ZINC CORPORATION, LTD.
DIVIDEND ALLOCATIONS p.A. WELLINGTON, May 28. Zinc Corporation, Limited, has received information from London advising that the net profit is approximately £459,000 compared with £290,745 for the previous year. The directors have allocated £IOO.OOO to the general reserve and £20.000 to the profits equalisation reserve, and will recommend the payment of a final dividend in respect of 1947 of 7s 6d (English currency) for each 10s ordinary share and each £1 unit of ordinary stock. Income tax is deductable at 9s in the £l. This dividend, with the interim dividend paid on February 21, makes the total distribution for 1947' of 10s gross per share or unit of ordinary stock. The directors have also declared dividends of 23 per cent, on both 5> cumulative and redeemable preference stock and 5) per cent, on cumulative preference stock.
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Otago Daily Times, Issue 26784, 29 May 1948, Page 3
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139ZINC CORPORATION, LTD. Otago Daily Times, Issue 26784, 29 May 1948, Page 3
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