MILLIONS IN THREAD
J. P. COATS'S CAPITAL AND DIVIDENDS. London, November !t. The direotors of tho firm of J. P. Code iivo seeking the. authority of the snare, holders to eapitaliso 105 millions of reserves, making tho total capital 20J malions. They point out that the scheme will not increaso the company's earnings, but will reduce the apparently high dividends, which the public are adversely criticising.—Aus.-N.Z. /aWo Assn. [A recent me.ssuge stated; Tho year* profit of J. P. Coats and Co., cotton niaimfaeturer». was jC3,890,3b5. Aftor payment of excess profits tax, ordinary shares received a, dividend of '10 puir cent., uml « sum of was car ried forward, nuking tho reserve fundi .£11,000,000. It is understood that ordinary shareholders are also receiving 100 per cent, share bonus. Pound shares arc worth JMO. It is noteworthy that the Consumers' Council is investigating Mio cause uf veel cotton costing "id.]
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Dominion, Volume 13, Issue 42, 13 November 1919, Page 4
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147MILLIONS IN THREAD Dominion, Volume 13, Issue 42, 13 November 1919, Page 4
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