MILBURN LIME
DIVIDEND UNCHANGED (By Telegraph.) (Special to • the "Evening Post.") DUNEDIN, This Day. A net profit of £19,828, against £23,750 last year and £16,260 in 1937, is recorded in the annual report of the Milburn Lime and Cement Company for the year ended July 31. The dividend is unchanged at 8§ per cent. The directors' report states that the profit and loss account, after writing off depreciation and making provision for income tax for the current year, shows a credit balance of £27,498, including £7670 carried forward from last year. After payment of an interim dividend, the directors recommend that the balance of £19,998 be dealt with by the payment of a final dividend, absorbing £10,000; provision for new plant, £2000; and the balance, £7998, to be carried forward.
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Bibliographic details
Evening Post, Volume CXXVIII, Issue 64, 13 September 1939, Page 4
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130MILBURN LIME Evening Post, Volume CXXVIII, Issue 64, 13 September 1939, Page 4
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