8.—16

Profit and Loss £ s. d. £ s. d. £ 8. d. Dividend on C long-term mortgage shares .. .. .. 6,152 6 10 Balance at 31st March, 1944 .. .. .. .. .. .. 570,435 8 8 Dividend on D long-term mortgage shares .. .. .. 15, 380 17 2 Dividend on preference B shares .. .. .. .. 25,000 0 0 Dividend on ordinary shares .. .. .. .. 150,000 0 0 196,533 4 0 Balance carried down .. .. .. .. .. .. .. 373,902 4 8 £570,435 8 8 £570,435 8 8 Dividend paid Ist December, 1944— £ s. d. £ s. d. £ s. d. Dividend on preference A shares .. .. .. .. 43,750 0 0 Balance brought down .. .. .. .. .. .. .. 373,902 4 8 Interim dividend on C long-term mortgage shares .. .. 6,152 6 10 Profits for year ended 31st March, 1945, including recoveries, and, Interim dividend on D long-term mortgage shares .. .. 15,380 17 2 after payment of and provision for all interest due and accrued Interim dividend on preference B shares .. .. .. 18,750 0 0 on deposits, provision for bad and doubtful debts, and for the £ s. d. Interim dividend on ordinary shares .. .. .. 112,500 0 0 annual donation to the Provident Fund are .. .. 1,976,481 3 10 196,533 4 0 LessBalance, being profit for the year .. .. .. .. 378,886 10 0 Salaries and allowances at Head Office and £ s. d. To which has to be added amount brought forward from last year 373,902 4 8 193 branches and agencies .. .. 574,730 1 6 Directors' remuneration, including London 752,788 14 8 Board and local directors in Australia .. 7,083 6 8 Less dividend paid, as above .. .. .. .. 196,533 4 0 General expenses, including rent, stationery, 556,255 10 8 telegrams, postages, travelling, repairs to premises, depreciation, &e. .. .. 169,252 17 9 Audit Expenses Account .. .. 3,025 0 0 Bates and taxes .. .. .. 843,503 7 11 1,597,594 13 10 378,886 10 0 £752,788 14 8 £752,788 14 8

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