A GOOD YEAR.
NORTHERN STEAMSHIPS.
[THE PEESS Special Service.] AUCKLAND, May 14. The forty-seventh annual report of tlhe Northern Steamship Company, Ltd., to be presented to shareholders on Thursday, shows a net profit for the year ended March 31st of £13,ii14 18s sd, after making provision for depreciation, insurance, income-tax, and boiler and repairs account. Transfer fees were £l4 17s 6d, and the balance brought forward from the previous account was £8987 8s lid, making a total of £22,217 4s lid. An interim dividend at the rate of 8 per cent, per annum, which was distributed on November 14th, absorbed £6456 9s Bd, and the directors recommend a further dividend at the rate of 8 per cent, for the half-year ending March 31st, leaving a balance of £9304 5s 6d to be carried forward. The following is a comparison of the company's results for the last three years:— 1925-6. 1926-7. 1927-8. £ £ £ Brought forward 8,369 8,784 8,987 Net profits .. 13,328 13,116 13,230 Total .. £21,697 £21,900 £22,217 £ £ £ Dividends, 8 p.c. 12,913 12,913 12,913 Carried forward 8,784 8.987 9,304 The company's assets, as shown in the jalance-sheet, amount to £316,388.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19280515.2.95
Bibliographic details
Press, Volume LXIV, Issue 19310, 15 May 1928, Page 10
Word Count
187A GOOD YEAR. Press, Volume LXIV, Issue 19310, 15 May 1928, Page 10
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in