PUKEMIRO COLLIERIES
PROFITS REDUCED DIVIDEND OF 25 PER CENT. A net profit of £33,063 is shown in tho 20tli annual report and balance sheet of Pukemiro Collieries. Ltd., for tho year ended August 31. This works out at a shade over 33 per cent, of paid-up capital, compared with £51,580 or 51.5 per cent, of paid-up capital last year. The directors recommend payment of 3s a share, bringing the total dividend for the year up to 25 per cent. During the year the comaany invested £25,000 in Waikato Coal Carbonisation, Ltd. Profits and appropriations over the past three years have been as follow: 1928. 1929. 1930. £ £ £ Brt. f \v<l 47,246 50,037* 53,402 Net profit . . 50,720 51,580 33,063 DiW, p.c. .... 35 35 25
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Sun (Auckland), Volume IV, Issue 1075, 12 September 1930, Page 11
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122PUKEMIRO COLLIERIES Sun (Auckland), Volume IV, Issue 1075, 12 September 1930, Page 11
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