BUILDING INVESTMENTS.
ARE VALUES UNSTABLE? COMPANY CHAIRMAN'S VIEW. i m .__ (By Telegraph.—Press Association.* WELLINGTON, this day. A final dividend of 6d a share was declared at the unniiiil meeting of the K<|iiilal>lc Building and Investment Company. Wellington, Limited. The chairman, Mr. -Malcolm Froiier, said the payments on both debenture stock and shares had exceeded the distribution to shareholders for any year since 1931. The danger of present, day values leccilinj; was referred to. The directors were fully alive to this aspect, and, besides conservative advancing had endeavoured to arrange such a table of repayments as would effectively counter in a short period any such recession.
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Bibliographic details
Auckland Star, Volume LXX, Issue 108, 10 May 1939, Page 8
Word Count
105BUILDING INVESTMENTS. Auckland Star, Volume LXX, Issue 108, 10 May 1939, Page 8
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