N.Z. PERPETUAL FORESTS, LTD
A PROGRESSIVE CONCERN In spit© of the busines depression of the past 12 months, the seventh annual report of the New Zealand Perpetual Forests, Limited, shows a very sat’*sfactory position; the profit for the year, after making ample provision for depreciation and maintenance of forests, is shown at £18,874; the Maintenance Reserve Funds held by the trustees for the bondholders as a guarantee against fulfilment by the company of its contract with the bondholders amounts to £455,952; these funds, all of which are invested in first-class securities, have grown during the year by no less than £144,171. The company’s reserves for planting and maintenance of its forests amounts to £1,052,835. Since the commencement of its operations, the company has efficiently afforested a net area of 117,950 acres, and is at present engaged in carrying out its 1930 planting programme.
Shareholders are to participate in a dividend at the rate of 8 per cent.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19300517.2.125.7
Bibliographic details
Sun (Auckland), Volume IV, Issue 974, 17 May 1930, Page 11
Word Count
157N.Z. PERPETUAL FORESTS, LTD Sun (Auckland), Volume IV, Issue 974, 17 May 1930, Page 11
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