Company Affairs
Steady net profit of £4141, against £4197, is shown in the accounts of K.D.V. Boxes, Ltd., for the year ended June 30. Earnings before providing £5580 for taxation (against £BB9B last year) were lower at £9721, compared with £13,095. Dividend of 6 per cent, already announced is 1 per cent, low'er, requiring £3400, and / £3092 is transferred to general reserve, reducing carry-forward by £2352 to £3204.
An extraordinary general meeting of the Paparoa Coal Co., Ltd., will be held in Wellington on September 15 to consider winding-up the company voluntarily. It is expected that early in liquidation it will be possible to make a first distribution among shareholders of 15/- a share. In April the company's undertaking and assets, excluding liquid assets, were sold to the Crown.
Record net profit of £57,152, a rise of £18,068, is reported by Milne and Choyce, Ltd., for the year ended July 31. Dividend is raised 1 per cent, to a new peak of 9 per cent, on all classes of shares. The net result is struck after providing £70,550 for taxation, against £65,000 last year and £5467 for depreciation, against £5348. Dividend requirements are £22,500, leaving £34.652 to increase undivided profits to £78,329.
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https://paperspast.natlib.govt.nz/newspapers/NA19470902.2.16
Bibliographic details
Northern Advocate, 2 September 1947, Page 3
Word Count
202Company Affairs Northern Advocate, 2 September 1947, Page 3
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