C. SERVICES INVESTMENT
20 p.c. Return On Capital
Credit Services Investments, Wellington-based hire purchase finance company, has had another record year with tax-paid profits to March 31 amounting to £26,489. the chairman (Sir Peter Phipps) announced yesterday. This represents a return of more than 20 per cent on paid up capital. Outstandings increased during the year by 25 per cent to more than £825.000 and total assets increased by 32 per cent to more than £1,120,000.
Final 7 per cent dividend requires £9260 and directors recommend that £12,500 arising from surplus to dividend requirements being placed to the general reserve. Directors also recommend increasing authorised ordinary capital from £200,000 to £500,000.
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Press, Volume CVI, Issue 31082, 10 June 1966, Page 15
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111C. SERVICES INVESTMENT Press, Volume CVI, Issue 31082, 10 June 1966, Page 15
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