COMMERCIAL

Greymouth Evening Star, 18 November 1943, Page 6

COMMERCIAL

AUCKLAND WOOL,

AUCKLAND, November 17

The highest price realised al a wool appraisal in the Dominion since the Government purchase has operated was obtained at the second Auckland appraisal, which concluded on Tuesday. For wool sent by Mr. E. Day, of Awaroa, Waiheke Island, 25d per lb was secured for super fine halfbred, 22 ; |d for fine halfbred, 21d for strong halfbred, 17id for fine crossbred, and 14;' d for halfbred pieces. Last year the ..highest price realised was 24£d per lb for South Island super merino. BRUCE WOOLLEN. “The Government will receive the largest portion of the company's earnings again this year in the form of incomciax, social security tax, and national security tax,” said Mr. F. L. Nicholson, chairman of directors ol the Bruce Woollen Manufacturing Company, Ltd., when addressing the annual meeting of shareholders at Milton yesterday. “When I tell you that, during the last four years the amount reserved for taxation has been £231,500, and that the snareholders’ return during this period has been £43,200, yoji will have a clear understanding of the drag which taxation has had on the finances of the company, with a resultant retarding of its normal expansion.” BRICK~ WORKS.

The Greymouth Brick and Tile Company’s brick works at Karoro, which has been idle for some time, has been purchased by Westland Construction Ltd., who will put the works under repair immediately preparatory to resuming brick making.