THE WEST PORT COAL COMPANY.
[by telegraph.— association.] Dunedin, Tuesday. In the report of the directors of the Westport Coal Company it is stated that the profit and loss account, after deducting expenses, &c., shows a profit of £1102, which with, a balance of £7290 brought forward makes the total to credit £8392. The profit made during the first six months of the year was satisfactory, and if the second had been equally satisfactory the company would have paid a fair dividend, but the strike cost the company fully £2000. Under these circumstances, and the probable necessity of expenditure on the Granite Creek property, the directors recommend that the balance be carried forward.
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New Zealand Herald, Volume XXVIII, Issue 8475, 28 January 1891, Page 5
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113THE WEST PORT COAL COMPANY. New Zealand Herald, Volume XXVIII, Issue 8475, 28 January 1891, Page 5
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