NEW ZEALAND AND RIVER PLATE COMPANY.

New Zealand Herald, Volume XLVIII, Issue 14586, 24 January 1911, Page 6

NEW ZEALAND AND RIVER PLATE COMPANY.

[from our. OWN CORRESPONDENT.]

London, December 16. The report is just out of the New Zealand and River Plate Land Mortgage Company, whose 27th annual general meetingis announced for. an early date in the coming year. The net profit for the year ended October 31 last, exclusive of the amount brought forward from the preceding year, amounts to £45,723,' and compares with £46,500 for the year ended October 31, 1909, being a decrease of £777. By the addition of £5565 brought forward from the preceding year, the balance to the credit of profit and loss account amounts to £51,288. Out of this sum an interim dividend of four per cent, for the half-year ended April 30, 1910, was paid, amounting to £12,000, and leaving a sum of £39,288 which the directors recommend should be""applied as follows :— To payment of a dividend of four per cent, (making with the interim dividend of four per cent, a total distribution of £24,000, being eight per cent, for the year) £12,; to reserve (making that fund £310,000) £20,000; to be carried forward; £7288. The retiring director will be Mr. T. H. Jones, who offers himself for re-election.