NEW ZEALAND LOAN AND MERCANTILE AGENCY COMPANY.
The annual general meeting of shareholders in the New Zealand Loan and Mercantile Ajrency Company was held in London on Thursday, 3rd ins.t. The report and balance sheet showed that, after paying interest on delJentures and dividend of 5 per cent, on shareholders' capital, a sum of £35,000 was available for reserve *nd £195 carried forward. A further sum of £50,000, surplus on realisation of properties, has also been placed to the capital reserve ccoount, makino; the total reserves now held up t o £<00,D00. During the year the New Zealand Land Association paid a dividend of 5 per cent, and added - 0.000, surplus realised on proj-Ci'ties, to capital reserve, making total reserves held £85,000- The annual report and the directors' recommendations were adopted.
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Otago Witness, Issue 2856, 9 December 1908, Page 41
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131NEW ZEALAND LOAN AND MERCANTILE AGENCY COMPANY. Otago Witness, Issue 2856, 9 December 1908, Page 41
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