WOOLWORTHS (N.Z.) LTD.
After providing £O2OI for taxation, Woolworths (N,Z.), Ltd,, shows a net profit of £15,505 for the year ended October 4. A dividend of 20 per font absorbs £10,890, and the balance, £4015, is carried to the reserve account, Capital is £54,450, and, including overdraft, there are creditors of £47,095. Assets are valued at £112,586. There is an establishment account of £10,606. Two stores are in operation in Auckland; one is conducted in Wellington, and another in Christchurch. As the directors intend to establish additional stores in the Dominion, the authorised capital has been increased to £150,000 in 100,000 ordinary shares, and 50,000 cumulative preference shares. Since the close of the accounts 25,000 preference shares have been issued and over-subscribed, and a further issue of 5000 preference shares has been made.
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Hokitika Guardian, 23 December 1930, Page 2
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133WOOLWORTHS (N.Z.) LTD. Hokitika Guardian, 23 December 1930, Page 2
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