MASON STRUTHERS LIMITED

Timaru Herald, Volume CXLII, Issue 20504, 24 August 1936, Page 14

MASON STRUTHERS LIMITED

DIVIDEND UNCHANGED A balance to the credit of profit a loss account of £6413 1 11 is shoi in the account of Mason, Struthf and Co., Ltd., for the year ended Ju 30, 1936. In their report the directors state’ “Unfortunately the increased la and income tax as suggested in t Budget does not allow your directc to propose the payment of a larg dividend as had been hoped for. Th« proposals necessitate an additior payment for land tax of approximate £lOOO. Your directors therefore i commend that the amount £6930/4/7 standing to the credit of pi fit and loss account, which indue £517/2/8 brought forward from t previous year be dealt with follows: Transfer to land and incoi tax reserve for this year’s assessmei £3450; payment of 3 per oe dividend on paid up share capit £3300; carry forward, £lBO/4/7; ma ing a total of £6930/4/7. “During the year a satisfactory of was received and accepted for t Auckland branch Customs Stn property, and stock which could i be moved economically to Chri; church and Wanganui was realised.’ Items of the balance-sheet compj as follows: —

At June 30 1935. 193( LIABILITIES— £ £ Paid capital 110.000 110.( Sundry creditors 9,342 9,( Provis. bad debts, interest, etc 4.964 4.1 Staff super, fund .. 3.996 3.1 Reserve account 29,000 29,( Profit and loss .. .. 3,817 6,5 ASSETS — Properties 71.895 73,Plant, etc 7,711 5J Stock 66,254 64.' Sundry debtors .. .. 15,259 20,(