TARIFF COMMISSION.
DUTY ON CEMENT. ITS RETENTION URGED. (By Telegraph.—Press Association.) WELLINGTON, Thursday* The case for the retention of the present duty of £1 a ton on cement was presented to the Tariff Commission to-day hy three companies operating in New Zealand. Wilsons' (N.Z.) Portland Cement, Limited, the Golden Bay Cement Company, Limited, and the Milburn Lime and Cement Company, Limited. S. Reid, manager of Wilsons Cement, Limited, said all the materials came from the Dominion, and the industry gave employment to a large number. Coalminers, general labour, rail and steamship transport also benefited. The Government and local bodies took their share of ’taxation from the industry, which might be called a primary rather than a secondary industry. Wilsons had already guaranteed to maintain, along with other large contracts, a supply for the Arapuni dam.
Average Dividend 9 Por Cent. Professor Murphy said that in 1932 the company’s dividend had been 10 per cent, in 1931 and 1930 12* per cent, and in the four previous years 10 per cent. Over the period of 10 years ended 1932 (since the imposition of duty) the company paid an average dividend of 9 per cent to shareholders.
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Bibliographic details
Waikato Times, Volume 113, Issue 18985, 30 June 1933, Page 6
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195TARIFF COMMISSION. Waikato Times, Volume 113, Issue 18985, 30 June 1933, Page 6
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