HARRISONS AND CROSFIELD, LTD.
The accounts for the year to 30th June last of Harrisons and Crosfield, Ltd., the London plantation agents, merchants, and importers, with whom are associated Harrisons, Ramsay, Pty., Ltd., in New Zealand, exhibit, according to mail advice, a net profit of £343,031, against £325,552 for 1926-27. After providing for preference and preferred dividends the board paid a final dividend of 25 per cent, on deferred shares, making '35 per cent., as against 40 per cent, last year. The final payment oh the deferred absorbs £72,839, and a similar amount is distributed on the £25,000 management capital, making a total distribution of £75,339 on the latter. It is proposed to again add £20,000 to reserve, and to carry forward, £96,993, against £89,080 brought in. The company has opened a branch at Toronto. The board states that profits have been affected by the decline in the price of rubber due to the Government's decision to abandon the regulation of exports from Malaya and Ceylon, but that the expansion of general business in other directions has continued with satisfactory results.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19281116.2.135.16
Bibliographic details
Evening Post, Volume CVI, Issue 112, 16 November 1928, Page 12
Word Count
181HARRISONS AND CROSFIELD, LTD. Evening Post, Volume CVI, Issue 112, 16 November 1928, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in