HENRY JONES PROFITS.
Exceeding the 1927-28 result by £6554 the net income of Henry Jones Co-opera-tive, Ltd., for the year ended 31st October at £160,637, was the highest earned by the company since its establishment .Net profit from trade in Australia at £115,----818 shows an increase on the year of £5613, and net income earned outside Australia rose by £940 to £44,819. Interim dividend of 9d a share out of income- earned in Australia absorbed £52,----567. The directors now recommend a further distribution of 7%d a share from Australian income and VM a share from outside income, together requiring £89,342, and making the customary 10 per cent, for the year. The balance of £18,729 is to be transferred to reserve. Reserves £364,285. Due to associated companies at balancing date was £265,058, against £251,422 a year earlier. Assets are investments, including shares and interests in jam and fruit companies in Australia, South Africa, New Zealand, and England, are shown at £2,168,191,
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Bibliographic details
Evening Post, Volume CVIII, Issue 131, 29 November 1929, Page 14
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160HENRY JONES PROFITS. Evening Post, Volume CVIII, Issue 131, 29 November 1929, Page 14
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