DECLINE IN PROFIT
FARMERS’ AUCTIONEERING (Per I'ress Association.) AUCKLAND, this day. The annual accounts of the Farmers' Auctioneering Company, Hamilton, show a net profit for the year ended July 31 of £51,602, compared with £60,532 the previous-year. Preference shareholders have -received the usual 6 per cent divklenu, subject to 20 per cent reduction. The directors now recommend the payment of 6 per cent on ordinary shares, which is unchanged. The turnover dropped to £1,892,719 from £2,221,110, and the gross profits to £166,131 from £174,405, against assets totalling £592,477. Outside liabilities are £29,264, a percentage of less than 5 per cent. The company deals as farmers’ financiers in . the Waikato, the Bay of Plenty and contiguous districts:
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19390922.2.98
Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20049, 22 September 1939, Page 10
Word Count
116DECLINE IN PROFIT Gisborne Herald, Volume LXVI, Issue 20049, 22 September 1939, Page 10
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in