FINANCE AND INDEMNITY
Dividend Payment
Raisetl
Recommended annual dividend of Finance and Indemnity, Ltd., Christchurch, is 8 per cent. Last year's dividend was 9% per cent., but capital has since been doubled.
Net tax-paid profit rose £343 to £1604. Net interest earned rose from £2568 to £3598, expenses from £835 to £1235, and taxation from £472 to £759. Advances made by the company rose from £19.295 to £30,923, and capital from £lO.OOO to £20,000. Current liabilities rose from £5747 to £6372.
Dividend requirement is up from £950 to £l6OO. No transfer (£6OO last year) is made to general reserve.
Permanent link to this item
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https://paperspast.natlib.govt.nz/newspapers/CHP19610511.2.209
Bibliographic details
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Press, Volume C, Issue 29510, 11 May 1961, Page 19
Word count
Tapeke kupu
99FINANCE AND INDEMNITY Press, Volume C, Issue 29510, 11 May 1961, Page 19
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Acknowledgements
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This newspaper was digitised in partnership with Christchurch City Libraries.
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