BEATH AND COMPANY
A RECORD YEAR (Special to THU SUN) CHRISTCHURCH, Saturday. A net profit of £19,714 is shown in the annual report of Beath and Company, Ltd. The directors recommend the usual dividend of 10 per cent. The annual report states that the volume of business during the year constituted a further record. The net profit shows an increase of £6,226, compared with the previous year. Including the balance from the last account of £14,666, a total of £34,380 10s Id is available. The interim dividend on preference shares absorbed £275, and that on ordinary, £5,392 16s. Further dividends on preference shares will require £275, and on ordinary shares £5,595. The directors propose to add £B,OOO to the reserve fund, and to carry forward £14,842 10s 9d. The balance sheet shows liabilities of £286,002, including capital £135,328, sundry creditors, £30,589, and mortgage £72,215. The assets comprise freehold property £118,975, plant and fittings £1,593, stock £55,865, and cash paid in advance against shipments arriving £44,142.
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Bibliographic details
Sun (Auckland), Volume III, Issue 769, 16 September 1929, Page 10
Word Count
165BEATH AND COMPANY Sun (Auckland), Volume III, Issue 769, 16 September 1929, Page 10
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