UNION STEAM SHIP'S YEAR
The Union Steam Ship Company of New Zealand, Limited, records a profit of £172,262 for the year ended September 30, compared with £175,938 ih the preceding year. Dividends on the 5J per cent, preference capital required £110,000, and an ordinary dividend of 6 per cent, took £60,000. Five per cent, was paid on ordinary capital in 1936-37. Included in the balance-sheet items at September 30 were the following:— Shipping property, etc., £4,827,533; debtors, £353,450; cash on hand and at bank, etc., £97,032; paid capital, £3,000,000; reserves, £150,000; insurance funds, £986,018; bills payable, £580,445; creditors, £1,207,582; and profit and loss account (credit), £230,300. All the company's ordinary shares are held by the Peninsular and Oriental Steam Navigation Company. The 6% per cent, preference are quoted by the New Zealand Stock Exchange.
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Bibliographic details
Evening Post, Volume CXXVII, Issue 8, 11 January 1939, Page 12
Word Count
134UNION STEAM SHIP'S YEAR Evening Post, Volume CXXVII, Issue 8, 11 January 1939, Page 12
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