Rabaul Electricity Co.'s Profit
pp. 39-40 · Read in the full issue
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AFTER charging £1,918 depreciation and amortisation, a profit of £1,968 was earned by Rabaul Electricity, Ltd. (New Guinea), for the year ended June 30 last. This compares with £2,685 in 1940, when depreciation and amortisation took £ 1,783.
Interim dividend of 3 p.c. is to be supple mented by a final 4 p.c., making 7 p.c. for the year. The full appropriation takes £2,084.
Previous year’s dividend was 12 p.c.
Consumers at balancing date numbered 552 15 more than on June 30, 1940. Economic con ditions caused a decline in revenue, which, however, tended to expand towards the close of the year.
A New Hebrides de Gaulle Committee has been formed at Vila, comprising 15 residents of the Condominium. Its ob jects are to establish close unity among the Free French people of the Group and to strengthen the links between British and Free French Administrations.