WILLIAMS AND KETTLE LTD.

Pahiatua Herald, Volume XXXVIII, Issue 11471, 16 June 1930, Page 7

WILLIAMS AND KETTLE LTD.

A SATISFACTORY YEAR. In their annual report, the directors ol William's and Kettle. I ,t<l., Napier, congratulate 'shareholders on the satisfactory result of the past year’s working. The net profits ior the year, alter providing for all nee* cssary depreciations, bad debts, and income tax, amount to £15,383 4s 2d. to which has to be added the undivided balance from bust year. £16,900 3s lOd. The total available for allocation is £32,283 Bs. During the year rebates have been made to shareholders on nil goods purchased, 5 per cent, on land commissions, and 10 per cent, on other commissions. The directors now recommend that the balance available for allocation be appropriated as follows: In payment of a divide,nd at tbe late of 7 per cent, per annum and 1 i>ei cent, bonus on capital, and the balance carried forward. bast year the net profits, after providing lor all necessary depreciations. had debts and income-tax, amounted to £18.694 16s lid, to which had to be added the undivided b:\l-ncc from 1928 £16.813 16s 4d. waking the total livaflitMe for allocat'on £35.503 13s 3d. The balance available for allocation was appro--pl'iaf as follows:—T|n nayment of dividend St the rate ef 7 per cent, '-cr annum. ' per cent, bonus on cap'tal, and the. balance carried