N.Z. AND RIVER PLATE
Cabled advice has been received by the local attorneys of the New Zealand and River Plate Land Mortgage Co.. Ltd., (hat the net profit for the year ended 31st October, 1930, was £106,983. At the annual meeting to be held in London on 11th January the directors will recommend that a final dividend be declared, making a total of 9 per cent, for the year (less income tax at 4s 6d in the £ on the interim dividend, and 5s Cd in the £ on the final dividend), absorbing £63,000, and that £-13,033 be carried forward. The sum of £160,000 has been transferred from reserve to exchange provision account, but the report states that owhis to the rise in the Argentine rate of exchange since wist October, no portion of the exchange provision would have been required on 22nd December, the date of the report.
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https://paperspast.natlib.govt.nz/newspapers/EP19311231.2.98.3
Bibliographic details
Evening Post, Volume CXII, Issue 157, 31 December 1931, Page 10
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147N.Z. AND RIVER PLATE Evening Post, Volume CXII, Issue 157, 31 December 1931, Page 10
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