CEMENT DIVIDEND.
FIRST FOE SEVEN YEARS. The directors of Golden Bay Cement Company, Wellington, report for the year ended June 30 a profit of £8886, after making provision for depreciation. Net profit for 1936 wae £3671. The directors recommend that a dividend at the rate of 5 per cent on the paid-up capital of the company be declared. This will absorb £36$}, and will be the first dividend received by the shareholders for seven years. Income' tax will amount to £3159, and after | allowing for these two amounts a credit' balance of £418 'will be carried forward I in profit and lose account to next year. The directors report that the improved demand for cement continued during the year under review. This increased demand for cement had reflected its results in this iyear'i accounts.
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Auckland Star, Volume LXVIII, Issue 290, 7 December 1937, Page 4
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134CEMENT DIVIDEND. Auckland Star, Volume LXVIII, Issue 290, 7 December 1937, Page 4
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