PAPER MILLS PASSES DIV.
(N.Z. Press Association) DUNEDIN, May 29. The chairman of directors of New Zealand Paper Mills, Ltd., Mr J. G. Dykes, announced in Dunedin last night that the company would not pay a final dividend.
Mr Dykes said the year’s output showed a slight increase, but in view of the heavy cost of repairs and increased depreciation charges resulting in a corresponding loss the directors considered it prudent not. to recommend the payment of a dividend for the current year.
Interim dividend was also passed. The company paid 8 per cent, in 1962.
Dividends Resumed. The North Shore Transport Company, Ltd., will pay a dividend of 5 per cent, for the year to March 31. the chairman. Mr J. B. Donald, announced today at the opening of the company's new garage and offices in Takapuna. This is the first payment since the 5 per cent, dividend declared tn 1958.—(P.A.)
Unit Trust Quotes Buy. Sell. s. d. s. d 1st N.Z. Unit .. 4 7 4 11 N Z Income .. 4 3 4 7 N.Z. Accum. .. 5 2 5 6 Invest. Unit .. 4 2 4 6 1st Dom. .. 4 5 4 9 2nd Dom. .. 5 1 5 5 Mut. Fund " .. 4 10 5 2
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Press, Volume CII, Issue 30144, 30 May 1963, Page 17
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205PAPER MILLS PASSES DIV. Press, Volume CII, Issue 30144, 30 May 1963, Page 17
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