VICTORIA NYANZA SUGAR.
Directors of Victoria Nyanza Sugar Company, Ltd., a company in which there is a fair shareholding in New Zealand, report that "owing to the world-wide depression, they have decided not to pay the usual dividend, although sufficient profits have been earned. Accounts to 30th April, 1930, show that, with £4258 brought forward, there was a profit of £75,575, out of which £30.000 was paid in interim dividends, £20,572 was allocated to depreciation, £15,000 was transferred to reserve, and £14,261 was carried forward. Previously the rate of dividend was 15 per cent, per annum. I'rofit for the previous year was £79,342.
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https://paperspast.natlib.govt.nz/newspapers/EP19310217.2.100.17
Bibliographic details
Evening Post, Volume CXI, Issue 40, 17 February 1931, Page 12
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103VICTORIA NYANZA SUGAR. Evening Post, Volume CXI, Issue 40, 17 February 1931, Page 12
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