N.Z. LOAN COMPANY
LAST YEAR’S TRADING
(Per Press Association.) WELLINGTON, this day
The New Zealand Loan'and Mercantile Agency Co., Ltd., lias received a cablegram from its London office intimating that the company will hold its annual meeting in I/mdon on December 9. The revenue account shows that after paying taxes £53 ,492 3s lOd, writing oil premises £IO,OCO, making provision forbad and doubtful debts, and charging debenture and stock interest, there is a balance of £135,640 13s sd. A sum of £IO,OOO has been appropriated to the staff benevolent fund, and interim dividends paid on preference and ordinary stock, and dividends now proposed to he paid, will absorb £120,000. After including the amount brought forward from last year, £39.645 12s IGd, there will he £45,286 6s 3d to be -carried forward. The dividends proposed are a final dividend on preference stock of per cent., and on ordinary stock a final dividend of 4 per cent., both less 2s in {-lie £ in respect- of English income tax.
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https://paperspast.natlib.govt.nz/newspapers/PBH19261127.2.113
Bibliographic details
Poverty Bay Herald, Volume LII, Issue 16202, 27 November 1926, Page 15
Word Count
166N.Z. LOAN COMPANY Poverty Bay Herald, Volume LII, Issue 16202, 27 November 1926, Page 15
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