MARAC PROGRESS FOR QUARTER
Outstandings Rise 42 p.c. (N.Z Press Association) AUCKLAND, July 23. Outstandings of Manufacturers’ and Retailers’ Acceptance Company. Ltd.. Auckland finance company, increased by £100,735 or 42 per cent, to £337.269 in the three months to March 31. the annual accounts reveal. The accounts cover the year before the company floated to the public with a £150,000 par issue in April. Net profit for the year to March 31 was £4616, after providing £4820 for taxation.
Income was £22.704 after deduction of £37,629 unearned income. Expenses of £13.268 included £4004 interest on borrowed funds.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19630724.2.196.8
Bibliographic details
Press, Volume CII, Issue 30191, 24 July 1963, Page 19
Word Count
97MARAC PROGRESS FOR QUARTER Press, Volume CII, Issue 30191, 24 July 1963, Page 19
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.