PYNE, GOULD AND GUINNESS
FINANCIAL POSITION IMPROVED. [Per Press Association. — Copyright .] CHRISTCHURCH, This Day.
The profit of Pyne, Gould, Guinness, Ltd., stock and station agents, for the year was £43,522, nearly double the amount earned in 1933. The report states that the financial position of the company’s clients has much improved, and, in spite of losses written off during the year, the reserve against < weak accounts remains practically unchanged. After paying £19,200 for interest on capital A and B perpetual debenture stock, there remains a ftredit balance for the year of £24,322. The debit balance brought forward from last year in the profit and loss account was £13,945. After writing off this amount from the year’s profit there is a credit balance of £10,376 to be-carried forward.
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Bibliographic details
Northern Advocate, 8 November 1934, Page 10
Word Count
127PYNE, GOULD AND GUINNESS Northern Advocate, 8 November 1934, Page 10
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