N.Z. GUARANTEE CORPORATION

Wanganui Chronicle, Volume 83, Issue 244, 16 October 1939, Page 3

N.Z. GUARANTEE CORPORATION

DEC REASE SHOWN IN NET PROFIT The directors of the New Zealand Guarantee Corporation, Limited, in I heir report for the 12 months ended August 31, state that business during ihe year has been well maintaineu, land the directors have, as in the past, ' adopted a conservative policy. Tne net prolit for the year, after providing for all bad and doubtful accounts, amounted to £10,289 4s 7d. Provision has also been made lor the lull increases in taxation due to the ; Government’s war finance measures. After providing for the interim dividend amounting to £4424 15s Hu ( lor the hall-yea; ended February 28, 1939. there remains a balance of £13,246 9s 3d in the appropriation account. |From this amount the directors now ( | recommend the payment of a dividend of 2d per share, less a deduction ol j Is in the £ for social security tax. , TnL will absorb £5694 2s lid, leaving j a balance of £7612 6s 4d to be carried , forward. Three of the directors, Messrs. ’ Thorpe, Appleton, and Mac Ewan, retire m accordance with the articles { of association, and offer themselves ( for re-election. The corporation's auditors, Messrs. Watkins, Hull. , Wheeler and Johnston, offer them- ] selves for re-election. Net profit at £10,289 compares with 1 £11.269 last year, £10,675 in 1937, and 1 19377 in 1936. J INTERIM DIVIDEND NATIONAL BANK Ol AUSTRALASIA * ( The board of directors of the Na- E liona) Bank of Australasia haw ( decided to pay. on November 29, an ‘ linie.im dividend on both classes of f shares al the rate of 6 per cent, per s I annum, for the half-year ended Sep 1 11ember 30. ’ I The above cabled advice was receiv- * [ed on Friday by the National Bank ol 1 New Zealand, Ltd., which acts as New Zealand agents for the National Bans 1 of Australasia, Ltd. c The dividend is at the unchanged rate of 6 per cent, per annum. r TARANAKI OIL DEVELOPMENT ? The Taraimki 'N.ZJ Oil Develop- 1 mmit Company. No liability, has ad-L--visetl the Stock Exchange Association j. that tianster books and share regib- ~ teis will be closed from 5 p.m. on Eliday, October 20, until 9 a.m. on .Mor.- ( day. October 23, for purpose of de- r termining list ol shareholders as at t October 21. who will be entitled to f participate in full her issue of shares ( to be made by the company. Subsequent to the closing of the books a let- „ ter, together with necessary forms. J will be addressed to each shareholder registered on October 21. v