HALLENSTEIN BROS., LTD.
A reduction in net profit to £15,964 is revealed in the accounts of Halenstein Bros., Ltd., for the half-year to June 30, compared .with £18,202 for the same period in tne previous year. Total credit to profit and loss appropriation account, including the amount brought in. is £107.954, from which the directors recommend the transfer of £28,000 to stock depreciation reserve, the transfer of £50,000 to dividend equalisation reserve, the payment of a final 21 per cent, dividend on preference and ordinary shares, requiring £8375, and a carry-forward of £21,579.
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Otago Daily Times, Issue 27157, 12 August 1949, Page 9
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93HALLENSTEIN BROS., LTD. Otago Daily Times, Issue 27157, 12 August 1949, Page 9
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