ICE CREAM PROFITS
The year’s operations of the Robinson Ice Cream Co. were reviewed at the annual meeting held last evening, and presided over by the chairman of directors, Mr. W. M. Neumegen. In moving the adoption of the report and balance sheet, the chairman said the result of the year's working had been eminently satisfactory. Although the directors were able to recommend a dividend of 10 per cent., the profits actually represented 15 per cent, on the capital. The balance it was considered sound policy to utilise in building up the reserve fund. A resolution approving payment of a dividend of 10 per cent, was carried. A recommendation by the directors that the capital of the company should be increased by £5,000 was amended, and it was decided to issue additional shares to the value of £25,000, bringing the total share capital up to £50,000.
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Sun (Auckland), Volume II, Issue 379, 13 June 1928, Page 12
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146ICE CREAM PROFITS Sun (Auckland), Volume II, Issue 379, 13 June 1928, Page 12
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