COMMERCIAL

Grey River Argus, 15 May 1944, Page 4

COMMERCIAL

N.Z. NEWSPAPERS LTD. A net profit of £41,168 is shown m the accounts of New Zealand Newspapers, Ltd., for the year ended March 31, compared with £40,762 last year and £40,909 in 1942. After payment of the final dividend and donations in 1943. the balance brought forward was £45,235. The interim dividend of 8d a share paid in October absorbed £19,916, leaving £66,486 available. The directors propose a final dividend of 8d a share, making a total of Is 4d for the year, unchanged, and leaving £46,569 to ue carried forward. The profit and loss account shows gross profit at £149,611, against £143,831 last year, while expenses, including directors’ fees and taxation, totalled £118,042, an increase of £6.223 on 1943. DREDGING RETURNS. The Ngahere dredge return for the four weeks ended last Friday was 578 ounces from 174.509 yards worked in 447 hours. .The Slab Hut dredge re-commenc-ed work on Wednesday .aftei' being shut down for an extended overhaul. The Snowy River dredge return last week was 158 ounces from 45,000 yards of material,, secured in 256 hours’ dredging. The Grey River dredge return tor the clean-up period from April 26 to May 10 was 379.31 ounces from 158,853 yards of material secured in 259 hours’ dredging April totals were 715.31 ounces from 271,628 yards of material secured in 456 hours’ dredging.