Page 3 Advertisements Column 1

Opunake Times, 24 November 1931, Page 3

The directors of the Westport Coal Company, Limited, in their annual report to shareholders state that the profit for the year, after providing for had and doubtful debts, depredation and all charges amounts to £12,500, to which must be added £12,707 brought forward from last year, junking a- total of £25,207. An interim dividend of (kl a share was paid for the half-year ended March 31, 1031, which absorbed £11,250, leaving a balance to be dealt with of £13,957. Out of this the directors propose to pay a dividend of 3d a share for the half-year ended September 30, which will take £5625 and to carry forward to next year’s account £8332. It is also proposed to ]>ay Is a share from the insurance account. In 1930 net profits wore shown at. £27,978 and in 1929 at £34,945. The dividend is at the same rate as last yoav, namely 8-J per cent., compared with 10 per cent, in 1929 and lli in 1928.