LOAN AND MERCANTILE.
THE YEAR’S WORKING.
DETAILS OF THE RESULTS,
WELLINGTON, .Monday,
Details of the results and appropriations of the. New Zealand Loan and Mercantile i Agency, 'Company, Limited, for the year ended June 30, are shown in a cablegram received by the Wellington office.
A Press Association message on Saturday, stated that the net profit was £157,038. This includes £68,000 payable as interest on the first and second mortgage debenture stock, so that the net profit is £89,038. Taxes allowed for were £ 2'7,31'7 against £22,022 in the previous year. Arrears of dividend for one year on the i per cent' cumulative preference stock, less English income tax of 4s 6d, in the pound, absorb £38,750, leaving £77,413 to be -carried forward, against £27,125 'brought Into the accounts. Details of -the results for the past three years are as follows:
1932 1033 '1934 Bt. for. ... £18,998 £ 18,5 5 i £27,125 Net profit *50,447 *41,426 89,038 From reserv. 50,000 50,000 £18,551 £27,125 £116,103 Dividends^— Pref. 5 p.c. £18,551 £27,125 £77,413 Dividend on the 5 per cent cumulative preference shares is now paid to June 30, 1931, and on the 6§ per cent cumulative preference shares to December, 31, 1930. Ordinary shares have not received a dividend since 1930.
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https://paperspast.natlib.govt.nz/newspapers/WT19341203.2.76
Bibliographic details
Waikato Times, Volume 116, Issue 19430, 3 December 1934, Page 8
Word Count
207LOAN AND MERCANTILE. Waikato Times, Volume 116, Issue 19430, 3 December 1934, Page 8
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