PERPETUAL TRUSTEES AND AGENCY

Sun (Auckland), Volume IV, Issue 986, 31 May 1930, Page 11

PERPETUAL TRUSTEES AND AGENCY

From Our Own Correspondent DUNEDIN, Friday. The annual report of the Perpetual Trustees, Estate and Agency Company, Ltd. states that the amount brought forward from the previous year was £4 S7S, from which has since been paid income tax for that year, interim dividend and the company’s contribution to the cancer campaign fund, leaving a balance of £1,634. The profit for the past year amounts to £2,913 and the available balance is therefore £ 3 547 from which the directors recommend the following appropriations: Dividend on paid-up capital (£22,5001 at 15 per cent, per annum for the halfyear ended April 30, £1,687 10s; to reserve fund, £2,000; to staff benefit fund, £750; writing off Dunedin premises and office furniture, £210; leaving £4,899 to carry forward, subject to income tax for the year just ended. In addition to the regular dividend of 15 per cent, the company last year paid a bonus dividend of 2s a share, making the shares paid up to 18s. of which 10s 6d represents bonus additions.