COMMERCIAL.
DOA>" AND MERCANTILE AG-EXCT.
The New Zealand Loan and Mercantile Ltd. has received a cablegram from its London office, intimating that the company will hold its annual meeting In I,ondon" on 16th lnet. After carrying £25 000 to general reserve account, writing £10,000 off premises, appropriating .£lO 000 to staff benevolent fund. applyuiß £X&.3&2 to writing down Investments to market values at SOth June last, and payment of interim dividend on preference and ordinary stoflc. the directors recommend a flnal dividend on preference stock 01 24 per cent, less English Income tax at 4/6 in the £. and on ordinary stock, a flnal dividend of "2 per cent, and a bonus of 2 TWs leaves £23,491 13 4 to be carried forward The reserve fund now stands at £600 000 and dividend equalisation reserve a<-ount £100.000. matins total funds in reeerve £723.491 35/1.
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Bibliographic details
Auckland Star, Volume LI, Issue 292, 7 December 1920, Page 7
Word Count
143COMMERCIAL. Auckland Star, Volume LI, Issue 292, 7 December 1920, Page 7
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