FIRST DOM. UNIT TRUST
Income Cut By Div. Delay (N.Z. Press Association) AUCKLAND, July 14. A delay In receiving some dividends which had contributed to income in the previous year resulted in a drop in the distribution to unit holders in the First Dominion Unit Trust in the six months ended May 31. As these dividends were received after balance-date, they could not be included in the latest payout, which totalled 4s a 100 units against 5s 6d a 100 units last year. Dividend income for the period fell from £2433 to £1571, and, after deducting tax the total available for distribution was £l6lB against £2294. The distribution took £ll5l compared with £1761 in the comparable period last year. Dividends since received would be Included in the final distribution for the year ending November 30, said the chairman, Mr R. H. Smythe.
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Press, Volume CVI, Issue 31112, 15 July 1966, Page 16
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142FIRST DOM. UNIT TRUST Press, Volume CVI, Issue 31112, 15 July 1966, Page 16
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