HEAVY TAXATION
EFFECT ON THE AUCKLAND CAS COMPANY 4 Tty Tctritrnj’h—l'rv - AUCKLAND Th;- Dip Extensive capital iwreaiwutinn coupled with heavier taxation, have resulted in the til t earning* ■ f the Auckland Gas Company being re hired ■ n £OO,ll-1 in 1930 to £’2l 002 .it the end of 10-10. In April last the nominal sh.-tre capital was reduced from L I • 500 000 ?n £750,000 ami the pmd-u; capital from £ LKH.iMD to £ .Yi2,34J1 Shareholders were then provided with perpetual debenture stork ' ■ ling £522(117 If interest C added ■. the net profit, it is seen that the d tired earnings are accounted for entirely by increased taxation.
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Wairarapa Times-Age, 31 January 1941, Page 6
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104HEAVY TAXATION Wairarapa Times-Age, 31 January 1941, Page 6
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