Victorian Consolidated Legislation

Forestry Pulp and Paper Company's Afforestation Contracts Act 1949 - SECT 21

Distribution of profits

21. Distribution of profits

     The Company shall be entitled to retain for its own use twenty per centum of the net profits made from the marketing and realization of the said timber. "Net profits" shall mean the total amount realized after deducting all costs and expenses of harvesting milling pulping and marketing the produce but not including any allowance to the Company in respect of buildings mills plant and appliances erected by it. Save as aforesaid the net profits made from the marketing and realization of the said timber shall be divisible by way of dividend from time to time among all the stockholders in proportion to the amount of stock held by them respectively.