DEVONPORT FERRY COMPANY.

Press, Volume LXI, Issue 18400, 5 June 1925, Page 10

DEVONPORT FERRY COMPANY.

(STECIAL TO "THE PEKS3.") ~ AUCKLAXD, The report of tha Dcvonport Company for tlio year ended to bo presented to the aaaul states tli.it the profit and less placing £1550 to tho credit of the irnmfj' insurance account and after unco for depreciation of shows a net profit for the year 0f'531111 'i'iie balance brought forward last payment of dividend, amounted to.Ss&ltf making a total of £5235. An dend at the rate of 7i per cent, per waa paid for tho half-year ended OeSoSß'tf 31st, 1024, and this absorbed £3309: a balance to credit of the profit account of £4326. Tho 1 directors xccnß9invll| a/ dividend of 7$ per cent, pec »MBtt'|dislif the half-year ended April 30th, will absorb the sunt of £3JO3. balance to bo -carried forward to nezi yurtf'S accounts of £417. The paid-up vcaptial<«£|li the .company is £104,241. Tho rescm feadi||| amount to £33,917 10s, comprising' account £15,667 10s, insurance ieeeewfiffl £10,550, accident insurance fund £3OOO, lcnewai acoount £2500, and .provitioa ! |B||| income-tax £3ooo. The insmaaoe itdla has been increased by £1550, as the directors' report, anil a Tcsem:?lS||l income-tax has been provided year's earnings. Steamers, plaat, and mortgagee aro set down at as against £144,079 last year. - 3||Hg||