKS Evening Post, Volume CXXIX, Issue 59, 9 March 1940, Page 16
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