State Gets Bigger Share
iPer Press Association. Copyright l WELLINGTON, This Day. “The sharing of profits as between the country and the Government has resulted in the Government taking £555 more than our share,” Mr David Allan, chairman of directors of the Wellington Meat Exporting Company. Ltd., told the annual meeting yesterday. Taxation payable was £7239. or £ ICB4 more than last year, and represented 53 per cent of the assessable income. or 10/6;; in the pound. The company’s net profit of £6684. was £2795 less than in the previous year. It was proposed to pay a preference dividend, leaving the balance of £1426 to be applied in reduction of the debit balance in the appropriation account. The directors are still of the opinion that it would bo unwise to consider the question of dividends to ordinary shareholders until the debit balance has been extinguished.
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Northern Advocate, 30 November 1939, Page 3
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144State Gets Bigger Share Northern Advocate, 30 November 1939, Page 3
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