N O DIVIDEND.
NORTHERN STEAMSHIP COMPANY. (By Teles-raph.—Preas Association.) AUCKLAND, Friday. Expressing disappointment at not be—ing able to recommend the payment of a dividend. the chairman of directors of the Northern Steamship Company. Mr Ernest Davis, said at the annual meeting to-day that the cheerful outlook apparent at the beginning of the year had not continued so far as the company was concerned. The net profit for the year was £50611. The dlrectors considered. with an eye to the future, that their policy should be one of prudence, and therefore ihe profits had been transferred to the depreciation account. ‘ ...—__—-=—- 1
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https://paperspast.natlib.govt.nz/newspapers/WT19360530.2.12
Bibliographic details
Waikato Times, Volume 119, Issue 19899, 30 May 1936, Page 4
Word Count
100NO DIVIDEND. Waikato Times, Volume 119, Issue 19899, 30 May 1936, Page 4
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