GOLDSBROUGH MORT LTD.

Auckland Star, Volume LVII, Issue 147, 23 June 1926, Page 4

GOLDSBROUGH MORT LTD.

.NET PROFIT £231.5i'6. Goldsbroug-h, Mort. and Co.. in its report for tbf year ended March 81, showF a profl; or £381.326, compared with £S20.?0~ the previous year. With £108.377 (less bomis to staff. £ 11,25 4 > brought forward. £4£8.4 69 is available. Payment or dividend, including- interim dividend, at the rate or 10 per cent per annum, absorbs £162.r>0 0. and payment of a bonus at the rate or r> per cent, £f?,500. a sum of £62.5&0 is transferred to reserve, and £f.ncifi is transrerred to the provident n:n-. The balance carried forward is £110,969. Paid-up capita! is now £1.75.0.000, as compared with £1.500.000: and reserves are £i. 4*83.500. as compared vrith £1.154.i5i< a year ag-o. A comparison or accounts follows:— YEAR EJV'DED MARCH Si. 1924. " 1H23. 1926. Net profit 231J30 320.2n- 831.826 Div.'amonnt .. 157.51U 102.5CK1 Bonus 4S.SA2 Td.OC'O 57.000 To reserve, etc. 40.fif>0 60.440 <£.". To provident fund 2.500 s.f>C»o f.,<K:iO Forward 72.441! 105.377 110,^9 Liabilities— CE.pital 566.54R 1.500.000 I.TSf).O(Ki I>ebenture Stk. A 872,755 SSO.ST>o 550.555 Debenmre Stk. B 588.245 554.823 SS3.SOS Reserve funds.. 677.500 1 ? 154.559 1,432,500 Sundry creditors, etc 255.7S 514.723 772.455 Assets — Cash and deposirs 40P.659 267.27S 630,907 (rOTcninifii! and other securities RiiS.lf»l> 26e.9ft0 366 441 Advances 2.1<6.676 3,031.157 3.657 113 Pror-erties and Ptoefe R34.360 "ie.?l4 j:is.. ? i(Xi T'rerD;s<>s :;7S.ii.-;4 f.82.<"1fi2 e24.54:-J Shares 25.fi62 35.577 S5 518 O;h-r assets .. 35.&10 53,300 537" Accrued interesi r>C in — ift *ie Bills r«-<-eivab]e _ g^ report state? tha: the period covered by the accounts was an abnormally dry one. with cons*<raeiH- dfpression of pnre's ror sheep and rattle, and lessened sale*" These rartors contracted the returns from stock business, and eammg-s were also affected by the be.avy lali m wool valuer ElTfect or tbe Oaiiw. facior, however ™ larcely neutralised by reason or the increased cruantitles or wool sold. For the year tne company bandied a record cniantity or wool, selling 278.e88 bales and shippinp 5672 bales, as ag-ainst a total or 165.580 bales bandied in 1924-25 Wool in store unsold on March si ■α-as S3 187 bales, a≤ ag-amst 59.654 bales oa March 35 • IP2S. Competition was well EtlStamVd throug-houi the wool season,, and 'tbe whole of the year's dip. in addition to a heavy was cleared at satisfactory prices, tnouph at prices much below ■the peak? of ip;i-;s.