FERTILISER COMPANY
PROFIT OF OVER £21,000
(By Telegraph—Press Association.)
DUNEDIN, June 7.
The progress of the Dominion Fertiliser Company was emphasised at the eighth annual meeting today by the chairman of directors, Mr R. G. Hudson, who stated that the profit for the year amounted to £21,126 13s 6d. That result, he staged, could only be securedin consequence of a very substantial increase in business. Since the inception of business, £57,483 had been written off in depreciation, £40,110 had been paid or was payable in income tax, and shareholders had received £54,125 in dividends, while preliminary expenses written off had amounted to £29,477. Mr Hudson said that during the year proposals were advanced by the Government for the planning of industry under the Industrial Efficiency Act. The directors, he stated, took a very determined stand in opposition to regimentation or further Government control of the industry. Their view was that unless the industry itself was efficient no measure of Government control was likely to make it so, and in the end the whole of the manufacturers rejected the proposals.
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Wairarapa Times-Age, 8 June 1938, Page 3
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179FERTILISER COMPANY Wairarapa Times-Age, 8 June 1938, Page 3
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