Staff Reduced After Merger
Since the merger of Dalgety and New Zealand Loan (effective in November 1961 > was announced, a reduction in New Zealand of approximately 10 per cent in staff and 15 per cent in motor vehicles has been made, according to the chairman (Lieutenant-Colonel C. P. Dawnay). In his annual review, he says the first economies of the merger, however, were mainly nullified by the cost of alterations to premises and the effect of a general wage order.
C.P.D. Interim.—Cable Price Downer, Ltd, Wellington construction and engineering group, has lifted its interim ordinaridividend to 4 per cent for the half-yea-r ended September 30. Last year the group paid an interim of 3j per cent and a final of 34 per cent, making 7 per cent lor the year.—(P-A.)
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Press, Volume CII, Issue 30288, 14 November 1963, Page 27
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130Staff Reduced After Merger Press, Volume CII, Issue 30288, 14 November 1963, Page 27
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