DENTAL AND MEDICAL SUPPLY COMPANY.
Directors of the Dental and Medical Supply Company, Ltd., Wellington, report for 12 months ended March 3J profit on the year's trading (excluding taxation) is £7818 19s Bd, compared with £6189 for 1940. With the balance brought forward after paying taxes and adding £200 to insurance reserve, the sum of £7684 18s 2d is available The directors recommend payment of 5 per cent, dividend (as last year), which will absorb £2889 18s and leave £4795 0s 2d to carry forward against this year's taxes. Social security and national security tax on dividend will be paid by the company. The result of the year's trading was described as satisfactory. In addition to making increased sales during the year, the company has been able to build up stocks substantially, thus safeguarding the immediate future, to some extent, against the possibility of the war conditions more seriously interrupting supplies from overseas Stocks nave been prudently valued, ample provision made for bad and doubtful debts, and depi-eciation of fixed assets has been provided for at the usual rates. The retiring director, Mr. A. E. Allison, offers himself for re-election.
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Bibliographic details
Evening Post, Volume CXXXI, Issue 117, 20 May 1941, Page 4
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190DENTAL AND MEDICAL SUPPLY COMPANY. Evening Post, Volume CXXXI, Issue 117, 20 May 1941, Page 4
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