NZ AND RIVER PLATE
The New Zealand and River Plate Land Mortgage Company. Ltd-, London, has raised the dividend for the year ended October 31 from 4 per cent, to 5 per cent. This follows an increase from 3 per cent to 4 per cent, last year The dividend, which is subject to British income tax of 7s 9d in the £. will take £21.438, compared with £17.150 The company earned a net profit of £38.427 during the year, according to cabled advice received by the New Zealand attorney. Mr R G Milligan. This is £lOl4 higher than in the previous year. Argentine and British expenses totalled £15.150 (£12.448 in 1960). Argentine taxation was £943 lower at £1485. and British and other taxation absorbed £7240 against £6792
There is an exchange difference on net currency assets of £229, against £lB the previous year
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Bibliographic details
Press, Volume CI, Issue 29748, 15 February 1962, Page 18
Word Count
142NZ AND RIVER PLATE Press, Volume CI, Issue 29748, 15 February 1962, Page 18
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