DALGETY AND COY., LTD.

Sun (Auckland), Volume II, Issue 501, 2 November 1928, Page 12

DALGETY AND COY., LTD.

Press Associatioyi WELLINGTON, Thursday. The New Zealand superintendent for Messrs. Dalgety and Company, Limited, has received advice from the head office of the company in London, that at the annual meeting to be held on November 15 the directors will recommend a final dividend of 3 per cent., making, with the interim dividend already paid, 10 per cent, for the year ended June 30, together with a bonus of 7s a share. The diivdend and bonus will oe payable on November 21. The directors propose writing down premises £25,000, transferring £25,000 to the staff provident fund, appropriating £50,000 for the staff bonus, and carrying forward .£195.300. Last year the company issued 100,000 ordinary shares paid to £5 at a premium of £5, the final instalment being payable on September 1, 1927. These shares rank with the old shares for both interim and final dividends of the past year, the capital now being £500,000 in preference and £1,500,000 in ordinary shares. With the premiums on the new issue, the reserve fund is £1,500,000. Following is a comparison of the company's results and appropriations for the last three years, the amount of net profit for the last year being approximately correct:—

1925-26 Brought for. £236,365 Xet profit . 295,04S 1926-27 £211,412 2S2.053 1927-28 £223,465 351,835 £531,413 £493,465 £575,300 Staff fund . 25,000 25,000 25,000 Premises .. 50,000 Staff bonus 50,000 Dividends— 25.000 25.000 25,000 50,000 Pref., 5 p.e. 25,000 25,000 25,000 225,000 Ord., 17 p.e. 170,000 170.000 Car. forward £211,412 £223,465 £195,300