D.I.C. DIVIDEND
The Drapery and General Importing Co., Ltd. (D.1.C.), o£ Dunedin, reports a net profit for the year ended August 21 of £30,702, compared with £35,635 last year and £36,593 in 1943. The directors rec&mmend a dividend of 5 per cent per annum on preference shares for the half-year, £6250: 7 per cent on ordinary shares for the year, £17,020: addition to reserve which will then stand nt £104,000), £4908; illocation for contribution to patriotic and similar funds at the discretion of the directors. £ 1000; balance to be carried forward, £50,687. The directors have again decided not to deduct security taxes payable on preference shares. The dividends are unchanged.
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Bibliographic details
Auckland Star, Volume LXXVI, Issue 251, 23 October 1945, Page 3
Word Count
110D.I.C. DIVIDEND Auckland Star, Volume LXXVI, Issue 251, 23 October 1945, Page 3
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