STATE TAKES PROFIT
TAXATION VERY HEAVY GAS COMPANIES OBJECT "It is a matter of serious concern to all gas companies," said Dr. Knight, 'chairman of the Wellington Gas Company, "that they should be subject to heavy taxation from which electrical undertakings operating in the same area continue to be exempt.'' The taxation paid by the company, he said, had been considerably increased. In May last it was raised from 12s Id; to 14s Id in the £. In 1935 this; taxation was (js Gd in the £. In other words, the State then received three-tenths of the profits and the shareholders of the company seven-tenths. To-day the State received seven-tenths o.f the company's profits: and the. shareholders three-tenths. There were 805 sharcv •holders in the Wellington Gas Company, of whom 552 have holdings of less than four hundred shares each.
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https://paperspast.natlib.govt.nz/newspapers/BPB19430323.2.36
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Bay of Plenty Beacon, Volume 6, Issue 58, 23 March 1943, Page 6
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138STATE TAKES PROFIT Bay of Plenty Beacon, Volume 6, Issue 58, 23 March 1943, Page 6
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