BRUCE WOOLLEN CO.
DIVIDEND RATE MAINTAINED The annual report of the Bruce Woollen Manufacturing Co., Ltd., states that the past year has been a difficult one, caused by a lack of confidence by buyers on account of the substantial drop in the price of wool following the previous year’s abnormal increase in the same commodity. Not withstanding, the directors report a continued demand for the company’s productions, and after making the usual provisions and writing ofii £4OOO for depreciation on plant and premises, a credit balance of £6381 13s 2d is shown, including £lOB3 10s 7d brought forward from last year. From this sum the directors recommend a dividend on the preference shares totalling £2BOO and a dividend of 3 per cent, on the ordinary shares, amounting to £3OOO, the balance to be carried forward. The dividend rate on ordinary shares last year was 3 per c-ent.
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Bibliographic details
Wanganui Chronicle, Volume 79, Issue 277, 25 November 1935, Page 11
Word Count
147BRUCE WOOLLEN CO. Wanganui Chronicle, Volume 79, Issue 277, 25 November 1935, Page 11
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