CONTROL OF PROFITS
(Press. Assn.-
LIMITATION .OF. DIVIDE^DS OF GAS AND ELECTRICITY COMPANIES "unblushing confiscation"
— -By Telejr'iph — Ccpyrlgnt).
Rec. Mai'. 3, 10.5 p.m. , SYDNEY; Thursday.' Moying the. second re&pwg af Gas and Electricity Bill in th.e Legislatiye Assembly, Mr, J.. M. p.addelqy,' Minister of Labour ap4 Ipddstri'e's, said the rate ,of dividends payahle l^y companies yrould be fi:qm . ejsljt . Jq six per cent. on ordinary s|iare§,.anvd froni 71 to 5 i per cent. on preference shares. . ... ,, ,„j He said that a fulLtime sajgti^d commissioher was. Being appointed (to inquire into the price of gas inade By variGUS Companl.es. : . , .v . Mr. B, S. B> Stevens, i)eputy-Le|,4 er of the Opposition, described,j;he Bill as an outrage, He .addqd.. there were limits beyond, wBich, f|i;e puBlic could not be expected to tolerate. , . ._ "This is wholesale unblushipg;qo.nr liscation of the assets of industry;" he said. . . .
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https://paperspast.natlib.govt.nz/newspapers/RMPOST19320304.2.23
Bibliographic details
Rotorua Morning Post, Volume 1, Issue 164, 4 March 1932, Page 5
Word Count
141CONTROL OF PROFITS Rotorua Morning Post, Volume 1, Issue 164, 4 March 1932, Page 5
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