£1,314,000 PROFITS
MORRIS MOTORS LONDON, March 28. The profits last year of the Morris Motors, after allowance for the depreciation and other contingencies, wore £1,314,000 —a slight decrease when compared with .1927. The position is considered highly satisfactory, as the motor industry generally did not have a good year. The directors again de eided not to pay a dividend on the company's £2,000,000 ordinary shares, which Sir William Morris owns. The whole available balance will be used to strengthen the company's position. £900,000 will be placed in reserve, which is now £2,000,000. Sir William Morris has not taken dividends from his ordinary shares since the company was formed in 1920.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 16927, 16 April 1929, Page 7
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110£1,314,000 PROFITS Poverty Bay Herald, Volume LV, Issue 16927, 16 April 1929, Page 7
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