LOAN AND MERCANTILE.
. ■- (bX:; TELEGRAPH—press association.) ",,' *,:•• Auckland, November 22. The Now Zealand Loan and Mercantile Agency Company, Limitted, has received the following cable from its London house:— The. annual meeting will be held on December 5., In the annual report and balanceIheet,, after £9956 has been written'off London investments, and £58,000 carried to reserves, : the Board -of Directors rerecoramend_. the' payment of a dividend of 5 per cent., less income tax, £133 .being carried forward. The report Btatos also that £100,000 out of the surplus for the'realisation of properties under' the , scheme of' 1897 has . been carried to capital reserve,'hence tho total reserve of the Now Zealand Loan and Mercantile Agency, Limited,; is £315,000. In addition, tho New Zea-' land Land 'Association, Limited, has carried £70,000 surplus from realisation of properties to tno, capital reserve account.' i
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Bibliographic details
Dominion, Volume 1, Issue 51, 23 November 1907, Page 5
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137LOAN AND MERCANTILE. Dominion, Volume 1, Issue 51, 23 November 1907, Page 5
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