ANDERSON’S LIMITED
For the year ending March 31, 1935, this engineering company reports that trading conditions have greatly improved. An increase in the demand for the company’s products was accompanied by a reduction in the working costs and thus a greater margin of profit was obtained. Stocks have been carefully valued and obsolete and slow selling lines have been taken in at low figures. A general reorganisation of the Christchurch works has been completed. The accounts show that a net profit of £8217/15/10 has been made. The directors recommend that 2.8 per cent, arrears of dividend on first pref. shares be paid. This will absorb £1400; 5 per cent, on first preference shares, £2500; 5 per cent on second preference shares, £890; two and a-half per cent on ordinary shares, £825; income tax reserve, £800; dividend equalisation reserve, £ISOO. The balance, £302/15/10 is carried forward.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THD19350508.2.23
Bibliographic details
Timaru Herald, Volume CXXXIX, Issue 20102, 8 May 1935, Page 5
Word Count
145ANDERSON’S LIMITED Timaru Herald, Volume CXXXIX, Issue 20102, 8 May 1935, Page 5
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