DOMINION RUBBER COMPANY
ANNUAL REPORT The annual report of the Dominion Rubber Company, Ltd., states that the profit on the year’s working, after providing for depreciation and income tax payable, amounted to £5,879 5s sd. This was exclusive of the balance of £l9O 4s 7d brought forward from last year, which made a total profit of £6,069 10s. An interim dividend of Is per share was paid on September 28, 1934, which accounts for £2.500_ of the profit. In addition to this, the directors had placed £6BB 0s 8d to the reserve account, which now totalled £6,500. With the balance of the profit it was proposed to pay a final dividend of Is per share, accounting for a further £2.500, which would leave £3Bl 9s 4d to ho carried forward. The output for the year was 536,0001 b, and the crop was curtailed from August 1 through the operation of the plan for the restriction of the output. The all-in-all cost for the year, including depreciation written off and Dunedin charges, was 3.31 d per pound on the output. The average selling price of rubber for the year was 5.37 d per pound.
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Bibliographic details
Evening Star, Issue 21974, 9 March 1935, Page 11
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193DOMINION RUBBER COMPANY Evening Star, Issue 21974, 9 March 1935, Page 11
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