COMPANY AFFAIRS.

Auckland Star, Volume LIX, Issue 23, 28 January 1928, Page 4

COMPANY AFFAIRS.

CHRISTCHURCH GAS CO.

EIGHT PER CENT DIVIDEND

(By Telegraph—Press Association.)

CHRISTCHURCH, Friday

The annual report of the Christchurch Gas, Coal and Coke Company, Ltd., for the year ending December 31 hist states that main extensions for the year totalled, 10H miles and 573 new consumers were' added, making a total of 23,085. There was still a most satisfactory demand for gas cookers, 1634 having been fixed during the year, and sales of ga6 showed a steady increase. The directors decided to make a further issue of 100,000 shares, which were offered to shareholders in the proone share to each three shares held. The issue was over-subscribed, but the directors decided not to allot the whole of the additional shares applied for, but to allot on the basis of the quota to which shareholders were entitled. The total allotted was therefore 94,330 shares, leaving a small balance of 5670 shares available for issue as required. The directors recommend the payment of a dividend of 4 per cent, making, with the interim dividend already paid, 8 per cent for the year, and to carry forward the balance of £6566 8/10. The revenue account, after allowing £14,265 16/5 depreciation for buildings and plant, shows a credit of £22,271 10/9, which, added to the balance brought forward from the previous year, £7813 2/11, makes £30,084 13/8 to the credit of the profit and loss account. The interim dividend of 4 per cent absorbed £11,573 6/4 and the final dividend will absorb £11,944 18/6, leaving £6566 8/10 to be carried forward. NEW REGISTRATIONS. Four new private companies have been registered at Auckland. The particulars aße as follow :— fwF h< ; st ? ck Mineral Company, Limited. Objects : to acquire and carry on the business of the Stock Mineral Company, Hamilton- Capital, £600. Subscribers: Richard Qhilcott and Cecil George Tomlinson; 300 shares each. The Waikato Brick Company, Limited, manufacturers, etc., of bricks, tiles, etc! £50 each. Subscribers: The Huntly Brick Capital, £1250, divided into 25 shares of and lnreclay Company, Limited. 14 shares: The China Clay and Porcelain Company, Limited, 5 shares ; John Thomas North 5 shares ; James Wallace Cochrane, one share. Wellmade, Limited, radio dealers. Capital.; S, 500. Subscribers: Robert Edward Fraser, 400 shares; Maxwell Alfred Davies, 100 shares. Kealy's, Limited. Objects: to acquire the business now carried on by John William Kealy and Thomas Edward Wayte, at Shortland Street. Capital, £1600. Subscribers: John William Kealy, 1500 shares; George William Hutchinson, John Alexander, Alfred Ferdinand Bennett, and John Macfarlane Elide, 25 shares each.