INVESTMENT TRUST, COMPANY DIVIDEND.
AUCKLAND, This Day. The second annual report covering the first period of 12 months' operations ,ot the directors of the British and Dominions Investment Trust, Ltd., Auckland states that.net profit for the year ended 31st March, after making allowances for income tax, is £5106 Is Gd. To this is added balance brought forward from last year, £602 4s id- total, £5758 5s lOd. From tins is deducted £2000, balance of preliminary expenses written off, leaving at credit of profit and loss account £3758 5s lOd. Directors recommend the appropriation as follows .—Dividend at rate of 6 per cent, on paid-up capital £3176 14s, honoraria to directors £250, and carry forward _ £331 lls lOd. By the present appropriation ot £2000 the whole' of preliminary expenses, which amounted to £3202 7s 4d, have been written off. The surplus realised on the sale of investments, £601 16s 7d, has been placed to credit of investment fluctuation reserve. i
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Evening Post, Volume CIX, Issue 116, 19 May 1930, Page 14
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159INVESTMENT TRUST, COMPANY DIVIDEND. Evening Post, Volume CIX, Issue 116, 19 May 1930, Page 14
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