DEVONPORT FERRY CO.
THE ANNUAL MEETING. , AUCKLAND, Tuesday. The annual meeting of the Devon2>ort Steam Ferry Company was held yesterday. The report and balance-sheet showed that, after making allowance for reasonable depreciation, there is a net profit for the year of £9288 10s Id, to which amount must be added the balance brought forward last year of £402 Ss 2d making a total of £9690 18s 3d. An interim dividend at the rate of 7$ per cent, per annum was paid during the previous half-year, •which absorbed £4612 19s 9d, leaving a balance of £5077 18s Gd, to be dealt with. “Out of this sum the directors recommend th'c payment of a dividend at the rate of 7J per cent, per annum for the half-year ended April 30, 1927, which will absorb £4637 16s 2d, leaving a balance to be carried forward to next year’s account of £440 2s 4d.
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Bibliographic details
Waikato Times, Volume 102, Issue 17133, 21 June 1927, Page 7
Word Count
150DEVONPORT FERRY CO. Waikato Times, Volume 102, Issue 17133, 21 June 1927, Page 7
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