COMPANY AFFAIRS.

Auckland Star, Volume LVIII, Issue 155, 4 July 1927, Page 4

COMPANY AFFAIRS.

j WHITE STAR LINE. ! REPORT FOR 1926. I (From Our Own Correspondent.) LONDON, May 12. i The report of the Oceanic Steam XaviI gation Company (White Star Line) for 1926 mentions the fact that the control of the undertaking has returned to British hands, the Royal Mail Steam Packet Company having acquired the entire share capital from the International Mercantile Marine Company, of New Jersey (U. 5..;, who had held it for many years. The report states that a slight improvement occurred in the passenger movement to the United States, more particularly in the non-quota traffic carried in the new tourist class and in the third-class accommodation. As a result of the more liberal attitude of Canada towards immigration, Canadian traffic also showed an improvement, and there is every indication of a further increase during the current year, following on the promise of assured work for settlers. The freight situation in 1926 was disappointing. The volume of traffic in all directions was seriously restricted as a result of labour disturbances. Freight rates in the latter part of the year advanced, but the company's ships most affected thereby being coal burners, v. ere prejudiced because of the abnormal prices tor bunker coal. The year's profit, including interest* on investments, but after providing for depreciation, fell to £297,426, which will rank among the smallest in the company's recent history. For 1908 there was a loss providing for depreciation, and for 1909 the profit was only £620,345, less £356,932 for depreciation, but for each of the years 1915 to 1922 inclusive it was considerably larger, being £2.402,758 for iXoo' L ess for depreciation. For 1923 it was £548,153, after allowing for depreciation, and since then it has been as shown in the following table:— 1920. 1925. 1921. £ ~ £ •; 297.420 435.992 657 14* Brought forward 157.234 117.928 124 no I ana 4S4 ' 6eo To%rvi-:::: 131^ 67 110^ S6 .': 250 ' 00 !? =50,000 375>)00 Pensions ! — J J Carried forward 102,793 157,234 117.U23 serves shown in the last balancefind £55 ?'°°° ; France JE697 4M Thi T g f Deral Purposes fund, £197 400* n f a directors now state that * i - last " me ntioned fund has been taken m order to write down the t certain trade investments. Cebenturefi to the amount required by the trust deed ha\e been redeemed by purchase. NEW REGISTRATIONS. One private and two public companies were registered in Auckland on Saturday Details are as follows:— " Private. Auto Service Station, Ltd motnr dealers etc. Capital £500, in £1 shares Subscribers: F W PinU-or aoo suaies - H. E. Rankin, 10 shares 3 6luu ' es; Public. Cellconcrete Supplies, Ltd., builder* contractors, general merchants, etc. Can'ital: £10,000, in £1 shares. Subscriber'sTh o r' ge £r Se a' A ' Robertson, F. W L Morrison, L. S. Turner, G.' each R-idson, one share New Zealand Wallboards, Ltd. ObjectsTo carry out an agreement for the pur-! . of Builders' Composliquidation), etc Capital: £0000 in £1 shares. SubscribersC H T &i J -/"c? enson ' "• H.tehom * , ,y> A - Shenvin, and J. Slierwin, one share each. COMPANY CHARGES. The following list of company charges " s "< of 11,0 Samuel Bishara, Ltd.. to bearer. Da-

nf nt p U ™ ila \ 20 7 :jun ° 2; four debentures of £000 each, 7 per cent; charged on ESS?'capital 1 " 1 nroPett> "' indudi "8 t ** e '', an< ; e Battery Manufacturing Co., 9- <» 1^L bearer - Debenture May 20. June t> *-"00 m six debentures of £200 each, per cent; charge*! on underta_ ng and property, including uncalled capifal. Gumour, Joll and Williams, Ltd., to bearer. Debenture June, 10-L>; £6000, 7 per cent; charged on undertaking and 'all property, including uncalled capital Langguth and Co., Ltd.. to bearer. Debenture June 6-10; £7000, 7Vi per cent; charged on undertaking and property, including uncalled capital. l'isherman s Co-op., Ltd., to registered noider. Debenture May 28, June 14; 60 debentures of £50 each, 8 per cent; charged on undertaking and all property. Fisherman's Co-op., Ltd.. to H F Purnell. Trust deed May 28, June 14; in support of debenture issue. Orange Mills, Ltd., to registered holder. Debenture June 9-14; £800, 10 per cent; charged on undertaking and property, including uncalled capital. Gilmour, Joll and Williams, Ltd., to E. M. and F. G. White or registered debenture for £6000); floating charge on undertaking and property, including uncalled capital. Hunter and Sons, Ltd., Auckland, to bearer. Mortgage debenture, June 22-27; £3000, 7 per cent; charging undertaking and real and personal property and assets, both present and future, including uncalled capital (whether original or increased), trade plant, machinery, and all fittings and fixtures. ■