BREWERS’ PROFITS
English brewery shares have 'been going up in the Stock Exchange and it is not surprising, in view of the profits of brewers stated in Parliament, remarks an English writer. In 1938-39 profits were £27,000,000; in 1945-46 they had jumped to £41,500,000; in 1946-47 they were £49,000,000. I have been asking some of my broker friends if speculators who are buying the shares are on to a good thing. Answers are baffling. Beer output is falling, I am told, malting barley has never been dearer, and if profits are even maintained it will only be by good management and rigid economy. The brewers also point out that they have now become the best and most efficient tax collectors employed by Sir Stafford Cripps. It has been calculated that Is 8d paid in some places for a pint of beer goes in this way: Is Id straight to Chancellor in beer duty, licenses and so on; 2£d on materials, stores, and fuel which have gone to make the beer; 2d in wages and salaries; 2d in maintaining buildings, deliveries, and so on, leaving a halfpenny for dividends to the Shareholders.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19480608.2.95
Bibliographic details
Gisborne Herald, Volume LXXV, Issue 22658, 8 June 1948, Page 8
Word Count
191BREWERS’ PROFITS Gisborne Herald, Volume LXXV, Issue 22658, 8 June 1948, Page 8
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in