PROFITABLE TRADING

Sun (Auckland), Volume 1, Issue 52, 24 May 1927, Page 2

PROFITABLE TRADING

WILSONS CEMENT, LTD DIVIDEND OF l 0 PER After.making allowance tor „ cmtion, bad debts and uM dc Ph. profit of fSS.2OS 8s 7d i-Thf 8 ; a ie evidence of a profitable venw '"Wit shown in the report and balan„ tram %- to be presented to the anm sh of shareholders of WitaJEfJX* » land Cement Ltd., to be heM b. Adding to this the balance h" ** forward from last year of f”S® less the interim dlvidena’' I ' B3 M. £30,000, leaves £112,420 18= m 5 for distribution. “ d ava UabjThis the directors recomm.«. be disposed of as follow™^," 3 a dividend at the rate of 10 „ ent « £60.000, less the interim d.J? r £30,000 paid last to reserve account, £25 Oftn- ’i tra ® a ®er balance of £57,420 ISs 2d to a forward. to ear^ Items in the balance sheet follow, the corresponding' fi £ri , r arf *» last year being given in paremb for Land. buildings and ! (£415,860); stocks of cement, tores, £27.360 (£36,990); sundk-St aiii £96,237 (£81.758); WilsonVkm Ltd., and other investments (£221,580); cash and ba nkh fJ" S! - £47.129 (£38.747): total assets. (£794.935). On the liabilities\ pears:—Capital, £600,000 creditors, including provisteL fcfjii come tax, £104.038 (£63 577) 1 iß ' insurance account, £23,756 (£l7 Results and appropriations of a. company for the last three shown in the following table;— *** Brought for- 1924-25 19»9 ... ward . . . . £34.823 £5» set Net profits .. 67,977 SMU To reserve .. £ 102 ± 00 ' «£» Dividend p.c. .. S 1/3 " ,» Amount .... 50,000 60,000 Carried for- —■ ' vard •- £52,801 £54,31* £57,11;