DALGETY AND COMPANY

New Zealand Times, Volume L, Issue 11662, 29 October 1923, Page 11

DALGETY AND COMPANY

A SUCCESSFUL YEAR.

CREDIT BALANCE OF £281,063.

Australian and N.Z. Cable Association.

(Received October 28, 5.5 p.m.)

LONDON, October 27. Dalgety and Co.’s report shows a credit balance of £281,063 and tho year’s dividend 10 per cent., with a bonus of 5 per cent., both tax free. There lias been placed to tho premises account £50,000, the staff provident fund £15,000, carried forward £116,063. A feature of tho balance-sheet is tho reserve, which stands at one million, and is equal to the paid-up ordinary capital.

‘‘The New Zealand superintendent for Dalgety and Company, Limited, has received advice from tho company’s head office, London, that at the annual meeting, to be held on the loth proximo, the directors propose to deaLaro a final dividend of 5 per cent., making (with interim dividend already paid;) 10 per cent, for the year ended June 30th last, and aleo to declare a bonus of 5s per share, dividend and bonus payablo on November 16th. They also propose writing down premises by £50,000, increasing »Staff provident fund by £1:5,000, leaving the sum of £116,000 .to bo carried forward. 5 ’