Burns Philp (SS) Co. Pays
p. 104 · Read in the full issue
10 Per Cent.
THE accounts of Burns Philp (SS) Co., Ltd. (which is that section of the big firm that operates in the Pacific Islands from the New Hebrides east wards! show that in the year ended January 31 a profit was made of £96 702 compared with £94,018 in the previous year. The dividend, increased to 10 per cent., absorbed £75,000.
This Co. has an issued capital of £750,000 and it uses over £775,000 of re serves in the business. Its assets include £594 000 in real estate, shipping and shares and bonds; £975,000 in merchan dise; and £lOO,OOO in book debts. £170,000 owing by a subsidiary company in the previous year, has been paid and is now included in an investment of £304.000 in a subsidiary co. The directors are Messrs.
James Burns. Joseph Mitchell. P. T. W.
Black, John Trotter, F. E. Loxton, and Sir Henry Milne Scott.