Taupo Totara Div. Cut
Taupo Totara Timber Company, Ltd, Putaruru, has reduced its total dividend from 12} to 9 per cent for the latest year to March 31, directors say in a preliminary report. They say that profit fell $64,707, or 26.7 per cent, to $177,449, although sales were only slightly down. Overheads were higher, they say. The recommended final dividend of 5 per cent is payable August 13, ex August 1. C.B.A. Dividend Steady The Commercial Bank of Australia, Ltd, will pay a steady 5 per cent final ordinary dividend on August 30, ex dividend August 14. A 21 per cent payment will be made on shares issued in the take-over of General Credits Holdings, Ltd. The final dividend maintains the usual 10 per cent annual rate. In 1966 a centenary bonus of 2 per cent was paid.
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Bibliographic details
Press, Volume CVIII, Issue 31730, 13 July 1968, Page 18
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139Taupo Totara Div. Cut Press, Volume CVIII, Issue 31730, 13 July 1968, Page 18
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