Chas Begg And Coy. Profit And Dividend
DUNEDIN, Last Night (PA).—The directors of Charles Begg and Co. Ltd., in a report for the 12 months ended March 31 last, state that the net profit on the year’s operations was £lB,BBl* 17s 9d, to which has to be added a carry forward of £11,741 4s 9d, making a total available in the prolit and loss account of £30,624 2s 6d. The directors recommend a dividend of 7 per cent., free of social security tax, absorbing an amount of £9982 Ils Bd, building up the dividend equalisation reserve to £lO,OOO, absorbing ,a further £1465, and transferring £BOOO to general reserve. After adjustment for these recomendations, which will absorb a total of £19,447 Ils Bd, the balance to be carried forward will be £11,176 10s lOd.
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Wanganui Chronicle, 21 June 1949, Page 10
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133Chas Begg And Coy. Profit And Dividend Wanganui Chronicle, 21 June 1949, Page 10
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