f 320.
f 240.
both commission income and the result of
the own securities position fell
considerably short of expectations. In
addition, the results of the securities
business were affected by the costs of the
reorganisation which was carried through
in the course of 1974. We are confident
that this reorganisation will make a
considerable contribution to a recovery of
the profitability of the securities business
in 1975.
The subordinated loan provided by the
Friesch-Groningsche Hypotheekbank N.V.
to Van Haften Co. N.V. was increased
by f1 million to f 3 million, in order to
strengthen the latter’s liquid position.
The dividend of the Friesch-Groningsche
Hypotheekbank N.V. for the financial year
1974 was fixed at f 2.20 per 10.of a
fully paid-up share (1973: f1.92). Together
with the extra dividend payment, the
total dividend will be f 3.20 per f 10.of
a fully paid-up share.
You will find a statement of the dividends
to be paid on the various classes of shares
later in this report.
In conclusion, we would express a word
of thanks to all our employees for the
manner in which they have performed
their tasks in our group.
The Managing Board:
J. de Wilde, Chairman
Dividend Friesch-Groningsche Hypotheekbank N.V.
Dividend-
Amount of
Dividend-
Net payable
Class of share
coupon nr.
dividend
tax
amount
f1,000 fully paid-up
1,000 20% paid-up
250 fully paid-up
250 20% paid-up
88 B
88 A
272.
88 D
80.
88 C
68.—
f 80.
68.
204.
20.
60.
17.—
51.—
