PROFIT OF £13,194

Sun (Auckland), Volume IV, Issue 976, 20 May 1930, Page 10

PROFIT OF £13,194

NORTHERN STEAMSHIP COMPANY OPERATIONS FOR YEAR A. net profit of £13.150 12s < the year ended March 31. 1930 providing for depreciation, msuraar, and boiler repairs account, is closed in the forty-ninth annual j of the Northern Steamship Compaq* I Limited, which will be presented i* I shareholders at the annual meetim- J! I Friday. The distribution in November of I interim dividend at the rate of g I cent, a year absorbed £6.456 9s I final dividend at the rate of 8 per I per annum for the remaining half-y e .» is recommended by the directors. i^ v ing a balance to be carried forwa-i ' of £ 9.54 S 4s ML The retiring directors. Mr. a t Htitchinson. Mr. A. B. Robinson a-d Mr. C. Rhodes, offer fZ re-election. A comparison of the company's oi>. orations for the past three shows: 1927-28 1925-29 * £ £ "7; Brought forward 8.987 9.304 Net profits .. .. 13.230 13,176 £22.217£22.(50 Dividends. S p.c. 12,913 12.913 j Carried forward £9.304 £9,567 ZTia j The balance-sheet shows the ctnr panv’s assets to be £312.187, coir! pared with £324.897 last year. i*S ' principal items with the figures fee last year in parentheses are Wharves, sheds and sundry gear, W amount at credit of depreciation *r count. £181.194 (£ 195.367>: advancii on new motor-vessel Waka, £$.U: Quay Street premises, I (£11.167); investments. £724ss (£77.716): coal and stores on haw £12.382 (£14.779): accounts owing u company, including agents’ balance £28.237 ( £23.525). Liabilities in -luo« capital. £161.412 (£161.412); ii^, anc© accounts, £74,241 (£75.€93 sundry liabilities, £59,747 (£71,593). *