RENOWN COLLIERIES DIVIDEND
Daily Times Special Service. The net profit of Renown Colleries, Ltd., is £1037 higher at £17.486 for the year ended July 31. A provision of £8592 has been made for taxes, against £9348 last year, and £1793 is transferred to general reserve, leaving £7IOO to meet the unchanged dividend needs of 7 per cent, preference and lOd a share ordinary, paid on October 4. The directors now recommend that these interim dividend payments be the final dividend for the year to the end of July last. Under the Waikato coal mines control emergency regulations, 1942, the basis of the average net profit has been fixed, and settlement of the company's claim made by the mines department. The sum received from the Government is £44,114. The dividend from Waikato Carbonisation, Ltd., again £I6OO, is taken into the total income
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/ODT19471209.2.95.5
Bibliographic details
Ngā taipitopito pukapuka
Otago Daily Times, Issue 26639, 9 December 1947, Page 7
Word count
Tapeke kupu
141RENOWN COLLIERIES DIVIDEND Otago Daily Times, Issue 26639, 9 December 1947, Page 7
Using this item
Te whakamahi i tēnei tūemi
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in