CANADIAN MINING
YEAR’S DIVIDEND PAYMENTS. OTTAWA. Dividend payments by Canadian mining companies reached a total of 100.148,000 dollars in 1938,- which, although below the record total of S.' 106,783,000 dollars in 1937 reflects the extensive investments by both domestic and foreign capital in Canadian mining. The figures do not include dividends paid by holding companies, nor do they include stock dividends. Dividend payments by metal mining companies in 1938 amounted to 93,776,200 dollars, of which the base metal producers contributed 54,400,000 dollars. and the gold producers 39,000,000 dollars. Included in the latter amount are disbursements totalling 1,773,000 dollars by nine gold mines which made their initial payments in 1938. Producers of coal, petroleum, and natural gas contrbiuted 4,281,000 dollars, while dividend payments by producers of the industrial minerals amounted to 2,000,000 dollars in 1938. Total dividends paid by Canadian mines to the end of 1938 amount to approximately 1,045,000,000 dollars, or to about 23 per cent of the total value of Canadian mineral production to the end of that year.
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Wairarapa Times-Age, 5 April 1939, Page 7
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170CANADIAN MINING Wairarapa Times-Age, 5 April 1939, Page 7
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