COMPANY AFFAIRS.

Auckland Star, Volume LIX, Issue 76, 30 March 1928, Page 4

COMPANY AFFAIRS.

BANK OF AUSTRALASIA. LONDON, March 20. The shareholders of the Bank of Australasia have approved the incerase of capital cabled on March 0. Several offered the opinion that the proposed premium of £0 sterling was excessive. The chairman said the directors would consider the matter. —(A. and N.Z.) The proposal of the directors was to issue 100,000 new £5 shares which were to bo offered to proprietors pro rata to their present holdings at a premium of £6 per •hare. NEW REGISTRATIONS. Three new companies, one public and two private, have been registered at Auckland. The particulars are as follows:— Public. The Reliance Loan. Mortgage and Discount Corporation, Limited. Objects: To transact business as capitalists, promoters and financial and monetary agents, both in New Zealajnd and elsewhere. Capita], £60,000. Subscribers: Isaac Goodman, 5000 shares; Joseph Solomon Emanuel, 3000 shares: Berenice Emanuel, 2000 shares; William Valentine Worth, 2000 shares; Henry Thomas Shepherd, 260 shares; Arthur Wilfred Smith, 200 shares; Madeline Ruby Rutcliffe, 100 shares.

Private. The Star Tweed Hat and Cap Manufacturing Company, Limited. Objects: To take over the business of the Star Tweed Hat and Cap Manufacturing Company. Capital, £.500. Subscribers: Maurice Shieff, 100 shares; Rose Shieff, 200 shares; Jessie Riva Shieff, Lillie Evelyn Shieff, Sarah Shieff and Solomon Shieff, 50 shares each.

Bond Tractor Scoop Company (N.Z.) Limited, dealers, etc., in agricultural scoops, tractors, ploughs, etc. Capital, £3000. Subscribers: Alfred John Bond, John William Wilson and Kelson Craig Mace, 1000 shares each.

80UTHLAND WOOLLEN MILLS.

The annual report of the Southland Woollen Mills, Ltd., states that a suitable site having been arranged for, everything is now ready to make a start with the erection of the necessary buildings and the purchase of plant as soon aa sufficient capital is in hand to meet these commitments. The amount required is approxinnitfinn ~T lle board is of the opinion that the time is right for making an immediate start, and the delay that taken place ia justified by the very much brighter times ahead and also bv reduced costs of machinery and building materials. A resolution to reduce the nominal capital of th» lne £200,tw0 io tioo.oS> win CEmT shareholder.. ti. great and is not required. 100