INVESTMENT SOCIETY
FURTHER PROGRESS. The North Wairarapa Permanent Building and Investment Society has declared a final dividend for the half year ended March 31, 1939, at the rate of 5 per cent per annum payable on May 25, 1939, making, with the interim dividend, 5 per cent for the year. Total assets have risen to £2983, eleven new loans being granted during the year. For the seventh consecutive year no repayments were outstanding when the books closed on March 31. The profit and loss account stands at r £1763 as against £1493 at the corresponding date in 1938; gross profit is £lBO higher than the previous year while expenses have only increased by £3B. The dividend will absorb £lOll, leaving £752 to be carried forward as compared with £460 brought in. “A” and “B” share capital both show an increase over the previous year and, in addition, “D” investment shares were authorised during the financial year and appear as a new item in the balance sheet. Total deposits at £1.635 show a small decrease of £125 while bank overdraft is increased by £49. The annual meeting will be held in Masterton on May 25.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAITA19390510.2.8
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Times-Age, 10 May 1939, Page 2
Word count
Tapeke kupu
194INVESTMENT SOCIETY Wairarapa Times-Age, 10 May 1939, Page 2
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Times-Age. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in