Loan And Mercantile Profit Up £34,000
Net profit of the New Zealand Loan and Mercantile Agency Company, Ltd., for the year ended June 30, was £158,000 sterling an increase oi £34.030. A bonus of 2 per cent is again added to the ordinary dividend of G per cent, making 8 per cent for the year unchanged. After deduction of United Kingdom income tax at 9/- in the pound, oi which there may be recoveries, the New Zealand investor will receive £4 8/- per cent. Unchanged preference dividend of 1 per cent is reduced by taxation tc £2/15/- per cent. The ordinary dividend and bonus and the final preference distribution of 21 per cent arc payable in New Zealand on January 11. ex December 18.
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https://paperspast.natlib.govt.nz/newspapers/NA19481130.2.143
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Northern Advocate, 30 November 1948, Page 9
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124Loan And Mercantile Profit Up £34,000 Northern Advocate, 30 November 1948, Page 9
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