GLEN AFTON COLLIERIES.

Waikato Times, Volume 121, Issue 20276, 19 August 1937, Page 9

GLEN AFTON COLLIERIES.

VERY DIFFICULT PERIOD. i j OUTPUT FALLS BY 10,000 TONS. i Reviewing the operations of Glen Afton Collieries, Lid., for the past year, Mr William Goodfellow, managing director, stated at the annual meeting of the New Zealand Co-opera-tive Dairy Company to-day that tb>* company had come through an exceed - ingly difficult period. The output had fallen 10,000 tons and wages paid were £IO.OOO more than flic previous year for ttie lesser quantity of coal produced. However, including purchases from other collieries, I lie total sales for the year amounted to 247,000 tons, compared with 204.000 tons for tlie previous year. Sales to the public amounted to 132.000 tons. New Zealand Co-operative Dairy Company, Ltd., suppliers 13,000 tons. New Zealand Co-operative Dairy Company, Ltd., factories 50.000 tons, and the New Zealand Railways 52,000 tons. The value of the turnover amounted to £168.000. After making adequate provision for repairs and maintenance, depreciation, a an( | all other contingencies, including income tax of £7600 on the current year’s profits, also rebates to suppliers and factories amounting to £6BOO, the net profit amounted to £10.068. which sum has been added to the balance brought forward from the previous year, and leaves now a credit balance of £22,303 to be carried forward. Therefore the total net profit, after providing for income lax and including rebates, amounted to £16,868. (Operation Interferences, Ho regretted to say that during the Year the colliery had experienced a great deal of interference in its operations. Unauthorised stop-work meetlues toil I " i.r Hi,- il.iy nnil hint senmisly if<lu.-. .1 tin-en.-v of tin- .-..11i.-ry. i-oino mi 'Mllis sin™ the- :Ii>■ i'i I'’ml I" I 'villi H •yo-sli.w" niovoiiioMl. uhii'l. I,ml gradually worUoil it-'’!' 1 suit Ilf Hu so (i.lii‘ . ior a I’il■ t I'lTi"'! till- I'oUU'I'.V 1-11,1 Ml M loss of folio wei-kly. . Viorl.iii-- unitor -noli r.mijl lltfll ?