An original 1932 dividend statement from The Eastern Telegraph Company, Limited, issued from Electra House, Moorgate, London, E.C.2. This document, dated 15th April, 1932, is addressed to the Rev. Douglas Barry, care of Messrs. Glyn, Mills & Co. at 67 Lombard Street, London. It details a dividend payment for 3.5 per cent Preference Stock for the three months ending 31st March, 1932, including a breakdown of the gross amount and the income tax deducted at the rate of five shillings in the pound.
Background Information: The Eastern Telegraph Company was once the largest submarine cable company in the world, founded by Sir John Pender in 1872. By the time this document was issued in 1932, it had become a vital part of "Imperial and International Communications Limited" (later renamed Cable & Wireless). Electra House served as its prestigious headquarters in the heart of London's financial district. This document reflects the complex financial landscape of the early 1930s, particularly the high rate of income tax during the Great Depression.