Getting Away with It

Maoriland Worker, Volume 12, Issue 299, 22 November 1922, Page 4

Getting Away with It

': The National Insurance Company of •New Zealand,, on whose £5 snares only £1 is paid up and of tills oolf, 10/- by the original shareholders (tho j other 10/- was given to them for no- , thing from the i'eserves) for the year , ending September 31 last paid a dividend of 3/3 a share. In other -words, '. the dividend was 325 per cent, on tho capital put in by the original shareholders. This absorbed £$2,500. I Another £20,000 wasthen paid Into Preserve. Further, £30,398 was carried: forward. On the-year's workings ■: the amount available for distribution ; equalled about 83 per cent, ott the [total capital put in by the original ! shareholders. This Company has just from Mr. Massev A REBTXC- : TION .IN ITS INCOME TAX on ac- : count of HARD TIMES. And then the Prime Minister bawls that the Labour, ■Party is a "class _»arty!'*