THE DIRECT IMPORTING COMPANY.
BY TELEGRAPH.— PRESS ASSOCIATION.! Dunedin, Friday. At the annual meeting of the Direct Importing Company, Mr. Hallenstein, chairman, stated that the net profit was £9733 as against £7300 last year, for which the company was mainly indebted to the new branch at Wellington, where tho turnover had been larger than during the first year at either Christchurch or Dunedin. A dividend of 7£ per cent, and a bonus of 4 per cent, on shareholders' purchases were declared, £2500 added to the building sinking fund, and the whole of preliminary expenses, amounting to £1616, were written off, tho directors preferring this to paying a higher dividend and bonus. General satisfaction was expressed at the manner in which the directors and managers had conducted the increasing business of the company.
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New Zealand Herald, Volume XXIX, Issue 9010, 15 October 1892, Page 5
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132THE DIRECT IMPORTING COMPANY. New Zealand Herald, Volume XXIX, Issue 9010, 15 October 1892, Page 5
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