MACDUFFS, LTD.
PREFERENCE SHAREHOLDERS (Per United Press Association) WELLINGTON. Feb. 5. Macduffs, Limited, have advised the Stock Exchange Association that its directors recommend the payment of a dividend to preference shareholders at the rate of 6 per cent, per annum for the period ended September 30, 1938. This represents a dividend of 4i per cent, off arrears, plus or minus small amounts according to the dates' the shares were subscribed for and paid up. MARATHON RUBBER FOOTWEAR, LTD. (Per United Press Association) CHRISTCHURCH, Feb. 5. For its first year of operation to October 31, Marathon Rubber Footwear. Ltd., showed a profit of £7298. Allowing £2341 depreciation, £2300 for Income tax, £3OO for directors’ fees, and writing off £461 for preliminary expenses, there is a balance left of £1896. A dividend of 6 per cent., off which social and national securitv tax is deductable, will absorb £1063, leaving £B2B to carry forward. This undertaking is entirely new to the Dominion. The directors report that sales steadily Increased in the second half of the year.
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Bibliographic details
Otago Daily Times, Issue 24525, 6 February 1941, Page 2
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173MACDUFFS, LTD. Otago Daily Times, Issue 24525, 6 February 1941, Page 2
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