Solomon Islands Develop
p. 16 · Read in the full issue
Ment Co.
The Solomon Islands Development Company, Ltd., reports a net profit of £660 for the year ended March 31, com pared with £1,134 for the previous year.
With £804 brought forward, there is £1,464 available, which is carried for ward. No dividend is recommended.
The dividend for the previous year was £2 per share.
The directors report that the output of copra was 926 tons, compared with 872 tons for the previous year. The directors add that on market prices as at July 6, the date of issuing the re port, it is doubtful whether future earn ings will more than meet expenses.
Capital is £95,000, creditors £181, against £295, and accrued wages of native labour £517, against £388. Assets are valued at £97,163, plantations, at cost, representing £83,872. Cash is
£8,703, and produce £1,946.
“S.M. Herald.”
Herald.”