B. AND D. INVESTMENT TRUST, LTD.
PROFIT ON FIRST FOUR MONTHS ( With active operations covering a i ! period of about four months, the first : annual report and balance sheet of the j British and Dominion Investment Trust, Ltd., shows a net profit of £i,99S. From ' I this amount £1,202 has been applied to ! I write down preliminary expenses, leaving ! a balance of £796 at credit of profit and | loss account. As the company’s year will end on j March 31 in future, a dividend at the rate j of 5 p.c. per annum from the due date of j j payment of instalments to March 31, j 1929, lias been declared, and will be I credited against future calls. The balance sheet shows that of the i nominal capital, £500,000, the company j has issued £24,535 10s, of which £21,759 ! has been paid up. the balance jepresenti ing calls owing. Calls have been paid in advance to the amount of .C 1.503. De- : posits and sundry creditors total £9,105. ! Assets comprise investments at cost £14,375, and cash at call and in hand £17,118. Brokerage and preliminarv ex- , ‘ penses totalling £3,202 have been written down in the balance sheet by the ap- | , propriation of profits to £2,000. The profit and loss account shows receipts from underwriting, brokerage, dividends, and ; interest, £2,333 16s 3d, against which is I ' harped £335 for administration expenses and licence fee.
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Bibliographic details
Sun (Auckland), Volume III, Issue 672, 25 May 1929, Page 26
Word Count
234B. AND D. INVESTMENT TRUST, LTD. Sun (Auckland), Volume III, Issue 672, 25 May 1929, Page 26
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