Company and Other Profits
Sir, — Mr. Savage in the Address-m-j • Keily debate enumerated a few large I, .•onvpanics that had made increased ■: ict profits last year, but even if the I assumption .were correct that all or j nost large capitalistic concerns havo | ; r! .way increased net profits for j [heir shareholders, average working i a. u canoent-ers, plasterers and i plumbers do not have shares in su.hl companies; they stack away their net profits, that is, what they can save from their wages after paying living expenses, in the Post Office Savings Bank. - 1 For. the year ended March 31 last the excess of withdrawals over deposits in the Post Office Savings Bank was £4.103.417. For the first two! months of the current year, that is, for April and May, the excess of withdrawals over deposits was £1,912.008. The Government Statistician shows that the price of groceries in May. 1939, was 9J per cent higher than it was in May, 1933. PROFIT AND LOSS.
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https://paperspast.natlib.govt.nz/newspapers/GISH19390726.2.147.1
Bibliographic details
Gisborne Herald, Volume LXVI, Issue 19999, 26 July 1939, Page 14
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165Company and Other Profits Gisborne Herald, Volume LXVI, Issue 19999, 26 July 1939, Page 14
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