COMMERCIAL
N.Z. SHARE MARKET. AUCKLAND, May 2. Sales: Bank of New Zealand 44/-; Loan 54 (1937) £99; Harbour Board, sixes, 1941, £lOl. OK AR ITO DREDGE. DUNEDIN, May 2. Okarito Dredging Company returned 41oz. 4dwt. for 112 hours of work. BANK OF N.Z. PROFIT. DROPS FIFTY PER CENT. WELLINGTON, April 30. Th directors of the Bank of New Zealand announced to-day that the profit for the year ended March 31, 1932, was approximately £587,000, a reduction of £258,000 on last year. Subject to audit, it is proposed to make the same distribution as last year. The amount to be distributed is £817,908 (including the interim divident paid in December) as follows: —Out of net profits, £587,000; out of balance of profit, £026,000; earned forward from last year, £230,968. The balance to bo carried forward to next year is approximately £395,000. The distribution w’Jl be made in New Zealand currency.
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Bibliographic details
Grey River Argus, 3 May 1932, Page 8
Word Count
149COMMERCIAL Grey River Argus, 3 May 1932, Page 8
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