KAIAPOI WOOLLEN COMPANY
LAST YEAR'S OPERATIONS. By Telegraph—Press Association. . Christelrarch, Last Night. The report of the directors of the Kaiapoi Woollen Manufacturing Co., Ltd., to be presented at the annual meeting on the 27th, states that during the year the staff and plant have been fully employed. The result of the year's operations will enable the directors to recommend the usual dividend and to further strengthen the reserve fund. The stocks have been carefully scrutinised and provision made for all doubtful a«counts, and the sum of £1592 has been put into new plant. £1834 for repairs, and £4OOO provided for depreciation. The profit and loss account, after payment of the interim dividend to January 31 last, shows a balance of £12,335 available for distribution, and the directors recommend the following allocation: £7600 in payment of the half year's dividend (making 7 per cent, for the year on ordinary and 6% per cent, on preference shares); £2OOO to the reserve fund; and the balance of £2228 to be carried forward to the new account.
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https://paperspast.natlib.govt.nz/newspapers/TDN19120820.2.55
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Taranaki Daily News, Volume LV, Issue 79, 20 August 1912, Page 5
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173KAIAPOI WOOLLEN COMPANY Taranaki Daily News, Volume LV, Issue 79, 20 August 1912, Page 5
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