No Dividend Transfer
(Partiamentarv Reporter) WELLINGTON, Oct. 16. It would be difficult to justify a transfer of the Jovemment's 8 per cent dividend from its shares in New Zealand Woolpacks and Textiles, Ltd., to the New Zealand Wool Board, the Minister of Finance (Mr Lake) told Mr 3. S. Gordon (Govt., dutha) in the House of Representatives today. He said the amount due to the Government—£B423 was quite modest. It represented the normal dividend paid by the company. The company had 1600 small, private shareholders and a £150.000 Government investment. Dividend distributions were 8 per cent Last year and 7 per cent in the previous four years.
Bathers at Eilath on the Red Sea coast of Israel need no longer fear sharks, an electric fence several hundred yards long has been laid on the sea bed.—U.N.E.S.C.O.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19631017.2.172
Bibliographic details
Press, Volume CII, Issue 30264, 17 October 1963, Page 18
Word Count
136No Dividend Transfer Press, Volume CII, Issue 30264, 17 October 1963, Page 18
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.
Log in