Late Commercial DONAGHY’S ROPE AND TWINE COMPANY
Dominion Special Service.
DUNEDIN, May 3
The annual report of the directors of Donaghy’s Rope and Twine Company, which will be presented at the annual meeting of shareholders on May 27, states that the net profits for the year ended March 31 amount to £10,127/13/9. To this has to be added £3365/7/7 carried forward from last year, less the interim dividend of 9d. a share paid in October, 1939, amounting to £3225, leaving available for distribution the sum of £10,268 1/4. The directors recommend the payment of a final dividend of 1/3 a share, absorbing £5375, and bringing the total dividend for the year to 2/- a share. This leaves £4893/1/4 to be carried forward. Depreciation totalling £5170 has been written off buildings and plant.
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Dominion, Volume 33, Issue 187, 4 May 1940, Page 16
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132Late Commercial DONAGHY’S ROPE AND TWINE COMPANY Dominion, Volume 33, Issue 187, 4 May 1940, Page 16
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