TARINGAMUTU TOTARA, LTD.
Net profit of Taringamutu Totara Sawmills. Ltd., Wellington, for the year ended September 30 was £3106 nigher at September 30 was £3106 higher at £4784, after providing £3655 more for taxation at £6634. Steady dividend of 5 per cent, required £3OOO and a transfer of £450 to general reserve and £llOO to provide for contingencies was made. Carry-for-ward was £6993, against £6759 brought in after deducting £139 under-provision for taxes. Farm earnings were £1490, an increase of £BB4. The directors reported that the bush owned by the two companies would be cut out in a very few years and if no further suitable bush could be obtained the company would have to look to the farming side of the business to provide profits.
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Bibliographic details
Otago Daily Times, Issue 26413, 18 March 1947, Page 7
Word Count
126TARINGAMUTU TOTARA, LTD. Otago Daily Times, Issue 26413, 18 March 1947, Page 7
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