LAND MORTGAGE COMPANY
INCREASED DIVIDEND RECOMMENDED
(Special to Daily Times) AUCKLAND. Dec. 22. The accounts of the New Zealand and River Plate Land Mortgage Company. Ltd., for the year ended October 3l show a net profit of £ 32,56 b, according to cabled advice received by the local attorneys. This compares with £30,450 In the previous year, and £28,621 In 1936. An increased dividend ot 3* per cent., less British income tax of 5s 6d in the £l. will be recommended by the directors at the annual meeting in London on January 10. This compares with 3J per cent, in the previous year. The distribution will require £26.250. and £SOOO will be transferred to the reserve, leaving £25,066 to be carried forward, against £23,750 brought into the accounts.
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Bibliographic details
Otago Daily Times, Issue 23690, 23 December 1938, Page 7
Word Count
127LAND MORTGAGE COMPANY Otago Daily Times, Issue 23690, 23 December 1938, Page 7
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