:NORTHERN ROLLER Mil ’.ING PROFIT IT With a net profit of £26.240, accounts of I the Northern Rol'er Milling Co., Ltd., for the year ended February 29. show the best eain- ! Ings since the company commenced to issue j public accounts following Stock Exchange lisll ing early in 1933. I The result for the past year showed an | Increase of £2OGS over 1947 earnings and is I reached after making provision for depreciI ation, rates, taxes and other contingencies. I The directors are recommending a year’s j ordinary dividend of 6 per cent., against 5 per cent, last time. This absorbs £13,500 and. in keeping with the higher distribution, i further £lOOO has been added to the dividend equalisation reserve. The usual statutory rc- , duced preference dividend of 5 1-5 per cent. rcouires £3558. Total appropriations are £IR.058. leaving £8132 balance of profit, which I will increase the undivided profits to £51,422.
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Wanganui Chronicle, 11 May 1948, Page 3
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152Page 3 Advertisements Column 3 Wanganui Chronicle, 11 May 1948, Page 3
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