B. AND D. INVESTMENT TRUST, LTD.

Sun (Auckland), Volume III, Issue 672, 25 May 1929, Page 26

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.