DECLINE IN PROFITS
DUE. TO DROUGHT AND WOOL PRICE. By Telegraph—Press Association—-Copyright. LONDON. December 1. ■The New Zealand Loan and Mercantile Agency Co., Ltd’s preliminary figures show a net profit, after the transfer of £25,000 to the tax reserve, of £142.526. Debenture stock interest absorbed £74.526 and the preference dividend of 5 per cent, and ordinary dividend of 2 per cent. £75,000, leaving £46,652 to carry forward. The directors attribute the decline in profits to drought,and unremunerative wool price.
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Wairarapa Times-Age, 4 December 1939, Page 3
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79DECLINE IN PROFITS Wairarapa Times-Age, 4 December 1939, Page 3
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