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FINANCIAL SERVICES, LIMITED

The accounts of Financial Services, Ltd., WeW lington, for the year ended May 31, show a net profit of £3024, compared with £2538 the previous year. Reserves stand at £5500 {£3621 in 1043 and £4789 In 1944). Dividend is at an unchanged rate of 4d final, making 7d for the year. Tho company's activities as a commercial finance company have been further extended, advances and stock finance showing an increase from £84,197 to £110,174. As a result of the conversion of the deferred shares into ordinary shares, which was announced a year ago and has now been put into effect, the ordinary share capital has been increased! to £65.815 authorised and £43,279 Issued, while the deferred shares have disappeared from tho balance-sheet.

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AS19450720.2.22.6

Bibliographic details

FINANCIAL SERVICES, LIMITED, Auckland Star, Volume LXXVI, Issue 170, 20 July 1945

Word Count
125

FINANCIAL SERVICES, LIMITED Auckland Star, Volume LXXVI, Issue 170, 20 July 1945

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