INCOME REDUCED
An Auckland Company Dominion Special Service. Auckland, November 2. The directors of the Security Trust and Investment Company, Limited, report a reduced income for the year ended July 31, chiefly due to the fact that the return on the company’s holding in the Security Finance and Guarantee Company. Ltd., had not produced the income expected. ’The future of both companies has been a matter of careful consideration by the directors and certain proposals will be laid before shareholders at an early date. The directors assure shareholders that neither company has any liabilities or creditors and their respective assets are unencumbered. T'be usual final preference dividend of £6/8/- tier annum, being 8 per eent. per annum less the statutory reduction of 20 per cent., was approved at the annual meeting. Distribution to ordinary shareholders was held over pending an early meeting to consider the future policy of the company.
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https://paperspast.natlib.govt.nz/newspapers/DOM19331103.2.104
Bibliographic details
Dominion, Volume 27, Issue 34, 3 November 1933, Page 12
Word Count
150INCOME REDUCED Dominion, Volume 27, Issue 34, 3 November 1933, Page 12
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