COTTON PROFITEERS.

Taihape Daily Times, Volume XI, Issue 3345, 25 November 1919, Page 6

COTTO N PROFITEERS.

ICOATE-S’ TREMENDOUS PROFITS. LONDON, Nov. 22. The shareholders of J. P. Coates and 00. accepted the proposed scheme for capitalising the reserve. I The Glasgow Trades Council, singling “The Red Flag,” demonstrated [outside the meeting, demanding «that the-industry be nationalised, and that Coates’ profits be utilised for the erection of dwelling houses. (The '_vear’s profits made -by J. P. Coates and Co.. c~otJt.osn manuf'acturers_, was £3;B99g3SS. after [paying ‘excess profits. Ordinary shares received ai dividendiof 40 per cent and the sum} of £2,299,288 was carried‘ forward,‘ nraking the reserve fund eleven..nfll- - It is understood that ordinary shareholders [are §a.lso gceceiving £oo’ per cent pershare bonus. Pa.id~up shares are worth £10.) - i