COMPANY AFFAIRS.

Auckland Star, Volume LXVII, Issue 226, 23 September 1936, Page 4

COMPANY AFFAIRS.

MILNE AND CHOYSE, L. Td

ANNUAL MEETING,

Ihe 35th annual meeting of Mil Choyce, Limited, was held this 6 a nd Sir George Elliot presiding over tn »S. attendance of shareholders a «4 J lie annual report and i 5 summary of which appeared in * tof September 11 were adopted Stlt " r Sir George Elliot and Mr E' HT> v s son were re-elected to the . Messrs. Morns Duncan and Gyllfi ' reappointed auditors. "J'ueg ; Th ° dividcnd on October I( [ INSURANCE COMPANY, I PREMIUM RATES REDUCED. An account of last vpar'e ■ the N.I.M.U. Insurance Companv° nS f kshod in these.columns recently that net premium income a Z' m . j W6i £88 077.. an increase of £2801 of the previous year. A heading t 0 ?V article, "Increase m Premiums» iij tently gave the impression that n™ - et ' rates had been increased tho 3 being, as disclosed in the article, thaTtlT had been reduced. The comiwmT ■ 9 out that since its inception it L P ? ti gressively reduced its premium rites. IMPROVED POSITION. WA® ARAPA FARMERS' CO-OP, Dealing with the affairs of the Wal. vapa I'anners Co-operative Assoeiar for the twelve months ended July 31 jS 1 the directors gratefully acknowledge ttf.' generous support which the shared, unanimously accorded to their (for adjustment of capital), whfch W now been carried into effect. The company is now freed'of the dead weight under which it has laboured durint the past five or six years, an d the Wd looks forward to better results ii fX.S J.he bank overdraft has been reduced during the year by £11,783. Gross profits upon the operations of the various departments of the comnam amounted to £87 270 After making S provision for bad and doubtful debts T profit 011 trading amounted to £10,255 out of which the sum of £1500 has C, written oft cost of new lift and altera tions at Wellington and Carterton branches, £1000 added to the exefi adjustment reserve, and £1000 to the taxation reserve account, leaving £6?? i available for reduction of the debit balantp in appropriation account, which will than stand at £20,756. W6n NEW REGISTRATIONS. The following private companies have been registered in Auckland:— E. Le Roy. Limited, tent and cover makers. Capital. £23,500 in £1 shares Subscribers: E. Le Roy 11,750 shares i' H. Crawford 1000 fully-paid and 10,750 contributing. Kawakawa 'Theatres. Limited, cinema exhibitors. Capital, £600 in £1 shares Subscribers: V. H. Reed, J. F. Wall C P. C. Miller, Kaitaia Theatres, Limited 150 shares each.