COMPANY AFFAIRS.

Auckland Star, Volume LVII, Issue 305, 24 December 1926, Page 4

COMPANY AFFAIRS.

CANTERBURY FROZEN MEAT COMPANY. The balance-sheet of the Canterbury Frozen Meat and Dairy Produce Export Co., Ltd., for the year ended November 30 shows that the balance of accounts, after deducting wages, working expenses, etc., and adding transfer fees, amounted to £12,318. and there was brought forward from the previous year £4115, making a total of £25,433. Out of this £6000 has been added to the renewal reeerve fund. The dividend at the rate of 6 per cent on the preference shares and 8 per cent on the ordinary shares, absorbs £15,000, half of which was paid as an interim dividend, and a balance of £4433 is carried forward. The liabilities are: Paid-up capital, £212,500; general reserve fund, £130,000; insurance reserve fund, £80,000: renewals and replacement reserves, £1088; drafts against company's interest in shipments and creditors, £417,078; and profit and loss account, £11,933. The assets comprise: Freezing works, land, plant aftd machinery, £328,163; sundry debtors, £27,129; value of interest in consignments unrealised, including advances to owners of meat, etc., and stock at works, £419,691; and war loans £82,616; total, £857.599.

WELLINGTON PERMANENT BUILDING SOCIETY. The second annual statement of the Wellington Permanent Building Society for the period to November 9 shows that the amount received from interest, fees, tines, etc., totalled £1515. Salaries, audit fees and general expenses amounted to £196, and interest £344, leaving a net profit of £975. There was brought forward from the previous year £2, making available £977. The dividend at the rate of 6 per cent per annum absorbs £706. and £133 is written off preliminary expenses, leaving a balance of £138 to be carried forward. The liabilities of the company are: A shares, £18,176; B shares, £32; sundry creditors, £361; deposits, fixed and at call £5276; bank overdraft, £1634; appropriation account, £844. Assets.—Loans on mortgage.' £29,410----sundry debtors, £20; Post Office Savings Bank, £16; furniture and stationery, £52----and preliminary expenses, £600. Total £30,098. The fixed capital has increased during the year from £14,990 to £23,720. and it is proposed to continue the issue of A shares up to a total of £30,000 capital. Loans on mortgage increased during the year by £17,710, and deposits show an increase of £3076.