COMPANY AFFAIRS.

Auckland Star, Volume LXII, Issue 102, 2 May 1931, Page 4

COMPANY AFFAIRS.

USUAL 10 PER CENT DIVIDEND. The annual report of the directors of Donaghy's Rope and Twine Co. tor the year ended March 31, states that net profits amounted to £6011 The amount brought forward from last > ear was £3620, and an interim dividend of 9d per share paid in October absorbed £1762, leaving available for distribution £ /8o». The directors recommend the following appropriations: —Final dividend of 1/3 per share, making 10 per cent for the year, £2937; plant and building renewal account, £1500; carry forward, £3431. The sum of £2275 has been written..off tend, bull dines and plant as depreciation. Ine annnaJ meeting Is to be held m Dunedm Ol profits for the year ended March, 1930, toUlled £9106, and the latest figures are the lowest since 1922. The company has paid a dividend at the rate of 10 per cent per annum continuously since 1920 with the exception of the year 192-5, when 9 Pe The "balance-sheet shows paid capital £47 000. Sundry liabilities total £6j49. Chief assets are: —Land, buildings and plant, £25,674; stocks, £20,420; sundry debtors, £20,853; Government investments, £7349; cash at bank, £10,521). dalgety and company, ltd. The head office of Dalgety and advises that the interim dividend will be paid in sterling.

DONAGHY'S ROPE AND TWINE. 'PROFITS LOWER AT £6011.