COMPANY AFFAIRS.

Auckland Star, Volume LIX, Issue 214, 10 September 1928, Page 4

COMPANY AFFAIRS.

MASTERTON HOSIERY MILLS. ANNUAL REPORT. The annual report of the Masterton Spinnma; and Hosiery Mills, Ltd., states that, during tho twelve months' operations very little trading has been done. A i onuideiable amount of time has been taken up in procuring the necessary amount of capital, no commitments being in.ido until tli.-.t was assured. Following t.lio decision en November 22, 1927, to recommence operations, the buildings have been erected, and the latest machines prornied. The chairman and manager, who visited Sydney, obtained valuable information regarding manufacture, raw materials, and markets. Further, the opportunity wmh taken. while in Sydney, te procure the services of an expert mechanic specialising in hosiery. The company commenced manufacturing again on June 10. and the lines manufactured have been very favourably received by the trade. The manage-j nient considers the mill is now producing! hosiery equal to anytniifg on the market in its price and clasp. The directors now look forward to results by way of sales. Regarding the profit and loss account, the loss on this account after the fire was £1626. This year's loss over the short period of trading and general reconstruction will be explained fully at the annual meeting. NEW REGISTRATIONS. Three private companies and one public company were registered in Auckland on Saturday. Details are as follows: — Public. The Fiji Minins and Mineral Exploration Company, limited. Objects: To acquire and work nfines and mining properties. Capital: £600 in £10 shares. Subscribers: S. B. Sims, A. McDonald, D. I). Wilson, F. L. Onion, J. Jamieson, T. Lowther, S. A. A. Fry, J. Barugh, and A. R. Clarke, one share each. Private. Callingham and Cutler, Limited. Objects: To acquire and carry on the business of Callingham and Cutler, knitters and garment manufacturers. Capital: £400 in £1 share*. Subscribers: T. H. W. Callingham and H. I. Cutler, 150 shares each; Dora Cutler and Agnes Callingham, 50 shares each. The Alpine Ice Cream Company, Limited, ice cream dealers. Capital: £2725 in £1 shares. Subscribers: W. Waring and Winifred Jew, 800 shares each; F. Macdonald, 700 shares; C. George and L. Pousoll, 200 shares each; H. Hurst, 25 shares. H. and W. Bull, Limited. Objects: To carry on the business of tailors and outfitters. Capital: £2000 in £1 shares. Subscribers: W. B. Bull, 999 shares, and G. W. H. Bull, 1001 shares. The following registrations have appeared in the "Mercantile Gazette":— Company Charges. Taylor, M. D. and Co., Ltd., to C. H. Furoeas. Debenture, August 13-16; £1000, 7 per cent; charged on undertaking and all property, including uncalled capital. Heffernan and Co., Ltd., to bearer. Debenture, August 8-15; £3000, 7 per cent; charged on undertaking and all property, including uncalled capital. Palmer, Charles and Parker, Limited, to beaxer. Debenture, August 13-17; £2000, 7 per cent; charged on undertaking and all property, including uncalled capital. Brookbanlcs, Limited, to beaTer. Debenture, August 9-17; £7000, 6H per cent; charged on undertaking and all property, including uncalled capital but excluding land. Op'otiki Dairy Association, Limited, to Bank of New Zealand. Interest by way of security, August 11-24; C/A, C/R; machinery and chattels. Increase of Capital. Alberton Building Company, Limited.— Capital increased to £2500 by creation of 1000 additional shares of £1 each. Wallett and Finlayson's Auckland Bedstead Company, Limited .—Capital increased to £8000 by creation of 2000 shares of £1 each. Chemicals, Limited.—Capital increased to £10,000 by issue of 8000 shares of £1 each. Northern Export Company, Limited.— Capital increased to £5000 by creation of 9000 additional shares of £1 each. Robinson Ice Cream Company, Limited. Capital increased to £50,000 by creation of 25,000 additional shares of £1 each. Auckland Drug Company, Limited.— CapitaJ increased to £25,000 by creation of 10,000 shares of £1 each. KAURI GUM BOARD. At a meeting of the Kauri Gum Control Board on Saturday the resignation of Mr. J. Peachey, the exporters' representative on the board appointed by the Government, was received. Notification was forwarded to the Government. A return received from the Comptroller of Customs showed that the kauri gum exported during July totalled 283 tons, of a value of £15,119. The gum received at Auckland during the same period was 304 tons. COAL IN RUAHINE RANGES. A complete investigation into the possibilities of coal reefs in the Ruahine ranges was urged by Sir George Hunter (Waipawa) in the House of Representatives last week. He said that he understood that some years ago a report was made on the subject, but it was not a very complete or a very thorough one. He suggested that the Minister of Mines should send an officer of the Department to the district with a view to making a thorough investigation. The residents were confident that a strong coal reef existed in the ranges, and that it only required development to make it profitable.