COMMERCIAL.
NEW ZEALAND ASSD RIVER PLATE. ■Rivif Sw™?" of the Xew Zealand and K=t«- pjate Loan ond Mortgage Company rwetlng of the company -trill be held on Dar l« l3 -. an ' 1 that th « accounts show _ net profit of £85.333. The directors will xecommend a dividend of n per cent p c " annom absorbing £40,000; transfer to ™' f?i? IO: J and carry forward £21,333. The dividend at the rate of 14 per cent per annum for the first half of the eompsny s year has already been paid to shareholders The dividend for the half-Tear etraing October 31 last, after deducting inr m at the rate °* 6 / h» the £,°tvi!l dc ll.iod per share. The directors -nrUl also recommend that tut nominal capital be increased to £700 000 tr the capitalisation of £3.i0,000 from the reserve fund into 330.000 £1 shares to be Issued to shareholders In the proportion of on» new -share to one old share The confirmatory meeting wili be held on r ebruary 3.
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Bibliographic details
Auckland Star, Volume LI, Issue 5, 6 January 1920, Page 9
Word Count
167COMMERCIAL. Auckland Star, Volume LI, Issue 5, 6 January 1920, Page 9
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