The National Mortgage Agency of New Zealand.
(Per Press Association.) London, Feb. 2. The annual report and balance-sheet of the National Mortgage Agency shows a net profit on the year's operations, including amount carried forward from last year, to be £7,809. A f urther dividend of 5 per cent is recommended, and £2,300 carried forward. The Directors recommended the trans* fer of reserve fund to speoial fund to meet realisation on depreciation of assets, and will submit a proposal to create a charge on uncalled capital in favor of debenture holders. Another proposal will be to create a special trust to deal with free consign* ment of produce.
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Bibliographic details
Feilding Star, Volume XVI, Issue 184, 4 February 1895, Page 2
Word Count
108The National Mortgage Agency of New Zealand. Feilding Star, Volume XVI, Issue 184, 4 February 1895, Page 2
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