CREDIT AND FINANCE

Press, Volume CI, Issue 29842, 7 June 1962, Page 17

CREDIT AND FINANCE

Net profit of Credit and Finance. Ltd., Christchurch, fell £687, or 23 3 per cent., to £2273 in the year ended March 31, 1962. This result is reached after provision of £1194 'down £849) for taxatlon. Interest earning* fell from £8432 (on advances of £72.277) to £7037 (on advances of JM9.759) at March 31 Expenses rose from £? 4 29 to £3560 Becommended ordinary dividend ha* been reduced from 11 per cent, to 10 per cent, and requires £2OOO Preference dividend again takes £250, and no tranefer to reserves (£5OO last year) is recommended Shareholders’ hinds are £23 higher at £30.170 and fixed term liability is steady at £lO 000 Current liabilities are £9lOB lower at £13.730 and reserve for unearned mcome I* £433 lower at £5850. B» Ilins Induitriei.—A steadyinterim dividend of 3 per cent, on the ordinary ehares has beer cleared With the 2| per cent nreference dividend, it will be 2,aid to late July, ex June 20 Tote! ordinary dividend leal vear was 9 per cent. N-Z. Motor Bodie*.—Final dividend of 6 per cant. (10 per cent, unchanged for the year) PsvaHe on June 25. ex June 22—(PA.) Unit Trust Quotes L»t«rt unit trust auoUtlonF ire:—

R. G. BELL and CO,, have sold the luxury eontemoorary Home advertised by them and situated at 102 Paparoa street. —Advt.

Buy s d SeB g d .1st N.Z. Unit ..4 6 4 10 N'Z. Income ..4 2 4 6 X'Z. Ac"U>n. ..5 0 5 4 Invest. Unit ..4 4 4 8 'st Dom. ..4 5 4 9 ’nd Dom. .50 5 4 Mut. Fund 4 0 4 10