Good Result For Trustees Exec.
Net profit of the Trustees Executors and Agency Company of New Zealand, Dunedin, rose by £2700, or 23.7 per cent, to £14,106 in the year to March 31.
This result is reached after depreciation £1155 higher at £3886 and provision for tax up £2089 at £13,267. The earning rate on shareholders’ funds rose from 9.6 back to 11 per cent. Shareholders’ funds have risen £118.908 to £127,014. The steady dividend of 12 per cent takes £6OOO, leaving
£48,559 to be carried forward, against £40,453 brought in. As reported, final dividend is 8 per cent, payable June 21.
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Press, Volume CVI, Issue 31079, 7 June 1966, Page 17
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102Good Result For Trustees Exec. Press, Volume CVI, Issue 31079, 7 June 1966, Page 17
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