The Pumpherston Oil Company Limited, Report by the Directors and Balance Sheet with Profit and Loss Account, for the Year ended 31st December 1962
code: 198911
Description
The Pumpherston Oil Company Limited, Report by the Directors and Balance Sheet with Profit and Loss Account, for the Year ended 31st December 1962. To be submitted to the Eightieth Annual General Meeting of the Company on 28th March 1963. Details the: Profit and loss account Dividends Company's holdings - in Shell-Mex and B.P Limited and Candles Limited were sold on 19th November, 1962, to Young's Paraffin Light and Mineral Oil Company Limited for £142,485. On the 22nd November, 1962, The British Petroleum Company Limited acquired the entire shareholding of the Company from Scottish Oils Limited. On 8th November £103,192 was transferred from Revenue to Capital Reserve and a special distribution to the Shareholders of £137,070 being the amount standing to the credit of Capital Reserve was paid on 19th November 1962. Share capital Capital reserve Revenue reserves and undistributed profits Current liabilities Fixed assets Trade investments Current assets.
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