COMPANY AFFAIRS.

Auckland Star, Volume LIX, Issue 190, 13 August 1928, Page 4

COMPANY AFFAIRS.

XEW COMPANIES. The following registrations have ap- ; peared in the •"Mercantile Gazette":--Zealandia Clothing. Limited. —Capital. £25.000 in 25.000 shares of £1 each. Subscribers: Auckland, C. -1. Palmer 1. D. Syme 1. J. H. Thompson 1, X. A. Duthie 1, R. Boucher 1, G. L. Glading 1, 11. R. A. Vialoux 1. Objects: Deal in textile fabrics of all kinds, rhlk mercers, etc., and incidental. Advance Loan and Finance Company, Limited. —Registered as a private com- j pany. Capital. £2000 in 20<K) shares of £1 each. Subscribers: Auckland. J. E. Carr 500: A. E. Penrose 250, V\ . K. I Fowler 500, W. Tudhope 250. N". R. Jones j 500. Objects: Financial agents and incidental. I Graham. Limited.—Registered as a j private company. Capital, £500 in 500; shares of £1 each. Subscribers: Aiuk- ' land, R. B. Giahain 375 t.p. and lO) emit., ! M. A. Graham 24 c-ont., and A. L. Graham | 1 cont. Objects: Photographers and in- 1 cidental. ! Morningside Park Estate. Limited. —Registered as a private company. Capital. I £1200 in 1200 f.p. shares of £1 each. Sub-j scribeis: Auckland. Bruce 4<n). A. E. , Odlm 400. S. L. Wallath 401. Objects: Deal in land and incidental. Dominion Brokers, Limited.--Registered ! as a private company. Capital. £5<)00 in j 5000 shares of £1 each. Subscribers: j Auckland. -T. J. Sutherland k)00, R. \V. : Mason 1000. S. A. Bamkin l'*.m. P. A. i Spurdle 12.50, L. Macon HX). A. E. Hinlev | 100, L. Bater 100. C. Kennedy 150, A. \V. j McDonald 100, W. M. .leffery 100, (j. ('. Hurrey 100. Objects: Sharebrokei s and ! agents and incidental. Bunting. Angus. Limited—Registered as ! a private company. Capital. £ li)O0 in j 1000 shares of £1 each. Subscribers: , Auckland, D. E. Gray 5, A. Bunting 005. Objects: Financial agents. investment brokers, etc.. and incidental. Company Charges. | Graham. Limited, to bearer. Debea-j ] lure, duly 26-2S; £375. 0 per cent; charged j j nu undertaking and personal property, in- ! eluding uncalled capital. ! McXiven Brothers (X.Z.I. Limited, to' bearer. Debenture, July 10-27: £6000. 0 ! per cent: charged on undertaking and all personal property, including uncalled • api- ' tal, but excluding realty. Increase of Capital. Presto Furniture Fittings. Limited.— i Capital increased to £2625 by creation ot j additional capital of £1125 in 1125 shares' of £1 each. ; COMMERCIAL BANK. j SHAPEH'V i ' RIGHTS. 1 ; At the annua! t„ ~ •<{ the Cnnimer- • jci;>l Bank of Au.-t!a!ia <> : , August 2. dis- : ; satisfaction was expressed lv some sliai ei holders at the c:r inji? of r.nliw in i -*cr.n <1 s j to the allocation nf surplus shares in the ; last nev,- issue. i Mr. Llewrllyn Evans stated that lie had ! purchased a parcel of lights to the new, | issue in the open market on the underj standing that he would also be given the j option of applying for surplus shares. ( >n I approaching the bank to lodge an application, lie was info; med that the policy of : j the directors hud been changed, and that (he could only apply for the unallotted , I shares, with the consent of the partv from : I whom he purchased the rights. Consent j was refused by the vendor, and he was 1 j accordingly debarred from participating in the division of the surplus shares Hr thought that the directors should have informed shareholders and the Pres> ' their decision to alter the established j policy, so that investors contemplating nur- ' j chase of rights would have been aware ! . of the position. Tn renly, the chairman (Mr. J. L. (Webb) stated that the directors had given ■the matter mature consideration before | deciding to change the policy. The decision I had been conveyed to the Stock E.-Hiang". land, in view of what shareholders had iisaid. he regretted that it was not given . | fuller publicity. I There wei - now 0570 shareholders of the ■ j bank. Mr. Webb stated, representing all ■■classes of people, the average holding being. I 13125? shares. When the balance of calls on j the new shares were received, paid cinital ! I would be increased to £3.617.350. ' and '■reserves to £ 1.603.962.