NATIONAL MORTGAGE
"AN ANXIOUS YEAR"
The "'directors' of the National Mortgage and Agency Company of New ; Zealand report, that after paying all expenses in London and New Zealand, interest on debentures,, providing for depreciation on premises, plant, and furniture, contributing £4425 to .the staff superannuation, and.provident fund, and having pre-viously-made full provision for bad and doubtful: debts, the balance.. at credit of the profit and loss account^ including ' £15,177 brought forward from last year, is £36,462; From this amount an; interim dividend at the rate .of v 7% per cent, per annum has already been, paid, and it is proposed now to pay a. further dividend at the samerate, free of income tax, and to carryforward £13,^13 to next account. The year under review (the report continues) has been an anxious and'difficult one. The values of New Zealand exports, especially wool, have experienced an unprecedented fall! These factors, naturally, have had an effect on the year's operations, and are reflected in ' the results shown in the accounts. ; The terrible earthquake calamity which occurred in the Hawkes- Bay district has, fortunately,-not-resulted in' any direct damage to the company's properties.
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https://paperspast.natlib.govt.nz/newspapers/EP19310324.2.115.15
Bibliographic details
Evening Post, Volume CXI, Issue 70, 24 March 1931, Page 12
Word Count
188NATIONAL MORTGAGE Evening Post, Volume CXI, Issue 70, 24 March 1931, Page 12
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