DONAGHY’S ROPE
DIVIDEND OF 81 PER CENT. The final dividend of Is a share recomended by the directors of Donaghy’s Rope and Twine Company, Limited, Auckland and Dunedin, together with the interim dividend ol 9d a share paid on the higher capital, ‘makes the year’s distribution equal tc Is 9d a share, or 82 per cent. This compares with 10 per cent, in the previous year paid on the lower capital. 'Phe company earned a net profit ol £4229, as against £5917 in the previous year. Proposals to increase the capita: from £47,000 to £75,000, and to increase the fixed assets to the extent of £11,750, were adopted at a special meting of shareholders in August last year. The meeting authorised ;i bonus issue of 11,750 shares, each £1 fully paid, in the proportion of one share for each four existing shares.
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Bibliographic details
Wanganui Chronicle, Volume 80, Issue 109, 11 May 1938, Page 11
Word Count
142DONAGHY’S ROPE Wanganui Chronicle, Volume 80, Issue 109, 11 May 1938, Page 11
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