SUBSTANTIAL PROFITS
FARMERS’ TRADING COMPANY A GOOD YEAR’S WORKING. [Per Press Association.] AUCKLAND, May 20. The annual report of the Farmers’ Trading Co. states that the net profit, after writing off £5109 in depreciation, and making ample provision for bad debts and valuing stock on a conservative basis, was £50,2 4(6 to which has to be added £409 from the previous year, making £50,655. The directors recommend the payment of dividends of 6 per cent, on A and B preference shares and 8 per cent, ion ordinary shares, absorbing £20,500, and transferring £soo*no the building depreciation reserve. This will leave a balance of £25,155 to be carried forward, fchich the directors remark is more than enough to pay another year’s dividend, so that in effect the company has earned two years’ dividend in one year.
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Bibliographic details
Wanganui Chronicle, Volume LXXXIII, Issue 19847, 23 May 1927, Page 6
Word Count
135SUBSTANTIAL PROFITS Wanganui Chronicle, Volume LXXXIII, Issue 19847, 23 May 1927, Page 6
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