LYTTELTON PICTURES, LTD.
Lyttelton Pictures, Ltd., report a net profit, after providing for. depreciation and income tax,'of £134 15s lid, as against last year's profit of £204 14s lid. Under the provisions of the National Expenditure Adjustment Act, 1932, it was necessary to reduce the rent payable to the company by 20 per cent., a reduction of £104 per annum, the amount of the reduction from Ist April to the close of the financial year being £41 14s 4d. As against this the mortgage interest was' reduced from 6 per cent, to 5 per cent., but the annual saving will only amount to £15. The company paid a dividend of 6 per cent, per annum.
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https://paperspast.natlib.govt.nz/newspapers/EP19321012.2.123.16
Bibliographic details
Evening Post, Volume CXIV, Issue 89, 12 October 1932, Page 10
Word Count
115LYTTELTON PICTURES, LTD. Evening Post, Volume CXIV, Issue 89, 12 October 1932, Page 10
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