SCOTTISH AND NEW ZEALAND INVESTMENT COMPANY.
I At Edinburgh on the 16th inst. the meeting of the Scottish and New Zealand Investment Company will be held: In their report for the y&ar ended June 30 last the directors state that they still continue the policy of disposing of properties on hand and of collecting outstanding loans. The result of the year's operations 'has been a reduction of -the amount lent properties on hand of £3287, and of tho amount on loan of £9307. The amount advanced on properties oh hand is £20,849, and the loans now amount to , £4-146. The net income yielded by the properties was £506. The loss on realisations amounted to £1335, which has been, charged against revenue account. The directors propose to .take steps to reduce further the capital of £22,500 by repaying to the shareholders 3s per share (which will make 15s 6d per share repaid), and the necessary resolution will be submitted to an extraordinary" meeting to be held immediately after the ordinary meeting.
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https://paperspast.natlib.govt.nz/newspapers/OW19041228.2.103
Bibliographic details
Otago Witness, Issue 2650, 28 December 1904, Page 35
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170SCOTTISH AND NEW ZEALAND INVESTMENT COMPANY. Otago Witness, Issue 2650, 28 December 1904, Page 35
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