GOLDEN BAY CEMENT YEAR
The accounts of the Golden Bay Cement Co., Ltd., for the year ended 30th June show a net profit of £lBOl, compared with a loss of £626 last year and a profit of £4147 in 1940. This year’s profit is struck after providing £9756 for taxation and £592 for directors’ fees. With £4991 brought forward, the amount available is £6792. The directors recommend a dividend of 2£ per cent., requiring £lßl2, leaving £4980 to be carried forward. Last year no dividend was paid. The report states that after protracted negotiations the company obtained permission from the Price Tribunal to advance the price of cement, but the increase did not take effect till July, 1942. The balance-sheet shows total assets at £261,152, compared with £239,146.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NEM19421127.2.37
Bibliographic details
Nelson Evening Mail, Volume 77, 27 November 1942, Page 3
Word Count
128GOLDEN BAY CEMENT YEAR Nelson Evening Mail, Volume 77, 27 November 1942, Page 3
Using This Item
Stuff Ltd is the copyright owner for the Nelson Evening Mail. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in