FARMERS' TRADING CO.
THE ANNUAL REPORT.
NET PROFIT OF £50,246
The annual report by the directors of the Farmers’ Trading Company announces that a substantial profit has been made during the year ended March 31. The net proliit remaining, after writing off £5,109 depreciation, making ample provision for bad debts and valuing stock on a conservative basid is £50,246, to which is added £409 from the previous year, making £50,655. The directors recommend payment of dividends of 6 per cent, on A and B preference shares and of 8 per cent, on ordinary shares absorbing £20,500, and transfer of £5,000 to building depreciation reserve. This, will leave a balance of £25,155 to be carried forward, which the directors remark is more than enough to pay another year’s dividend, so that in effect the company has earned two years’ dividends in one year.
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https://paperspast.natlib.govt.nz/newspapers/HPGAZ19270523.2.12
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Hauraki Plains Gazette, Volume XXXVIII, Issue 5129, 23 May 1927, Page 2
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142FARMERS' TRADING CO. Hauraki Plains Gazette, Volume XXXVIII, Issue 5129, 23 May 1927, Page 2
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