ABRAHAM AND WILLIAMS.

Auckland Star, Volume LXII, Issue 259, 2 November 1931, Page 4

ABRAHAM AND WILLIAMS.

NO ORDINARY DIVIDEND

• lii their thirtieth annual report, for the year ending September 30, the directors of Abraham and Williams, Ltd., state that net profit, after providing for land and income tax, totals £3321. To this has been added the amount brought forward from last year, £ 18.278, "making a total of £21,599. From this sum has been deducted the interim dividend paid in April, £7706, .leaving a balance of £13,833. From this sum the half-year's dividend on preference shares, £2461, was paid on October 1, and the directors recomniend that the balance of £11,372 be carried forward.

■ Messrs. E. S.Abraham, W. D. Hunt, and J. T. Martin, retiring directors,, are nominated for re-election. The following table "shows the result of operations in recent yeai - s:— Dividends. Net profits. p.c. Reserves. £ Prcf. Orel. £ 1023 :L6.Pfll 6 5 23.455 1924 ....20,774 6 5 25.74: , . 1925 .... 1>1.432 . 0 5 34.T08 . 1026 35.-14S' f> 3 84.532 1027 13,560 <> 5 84,500 302S 10.775 R.". "3,802 1029 IS.Suj 6 •"> :!5.62."> .1930 .... 15,ese (i r> ?.5,77S 1031 3,321 0 — 01,i>72 Chief items in the latest balance-sheet are as-follows: — Liabilities—Paid capital. £291.240; Bank of Xcw Zealand, £43.851: sundry creditois, £63.783: contingent liabilities, bills under discount, £40,000. Assets. —Property, £61,456: sundry debtors, less reserves for bad debts. £.358,566; goods, £8289; plant. £2593; shares in other companies, £5303.

Liabilities—Paid capital, £291.240; Bank of Xcw Zealand, £43.851: sundry creditois, £63.783: contingent liabilities, bills under discount, £40,000.