Westport Coal Company.
TPer Press Association.) DTJNEDIN, Feb. 10. At the> annual meeting of the Westport Coal Company, the chairman (Sir Henry Millar) said the proiit for the year was £57,011, exclusive of £14.7 brought forward. An interim dividend of 3s Gd per share bad been paid in August last, and it .was now, proposed to pay a like apd a tfsmis of :js 6d per Share, anid carry to the reserve fund £15,000, leaving £9,158 to be brought forward. The directors had decided to make a new road on the surface at Dennis too, and avoid a daSKeroua tunnel, to be ready for trailic ira July. A new- rope road at Millenton had been begun, and it Yras exrJectad coal would be reached r by tl* enid of the present year. The " laxperimflmt of the company taking its own risks undes the workers , .Couipeneation for Accidents Act ' hid. proved satisfactory, and it had fceen decided to continue the risk. ,The company's new collier Cannopus tau> been worked for six months and had answered all expectations, The mines were in excellent order, and capable of dealing with an output of 700,000 tens per amium.
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Taranaki Daily News, Volume XLVI, Issue 36, 12 February 1904, Page 4
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194Westport Coal Company. Taranaki Daily News, Volume XLVI, Issue 36, 12 February 1904, Page 4
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