Burns Philp (SS) Co., Ltd. Has
p. 85 · Read in the full issue
Another Profitable Year
THE 28th annual report of Burns Philp (South Seas) Co., Ltd. shows a net profit for the year ended January 31 of £97,079. The Company is paying a dividend of 1/9 per £1 share, absorbing £37,500, and is transferring £25,000 to the Reserve Fund (making that £250,000).
This Company’s original capital was £750,000; and the total amount of capi tal now invested in the business, includ ing Reserve Funds and amounts at credit of P/L account, is just on £1,500,000. The Company is in a very strong financial position.
It is registered in Fiji and the directors are Messrs. James Burns, Joseph Mitchell, P. T. W. Black, John Trotter, F. E. Lox ton and Sir Henry Scott. It has branches in the six principal towns of Fiji, at Rotuma, at the three chief centres of Tonga, in Apia and Pago Pago, and in Norfolk Island and Niue, as well as in numerable trading stations. During the year the Company transferred its New Hebrides assets to a new company, Burns Philp (New Hebrides), Ltd., registered in Vila. The Company’s small branches in the French Islands of Wallis and Futuna have been closed.