BRUCE WOOLLEN CO.
“The Government will receive the Jarccuft portion of the company’s earnings again year in the form of income tax( social security tax and national security tax,” said Mr. F. L. Nicholson, chairman of the Bruce Woollen Manufacturing Co., Ltd., •when addressing the annual meeting of shareholders at Milton on Tuesday. “When I tell you that during the past four years the amount reserved for taxation has been £231,500 and ahareholdere’ return during this period haa been £43,200 you will have a clear understanding of the drag which taxation has had on the finances of the company, with the resultant retarding of its normal expansion.”
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Bibliographic details
Wanganui Chronicle, Volume 87, Issue 273, 18 November 1943, Page 1
Word Count
107BRUCE WOOLLEN CO. Wanganui Chronicle, Volume 87, Issue 273, 18 November 1943, Page 1
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