"The Australian Company has not reached the profit-making stage,” declared Mr Arthur Phillips, presiding at the annual meeting of Godfrey Phillips Ltd., the London tobacco firm. He said the difficulties created by political troubles had been far greater than anticipated. "I am still hopeful that the Australian Company will make good, though I do not expect an immediate profit.. If it eventually results in a loss it will make the. smallest impression on our reserves.”
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Hawke's Bay Tribune, Volume XXII, Issue 89, 30 March 1932, Page 3
Word Count
75Page 3 Advertisements Column 1 Hawke's Bay Tribune, Volume XXII, Issue 89, 30 March 1932, Page 3
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