OVER HALF OF PROFITS
LEVY FOR TAXATION
CANTERBURY CONCERN (Per Press Association.) CHRISTCHURCH, this day. Provision of more than £4OOO extra for. income tax is the main reason for a reduction in the net profit of Beath and Company, Limited, drapers, to £7OOB from £9OBI last year. The ordinary dividend is reduced to 5 per cent front 8 per cent. The directors report that 50 per cent of the net profit is required for the land and income tax, for which £8728 ip allowed in the accounts. The gross profit was £88,210, against £88,174 last year.
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Bibliographic details
Poverty Bay Herald, Volume LXIII, Issue 19129, 25 September 1936, Page 5
Word Count
96OVER HALF OF PROFITS Poverty Bay Herald, Volume LXIII, Issue 19129, 25 September 1936, Page 5
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