Page 8 Advertisements Column 1

Sun (Christchurch), Volume I, Issue 110, 15 June 1914, Page 8

Company of N.Z., Limited A Fifteen per cent Distribution DUNEDIN, June 2. The Annual Meeting of Shareholders was held to-day, when the following Eeport and Balance Sheet were adopted:— Thirtieth Annual Eeport of the Directors of the Perpetual Trustees Estate and Agency Company of New Zealand, Limited, To be submitted at the Annual General Meeting of Shareholders, to be held at the Registered Office of the Company, Rattray Street, Dunedin, on Tuesday, June 2, 1914, at 11 a.m. The Directors have pleasure in submitting their Thirtieth Annual Eeport and Balance Sheet. The profit for the year amounts to £2526 10/9, which, added to £2BBO 6/3 (being amount brought forward from previous year), shows an available balance of £5406 17/-. Out of this an interim dividend at the rate of 12$ per cent, per annum was paid for the half-year ended October 31, 1913, which absorbed £585 18/9, and the Directors now recommend that the balance, £4820 18/3, be dealt with as follows: To Payment of a Dividend at 12$ PER CENT, per "annum for Half-year ended April 30, 1914 „ Bonus of 2i PER CENT, for Year ended April 30, 1914 „ Reserve Fund „ Bonus to Staff ~ „ Carry forward to next year £ s. d. 585 18 234 7 500 0 196 8 3304 3 Messrs Eobert Glendining and Donald Reid are the retiring Directors, and, fcoth being eligible, offer themselves for re-election. Messrs William Brown and Co. and Mr George Blytli, the Auditors, also retire, but offer themselves for re-election. T. W. KEMPTHORNE, Chairman of Directors. BALANCE SHEET OP THE PERPETUAL TRUSTEES ESTATE AND AGENCY COMPANY OF N.Z., LIMITED, FOR THE YEAR ENDED SOtli APRIL, 1914. Liabilities. £ s. d. £ s. d. Xo Capital—--25,000 shares £i 5s Less Uncalled — 25,000 shares £3 17a 6d at at 106,260 0 0 96,875 0 0 Reserve fund to balances due by Company .. Profit and loss - 9,375 0 11,000 0 14,045 7 4,820 18 £39,241 5 7 Assets. £ s. d. By office furniture .. .. 112 16 2 " Cash in bank and on deposit 3,796 19 9 " Debentures .. .. 11,000 0 0 " Mortgages and accrued interest and leasehold and buildings .. .. .. 11,780 6 6 " Balances due to Company 12,551 6 2 £39,241 5 7 PROFIT AND LOSS ACCOUNT. f© stationery and advertising (including special agency advertising) , • • f Bent, salaries, director* and Auditors' fees, office expenses, etc. .. • • ' • • • • w License fees and land ana income tax .. •' Interim dividend to 81st Oct., 1913 .. ... .«i f Balance £ ». d. 114 7 8 2,777 16 229 8 585 18 9 4,820 18 3 By balance from last year Less dividend for six months to 30th April, 1913 .. 585 18 3 " Bonus to shareholders .. .. 234 7 6 " Transferred to reserve fund .. 500 0 0 " Bonus to staff .. 173 13 0 4,374 5 0 1,493 19 3 Commissions Interest and discount Transfer fees £8,528 8 , 0 2,880 6 8 8,977 7 11 1,668 6 4 2 7 8 £8,528 8 0 We certify that all our requirements as Auditors of The Perpetual Trustees Estate fcncl Agency Company of New Zealand, Limited, liflvc been complied with, and we now report that the above Balance Sheet is drawn up in proper form, and exhibits a true and correct view of th® affairs of the Company as shown by the books. The mortgages and other securities held on behalf of clients have been examined and found in order. ClUie&A, Mar 13th, VvM. BROWN and CO. F.1.A.N.Z., GEORGE BLYTH, F.P.A. (N.Z.) " Auditors.