TIMARU GAS COMPANY
Sales of gas by the company for the year, amounting to £27,398, were very satisfactory, stated the report of the chairman of directors of the Timaru Gas, Coal, and Coke Company, Ltd (Mr J. P Newman), at the annual meeting of the company. Net profit for the year was £738 to which it was proposed to add £4so' transferred from the reserve account to the appropriation account, rnakr Ing £llß6 available for distnbutmn. The directors recommended that a dividend of 3 per cent, for the year be declared, absorbing £ll7O, and carrying forward the balance of £l6, stated the report of the directors. The profit and loss account would have shown a loss of £261 on the year’s working if the Government subsidy of £IOOO had not been granted
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19460329.2.108.5
Bibliographic details
Otago Daily Times, Issue 26114, 29 March 1946, Page 8
Word Count
132TIMARU GAS COMPANY Otago Daily Times, Issue 26114, 29 March 1946, Page 8
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in