FARMERS' CO-OP. ORGANISATION.
After making full provision for book debts and depreciation on property and plant, and after payment of, a. rebate to shareholders o! 2 per cent, on merchandise, and of 10 per cent on stock commissions, the net . profit of the Farmers' Co-operative Organisation of New Zealand, Limited, for the year ended March 31, amounts to £34,891. Of this £13,938 is required for income tax, leaving a balance of £20,953. This, together with the balance brought forward from last year, leaves £26,350 available for distribution. The directors recommend a. dividend of 5 per cent, requiring £10,495, and that £500 be added to general reserve and £1000 to property reserve, and the balance carried forward. , :
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Bibliographic details
Evening Post, Volume CXXIII, Issue 135, 9 June 1937, Page 6
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116FARMERS' CO-OP. ORGANISATION. Evening Post, Volume CXXIII, Issue 135, 9 June 1937, Page 6
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