Timber Company’s Improved Earnings
[Special to “Northern Advocate”] ■ AUCKLAND, This Day. The Leyland-OTBrien Timber Company, Ltd., reports improved earnings for the year ended September 30. Profit was £10,524, against £8295 in the previous year. With £22,897 brought in, the directors have available £33,421, out of whch it is proposed to pay a dividend of 1/- a share (free of income tax), requiring £6OOO, directors’ honoraria, totalling £475, and land, income and social security tax of an unstated amount, and to carry the balance forward.
During the year ,a repayment of capital to the extent of 5/- a share was made. Thus the rate of dividend proposed is 6 2-3 per cent per annum, against 5 per cent previously.
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https://paperspast.natlib.govt.nz/newspapers/NA19391109.2.90
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Northern Advocate, 9 November 1939, Page 7
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118Timber Company’s Improved Earnings Northern Advocate, 9 November 1939, Page 7
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