FINANCE COMPANY'S YEAR
Directors of the New Zealand Investment, Mortgage, and Deposit Company, Ltd., Wellington, report for the year ended March 31. that after setting aside £2166 18s 7d to cover increased taxation, including the additional imposts levied after the close of the previous year's accounts, the net on' the year's business m £1944 12s lid. to which must be added £2377 16s Id. brought forward from last year, making available a total ■oi £4322 9s. An interim dividend at the rate of 2 per cent., amounting to £710, was declared and paid for the haltyear. September 30, 1940, leaving £3612 9s to be dealt with. The directors recommend payment of a further dividend at the rate of 3 per cent., making 5 per cent., (free of income, social security, and national security taxes) for the year ended March 31 1941. which will absorb £1065; that reserve stand unchanged at £18,000, and the balance of £2547 9s be carried "Mr* G. Coleman Phillips, director, retires and, being,eligible, offers himself for re-election. Messrs. Henry Kember and Son offer themselves for re-election as auditors. i
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19410419.2.121.4
Bibliographic details
Evening Post, Volume CXXXI, Issue 92, 19 April 1941, Page 12
Word Count
183FINANCE COMPANY'S YEAR Evening Post, Volume CXXXI, Issue 92, 19 April 1941, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in