SILVERTON. TRAMWAY CO.
Dividend Maintained 'The Silverton Tramway Co., Ltd., yesterday advised the Stock Exchange Association that a dividend (the 143rd) of 1/3 per share has been declared, and is due and payable on Wednesday, August 25. An interim dividend of 9d. per 10/share was paid on February 26, so that the distribution for the year ended June 30 is 2/- per share, equivalent to 20 per cent. Accounts qf the .Silverton Tramway Co., Ltd., reveal a drop in profits from £60,430 to £55,510. The dividend is maintained at 2/- a share, or 20 per cent.., on the 10/- shares. The distribution requires £50,000. Appropriations from the profit and loss account are £6250 to special reserve for repayment of capital, and £650 of interest earned to reserve accounts. The amount brought forward was £7510, and £6123 has been car«tej forward.
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Bibliographic details
Dominion, Volume 30, Issue 265, 5 August 1937, Page 14
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140SILVERTON. TRAMWAY CO. Dominion, Volume 30, Issue 265, 5 August 1937, Page 14
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