COMPANY NEWS
Gear Meat Company, Ltd.—The directors are recommending payment of a dividend of Is a share, plus a bonus of 3d a share, less an interim dividend of 6d a share paid In June last. The payment last year was Is a share, or 10 per cent.. National Reliance Investment Company. —The directors report that for the six months ended September 30 the revenue has been maintained as compared with the same period in 1949.
An analysis showing how each £1 received by the company was spent was given bv the chairman of directors of Golden Bav Cement Company Ltd. Mr J. M. A. Ilott, in his address to shareholders at the annual meeting. He said that coal, bags, and stores absorbed 12s 2d, wages and salaries 4s 9d, insurance, selling costs, interest, and depreciation 2s, and taxes Bid. leaving a net profit of 4Jd, which, he considered, was a very moderate return on the capital invested.
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Bibliographic details
Otago Daily Times, Issue 27573, 15 December 1950, Page 9
Word Count
158COMPANY NEWS Otago Daily Times, Issue 27573, 15 December 1950, Page 9
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