DOMINION INVESTMENT.
A further increase in net profit of £1506 to £11,324 is shown in the accounts of the Dominion Investment and. Banking Association, Auckland, for the year ended June 30. Profit was struck after meeting all expenses and making, full provision for all ?*r?f,5 ta n ™d,, losses and contingencies. With: £2907 brought into the accounts there is £14,231 available for distribution. The directors propose to distribute this as follows: To payment of a dividend of 5 per cent, on A shares, first and second issue of B shares and second issue of C shares, and 4 per cent, on the third issue B and C shares, both rates being unchanged; to reserve fund, £1000; bringing this fund to £10,000, in addition to a contingency reserve of £3500, and to carry forward £5221.
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https://paperspast.natlib.govt.nz/newspapers/EP19390729.2.127.16
Bibliographic details
Evening Post, Volume CXXVIII, Issue 25, 29 July 1939, Page 12
Word Count
134DOMINION INVESTMENT. Evening Post, Volume CXXVIII, Issue 25, 29 July 1939, Page 12
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