COMPANY AFFAIRS
SMITH AM) SMITH. ETD.. PREFERENCE dividend. At a meeting of directors of Smith and Smith Ltd., held on Wednesday. it was decided that the preference dividend of 21 per cent., less security taxes for the six months ending July 31 be paid on that date. The transfer register was closed from Wednesday until July 31, both days inclusive. GISBORNE GAS CO. SHOWS EOSS OF £4OO. A net loss of £460 for the year ended March 31 is reported by the Gisborne Gas Co., Ltd., against a net profit of £1163 last year. After payment of an unchangodd dividend of 4d. a share, requiring £B9O, carry-forward is reduced from £1845 to £495. The directors report that the Stabilisation Commissioner granted the company £2400, or £1266 more than last year. The wage increase of Old. an hour, however, cost the company £l2OO for the year, and the necessity for railing coal from Wellington on so many occasions increased the cost of coal by £1023. It was clear that the company could not. make a profit on 1939 selling prices and 1946 costs.
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Bibliographic details
Wanganui Chronicle, Volume 90, Issue 166, 19 July 1946, Page 3
Word Count
182COMPANY AFFAIRS Wanganui Chronicle, Volume 90, Issue 166, 19 July 1946, Page 3
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