National Financial Company reports first half profits and new share issue
The first ordinary meeting at the London Tavern reviewed a half year profit of £57,578 0s 5d with a proposed 20 percent dividend plus a £1 bonus per share. Directors plan to issue 5,000 new £6 shares, offering one new share for every two held, while stressing prudent risk management and ample reserve funds.
MENTIONED IN THIS ARTICLE
National Financial Company
London Tavern
M. C. Stron
National Financial
Admiral Burney
Gossert
Swany
J. T. King
Sampson
the Times
Hear
Swann
Kine
Barker
M. C. Seton
Major Gowley
Pappa
Spicer
Kisby
M.marster
E. Clench
CharrMan
Johnstone
Cooper, Wintle
Admiral Burny
Shareholders debate new shares and profits at meeting
At a company meeting shareholders weigh issuing 5,000 extra shares to reach 15,000 total and raise capital. Debate centers on optional share uptake, limits, and whether to call capital. directors defend past profits and forecast potential gains with more funds.
Mauritius Land Credit Company alters meeting month and bans company share purchases
The first ordinary general meeting chaired by Major-General Burn approved moving the annual meeting to August or September and added the clause that the company shall not invest any money in purchasing its own shares. Directors expect increased profits from further debentures, with a higher dividend and stronger reserve. A salvage report notes the East Indiaman Khersonese abandoned in the Channel has been towed by two tugs into the Thames, with heavy salvage costs anticipated.
MENTIONED IN THIS ARTICLE
Mauritius Land Credit Company (Limited
Burn
Fenchurch-street
Mauritius
James du Buisson
Thames