MINING NEWS
MARTHA COMPANY'S PROFIT (Special) AUCKLAND. June 1. Cabled advice from London states that the gross profit earned by the Martha Gold Mining Company for the year ended December 31 was £120,966. The amount brought forward was £4020. Income tax, London and New Zealand, amounted to £68,572, and £3608 was set aside for depreciation. Dividends, including the final one of 6d a share already announced, absorb £41,326, leaving £11,480 to be carried forward. The net profit at £48.786 compares with £60,041 in 1941 and £62,200 in 1940. *
Gillespie’s Beach Dredge.—The wash-up for the week ended on Saturday was IGoz 14dwt (126 hours, 15,498 cubic yards). Slab Hut Creek Dredge.—Owing to repairs. there was no wash-up last week.
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Otago Daily Times, Issue 25241, 2 June 1943, Page 4
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118MINING NEWS Otago Daily Times, Issue 25241, 2 June 1943, Page 4
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