SOUTHLAND FARMERS' CO-OP.
The annual report of the directors of the southland Farmers' Co-operative Association, Ltd., for the year ended 31st July, states that the gross profits for the year amount to £21,919 17s 7d, charges and working :_expenses amounting^ to. n^ 4d4. leaving a net proHt of £3200 4s 6d. Ihe directors propose to deal -with the profits as under: Unappropriated balance carried forward from last year £2825 5s lid, add net profit for year £3200 4s 6d— total £6025 ,10s sd, less depreciation in respect of year ended 31st July, 1930, £750 —total £5275 10s sd, less dividend on deposit preference shares at the rate of 5 per cent, per annum £3750/ leaving a balance to be carried forward subject to income tax £1525 10s 5 . Net profit last year was £6300, and deposit preference dividend was 7 per cent., and preference dividend 6 per cent.
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Bibliographic details
Evening Post, Volume CXII, Issue 49, 26 August 1931, Page 12
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148SOUTHLAND FARMERS' CO-OP. Evening Post, Volume CXII, Issue 49, 26 August 1931, Page 12
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