COMPANY NEWS
Bank of New South Wales.—A quarterly dividend of 9s a share (Australian) will be ex on August Ik—(PA.) North Shore Transport.—Net profit cf the North Shore Transport Company, Ltd., increased by £3076 to £5896 in the year to April -30—the company’s second year since its separation into an indeS endent company from the Devonport team Ferry Company, Ltd. The result was reached after provision of £4225 more for taxation at £6300, and unspecified depreciation. In the 1952-53 year the depreciation allowance was £11,577.' ta addition to the net trading profit, there was a capital profit of £7OO (against £6O in the previous year), which has been transferred to reserves. Dividend, increased from per cent, to 5 per cent., requires £5OOO, leaving £896 of the net trading profit to increase the carry-for-ward to £1276.
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Bibliographic details
Press, Volume XC, Issue 27410, 24 July 1954, Page 8
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135COMPANY NEWS Press, Volume XC, Issue 27410, 24 July 1954, Page 8
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