WILTON COLLIERIES LOSS
A loss of £1190 is disclosed in the-sec-ond annual report of the directors ot Wilton Collieries, Ltd., for the year ended 30th June. This compares with.-a., toss of £1832 in the first year of the company, leaving a debit in the profit and loss account, of ■" £3022.. "No company could have commenced operations under more difficult circumstances,' states the I'cport. The company was faced with marketing its output of coal in face ot a fierce price war, and from the time marketing commenced at tho end ot .November to'■ the end of the financial year coal w:as_. being sold at such keenly : cut prices as to render,'it impossible for any company,1 except those favoured wby large' contracts at fixed prices, to lijake :a/proht. The.'.output, considering the depression, together With the fact that' the company had to' 'Tjuitd up an -entirely new business/ Jiad' been most satisfactory.., .For the. seven months'.trading"to 30th June, 33,191 tons, all grades of coal, had been sold. The coal being mixed was of good quality, and giving satisfaction.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19311005.2.111.11
Bibliographic details
Evening Post, Volume CXII, Issue 83, 5 October 1931, Page 10
Word Count
175WILTON COLLIERIES LOSS Evening Post, Volume CXII, Issue 83, 5 October 1931, Page 10
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in