Islands), Ltd.
p. 45 · Read in the full issue
W. R. Carpenter & Co. (Solomon Islands), Ltd.
NET profits of W. R. Carpenter and Company (Solomon Islands), Ltd., for the year ended October 31, amounted to £14,418, a decrease of £917 on that of the previous year. With £6,133 brought forward £20,552 is available.
Dividend of 8 per cent, on preference shares, less the statutory reduction, requires £6,200, a sum of £1,895 is carried to the replacement and renewals reserve. Dividend of 6 per cent, on ordinary shares, which are held by W. R.
Carpenter, Ltd., is recommended, accounting for £6,720. No ordinary dividend was paid either in 1930 or 1931. A sum of £5,736 is carried forward.
Ordinary capital is £100,000 and preference £112,000, a total capital of £212,000. Reserves are contingencies £500, bad debts £328, and re placements and renewals £5,104. The item, “sundry creditors,” which includes overdraft and advances on produce in transit, amounts to £5,152, an increase of £2,218, but the item.
“W. R. Carpenter, Ltd., advances £13,878,” of 1931 no longer appears in the published balance sheet. Statement of assets is in one item, “mortgages, debtors, tranches balances, shipping property, and investments,” £241,364, a re duction of £7,932. —“S.M. Herald.”