TATTERSFIELD LIMITED.

New Zealand Herald, Volume LXIV, Issue 19807, 30 November 1927, Page 9

TATTERSFIELD LIMITED.

DIVIDEND OF 8 PER CENT. STAFF PROFIT-SHARING BONUS. fho annual report of Tattorsfield, | Limited, for tho year ended September 19, states that notwithstanding the general depression, sales have been maintained, and all departments have shown profits. Building extensions are tn progress, and additional machinery is being installed. The directors anticipate that profits will bo lower during tho coming year, owing to the rising cost of raw materials, especially wool, and trading conditions do not permit this cost to be passed on to customers. Though trading conditions are improving, they consider any great relief will be postponed until the present heavy taxation is reduced After provision lor depreciation and book debts, the profit available for appropriation is £7IBO 14s 7d. The directors propose the payment of a dividend of 8 per cent., absorbing £4399 18s Bd, of which 4 pet cent, lias been paid as an interim dividend; tho reserving of £I7BO 15s lid for income tax; the distribution of £BSO to the staff by way of profit-shar ing bonus, and the payment of £l5O as directors' remuneration. The annual meeting will be held on Decomber 9. The retiring directors are Mrs. Tattorsfield, Messrs. T. B. Clay, S. L. Hirst, A. Howey Walker and R. G. Clark.