AN INVESTMENT SOCIETY.
ANNUAL REPORT. The Teport of the directors of the New Zealand Investment, Mortgage, and Deposit Company, for the year ended 31st March, 1911, shows that tho net profit on tk.9 year's business was £1,617 Is 6d, to which is added £30 8s lid, brought forward from last year, making a total of £1,647 10s sd. An interim dividend at the Tate of 5 per cent, per annum, amounting to £505 Is lOd waa declared and paid for the halfyear ended 30th September, 1910. Tho balance of preliminary expenses (£100) has been written off, and that item finally disappears from the balance-sheet. The amount to bo dealt with is £1042 '3s 7d. The directors recommend a further dividend at th 6 rate of 5 per cent, per annum, which will absorb £506 15s, that £400 be carried to a reserve fund, and that) the balance of £135 13s 7di be carried forward. The directors specially refer to the business of the past year, which has not only been well maintained, but the steady advance of the earlier years of the company's existence has continued. Securities for loans have been throughout carefully selected, and are of the 'best character and value. Messrs. A. S. Biss and Gerald Fitzgerald retire from t'he board, and, being eligible, offer themselves for re-election.
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Bibliographic details
Evening Post, Volume LXXXI, Issue 86, 12 April 1911, Page 2
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220AN INVESTMENT SOCIETY. Evening Post, Volume LXXXI, Issue 86, 12 April 1911, Page 2
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