COMPANY AFFAIRS.

Auckland Star, Volume LXII, Issue 15, 19 January 1932, Page 3

COMPANY AFFAIRS.

THEATRE ARCADE COMPANY.

DIVIDENDS PAYABLE.

The 29th annual report of His Majesty's Arcade and Theatre Company for the year ended December 31 states that the result of the year's operations, whilst less favourable than in recent years, must be regarded as satisfactory in view of the state of 'business generally. Attention ia drawn to the heavy burden now imposed on shareholders by the severe taxation payable under the increased scale. Gross revenue totalled £95"29 and working expenditure £5006, leaving a net .profit of £3864. The amount brought forward from 1930 was £1128, making a total of £4992. Erom this there had been deducted an interim dividend paid in July of £2150, leaving £2842 available for distribution. The directors now recommend payment of a dividend for the lhalf year ended December 31 at the rate of 6% per cent per annum for preferential shares and at the rate of 10 per cent per annum on ordinary shares, making, with 5 per cent already paid, 10 per cent for the year. The carry forward will be £692. An amount of £1000 has been written off the buildings account for depreciation. The retiring director, Mr. B. M. Myers, is nominated for re-election. The balance-sheet shows paid-up capital as £50,000. Principal assets are freehold and leasehold land £29,000, buildings £20,000.