COMPANY NEWS
MASON STRUTHERS AND COMPANY ACCOUNTS FOR THE YEAR The accounts of Mason, Struthers and Company, Ltd., for year ended June 30 disclose a net profit, after providing for depreciation, of £34,139, compared with . £30,190 for the previous year. Including a carry-over of £7996 from the previous year, the total available for appropriation is £42,135. Of this sum the directors recommend payment of £6600 in a dividend of 6 per cent, (free of social security tax), transfer to the reserve for taxation of £22,000, and the transfer to the general reserve of £6OOO, leaving a carry-forward of £7535. The general reserve is now £35,000. compared' with £29,000 in IM7. Stocks on hand are shown at £138,168 • (£81,772 in 1947), sundry debtors, £21,043 (£17,420), investments and deposits £6931 (£32,955), and balancing total is £234,250 (£197,655). The gross profit from the year's trading was £72,663 (£62,737), and working costs, £39,079 (£33,143).
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Press, Volume LXXXIV, Issue 25581, 24 August 1948, Page 6
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150COMPANY NEWS Press, Volume LXXXIV, Issue 25581, 24 August 1948, Page 6
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