EQUITABLE BUILDING
DIVIDEND OF 2h PER CENT.
In their annual report, the directors of the Equitable Building and Investment Company of Wellington, Ltd., state that after transferring £4714 13s 6d to thcsecurities depreciation reserve, the profit for the year amounted to £1575 10s Bd, which, with the balance brought forward from the previous year of £1034.. 18s 2d, makes a balance of £2610 8s lOd available for appropriation. The directors recommend that a dividend equivalent, to 2% per cent, per annum on the paid-up capital be paid for the year, and that the balance be carried forward to next year. ' , Messrs. A: D. Crawford and Wm. Ferguson resigned; from the board early in the year, and Messrs. Malcolm Eraser and R. P. Stewart were appointed in their places; Mr. Malcolm Fraser being appointed ma:naging director. Sir Harold Beauchamp and Mr. K. P. Stewart are the. retiiMng directors, and being eligible offer themselves for re-election. Mr. E. A. Liddle resigned from the position of secretary to the company, and Mr. JS. W. Heyhoe lias been appointed secretary and accountant. Messrs. E. W..,: Bucholz and. W.. S. Wheeler, the retiring auditors, offer.themselves for re-election, o. ,
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https://paperspast.natlib.govt.nz/newspapers/EP19350207.2.141.18
Bibliographic details
Evening Post, Volume CXIX, Issue 32, 7 February 1935, Page 14
Word Count
193EQUITABLE BUILDING Evening Post, Volume CXIX, Issue 32, 7 February 1935, Page 14
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