COIMPANY AFFAIRS.

Wanganui Chronicle, Volume 86, Issue 114, 18 May 1942, Page 1

COIMPANY AFFAIRS.

The directors ol tne vvetiingion nu-i, Loan and Investment Co., Ltd., have decided, in view of recent taxation legislatioi:, not to pay the usual half-yearly dividend for the hali-year ending June 30, 1942. The Dental and Medical Supp.y Co., Ltd., have ucc.ared a dividend at the unchanged tate oi 5 per cent., payaole on dune 4. Amalgamated Wire.cas (A'asia) Ltd. have declared an interim dividend of 4 per cent, lor the half-year ended December 31. payable on June 5. Transfer books will he clofled *rom May 25 to June 5. Selfridges iN./.J, Ltd., earned a profit of £11,844 lor the year ended January 31, compared with £7948 in the previous year. Alter providing £a2.b(i for taxation, there remains a net profit ol £3563 for transfer to the appropriation account. This eliminates the debt balance of £3133 brought iorward, leaving £129 to be carried i-.i ..ard. The report say* the company is now in a position to distribute as dividend net profits earned in futuie fot the* year ended Match 19. alter providing lor taxation and bad and doubtful <kbu>. amounts to £2425, compared with £1869 last year, and £2792 the previous year. With £138.• brougnt in. there is £3Blo available. It is proposd to pay a tinal dividend of 3 per cent., making 1" per cent, for the year, unchanged, requiring £looo, and to transfer £2s'l to bad and doubtful debts reserve, making it £_’<)()('. leaving £1560 to be carried forward. stat! bonus has Ixen provided for in addition to in. urance contribution.