ANNUAL REPORT
NATIONAL TOBACCO CO.
HASTINGS, December 1
The annual report of the directors of the. National Tobacco Co. 'J-td,): states, that cash in hahd and at >.h9 banker® amounts to £70,315, including ■£40,000 on fixed,..fleposH, earning in- ' terest at aD average ; rate cf 4j, per cent. After 1 deducting all charges and allowing £22,000 for income fax, th?xo is a net profit of £43,411 for the year. To this must be padded the balance of £1798 brought forward from last year, jmakirg a total of £45,210. Out of this | the"' 'directors recommend again the 'dotribution of _a dividend of 15 per cent, on ordinary shares and 8 per cent. ,on preference shares, absorbing £17,896, to transfer to reserve £20,000 and •'carrv over into next year £7313. V
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Hokitika Guardian, 6 December 1932, Page 3
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128ANNUAL REPORT Hokitika Guardian, 6 December 1932, Page 3
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