Victorian Consolidated Legislation

Forestry Pulp and Paper Company's Afforestation Contracts Act 1949 - SECT 23

Annual profit and loss account

23. Annual profit and loss account

Once at least in every year the Company shall cause to be prepared a profit
and loss account of the matters aforesaid made up to a date not more than six
months before the preparation of the same from the date up to which the last
preceding account was made up and in the case of the first account from the
date of the passing of this Act. Such account shall disclose the amount
available for dividend among the stockholders. Every such account shall be
signed by two directors and countersigned by the secretary. The Company shall
from time to time pay to stockholders such dividends as the profits disclosed
by the profit and loss account justifies.