INCREASE IN DIVIDEND

Dominion, Volume 29, Issue 207, 29 May 1936, Page 14

INCREASE IN DIVIDEND

Trustees, Executors Company Dominion Special Service. Dunedin. May 28. The 54th annual report, of the directors of Hie Trustees,, Executors and Agency Company of New Zealand, Ltd., states that the profit and loss account shows a net profit fur the year of £3632 5/4, to which Jias to be added the balance of £8754/2/9 from last year, making a total credit of £12.377/8/1. An interim dividend of 3 per eent. for the half-year endc<| September 30, 1935. was paid, amounting to £6OO. len_ving a balance to be dealt with of £11.777/8/1. Of this balance tlie directors recommend the following appropriations:—Dividend of 5 per cent, (making 8 per cent, for tlie year). £1000; amount Io be written off freehold property account. £200; to be written off office furniture account, £154/17/10; writing off Timnrti branch establishment account. £376/18/4; balance to bo carried forward, subject to >iu come tax for the year just ended, £10,045 11/11. Tlie retiring directors. Sir James Allen and Sir Joint Sinclair, offer themselves for re-election. The distribution for the previous year was 6 per cent. National Bank of Australasia Tlie National Bank of New Zealand Ltd., a,-- New Zealand agents for the National Bank of Australasia Ltd., has received the following telegram from the chief ninnnger of that bank, dated Melbourne. May 27: Ordinary general annual meeting lias closed. Report and balancesheet as nitlilished adopted. Retiring directors, Sir James Elder and Sir Harry Chauvel. and auditors re-elected.