TASMANIAN PULP PAPER.
Net profit earned by Amalgamated Zinc (De Bavays), Ltd., for the half-year ended 3Qth June, was £3497, compared with £7372 earned in the previous half-year. The directors report that prevailing conditions have hindered the negotiations •which had been entered into to secure capital necessary to inaugurate the paper industry in the Huon Valley, Tasmania. The negotiations are being continued. Income for the half-year amounts to £6831, of Which £6546 represents interest earned'and £375 dividends received on shares in other companies. With £2(38 brought forward, £3765 is at credit of appropriation account. The dividend payable Bth Obtober requires £5000, so that it will b« necessary to, draw upon reserves to make the distribution. Liquid assets are ' £220^011, as. against £218,628 for ,the prWib'U* six month*. :
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Bibliographic details
Evening Post, Volume CXII, Issue 83, 5 October 1931, Page 10
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127TASMANIAN PULP PAPER. Evening Post, Volume CXII, Issue 83, 5 October 1931, Page 10
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