Burns Philp (SS) Co.

Shows Steady Figures

A NET profit of £106,831 was made by Burns Philp (South Seas), Ltd., in the year ended February 28 last.

This is substantially the same as the pre vious year. The subscribed capital of this company (registered in Suva—all figures represent Fiji currency) is £750,000, and the usual dividend of 10 per cent, there fore takes a little less than three-quarters of the year’s profit. Most of the balance is added to the General Reserve, bringing it to £375,000, There is also an Equalisation and Re habilitation Reserve of over half a million,

and nearly IVz millions of funds representing accounts in credit and de posits held at call. In other words, the company’s available capital is over £3,060,000, of which only £750,000 was subscribed by shareholders. Two balance sheet items, investments £813,570, shares in subsidiaries £314,960, suggest that over £ 1 million is not actually working in this business; but they do indicate the tremendous reserve strength of the organisation.

The steel bodies of some mobile; X-ray units for use in Fiji recently arrived in Suva and the units are 1 now being assembled. Meanwhile a large number of school children have already been X-rayed at Health Department headquarters in Suva pending completion of the units which will be used in the anti-TB campaign.