D.I.C. DIVIDENDS
(Special to tha "Evening Post.")
DUNEDIN, October 12,
The report of the .Drapery and- General Importing Company states that shareholders were! paid the customary discount of 2% per cent, on their purchases for the first six months of the year in May last, and will receive it i'or the second six months of the year on November 1. The net profits for the year, after making full provision -for land and income tax, bad. and doubtful debts, and depreciation of buildings, fixtures : and plant, are '£26,584 5s 4d, which, with £28,357 2s 4d brought forward from last yfiar, show-a total to the credit of .the profit and loss appropriation account: of £54,971 7s Bd. On May 1 an interim dividend was paid on preference shares at the rate of 5 per cent, per annum for the. half-year ended ■February 20, which absorbed £6250, arid leaves £48,721 7s 8d now available. This sum the> directors propose to. deal with as follows:—Payment of dividend at the rate of 5 per cent, on preference shares for the half-year ended August 20, £6250; dividend at the rnte of 5 per cent, on ordinary shares, £9077 2s 3d; addition to reserve (which will then stand at £87,000), £1566 17s 8d; balance to be carried forward, £31,827 7s 9d. The dividend is payable on November 1.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19341013.2.134.10
Bibliographic details
Evening Post, Volume CXVIII, Issue 90, 13 October 1934, Page 12
Word Count
222D.I.C. DIVIDENDS Evening Post, Volume CXVIII, Issue 90, 13 October 1934, Page 12
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