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Profit and Loss
Page 61
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Douglas ilUngswood), Ltd., last year made a trading profit of £61,02I. After charging interest on bank overdrafts, debenture stock and secured loan. £16.228 remained.
Glacier Metal Co., Ltd., after allowing for all charms, including taxation of £102,545, last year made a group net profit of £144,734. A dividend of 10 per cent. is being paid.
Shaw and Kilburn, Ltd., before providing for taxation of £51,943, made a group profit last year of £103.632. This result is subject to audit. A dividend of 15 per cent, is being paid.
G. Beaton and Son. Ltd.. made a profit of £53,709 last year. A sum of E20,000 was allocated to general reserve and a 15-per-cent. dividend plus a 7'7-per-cent, bonus was paid. A balamie of £7,834 was carried forward.
Esse Petroleum Co., Ltd.. made a net profit of £4.071,000 in 1954. Of this sum. £2,322,000 was retained for expansion and £1,749.000 paid out in dividends. Trading receipts were £188.559.000, an increase of 1 per cent, compared with 1953. Transport costs accounted for 176.n38.000. Wages and salaries amounted to 19.679,000 and taxation £3,537,000. Cranes (Derelnun), Ltd., last year made a profit of £49.611 after charging £5,861 to taxation. Dividends for the year total 25 per cent.
lialbas Sleigh and °lesion. Ltd.. after Paying £47,596 in taxation, last year made a profit of £35.772. A dividend of 17% per cent, is being paid.
Specialloid. Ltd., made a trading profit of £41,052, after charging depreciation, in the period from April 4, 1954, to April 2, 1955. A credit ba:ance of £641 is carried forward, George Ewer and Co., Ltd., after charging £20,750 to taxation, made a profit last year of £28,702. Dividends for the year total 171/2 Per cent, on capital increased by a three-for-two free scrip issue.
'leftist Transport Department made a surplus in the past financial year of £121,959. The trolleybuses and motorbuses made a grOsa Profit of £140,738. Trolleybus revenue fell by £16,323 to £1,221.154. but motorbus receipts rose by £137A21 to £1,242,692. The trolleybuses carried 138,782.542 passengers and travelled 8,413.189 miles. Motorbuses carried 146,967,249 passengers and covered 9.042,278 miles.