FTC ahead
PA Auckland Farmers’ Trading Company, Ltd, sales were 15 per cent ahead in the first three months of the current year, said the company’s chairman, Mr Rawdon Busfield, at the annual meeting yesterday. The increase was particularly satisfying considering the buoyant sales achieved this time last year. “Labour Government policies, particularly of increased housing, should have some beneficial influence on department store sales,” he sasid. “If unemployment can be reduced, this should also help retail sales. “Unfortunately, the current economic situation leaves no room for any over-all benefits, as inflation must be contained. ■ “If steps had not l?een taken in the past to redfice inflation the country would have been in a much more difficult situation than it faces today.” The directors were confident that, subject to normal trading, a 24 per cent annual dividend rate would be maintained on bonusincreased capital, he said.
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Press, 20 July 1984, Page 8
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146FTC ahead Press, 20 July 1984, Page 8
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