N.Z. and Australian Land Co.’s Year
Recommended dividends of the New Zealand and Australian Land Company, Ltd., for the year ended March 31 total 20 per cent., compared with 17 1-3 per cent, last year. The dividend (which is less British income tax) includes a bonus of 5 per cent, in the final payment of 15 per cent. Group profit rose from £618.790 to £839.523 before United Kingdom and Dominion taxes. These totalled £482,001, compared with £366,987, leaving a net profit for the group of £357,522, against 251.803 last year. Dividends and bonus, absorbing £258,750 and £76,960 (compared with £44,549) is transferred to general revenue reserve. Transfers to staff superannuation reserve and subsidiary reserves take £16,400 (compared with £10.000) and £27.877 (£15,524) respectively. The group’s carry-forward is raised from £432,145 to £454,610.
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Bibliographic details
Press, Volume XCVI, Issue 28434, 14 November 1957, Page 19
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132N.Z. and Australian Land Co.’s Year Press, Volume XCVI, Issue 28434, 14 November 1957, Page 19
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