TRUSTEE COMPANY'S YEAR
Directors of the Wellington Investment, Trustee, and Agency Co., Ltd.. in their fifty-third annual report and balance-sheet for the year ended June 30, state that the net profit for the year, after providing for income tax, amounted to £3551 12s 9d. An interim dividend of 2£ per cent, for the half-year, was. p.aid in December last, and there is a balance available (including £2720 9s 4d brought forward from last year) of-£4722 2s Id, which the directors recommend should be dealt with as follows. —Payment of a further of 2& per cent, (making 5 per cent, for the year), £1550; transfer to general reserve, £1000; : to carry forward, £2172 2s Id. Total, £4722 2s.ld.
The dividend proposed is the same ad last year, when net profits were £3673.
The directors regret that, owing to continued ill health, Sir George Troup found it necessary during the year to retire from the board. The directors who retire • from - the board are Sir George Shirtcliffe and Mr. G. G. Gibbes Watson, who offer themselves for re-election. The auditors. Messrs. E. Bucholz andS.M. Hobbs, also offer themselves for re-election.
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https://paperspast.natlib.govt.nz/newspapers/EP19390728.2.151.7
Bibliographic details
Evening Post, Volume CXXVIII, Issue 24, 28 July 1939, Page 12
Word Count
188TRUSTEE COMPANY'S YEAR Evening Post, Volume CXXVIII, Issue 24, 28 July 1939, Page 12
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