WELLINGTON TRUST COMPANY.
A net profit of £8912, against £7414 in the previous year, was earned by the Wellington Trust, Loan and Investment Company, Limited, for the year ended December 31. Dividend for the year of 6 per cent compares with 5% per cent for the preceding two years.
With £5251 brought in, there is £14,193 available. Dividends absorb £7500 and £ 1000 is added to reserve, which now stands at £86,000. The special reserve account was drawn on for £693 to cover adjustments made by the Government commissions. The sum of £603 has been transferred to the account to leave it at £6500, which the board considers should be quite sufficient to meet any unexpected claims for concessions that may arise in the near future, more especially as the Adjustment Commission has now completed its tasks. This leaves a carry forward of £5000.
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Bibliographic details
Auckland Star, Volume LXX, Issue 23, 28 January 1939, Page 7
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143WELLINGTON TRUST COMPANY. Auckland Star, Volume LXX, Issue 23, 28 January 1939, Page 7
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