GOLDMINING
NEMONA. The return for the week ending May 17 was 24 ounces, for 112 hours, from 10,200 yards. MARTHA DIVIDEND. AUCKLAND, May 16. A net profit of £62,200 was earned by the Martha Goldmining Company (Waihi), Ltd., in 1940, according to details received by cablegram from London by the New Zealand director and attorney (Mr J. H. G. Banks). A final dividend of 9d sterling a share, making 25 per cent, (unchanged) for the year, is recommended. The net profit is only £5O less than that earned a year ago. Dividend requirements absorb £61,989, leaving £5968 to be carried forward, against £5757 brought in. Taxation, which includes income tax in London and New Zealand, shows an increase of £13,855. Production figures showed that 191,359 tons were crushed for 50,014 oz of gold and 412,433 oz of silver,
against 196,745 tons crushed in 1939 for 49,980 oz of gold and 384,896 oz of silver. »
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GRA19410520.2.76
Bibliographic details
Grey River Argus, 20 May 1941, Page 10
Word Count
154GOLDMINING Grey River Argus, 20 May 1941, Page 10
Using This Item
Copyright undetermined – untraced rights owner. For advice on reproduction of material from this newspaper, please refer to the Copyright guide.
Log in