INVESTORS LOSSES
(Australian Press Association) (Received 8.50, a.m.) SYDNEY, This Day. In an article in the Sydney Morning Herald relating to investors losses, as a result of reduced or deferred dividends owing to the financial stringency, the point is emphasised that certain sections of labour would have the world believe that workers alone arcmaking an undue sacrifice. The “Herald” publishes a list of 115 companies on the Stock Exchange, whose dividends have either been reduced, deferred pfi phased altogether. The'aggregate reduction involved a loss to shareholders over the year of £2,304,531 sterling which is equal to 3.78 i>er cent of the paid jup capital of £60,849,304 sterling represented by share issues. The recent downward tendency of’ shares on. the Exchange is accentuated in consequence of the, announcement that an c-xtir tax is contemplated bv the Federal authorities. Many, stocks have touched new low levels.
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Hokitika Guardian, 20 September 1930, Page 5
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144INVESTORS LOSSES Hokitika Guardian, 20 September 1930, Page 5
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