=+The Net Trading Profit for the Year to 30th June, 1961, is £6,000 and the Balance on Profit & Loss Account brought forward from the previous year is £1,200. It is proposed to pay the following dividends:

6% on the fully paid Preference Shares and 20% on the Ordinary Shares.

£2,000 is to be transferred to General Reserve.

In addition to the balances mentioned above, the following appear in the Company's Ledgers:

Sundry Debtors Sundry Creditors Stock Plant at cost less depreciation 6,000 Cash at Bank 1,810 2,160 Share Premium Account 1,000 7,410 Goodwill at cost 4,000 Accrued Expenses 135 9,200 Motor Vehicles at cost less depreciation 1,700