BYCROFT, LTD.
LEGISLATION AFFECTS PRICES
Mr. G. R. Hutchinson, chairman, Sycroft Ltd., flour millers and biscuit bakers,! Auckland, told shareholders yesterday that the results covered a full year under the wheat and flour regulations.. Millers were given a profit for taking wheat and converting it into flour and delivering where instructed by the Wheat. and Flour Committee. The committee had taken full control of the accounts and paid the company, less commission for service. The company's responsibility was to. maintain a good qualify of flour. In spite of many difficulties, sufficient profit was made in the milling accounts- to permit the dividend being maintained at 8 per cent. In that, the new issue of shares participated, the dividend requiring £10,000, against £8000 a year So far the company did not expect to have to pass on any extra charges to the public. In fact, had it been allowed to run its factory in .its own way as in the past, the prices of some lines could have been reduced.
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Bibliographic details
Evening Post, Volume CXXIII, Issue 134, 8 June 1937, Page 12
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169BYCROFT, LTD. Evening Post, Volume CXXIII, Issue 134, 8 June 1937, Page 12
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