LATE COMMERCIAL
WAN AND MERCANTILE' COMPANY.
The New Zealand Loan and Mercantile Agency Company, Ltd., has received a cablegram from its London office intimating that the company will hold its annual meeting in London on the 18th inst. After carrying £25,000 to general reserve account, writing £10,000 olf premises, appropriating £10,000 to staff benevolent fund, and payment of interim dividend on preference and ordinary stock, the directors recommend payment of a final dividend 'of 2$ per cent, (making 5 per cent, for the year) on preference stock, and final dividend of 3^ per cent, and bonus of 2 per cent, (making 8 per cent, for year) on ordinary stock; also 2J per cent, dividend on preference and 3. per cent, dividend and 2 per cent, bonus on ordinary new issue stock; all less English income tax. This leaves £26,745 17s Sd to be carried forward. The reserve fund now stands at £575,000.
The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from its London house under date 3rd December, 1919:—"Tallow: No sale; small demand. Market steady." (Message delayed in transmission). •
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https://paperspast.natlib.govt.nz/newspapers/EP19191208.2.72
Bibliographic details
Evening Post, Volume XCVIII, Issue 137, 8 December 1919, Page 8
Word Count
185LATE COMMERCIAL Evening Post, Volume XCVIII, Issue 137, 8 December 1919, Page 8
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