Sheffield Independent – Tuesday 23 November 1937

Tinsley Park’s Profits And Offer

The report of Tinsley Park Collieries shows that including income from investments the trading profit for the year was £69,434.

After deducting income Tax. national defence contribution, directors fees and balance of expenses in connection with the purchase of Kilnhurst Collieries the net is £37,303.

With the addition of £20,538 brought in, and the deduction of £1,311 special grant to directors’ repurchase of Kilnhurst. the available balance is £56,530. The final dividend is 5 ½  per cent,  Jess tax. making  8 ½ per cent, for the year; and leaving £21,903 to carry forward.

The directors also report a profit of £36,867 on the sale of certain investments. which has been added to capital reserve They propose -to offer to shareholders 90,000 Ordinary Shares at par in proportion of one in six of their holdings on 16 November.

The additional capital is required in respect of the sinking of the new shaft at Kilnhurst, and other developments.