GOLDEN BAY CEMENT
DIVIDEND 6 PER CENT.
The Golden Bay Cement Company, Ltd., reports for the year ended June 30 that the profit for the year amounted to £12,070 16s sd, after making provision for depreciation. The directors recommend that a dividend at the rate of 6 per cent, on the paid-up capital of the company be declared. This will absorb £4349 and the provision for income tax will amount to £4880. After allowing for these two amounts, a credit balance of £3384 will be carried forward in profit and loss account to next year. During the year the chairman (Mr. J. M. A. Ilott) left on a business trip to England and during his absence Mr. C. N. Cathie carried out the duties of chairman. During Mr. Ilott's absence overseas the Hon. V. A. Ward, M.L.C., filled the vacancy on the board and relinquished the seat on Mr. Ilott's return. Shareholders will be asked to confirm Mr. J. M. A. Ilott's reappointment to the board. Mr. J. S.-Macarthur, retiring debenture director, offers himself for re-election. Mr. P. E. Pattrick, retiring auditor, also offers himself for re-election.
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https://paperspast.natlib.govt.nz/newspapers/EP19381205.2.143.24
Bibliographic details
Evening Post, Volume CXXVI, Issue 135, 5 December 1938, Page 12
Word Count
187GOLDEN BAY CEMENT Evening Post, Volume CXXVI, Issue 135, 5 December 1938, Page 12
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