MAURI BROS' PROFIT.

Auckland Star, Volume LXXI, Issue 224, 20 September 1940, Page 4

MAURI BROS' PROFIT.

DISTRIBUTION OF IS PER CENT* Ne'e profit of Mauri Bros, and Thomson, Llrnited. traders, ol Sydney. Brisbane and Auckland. lor the year ended June 30 receded slightly from the previous year's record level. The profit ai £92.58U compares with £ 94,951 for 1938-39. «*■■•••* The bonus addition of S per cent to the ordinary dividend of ~10 per cent Is retained. The distribution of -W 'per cent requires £42.8*3. The "A" preference dividend of 9 per cent absorbs £13,900, and the "B" preference of 10 per cent amounts to £2190. : From the balance of £41,673 brought forward. £25,000 has been allocated to reserve for depredation of land and buildings, and £11.958 of exAustralian income has been placed to lax-free Income reserve. Prom this year's profit a further sum of £10.568 has been transferred to the latter reserve, making in all £33,526. The surplus carried °Pa?d capital i5'£457.530, of which £150,000 ic A preference and £31.900 B preference. Stocks at £157.379 compare with £123,610 the previous year, while cash at £116,611 compares with £169373. A new item. Government securities. Is £30,039.