INVESTMENT, MORTGAGE, AND DEPOSIT COMPANY.

Evening Post, Volume LXXIX, Issue 88, 15 April 1910, Page 3

INVESTMENT, MORTGAGE, AND DEPOSIT COMPANY.

ANNUAL HI.PORT. The dimlois of tl:r New Zealand In\OMincut. Mo<-t«;igr. and Deposit Company iv their K'poit for the year ending MM. M«mh, ftate that the net profit on the yeai-V buFiiie.«t* is £1332 17s 2d, to which muM be added the mm of £74 7s 6d brought forward from last year, making a total of £1407 4* 8«1. An interim dividend jit tlie tat« of 5 per cent, per annum, amounting to £494 17p, was declared diid paid tor the half-year ended 30th September, 1909. A further sum of £279 5s hfli bfen wiitt*! 1 . off preliminary expense" account, leaving a balance of •45633 2» 8d to be dealt .vith. The direc tors recommend a further dividend at the rate of 5 per ccnt.*per annum, which will absorb £502 13s 9d, and that the balance of £1.50 8s lid be carried forward. The company lih* now completed three years und fix months of its existence, nnd f-hnielioldens are to be congratulated on tho fact that during that tin-p the pieliminary expenses account, which stood at £768 2s 9d at the comnienceimnt of businti-s, has been reduced to £100. nnd will finally disappear in next year'« balance-sheet. Me**r». F. U. Bolton nnd W. M. Muir retire this year from the board in accordance with the «iriitlf.« of .1 spoliation, nnd, being eligible, offer thcm*elves for ic-election. The auditor. Me.-nc. Heniy Kember and Son, «tf>i thom<elve« for ie election.