INVESTMENT TRUST YEAR.
•r The National .Reliance Investment :' Trust,-Ltd., :of" Melbourne, v which: began" business, last year, 1 .largely, ; on account : of ", - the ■opportunity; of ■ investing in securities ': at; the reduced prices current, has issued ..its'; first." report, '. stating :that"92.69 per '~:'-cent, of- the capital has .been" invested in ■': bonds and-. debentures, .; .'ni pstly of ■■ early . maturity. Mhe 'accounts, cover: the period. frbjji: 14th .April, 1930 ;(when ; . the com-' : pany.wasientitledvtoi.commenc'e business) to'3lst:March,■;l93l;^'Net profit' 'earned from 'interest and dividends: was; £1343, out of. .which: the directors recommend ■'' payment of::a dividend of 2% ,per. cent. t - Preliminary, •*• ..expenses:, are .a reduced--'to , : ,£2OOO 'by|:writingS 6ff';;£2s4i'and;::£46 is ' carried forward.' Expenses;.'of' management . amount to • £637,. equal to 1.27, per cent. of,'paid-up capital. * Paid-up ~ capital ■■; is :£50,682 in 10s 'shares, and loans to the .'■ trust .with accrued interest total £21,185. - Assets of; £73,784 anclude -investments: at '■:■■ cost; .£68,184;.0f which the,market:value. at, 31st' Mardh, is stated to have,,: been .: £69,872,''; cash £465> 'securities sold but, ,:,riot delivered: £2712,:fdehtprs':£16S^arid •■■■; preliminary. expenßet):£2264. ; : , : :; >■
■'Egga^afe^ selling-: rcla'iljMn to-day at 2s<Bd 'to; 2s 10d; full size, ;2s 4d to 2s 6d;small to medium. : : : V
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Bibliographic details
Evening Post, Volume CXI, Issue 105, 6 May 1931, Page 12
Word Count
182INVESTMENT TRUST YEAR. Evening Post, Volume CXI, Issue 105, 6 May 1931, Page 12
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