Palidan pays P.01

Title: Palidan pays P.01
Language: English
Year: 1940
Rights
Fulltext: 8 PALIDAN PAYS P.01 A payment of P0.01 per share was made on April 15, 1940, to shareholders of Palidan-Suyoc Deep Level Tunnel Co., this payment being the first step in a reduction of capital from P750,000 to P300,000. The payment was made to stockholders of record on April 11th. This reduction in capital was approved by the stockholders at the annual meeting held on March 17th. Palidan-Suyoc Deep Level Tunnel Co.~ which constructed the deep level drain tunnel which is now draining the Suyoc Consolidated Mining Co., is in an excellent financial position. It has paid all obligations, and is now receiving 15 o/o of the net profits of Suyoc ConCLETRAc-suPERIOR FOR EXCAVATING solidated Mining Co. By reducing the The iUustr:ition above shows a CLETRAC tractor (manufacture,d by the Clevdand Tractor Com']Jany of Cleve- Capital, the Company Will be in a posiland, Ohw atnd distribute,d in the Philippines by Mar.s- I • mam. Trading Corporation) at work on a building excava- tion to start the return Of Capita Ill tion job----one of the many uses to which CLETRACS are the near future. 1)Ut. FOR RAINY SEASON PROTECTION "Filson Clothes for the Man Who Knows'' Complete Stocks in Manila-Baguio-Paracale C. C. FILSON CO. --oOo-Philippine Agents: Marsman Trading Corp. THE MARSMAN MAGAZINE /or April, J940