BOODLE

Maoriland Worker, Volume 12, Issue 294, 18 October 1922, Page 11

BOODLE

Whltcombe and Tombs, Ltd.. niadt net profits last yeor of £59,984, after making provision for bad and doubtful debts and writing-down stocks likely to deteriorate. To this £14,076 carried forward was added for " purposes of distribution —£34,061 altogether. A dividend of 8 per cent, for the year on ordinary capital was paid and 8 per cent, on staff capital. £12,404 was carried forward, £60C0 put to depreciation of buildings and. plant, and £2,500 as reserve for Income tax. * * * » Beath arid Co., in Christehurch, netted last year £7,614 of profit, wiiicK with a carry-forward of £5,521, made £13,135 available for divs. The directors "had much pleasure in recommending the usual -dividend." The ordinary shareholders got a TO pc? cent. dlvi. How dreadful are these days of slump and ruin! * * # * The Tai Tapu Co-operative Dairy Company, Ltd., showed a balance to credit of £ 26,290 this year, it refunded 4lcl. and 6d. a lb. on butter fat fox most of the year, and paid a dividend of 8 per cent. * * * * ■ The Wairarapa Farmers' Co-op, lost £9,733/ last year. _ This together witS a dividend ef 6 per cent, on preference shares, was covered by a draw of £24,264 from the reserve funds. * * • » Make a Joyful noise! Dunlop Rubber cleaned up £103,530 of net profit in the dismal year ..ending June 30 last. Only :£ 61,140 of this was required to pay an interim dividend last March, at the rate of 10 per cent, dividend to preference shareholders an(? 6 per cent, to ordinaries. ~ * * *••" * The P. and O. Company's dividend for the year on the deferred stock is 12 per cent, free of income tax. —Cable, 4/10/22. How dare' these grasping seamen resist a heartless wage-cut. ; "..,,.■* * * * For the month of September net profits made by Blackwater Mines, Ltd., were £1,033. * * * ■ .* At the annual jneeting of the N.Z, Farmers' Co-op, 'in. Christen urch, a loss of £122,000 was announced. The meeting, was "gay and not gloomy," according to press reports, and one critic was counted out. The help given to members, it was alleged at the meeting, was so great as to make a dividend a secondary matter. This gaiety will turn to gloom when the loss is mentioned in the Arbitration Court to justify, wage cuts,.