"Wilsons 'Cement
REDUCED CAPITAL PROPOSED
The secretary of Wilson's (N.Z.) Portland Cement, Ltd,, telegraphed yesterday to the Stock Exchange Association as follows:—At a meefing held today, the directors decided to recommend to shareholders at the annual meeting, to be held on June 7, the payment of a final dividend for the year ended March' 31 last of one shilling per share. It was- also decided to recommend that .the capital of the company,- be reduced by £300,000 to IDs per share by returning to shareholders 10s per share iin the form of' 3Vs per cent., free of, income tax, New Zealand Government inscribed stock in the proportion of £102 stock for each £100 of capital reduction,, with cash payment for amounts under £5 or for fractions over'multiples of £5.
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https://paperspast.natlib.govt.nz/newspapers/EP19330504.2.108.10
Bibliographic details
Evening Post, Volume CXV, Issue 103, 4 May 1933, Page 14
Word Count
129"Wilsons 'Cement Evening Post, Volume CXV, Issue 103, 4 May 1933, Page 14
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