Page 13 Advertisements Column 1

NZ Truth, Issue 1261, 30 January 1930, Page 13

CARRERAS LTD. The annual report and balance-sheet of Carreras Ltd., for the year ended October, 31, 1929, revealed a satisfactory position. i The amount to the credit of profit and loss as shown by the account was £2,536,833. 195., sd. After deducting £3104 15s. lOd. for depreciation on buildings, plant, etc.; £2,837 19s. Id. expenses m connection with the issue of "B" ordinary shares m January last; £746 ss. lOd. directors' fees and £4,523 14s. lOd. contribution to staff superannuation Fund, there is a balance available for distribution of £2,497,681---3s. lOd. which the directors propose to appropriate as follows: — - Dividend on 6 per cent, cumulative preference shares to June 19, 1929, already paid, £3,000 os. Od. Dividend on 6 per cent, cumulative "A" preference shares to June 19, 1929, already paid, £ 0,000 os. Od.; Dividend on 7 per cent, cumulative "B" preference shares to June 17, 1929, already paid, £14,000 Os. od.; Interim dividend of 15 per cent, on ordinary, "A" ordinary and "B" ordinary shares, paid June 19, 1929, £210,937 10s. Od. To pay a further dividend of 35 per cent, on Ordinary, "A" Ordinary and "B" Ordinary Shares (making 50 per cent, free of Income Tax for the year ended October 31, 1929), .£492,187 10s. Od.