£343,939 LOSS
(N.Z. Press Association) WELLINGTON, June 7. The Tourist Hotel Corporation lost £343,939 in the year ended September 30.
The debit balance at the end of September was £633,531. The balance sheet in the annual report issued in Parliament today showed no entry for cash in hand and with sundry creditors £109,834, and hank overdraft £88.863. Excess current liabilities over current assets were £56,612, compared with a surplus of £43,766 in 1964. Total fixed assets al September 30 were £3,698,198.
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Press, Volume CVI, Issue 31080, 8 June 1966, Page 3
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81£343,939 LOSS Press, Volume CVI, Issue 31080, 8 June 1966, Page 3
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