Waitaki Plans Steady Div.
(N.Z. Press Association) OAMARU, Dec. 16. Among several incorrect assumptions which have been made in connection with his company’s proposal to merge with Canterbuy Frozen Meat Company was reference to the possibility of Waitaki having to reduce the rate of dividend, when its capital is increased as a result of this proposal, commented Mr D. Malcolm, chairman of Waitaki Farmers’ Freezing Company, Ltd. He said that in view of Waitaki’s own record of increasing profits and the improvement which he was sure could be achieved in C.F.M.’s average operating results, the board was confident that this year’s dividend rate of 17 per cent for Waitaki could be at least maintained on the higher capital after the merger.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19681217.2.216
Bibliographic details
Press, Volume CVIII, Issue 31864, 17 December 1968, Page 26
Word Count
121Waitaki Plans Steady Div. Press, Volume CVIII, Issue 31864, 17 December 1968, Page 26
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