MOUNT LYELL POSITION.
Accounts of the Mt. Lyell Mining and Railway Co. for the year ended 30th September last show that the company cleared net profit of £43,980. That amount compared with £78,056 for the preceding inon^ m?? th/ and Ivith £131,177 for 1929-30. Profit was calculated after provision of £21,167 for prospecting and development, £22.7.46 for depreciation, and £3//8 for taxation: The directors of the company declared a dividend of Gd a share IJ." O Australian currency), requiring *.JS,ioO, out of profit from operations other than mining, payable 19th December next.- The dividend, now declared is the first since December, 1931. In their report the directors mention that an additional amount of £6736 on profits earned up to 30th September, 1930, was charged against in! Profit balances brought forward. For 1930-31, appropriations for writings off comprised £14,472 for prospecting and dee-?? n m rent' £15' 338 for depreciation, and ii4oo for taxation. '
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https://paperspast.natlib.govt.nz/newspapers/EP19321124.2.142.15
Bibliographic details
Evening Post, Volume CXIV, Issue 126, 24 November 1932, Page 16
Word Count
153MOUNT LYELL POSITION. Evening Post, Volume CXIV, Issue 126, 24 November 1932, Page 16
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