COMPANY AFFAIRS.

Auckland Star, Volume LIX, Issue 249, 20 October 1928, Page 4

COMPANY AFFAIRS.

UDMINION PICTURE THEATRES.

DIVIDEND m PER CENT,

£he fifteenth annual report of the Dominion Picture Theatres Company, Ltd* for the year ended September 30, lopgj states the profit, after making full provision for depreciation and land and mrninp tax, is £3300 (as against £3032 last year), to which is to be added the of £577 from last year. The dividend of 7% per cent on preference and ordinary shares for the half year ended March 31, absorbed £1471. The directors propose paying a further dividend of 9d a ■hare on both preference and ordinary ■hares, making per cent on both for the year. This will absorb a further £1471, leaving £935 to be carried forward to nest year. The issue of the remaining 5770 unallotted ordinary shares, recently offered to shareholders at par, was fully subscribed. Messrs. C. R. Chapman and W. S. Whitley are directors retiring and offering themselves for re-election. Mr. P. R. Frnser seeks re-appointment as auditor. Net profits during the past four years have been: 1025, £2879; 1928, £3057; 1927, £3052; 1928, £3301. Chief movements in the balance-sheet in recent years have been U follow*— LIABILITIES. 1925. 1927. 1928. 4 £ £ £ Capital (paid up) 39,280 39,230 39,230 Mortgage on freebold 35,000 82,000 32,000 Sundry creditor . 1,092 891 1,701 Bank of N.Z. .... — — 751 i Reserve for taxes 988 600 786 Beserve 1,000 3,000 3,000 ASSETS. 1925. 1927. 1928. £ £ £ freehold land and "* : buildings 77,500 77,500 77,500 Plant and fixtures (less depredation) 200 800 2,260 Sundry debtors .. 87 131 114 2a bank and cash * la band 952 5 — 1 The affairs of this company have continued very stable in recent years, but duhng the last twelve months a considerable sum was spent in alterations to the princess Theatre. This accounts for an addition to plant and fixtures.

WAIRAKEI, LTD. DIVIDEND 7% PER CENT. Tlie annual report of Wairakei, Ltd., ft* the year ended June 30, states that tb* receipt* for the year were £20,247, as •gainst £19,806 in the previous year. After payment of all expenses, depreciation and income tax, there is a balance of £2539 (as against £2060 last year), making, with the balance from last year, £5375. The directors propose to, pay a dividend of 7% per cent on the capital of £33,150 (the same rate as last year). 1 The report states that the approaching Mason promises to be an excellent one as Se forward bookings are heavy, and as e winter takings have shown an increase the directors anticipate a record total for HM year. The retiring directors are Messrs. J. B Xing and H. W. Gibbs. i NEW FLAX COMPANY.? Wpr Zealand Flax Investment* Ltd., Mortal £25,000, has been registered in Sydney to acquire land suitable for the growing of New Zealand flax and to carry on the business of planting, cultivating, etc. Subscribers: J. C. Edwards, CkM. C. Money, B. C. Cathels, O. A. '£• Griewon, G. Abbott, and K. M. Travis. NATIONAL BANK OF AUSTRALASIA TEN PER GENT DIVIDEND. (By Telegraph—Press Association.) WELLINGTON, this day. It is announced that the board of directors of the National Bank of Australasia, Limited, have decided to pay a dividend at the rate of 10 per cent per annum » both classes of shares on November 28.