J. C. WILLIAMSON, LTD.
J. C. Williamson, Ltd., Sydney, reports a net profit of £26,470 for the year ended .June 30, against £27,461 In the previous year. In addition, £4022, being surplus for the year realised on sale of the company's: shareholding in Theatre Royal Pty. Co., Ltd., has been transferred to Theatre Royal shares reserve account. The preference dividend required £10,200, and ordinary dividends totalling 6 per cent, absorbed £22,500 from special reserve account. As a result of the arrangement with Australian and New Zealand Theatres, Ltd., the board decided to write off to reserve account an amount of £187,668 representing the lost assets, including leaseholds and good will. The directors contemplate a complete revaluation of the assets with a view to a reconstruction of the balance-sheet.
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Bibliographic details
Evening Post, Volume CXXVI, Issue 138, 8 December 1938, Page 12
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128J. C. WILLIAMSON, LTD. Evening Post, Volume CXXVI, Issue 138, 8 December 1938, Page 12
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