FIRST DOM. TRUST
Increase In Payment
(N.Z. Press Association) AUCKLAND, July 13. The First Dominion Unit Trust has raided its interim nayment for the six months to May 31 from ss, or 1 per cent to 5s 6d, or 1.1 per cent a hundred units. The market value of the nortfolio at balance-date was £162.210—a drop of £10.807 from the value 12 months previously. The chairman of the Dominion Unit Fund Managers. Ltd (Mr C. B. Wake), said in his report that the percentage of the New Zealand section of the portfolio had increased from 68.3 to 71.3. Fall Inevitable
With the steep fall in the Australian market in recent months it was inevitable that the value of Australian investments should have fallen. However, the Australian section now consisted of a hard core of good securities spread over a wide range of industries. At present the immediate outlook for sharemarkets in both New Zealand and Australia was uncertain, and no substantial improvement seemed likely in the short run, Mr Wake said.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19650714.2.151
Bibliographic details
Press, Volume CIV, Issue 30802, 14 July 1965, Page 16
Word Count
171FIRST DOM. TRUST Press, Volume CIV, Issue 30802, 14 July 1965, Page 16
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.