Denaby and Cadeby Main Collieries Ltd – No Ordinary Dividend

October 1926

Mexborough & Swinton Times, October 22, 1926

Denaby and Cadeby Main Collieries Ltd
No Ordinary Dividend

The report of the Denaby and Cadeby Main Collieries Ltd., for the year ending June last, shows a profit, providing for interest on debentures, deprecation, management expenses, and direction fees, of £40,482.

Add £26,608 brought in, making £75,091.

The sum of £12,000 is applied in payment of the 6%, preference dividend for the year. Owing to the prolongation of the coal stoppage, the directors regret that they are unable to recommend the payment of a dividend on the ordinary for the year.

Profit for the previous year was 83,621 and the ordinary dividend 6%, less tax.