GOLDSBROUGH MORT CAPITAL.

Evening Post, Volume CXIII, Issue 133, 9 June 1927, Page 13

GOLDSBROUGH MORT CAPITAL.

-The directors of Goldsbrough, Mort, and' Company, Limited, announce'that, after : making provision for ascertained drought' losses »nd reservation against the lpa,ses S r and expenses still occurring, the net profits for the year ended 31st March last amounted to £329^043, compared wrthi £331,326 for the previous year. At the annual meeting, to be held ou 20th June, the board will recommend a dividend at the rate of 10 per cent, per annum for the, half-year, and a bonus of 6 per cent.',' which, with the interim dividend paid in?''December last, will make a total distribu-" 1 .tipn of 15 per cent, for the year. ThSl" directors will also recommend an increase ■m the capital of the company from £1,750,000 to £2,000,000, by the creationof 250,000 new shares of £1 each. So soon.*' as the shareholders' approval is obtained! ', to the proposal, steps willbe taken "for": the issue of the new shares, which will beoffered to members at 35s per. share in-the-" proportion of one to every seven HeIJD" Two years ago the company increased its'"' capital' to the present amount by ■ flush' issue to shareholders of 250,000 snares x>fL £1 each, at a premium of 15s per share;!:." in the proportion of.one to six held. '