Denaby and Cadeby Collieries – Ordinary Dividend of 8 Per Cent.

October 1924

Mexborough & Swinton Times, Saturday, October 18

Denaby and Cadeby Collieries.

Ordinary Dividend of 8 Per Cent.

The report of the Denaby and Cadeby Main Collieries show that the profit for the year, after providing for interest on debentures and loans and depreciation, etc., amounts to £211,514, which, together with the balance of £26,551, gives a total of £238,065.

The sum of £12,000 is applied in payment of the 6 per cent. Preference share dividend for the year, and, after writing off the cost of issue of the 6 per cent. Mortgage Debenture stock, £42,014, and dealing with the general reserve fund, remains a balance of £122,987.

Directors recommended a dividend on the Ordinary shares for the year ending 30th June last of 8 per cent. less income tax, leaving a balance of £26,987 to be carried forward.