WELLINGTON MORTGAGE ASSN.
A net profit of £2,476 is sliOAvn in the annual report and balance-sheet of the Wellington Mortgage and Building Association. Ltd., for the year ended March 31. An interim dividend of 3 per cent., absorbing £750, was paid on November 1. The directors recommend the payment of a further dividend of 4 per cent., which will absorb £I.OOO, making 7 per cent, for the year, and that £650 be placed to the reserve account, which Avill then stand at £6,650, leaving a balance of £941 18s 5d to be carried forward. The balance-sheet shows the capital to be £25,000 and deposits and interest £ %1,427. The assets include mortgages and accrued interest £ 62.793, Panama Chambers Building, £6,817, and special deposits £5,536.
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Sun (Auckland), Volume IV, Issue 954, 23 April 1930, Page 13
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123WELLINGTON MORTGAGE ASSN. Sun (Auckland), Volume IV, Issue 954, 23 April 1930, Page 13
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