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PROFITS AND
EXPENSES UP
Nat. Trustees Co.
Net profit of £2807 (£2535 for
1945-46) was earned by the Nat-
lonal Trustees Executors and
Agency Co. of Australasia Ltd.
for the year ended October 31,
1947.. Unchanged dividend of 6
per cent, takes £2250 and £1000
is written off fittings, equipment,
. &c., leaving £4013 to carry for-
ward, £4456 having been brought
in..
Commissions, &c., brought in
£32,344 (£34,417) and other in
come £1359. Expenses were
; £28,539 (£26,896), taxes £2880
(£2723) and depreciation is again
£1500. Assets total £82,922. . Re
serve is £30,000 and bank over
draft £6277. Directors report that
the number of new trusts com
mitted to the cafe of the company
were again above the average,
the notifications of . new . appoint
ments under wil's were satisfac
tory. Greater earnings have been
largely offset by increased expen
diture.. Costs are likely to further
Increase in the immediate future.
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