FINANCIAL COMPANY'S YEAR.

Evening Post, Volume CIX, Issue 88, 14 April 1930, Page 14

FINANCIAL COMPANY'S YEAR.

■■;-..:: Directors of. the New Zealand Invest- ' ment, Mortgage^' and Deposit Company, report, for .the.year ended 31st ■.'.'March,last that the net profit on the year's £business':is.-'£-3754-7s"Bd, to which must bo l.added, the^sum of £2023 0s 3d, brought ..forward from last year, making a total oi ,•'£5807.78.- lid.: An interim dividend at the •1-ate of ,6 per cent.. per annum, amounting to £1065, was declared and paid for ythe half-year ended 30th September, 1029, {Jiving £4742 7s lid to be dealt with. The •■directors now recommend the payment of '/i.,'further"'dividend at the rate of 4 per (Sept.. making" 7 per cent, for the year ;,.ended 31st,March,, 1930, which will absorb ■~•£1420; that £1000 be carried to reserve, ;-which will then stand at £8000, and that ■.the balance of £2322 7s lid be carried forward. •■:.:■

.OMr. Gerald FitzGerald, who retires from ;'th> board, offers himself for. re-election. sThe auditor, Mr. O. G. Kember,.also offers jhntiself for re-election. ... i.; "The balance-sheet shows called up capital 5^3a,500, reserve fund"£7ooo, deposits and ,:*ccrued interest £104,654, investors £1454 ,V*undry credits £1051. Assets include mort.gages £134,004, special. deposits £15,000, '.New Zealand Inscribed Stock £2500 interest and cash £2898.