TRADING YEAR.

Waikato Independent, Volume XLIII, Issue 4045, 25 September 1944, Page 3

TRADING YEAR.

OF THE F.A.C

NET PR.OFIT OF £71,954 A net profit of £71,954 17s 8d for the year ended July 31, 1944, is shown in the report and statement ©f accounts of the Farmers' Cooperative Auctioneering Company I Limited, to be presented at the annual meeting in Hamilton on October 7. This amount is reached iafter providing for bad debts and depreciation. Income tax, national and social security taxes for the year are expected to approximate £49,500, leavOp £22,454 17s Bd. With £8,046 Is jbd brought' forward from last year ' -Tthe balance is £30,500 19s 7d. Half yearly preference dividends paid on February 1 and August 1 absorbed £12,660 12s, leaving £17,840 7s 7d. It is proposed to pay out of this a dividend of 4 per cent, on ordinare share capital, which will absorb £9069 12 lOd, and to carry forward the balance (£8770 14s 9d). Turnover Slightly Lower. The year's turnover was £2,469, ||| 420, compared with £2.499,572 in the previous year, a reduction of The net profit of £71,954 17s 8d I compared with the previous year's I net profit of £73,005 18s. The amount S set aside for taxation in that ■year ffij was £51,350, compared with £49,500 |§|>this year. The gross profit this year :imounted to £206,287 5s 8d compar:J|W with £107,762 Ufffc prtgjjous year. Taxi for Cambridge.— j)f the Transport LicWs%\ "BAuthority ot Hamilton on rr l**w ay aftcrnoon ' w - ]) - Ta >' lor ' a' rtjlßrned soldier, formerly of To ;. Awamutu and now of Cambridge, Avas granted a Taxi License to oporate in Cambridge. The application was supported by the Borough Council and Chamber of Commerce >**"' but was opposed by one of the V* local. taxi-men.