NATIONAL MORTGAGE CO.
REDUCTION IN NET PROFIT. I A London cable message reported that, the National Mortgage and Agency Company of New Zealand, Limited, earned a net profit of £17,284 in the year ended September 30. After payment of a dividend of 5 per cent, for the year, £15,878 is carried forward, against £15,673 brought in. The net profit is the lowest since 1932 and compares with £25,882 in the previous year. Following is a comparison of the company’s results for the past three years:— 1936. 1937. 1935. £ £ £ Brt. forward 15,614 15,409 15,673 Net profit ... 21,143 25,882 17,284 £36,757 £41,291 £32,957 Dividend — P.c. 64 7i 5 Amount 21,348 25,618 17,0/9 Carried fd. £15,409 15,673 15,878 A year ago a bonus of 2a per cent was added to the year's payment of 5 per cent, the directors pointing out al the time that it was not to be taken as an indication of the future.
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Wanganui Chronicle, Volume 83, Issue 38, 15 February 1939, Page 11
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154NATIONAL MORTGAGE CO. Wanganui Chronicle, Volume 83, Issue 38, 15 February 1939, Page 11
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