INTEREST ON SHARES.
NORMANBY DAIRY COMPANY. FOUR PER CENT. PAID. At th© annual meeting of the Normanby Dairy Company, the question of interest on shares was discussed. Tins has been a. theme of much contention in dairy circles. Th:? question wa®. given much consideration, and eventiuaily it was .resolved to pay four per cent. An amendment to pay six per cent, was lost on the voices.
Tn reply to a. question. All-. Preston said that income tax would have to lie paid- on the extra 2 per cent, if the higher rate wen? adopted. He added! ‘hut it was jiiist -taking out of one pcipket to nut into another.
Mr. Gail©: And incidentally helping lit" Government.
They would pay, said the secretary, on the amount paid up for the season, irrespective of the number of .‘-'hares.
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Hawera Star, Volume XLVII, 7 August 1928, Page 9
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136INTEREST ON SHARES. Hawera Star, Volume XLVII, 7 August 1928, Page 9
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