WAIHI GOLD MINING COY.
FINAL DIVIDEND OF 1/Results of the operations of the Waihi Gold-mining Company for the year ended December 31, 1927, are given in a cable received by the local director. The balance of the revenue account from 1926 was £3,255, being £16,514 as carried forward, less £13,259 capitalised in the new issue. The gross profits amounted to £136,405, after bringing in £45,824, special amount obtained by reduction of bullion in process of treatment. The sum of £24,533 has been paid or reserved for income taxes in England and New Zealand, and £5,550 has been written off for depreciation of plant and machinery. The interim dividend absorbed £24,795. The balance remaining Was £81,781, out of which the. directors recommend the payment of a final dividend of Is a share, free of tax. on all shares, absorbing £49,590, and leaving £32,190 to be carried forward. The annual meeting will be held in London on May 10. and the dividend will be payable on May 17.
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Sun (Auckland), Volume II, Issue 342, 1 May 1928, Page 12
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166WAIHI GOLD MINING COY. Sun (Auckland), Volume II, Issue 342, 1 May 1928, Page 12
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