BRUCE WOOLLEN DIVIDEND.
The year has been an abnormal one in that the fluctuation in wool prices has had the effect of making trading conditions very uncertain, states the thirtyseventh annual report of the Bruce Woollen Manufacturing Co., Ltd. Sales hliow a substantial increase compared with the previous year. After writing oir £4000 for depreciation on plant and premises, the balance, including £729 Is carried forward from last year, amounts to £CSS3 10s 7d. The directors recommend that the dividend on preference capital, amounting to £2800, and also that a dividend of 3 petcent, on ordinary capital, amounting to £3000, be paid, and that the balance of £10S3 10s 7d be carried forward. The dividend last year was 2'A per cent, and was the fivst paid to ordinary shareholders for seven years. j
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Evening Post, Volume CXVIII, Issue 93, 17 October 1934, Page 3
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133BRUCE WOOLLEN DIVIDEND. Evening Post, Volume CXVIII, Issue 93, 17 October 1934, Page 3
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