TAXI COMPANIES
SMALL PROFIT FROM LARGE REVENUE Declaring that the employees' assessors could call in any public accountant to substantiate h,is figures, Mr W. H. Newall, of Dunedin, an assessor for the employers in a dispute before the Conciliation Council in Christchurch this week between the New Zealand Road Transport, and Motor and Horse Drivers and Associated Industrial Unions of Workers and the Canterbury, Otago and Southland Industrial Union of Taxi Proprietors, said that the gross revenue of private taxi companies in New Zealand was £90,000, but the net profit was only £ISOO. Mr Newall, who was supporting a contention that the companies could not carry on with a 40-hour week, said that the £90,000 was made up as follows —wages, £40,000; repairs. £15,500; petrol and oil, £16,000; tyres, £6500; rent, rates, insurance, interest, telephones, licence fees, advertising, premises, general, £6000; and depreciation, £4500. The £ISOO profit brought the figure to £90,000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19470815.2.31
Bibliographic details
Otago Daily Times, Issue 26540, 15 August 1947, Page 4
Word Count
152TAXI COMPANIES Otago Daily Times, Issue 26540, 15 August 1947, Page 4
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