OCR Text |
Show v UTAH COPPER CO. VALUATION RISES Annual report of the Utah Copper Cop-per company, filed by the Ken-necott Ken-necott Copper corporation with the state tax commission Thursday, Thurs-day, showed a valuation of $63,-733,718, $63,-733,718, or twice the total net proceeds for 1940. The figure was an increase of $14,726,596 over the company's report filed a year ago. Valuation of equipment and plants was set at an additional $13,145,049. Occupational tax, representing re-presenting one per cent on gross proceeds, was $551,716 55, as compared to $389,221-91 last year. |