N.Z. LOAN AND MERCANTILE
(New Zealand Press Association) WELLINGTON, Sept. 24. New Zealand Loan and Mercantile announces a recommended final dividend on preference stock of 2g per cent. The annual ordinary dividend is 12 per cent., less British income tax. The dividends are payable on November 20, and the shares are ex dividend on October 31.
The profit of the group before tax, including income from subsidiaries not consolidated, was £597,734 (£820,409 previously), less provision for taxation £283,244 (£521.516). leaving a group profit for the year of £314,490 (£298.893). Subsidiary companies retained £ 148,472 (£94,077). Taxation adjustments from the previous year are £200,000 (£140,000), making the profit available £366,018 (£344,816). Transferred to general reserve £150,000 (£150,000). The annual meeting will be on November 18.
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Bibliographic details
Press, Volume XCVII, Issue 28700, 25 September 1958, Page 17
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123N.Z. LOAN AND MERCANTILE Press, Volume XCVII, Issue 28700, 25 September 1958, Page 17
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