In the report to be presented at the annual meeting of the Metropolitan. Permanent Building and Investment So-, ciety on 12th March, the directors recommend that the usual distribution of profits, at the rate of 7 per cent, per annum, 'be made, and that a further sum of £500' be added to the reserve fund, which will then stand at £12,000. The profits for the year (including a balance of £97 3s 4d brought forward from last year after deducting the usual amounts)' total £3765 5s 2d, which it is proposed, to appropriate as follows :—To credit holders "B" investment shares at 7 per cent, for twelve months ending 15th February, 1917, £1637 3s 3d; to payment; of dividend at 3j per cent. for. six months ending 15th February, 1917, to holders of "A" £10 shares. £1050; to reserve fund, £500 : £3187 3s 3d.
Mr.. A. <L Talbot, Superintendent of the Chief Telegraph Office, goes on annual leavo to-day, and will visit Lakes Wanaka and Wakatipu. During his absence Mr. Charles Ireweek yvill act v Supßrintendeat. , ;. . ■'. -
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Bibliographic details
Evening Post, Volume XCIII, Issue 48, 24 February 1917, Page 5
Word Count
176Untitled Evening Post, Volume XCIII, Issue 48, 24 February 1917, Page 5
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