VICTORIA NYANZA SUGAR.
A point of particular interest for'shareholders of. Victoria Nyanza Sugar Company, Ltd., made at the annual -meeting by the chairman (Mr. S. B. Bagley); is that the directors do not intend to increase, the-.dividend beyond 15 per cent, per annunu They desire to build up a reserve 'of £100,000. Last year's earnings of the company were adversely affected by droughtan Kenya Colony, and dividends for the past year averaged 15 per cent., against 20 per cent, for the previous term. Last accounts showed reserves of only £10,921, compared , with paid capital of £300,000.
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https://paperspast.natlib.govt.nz/newspapers/EP19290312.2.137.10
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Evening Post, Volume CVII, Issue 58, 12 March 1929, Page 14
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96VICTORIA NYANZA SUGAR. Evening Post, Volume CVII, Issue 58, 12 March 1929, Page 14
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