LOWER NET PROFIT
Macky, Logan, Caldwell Ltd. TAXES MORE THAN DIVIDEND Dominion Special Service. AUCKLAND, April 18. ’L’he profit of Macky, Logan, Caldwell, Limited, for the year ended February 19, was £11,765, a reduction of £5830 in comparison with the previous year. The directors propose a final dividend of 34 per cent , making 6 per cent, for the year, compared with a similar rate in the previous year, and a bonus of one per cent. ’.rhe report of the directors states that the company has maintained its satisfactory position, notwithstanding erratic trading conditions, which have resulted in a lower profit on the year's business. The year’s dividend requires £5199, and £sBso—or £750 more than the dividend distribution—is transferred to tax reserves,, including £6OO for the social security contribution.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/DOM19390419.2.146.8
Bibliographic details
Dominion, Volume 32, Issue 173, 19 April 1939, Page 14
Word Count
128LOWER NET PROFIT Dominion, Volume 32, Issue 173, 19 April 1939, Page 14
Using This Item
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in