NATIONAL TOBACCO COMPANY
Net profit before taxation of £52,000 Is reported by the National Tobacco Company Ltd., of Napier, for the year ended October 31. Taxation takes £32,000, and out of the balance of £20,000 it is proposed to pay an unchanged dividend of 74 per cent, on preference and ordinary scares, free of income and security taxation This will absorb £13,000 (which includes one month’s dividend on the new share capital of £70,000). Stocks stand at the record figure of £203,000, and sundry debtors are £104,000. The report states that although the new issue of 100,000 shares of £1 was not fully subscribed (70,000 having been applied for), the additional capital, together with £60.000 realised from the sale of Government war loan stock, was ample for present needs
PROTECTION FROM COLDS. Immunity from a common cold is something money canot buy, but anyone can buy Baxters Lung Preserver, which is the proved most popular treatment for coughs, colds, sore throats, and bronchial troubles. A little “ Baxters " does a lot ot good.— Eaxters Ltd., 602 Colombo at., Chch.—
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Bibliographic details
Otago Daily Times, Issue 26328, 6 December 1946, Page 9
Word Count
178NATIONAL TOBACCO COMPANY Otago Daily Times, Issue 26328, 6 December 1946, Page 9
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