8.—15.

Profit and Loss. £ s. d. £ s. d. I £ o d Dividend on C long-term mortgage shares .. .. .. 7,031 5 0 Balance at 31st March, 1939 .. .. . fififWfil is n Dividend on D long-term mortgage shares .. .. .. 17,578 2 6 Dividend on preference B shares .. .. .. .. 68,750 0 0 Dividend on ordinary share capital .. .. .. .. 187,500 0 0 280,859 7 6 Balance carried down .. .. .. .. .. .. .. 385 602 5 6 £666,461 13 0 £666,461 13 0 Dividend paid 9th December, 1939— £ s. d. £ s. d 7 , Dividend on preference A shares .. .. .. .. 50,000 0 0 Balance brought down .. .. 385 602 5 6 Interim dividend on C long-term mortgage shares .. .. 7,031 5 0 Profits for year ended 31st March, 1940, including recoveries ' Interim dividend on D long-term mortgage shares .. .. 17,578 2 6 and after payment of and provision for all interest due Interim dividend on preference B shares .. .. .. 31,250 0 0 and accrued on deposits, provision for bad and doubtful Interim dividend on ordinary shares 187,500 0 0 _ _ debts, depreciation of furniture, and for the annual dona- £s. d. _ 293,359 7 6 tion to the Provident Bund are .. .. 1 712 685 4 0 Balance, being profit for the year .. .. .. .. 580, 926 8 4 Less ' ' ' To which has to be added amount brought forward from last year 385,602 5 6 Salaries and allowances at Head Office and £ s. d. 233 branches and agencies .. .. 580,550 4 5 966,528 13 10 Directors'remuneration, including London Less dividend paid, as above .. .. .. .. 293,359 7 6 Board and local directors in Australia 9,250 0 0 673,169 6 4 General expenses, including rent, stationery, telegrams, postages, travelling, repairs to premises, &c. .. .. 131,764 1 9 Audit Expenses Account .. .. 3,010 0 0 Bates and taxes .. .. .. 407,184 9 6 1,131,758 15 8 580,926 8 4 £966,528 13 10 £966,528 13 10

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