KAIAPOI WOOLLEN CO.
NO ORDINARY DIVIDEND Though the books show increas.ii turnover, keen competition aflecteii the rate of profit on the operations or the Kaiapoi Woollen Manufacturing Company for the past year. The dimct ors’ report for the year to be presented at the annual meeting of shareholders in the company scheduled for August 31 recommends a payment of a dividend of 6 per cent, on cumulative preference shares, but no dividend on ordinary shares. The balance sheet shows a credit h#i ance of £3,383 18s 7d, less deduction of £3.500 for depreciation. The dividend 2 6 per cent, on the preference shares eh. sorbs £3,011 Ss lid, leaving a sum of £972 9s Sd to be carried forward. The profit and loss account shows the balance transferred from warehouse amt manufacturing accounts at £76.682 which is £ 0,909 more than last year, but the expenses ha ve increased bv £3 tci *- £68,678. The credit balance of’£B sat 18s 7d includes £362 1.9 sld brought fo"ward from last year. Last year's credit C ?or Wa depfe 4 cfat 4 io ß n S ' Ph ’ S £l '°°° **
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19270822.2.29.4
Bibliographic details
Sun (Auckland), Volume I, Issue 129, 22 August 1927, Page 2
Word Count
185KAIAPOI WOOLLEN CO. Sun (Auckland), Volume I, Issue 129, 22 August 1927, Page 2
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