PROFITS INCREASE
NEW ZEALAND AND RIVER PLATE Increased net profit amounting to £28,621' is shown in the accounts of the New Zealand and River Plate Land Mortgage Company, Limited, for the year ended October 31, according to information cabled from London to the Auckland attorneys. An annual dividend of 3 per cent, unchanged, less British income tax, at 4s 9d in the £, will be recommended by the directors at the annual meeting to be held in London on January 12. £21,000 will thus be paid out in dividends, £5000 added to reserve, leaving £22,800 to be carried forward. Results for the past three years compare as follows: —, 1934. 1933. 1936. Brought forward .. 42.251 37,344 20.1 79 Xet profit 16,093 23,835 28,621 58,344 61,179 48,800 To reserve — 20,000 5,000 Dividend, 3 p.c. ... 21,000 21,000 21,000 Carried forward .. 37,344 20,179 22,800 A dividend of 9 per cent, was paid from 1928 to 1931, inclusive, but this was reduced to 7 per cent, in 1932, 5 per cent, in 1933, and 3 per cent, in 1934.
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Evening Post, Volume CXXIII, Issue 2, 4 January 1937, Page 12
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173PROFITS INCREASE Evening Post, Volume CXXIII, Issue 2, 4 January 1937, Page 12
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