UNION STEAMSHIP COMPANY
THE ANNUAL REPORT. By Telegraph.—Press Association. Dunedin, Last Night. The thirty-fifth annual report of the Union Steam Ship Company states thaS after making provision for depreciation on plant, the net profit for the year,- including interest on investments and transfer fees, amounted to £75,086. Adding the balance from last year (£14,629) the total is £89,818. After deducting interest on debentures, an interim dividend, and <the auditors' fees', there is left £51,307, The directors recommend the 'payment of a dividend at the rate of 9%d per share on 800,000 shares fof the six months ended September 30, making a .total of Is 7d per share for the year. This will absorb £31,666, leaving £19,640 to be carried forward. The directors also recommend that a bonus of 2y 3 d per share be paid out of the insurance fund. This will absorb £8,333, leaving £441,463 to the credit of tihe fund. i
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Taranaki Daily News, Volume LIII, Issue 201, 3 December 1910, Page 5
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153UNION STEAMSHIP COMPANY Taranaki Daily News, Volume LIII, Issue 201, 3 December 1910, Page 5
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