THE SCOULLAR COMPANY
Directors, of the Seoullar Company, Ltd., furnishers, Wellington, reported for the year ended 30th April, 1930, a net profit of £4112 5s Id, and with' the balance brought forward from last year, £3596/ 5s lOd, there was. available, for distribution £7708 10s lid. The directors recommended payment of a dividend of 8 per cent., amounting to £3051 4s, .leaving a balance ■>f £4657 6s lid, which was carried forArard, subject to payment of income tax, bonus to staff, and directors' fees. The recent Government valuations disclosed the fact that in its freehold propertien the company holds a substantial reserve -the Government figures being 38 per cent, higher than book . values. This difference, when added to the other reserves, and unvidided profits shown in tbe balance-sheet, equals 57% per cent. o£ tl c paid-up capital of the company. The report and balance-sheet were adopted at a cull meeting of shareholders The Hon. T. Shailer Weston, M.L.C., and Mr. S. M. Hobbs were re-electod directors. The auditor, Mr. J. W. Jack, F.P.A. (N.Z.), was also re-elected.
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Bibliographic details
Evening Post, Volume CIX, Issue 139, 16 June 1930, Page 12
Word Count
177THE SCOULLAR COMPANY Evening Post, Volume CIX, Issue 139, 16 June 1930, Page 12
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