PICTURE PROFITS DOWN

Evening Post, Volume CXII, Issue 102, 27 October 1931, Page 12

PICTURE PROFITS DOWN

Directors of the Dominion Picture Theatres Co., Auckland, report, a net profit for the year ending 30th. September of £1110, compared with £3112 for 1030 arid £3275 for 1929. Interim dividends at the rule of Vh per cent, per annum on preference capital and 5 per cent, per annum on ordinary capital were paid for the half-year ended March last, absorbing £1171, leaving a balance at the credit of the profit and loss account of £512. From this the directors recommend payment of a further dividend of 9tl a share on preference shares, making Vh per cent, for the year, leaving £373 Us 3d to be carried forward, as against £573 brought into the accounts. The directors express regret that they cannot recommend a final dividend- on- ordinary shaves, A Bum of £357 .had. been 'written ot! the company's buildings by way; of: ■ depreciation. The building and theatre .' had been maintained in good order, but rentals had had to be materially reduced to meet the present economic conditions. the retiring directors. Messrs. It. T. Michaels and W. S. Whitley, ani olfcvinj: themselves for re-election. CHEESE MARKET FIRM. : Me>srfi. Joseph Xath;m and Co., Ltd., have received the following m:irkot report from -Messrs. TrengraifC and Niithnn, • Ltd., London, dated 26th October: "New Zealand cheese, 60n per cwt; market firm,"