N.Z. LOAN AND MERCANTILE CO.
(PRESS ASSOCIATION TEI^CBAM.) WELLINGTON. December 5. The New Zealand Loan and Mercantile Agency Company has received a cable message from its London office advising that tho Company will hold its annual meeting in London on December 18th. After writing off bad debts and customary replacements, and also writing £20,000 off tho premises, providing a further £5000 towards the staff Benevolent Fund, and carrying £20,000 to the reserve from tho profits, making a total reserve of £276,878, the directors recommend the payment of a dividend of 5 per cent, per annum on cumulative preference snares, half of which was paid in July last, and a dividend of 5 per cent, on ordinary shares and instalments of a call under the scheme,- and that £14,238 18s be carried forward.
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Press, Volume XLIX, Issue 14842, 6 December 1913, Page 16
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132N.Z. LOAN AND MERCANTILE CO. Press, Volume XLIX, Issue 14842, 6 December 1913, Page 16
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