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The Pamphlet Collection of Sir Robert Stout: Volume 81

Of All Private Companies

Of All Private Companies

Doing business in New Zealand:
Number. Nominal Capital.
394. £3,807,937.

I have been unable to get the paid-up capital of private companies. 'It is, no doubt, very much nearer the nominal capital. But even if the proportions were the same paid-up capital would amount to £2,327,083. That is, a total capital invested of £24,476.593 by companies to earn profits in New Zealand. And since any company that makes any profit is assessed on it the profits stated in the foregoing return are all the profits made by any of these companies in N.Z. But such companies as are assessed, are assessed on only £3,594,900 profits, while firms and persons are assessed on £4,052,553 profits, about 14 per cent, more, so that there is no doubt that to earn this £4,052,553, the capital invested by the firms and persons, must be enormous.