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DOMINION INVESTMENT

said the Ur total PU of ISI i ed ° n August 6 >. Mr. Lunn &aia tne total of reserves and carrv forward ma™| n^he ab £ U i t 2 a °* nt ° r permanent capital, maKing the £l a shares worth £1 4/- thus thmV I"' quoted at par on the Stock Exchange, «ere below their real valtip undivided profit carried forward. £11,120 closely approached the annual net profit and would conto be a stabilising factor. The prudeSt policy of building these reserves even in difficult l!rn^ M r^ nS itS , e J? ect fclt in association s financial stability under the s t m ent conditions and lOW interest rates now m, ?• . R* fere nce was made to the death of Mr J. A. Wamock. a former director, an£ to the of 'he secretary and staff. The retiring directors. Sir James Gunson and Mr. George Winstone, were re-elected.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19420825.2.95

Bibliographic details

Auckland Star, Volume LXXIII, Issue 200, 25 August 1942, Page 5

Word Count
150

DOMINION INVESTMENT Auckland Star, Volume LXXIII, Issue 200, 25 August 1942, Page 5

DOMINION INVESTMENT Auckland Star, Volume LXXIII, Issue 200, 25 August 1942, Page 5

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