INVESTORS TRUST

Press, Volume CIV, Issue 30944, 28 December 1965, Page 13

INVESTORS TRUST

Optimism In Forecast (N.Z. Press Association) WELLINGTON, Dec. 27. Medium and long-term economic prospects in New Zealand were very good, and would inevitably lead to a better sharemarket, said Mr T. W. Perry, chairman of directors of the Investors Unit Trust.

“The return from our primary produce should reach record levels, and the consequent improvement in our balance of payments should result in a build-up of confidence,” he said in his report to unit holders for the halfyear ended October 31. Dividend Rise He announced that the dividend payable to unit holders registered at October 31, 1965, would be at the rate of 8s per 100 units compared with the 7s 6d per 100 units for the corresponding halfyearly period last year. “Barring unforeseen circumstances, the directors propose to maintain the higher rate of dividend in respect of the next half-yearly period, giving a dividend payout for the year of 16s compared with 15s last financial year,” said Mr Perry.

“This represents 3.2 per cent on the nominal value of the unit.”

I.C.l.A.N.Z.— Dividend is payable on 5 per cent preference shares of 1.C.1.A.N.Z. on January 28, ex-dividend January 14. The final ordinary dividend of 2.4 d (1 per cent—total unchanged 7J per cent) per fl ordinary stock, and 0.26 d for each partly-paid ordinary share, are payable on March 1, ex-dividend January 21.