N.Z. LOAN AND MERCANTILE COY.

Wanganui Herald, Volume LIII, Issue 15992, 8 December 1919, Page 9

N.Z. LOAN AND MERCANTILE COY.

% ANNUAL MEETING. (Per United Press Association.) WELLINGTON, December 8. The New Zealand Loan and Mercantile Company has received a cable from its London Office intimating that the company will hold its annual meeting' in London on the 18th inst. After carrying .£25,000 to the general reserve account, writing £IO.OOO off premises, appropriating £IO,OOO to the staff benevolent fund, and the payment of an interim dividend on preference and ordinary stock, the directors recommend the payJ ment of a final dividend of 21 per cent. Aunaking 5 per cent, for the year) on preference stock, and a final payment of 3£ per cent, and a bonus of 2 pm- cent, (making 8 per cent, for the year) on ordinary stock, also a 21 per cent, dividend on preference, and Bi per cent, dividend and 2 per cent, bonus on ordinary new issue stocks, all less English income tax. This leaves £36,745 17s 8d to be carried forward. The reserve fund now stands at .£5/5,000. .