RAPHAEL TUCK AND SONS
EFFECTS OF THE FIRE (From Our Own Correspondent) (By Air Mail) LONDON, Oct. 6. Profit to April 30 of Raphael Tuck and Sons was £1749 (against £9035). Profit has been adversely affected by serious fire at the company's Banner street works, in which a large amount of stock, plant and originals was destroyed or seriously damaged. No credit has been taken for a claim which
is being made under a consequential loss insurance policy, and all sums recovered thereunder will . bfc credited to profit and loss account when recovered. ■■■'..■■'* It is considered necessary to bring articles up to date in accordance with modern practice, and a special meeting has been called to obtain approval of new articles and tb alteration of preference shares of £5 each to five shares of £1 each., which the board considers' will be more convenient for marketing and will be of the same capital value as ordinary. Special dividend reserve fund investments have been written down to market value and depreciation charged to special dividend reserve, after which reserve aocounts stand as follows:—Capital, reserve. £8845; special dividend reserve, £71,063; general reserve. £48,042. The meeting at Winchester House will be held on October 26.
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Otago Daily Times, Issue 23340, 4 November 1937, Page 5
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202RAPHAEL TUCK AND SONS Otago Daily Times, Issue 23340, 4 November 1937, Page 5
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