PORTLAND CEMENT COMPANY
| • FBESH ISSUE OF DEBENTURES. (BY TELEGRAPH — I'KKSS ASSOCIATION.) DUNEDIN, 31st January. Ihe New Zealand Portland Cement i Company's sixteenth annual report states ; thai owing to th" increased cxpenditin'e [ due to the installation of new plant, ib ha* been decided to isaiio anouier £5000 worth of debentures. The services of Mr. H. J3. Washington, a cement manufacturer, with wide Ameiican experience, hp\^ been secured as works manager. The directors are not in a position to lTCiiimend a dividend. Of the sum of .SIC2B to credit on the piofit and loss pccnnnt. it is proposed to wile off ! £BCO for depreciation of plant and maI chinr-iy, and to add £ICO to the vcfso! inuuance fund, and cairy foiwaid £120. T!>e u»poit was adopted, and the n>- ' t.iihiC dliectors re-olerted. oxoppl Colonol Ilolgate. who is leaving for Emflnud, .1. 11. Upton (Auckland) taking his place. Mi--?!*.. \V. R. Holmes (Auckland) and : James Biown (Dunedin) wic a]ij>ointf.il I auditors.
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Bibliographic details
Evening Post, Volume LXXXV, Issue 27, 1 February 1913, Page 3
Word Count
158PORTLAND CEMENT COMPANY Evening Post, Volume LXXXV, Issue 27, 1 February 1913, Page 3
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