LOAN AND MERCANTILE COMPANY.
ANNUAL REPORT. Per Press Association. Wellington, Last Night. The Loan and Mercantile Agency Company has received the following cablegram froni.ita London office:—"The annual meeting will be held on sth December. The annual report and balancesheet states that after £9956 is written' off London investments and £58,000 carried to the reserve, the Board of Directors recommends the payment of a dividend at the rate of 5 per cent, per annum, less income-tax £133 carried forward. The report also states that £IOO,OOO out of surplus realisation of properties the scheme of arrangement, 1897, has been carried to capital reserve, hence Sje total reserve of the New Zealand Ebjan and Mercantile Agency Company, fad., is £815,000. In addition the New jfealand Land Association, Ltd., lias carried £75,000 surplus realisation of to a capital reserve account."
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Taranaki Daily News, Volume L, Issue 61, 23 November 1907, Page 2
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136LOAN AND MERCANTILE COMPANY. Taranaki Daily News, Volume L, Issue 61, 23 November 1907, Page 2
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