N.Z. WOOLPACK AND TEXTILES, LTD.
The accounts of Now Zealand Woolnack and Textiles. Limited (Foxton), for the year ended December 31 show a net orofit of £3422. compared with £2527 in th Q previous year anH £1634 in. 1940. Provi«’nn for taxation is £7s9o, against £2500 in the previous year. It is proposed tn pa* r dividends of 4 ner cent, nn the A and B shares, renniring £2200. and fo carry forward £1249. Last year a 4 nor cent, dividend was naid on A shares only. The rennrt states that a branch strinning mill has been nnened at Mangaiti. in <he Thames Valiev and is now working to canacitv. Th« Foxfen stripping mill, owing to shortage of fl»x cutters, has been operated onjv to twothirds’ Outnut show? an increase of 170 400 nacks. Further expansion is dependent u n o” a-’ adequate supply r,r riTntnri"' l -nd labour.
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Bibliographic details
Wanganui Chronicle, Volume 87, Issue 65, 19 March 1943, Page 1
Word Count
149N.Z. WOOLPACK AND TEXTILES, LTD. Wanganui Chronicle, Volume 87, Issue 65, 19 March 1943, Page 1
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