ABRAHAM AND WILLIAMS, LTD.

Press, Volume LXIV, Issue 19462, 8 November 1928, Page 12

ABRAHAM AND WILLIAMS, LTD.

' The twenty-seventh annual report of the directors of Abraham and Williams, Ltd., for the year ended September 80th,. states < that after providing for land and income tax, the net-profit amounts to £16,775, to which is,added .£14,060, making. £30,835;, £7766 was paid as interim dividend to March 81st, leaving' available for distribution ; £23,069.. From thiß sum a half year'B dividend amounting to £2461 was paid on October Ist, and the directors recommend that a dividend of 2J per cent.,-making '5 per cent, for. the year,, bo paid on ' ordinary shares,, leaving :£15,302 to be carried forward. ' Tfee following, table shpws the result of operations in recent years:— , . ... Dividends; Net profits. p.c. Reserves. • £'.... Pref. Ord. £ .

The balance-sheet shows authorised share capital £500,000 in £5 shares. Paid capital is £205,760 in 13,596 preference and 27,556ordinary shares. Outside liabilities are: Bank of New Zealand, £23,267; sundry creditors, £87,739. Chief assets are: Property, £71,837; sundry debtors and bills■ receivable, £341,115; goods, £11,803; plant, £5995; cash on deposit at short call, £20,000,

1923 .. 16,991 6 5 23,455 1924 .. 20,774 6 5 28,743 1925 ,, .. 21,452 6 5 34,708 1926 .. 15,348 6 5 34,532 1927 ,. 15,560 6 5 34,560 1928 .. 16,775 . 6 5 35,802