THE D.I.C.

Evening Post, Volume XC, Issue 93, 18 October 1915, Page 8

THE D.I.C.

ANNUAL REPORT. The report of the directors of the D.1.C., to be presented at the annual meeting of shareholders, is as follows :—: — "Twenty-three of the company's employees have enlisted in the Expeditionary Forces. The directors record with deep regret that three of this number have been killed. The net profits for the past year are £22,295 9s lOd, which, with £13,060 brought forward from last year, show a total to the credit of the profit and loss account of £35,355 11s Id. On Ist May an interim dividend was paid on preference shares at the rate of 6 per cent, per annum for the half-year ended 20th February, which absorbed £3750, and leaves £31,605 11s Id now available for division. This sum the directors propose to deal with as follows : — To payment of a dividend at the rate of 6 per cent, per annum on preference shares for the half-year ended 20th August, 1915, £3750: to payment of a dividend at the rate_ of 7 per cent, per annum on ordinary shares, £8172 19s 3d; to allocation for contribution to patriotic funds, £1000 ; to addition to reserve fund (which will then stand at £52,000), £1990 ; to balance to be carried forward, less a bonus of 2£ per cent, to holders of ordinary shares on the amount of their purchases, £16,692 11s lOd. The dividend and bonus (if approved) will be payable at the company's office, Dunedin, Christchurch, and Wellington, on an<l after 30tii October. As provi<l-e<l by the articles of association, Messrs. P. L. Hallenstein and Alfred Fels retire from the directorate on the present occasion, and, being eligible, offer themselves for re-election. The auditor, Mr. J. S. M'lnnes, retires, and, being eligible, offers himself for re-election."

Dr. F. G. Shinn. visiting examiner to the Associated Board of the Royal Academy and Royal College of Music, London, has consented to give a. lecture, with musical illustrations, under the title, "Music and War," the whole proceeds being given to the- Wounded Soldiers Fund. The lecture, which will be given at St. Andrew's Room, was first given at the Crystal Palace, London, and was repeated recently »t. Auckland. The names of members of tho Wellington Stock Exchange who *re authorised to receive applications for tho Government's two-million, low *ro *dvtxti»*d in thin i«-