LOAN AND MERCANTILE.

New Zealand Herald, Volume LX, Issue 18571, 1 December 1923, Page 9

LOAN AND MERCANTILE.

DIVIDEND OF 4* PER CENT. * JBI TmUMBAPH.—MtESS ASSOCIATION.) WELLINGTON, Friday. The New Zealand Loan and Mercantile Agency is advised by its London office that the annual meeting will be '•' December 13. The revenue count shows a net credit balance of £160,582. After charging debenture stock interest, £ 63,000, there remains £92,582. to which must, be added £18,448. (brought forward from last year, making a total of £111,031. The interim dividend paid on preference stock and dividends proposed now to be paid- will absorb £90,000, leaving £21,031 ia carrv forward. The dividends proposed are the final dividend on preference stock of 2i per cent., less English income tax of 2s 2Jd in the pound, and on ordinary stock 4 per cent., free of English income iax. ' '"*

Following is a comparison of- the company's results and dividends for the last three years:— y 1921. 1922. 1923. ££ £ ■ Brought forward 23,49-2 17.305 18.448 Net profit . . 16.187* 28,857* 92,582 Prom reserve .. 100,000 100,000 \.' —, . Total .. £107,305 £88,448 £111,081 Dividends— Pref., 5 p.c. . . 60,000 50,000 50,000 Ordinary p.o? .4 3 4 Amount .. 40,000 20,000 40,000 Carried forward £17,305 £18,448 £21,031 .'Loss,

LONDON MEAT QUOTATIONS. Messrs. Dalgety and Company, Limited, are, in receipt of the following cable? from their head office. London, under date November 29:—New Zealand prime crossbred lamb: Canterbury, heavy 9id. light lid; North Island, heavy Bjd, light 101 d.-Demand is principally for light weights; market dull. New Zealand crossbred mutton: North Island, heavy 73, light 7Jd. The demand, ia steady. New Zealand prime ox beef: mnds 4id. fores 3}d. Demand for New Zealand beef runs principally on forequarters.