Pacific Commerce and Product
p. 155 · Read in the full issue
Remarkable Growth Of W. R. Carpenter Empire
The consolidated balance sheet
: W. R. Carpenter Holdings
ltd. for the year ended Septem er 30 last shows that assets now ;ach the staggering total of 119,039,888 an increase of sarly £5 million in one year.
IHIS is another of the Australian - corporations which commenced eir trading in the South Pacific lands and which, as the result of xewd management, plus the in itionary movements following two arid wars, have grown enormously strength and influence. Sydney erchants, more than any other single ctor, established Australia’s domina )n in the South Pacific during the st half-century.
For comparison, we reproduce Jow the figures of W. R. Carpenter Co. Ltd. for the year ended June >, 1934; in the table, we have placed em beside the figures for the whole arpenter group for the year ended spt. 30, 1962: During the year, the Holdings ampany took over Claude Neon In- Estries Ltd., for a share issue of ,126,409.
The company made a net profit, ter tax, of £702,687, and paid a vidend of 15 per cent, on its issued pital.
Directors of the Holding Company •w are Messrs. R. B. Carpenter hairman and managing director), H. V. Carpenter (vice-chairman d managing director), W. S. snnett, B. B. Perriman. W. G. hnson, C. D. Brownhill, H. E. ell, G. C. Remington and W. A. ce.
Subsidiaries Of Carpenter
Holdings Ltd.
In Australia
W. R. Carpenter & Co. Ltd Southern Pacific Insurance Co. Ltd.
Morris Hedstrom (Aust.) Pty. Ltd.
American Trading & Shipping Co.
Pty. Ltd M. G. B. Jefferson Pty. Ltd Claude Neon Industries Ltd Claude Neon Ltd Claude Neon Lights (Vic.) Ltd. ..
L. G. Burley Pty. Ltd Marvelcraft Pty. Ltd Scanlans New Neon Ltd Neon Holdings Ltd Consolidated Neon Ltd Endurance Electric Pty. Ltd Motor Services (Gladesville) Pty.
Ltd lonlite (Queensland) Pty. Ltd.
Neon Supplies Pty. Ltd.
Neon Luminous Products Pty. Ltd. , .
Neon Signs Ltd W. R. Carpenter & Co. (Solomon Is.) Pty. Ltd J. B. Carpenter & Sons Ltd. (Non-op.) Artcraft Neon Signs Pty. Ltd T. E. Page & Company Ltd On Chong & Company Ltd. (Non-op.)
In Papua And New Guinea
Pacific Trading Co. Ltd New Guinea Co. Ltd Coconut Products Ltd Island Estates Ltd Garua Plantations Ltd Tovaruru Plantations Ltd Repairs & Sales Ltd W. R. Carpenter (New Guinea) Ltd. (Non-op.) W. R. Carpenter Oversea Shipping Ltd. (Non-op.) Island Transports (New Guinea) Ltd. (Non-op.) Island Products Ltd Southern Cross Marine Insurance Co.
Ltd
Issued capital Reserves and unappropriated profits Internal reserves 1962 12,341,605 2,178 185 1934 339,788 252,000 Land and buildings 4 819 416 Shipping property, motors Investments Trade Debtors Branch balances 1,660,388 4,891,540 2,593,734 28,155 140,617 21,284 418,667 Stocks 4,412,762 Total assets 19,039,888 609,999