"SHARES FOR CHARITY
';■"": KCipAX. COMPANY , ..QUARTER OP CAPITAL May 12. It was disclosed at a Tarijf Board inquiry to-day into the duties on photographic films' and plates Chat the income from a block of 172,000 shares in Kodak
(A'sia) Proprietary, Limited, is payable to Australian and New Zealand charities. Mr. J. Sutherland, a director of Ihe company, giving evidence in favour of I the continuance of the present rates of duty, said that when Mr. Thomas Raker, one of the founders of the company, died in 1938, he left 128,000 shares, the income from which was left to charity. Uta. the death of Mrs. Raker, 44.0C0 shares more were left for charity, and it was expected that eventually 216,000 shares, or. about 25 per cent of the company's total capital, would be left i for ■•charity. Mr. Sutherland 1 said that
the company began the manufacture of X-ray films' in 1927. It now supplied most of the X-ray films used in Australia, and prices' were lower .than in 1927. Mr. T. L. MeOrohan, state, secretary of the, Australian Association of British Manufacturers, asked for a reduction of I he* Biitish preferential duties on X-ray films to 25 per cent. The inquiry was adjourned.
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Bibliographic details
Poverty Bay Herald, Volume LXIII, Issue 19023, 25 May 1936, Page 8
Word Count
203"SHARES FOR CHARITY Poverty Bay Herald, Volume LXIII, Issue 19023, 25 May 1936, Page 8
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