DEVONPORT FERRY COMPANY.
—< —■ THE ANNUAL REPORT. In their annual report to shareholders for the year ended April 19, the directors state that the profit and loss account, after making a small allowance for depreciation on steamers and plant, and for directors' honorarium, shows a net profit for the year of £1738 0/9, the balance brought "forward last year after payment of dividend amounted to £2860 4/11, ' making a total of £4598 5/8. An interim 1 dividend at the rate of 73 per cent per annum for the half year ended October ! 31, 1918, was paid, wnich absorbed £2240 ; 17/6, leaving a balance to credit of profit 1 and loss account of £2351 8/2. Your 1 directors recommend that a dividend at the rate of 7J per cent per annum be 1 paid to shareholders for the half year ' ended 30th April, 1919, -which will absorb 1 tbe sum of £2246 18/9, leaving a balance '• to be carried forward to next year's ' accounts of £104 9/5. During the year the 5 Northern Chief, used as a coal hulk, was ' advantageously disposed of. In aeoord- ■ ance ■with'the Articles of Association, Mr 5 E. 1L Coleman is the retiring director, and, being eligible, offers jhimself tor reelection. Messrs Thomson and Gray, the retiring- auditors, offer themselves for reelection. If approved, the dividend will be payable at the Company's Office, Quay Street, oa, and after Monday, July 28, 1919. _,--' -
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19190717.2.97
Bibliographic details
Auckland Star, Volume L, Issue 169, 17 July 1919, Page 11
Word Count
235DEVONPORT FERRY COMPANY. Auckland Star, Volume L, Issue 169, 17 July 1919, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.