COMPANY AFFAIRS.

Auckland Star, Volume LIX, Issue 261, 3 November 1928, Page 4

COMPANY AFFAIRS.

WAIRARAPA FROZEN MEAT CO,

The fifth annual report "f the Waira-r.-ipn Frozen Meat Co., Ltd., states tint after making due allowance for income tax, the not profit fi» the year is £20W 14, J. which, added to tlio amount of £7268 1, 10 carried forward from last year, makes a total to the credit of tin- profit anrl loss account of jL'fKJUS Hi/, which sum the directors propose should bo dealt with .is follows:- Payment of dividend at 6 per i-iiit. £3133 }'.) 7; halanef! to rarry forward. .CiilT.") 1(14. The dividends accrued r<•!• the hist ve.ir on the holding in the Wellington Ahat Kxport Co.. Ltd., will not he available until it is formally dcf hired al the annual meeting of tlto company, and will be included in the accounts for next year. BRITISH GRAMOPHONES. The British gramophone industry is' at Ihe prt-xeiit rime enjoying the most prosperous period i»f itis existence. This is duo |o a nuni'icr of causes. In the fiint plaee. tli" industry iis protected from foreign competition by a duty of 33 1-3 per cent on products manufactured abroad; this protection, however, is not so substantial as might appear. for foreign manufacturer* of records and gramophone* have established factories in England and, by employing British labour, li ive avoided the protective duty. Secondly, the invention of electrical recording has revolutionised the gramophone record ami made acceptable to musicians what formerly was often little belter than a caricature of the actual performance. The indirect influence of wireless broadcasting in popularising good music must also be reckoned with as a factor in the prosperity of gramophone companies, and a growing market abroad for Miitish records and the products of British-controllcd companies operating in foreign countries hats had a marked effect on profits.

AUSTRALIAN GLASS

The directors of Australian Glass. Ltd., have declared a dividend for the half-year ended September, on the preference shares at the rate of nine per cent per annum, and an interim dividend on the ordinary shares at the rate of 10 per cent per annum, payable on December 1. The transfer books will bo closed from November 17 to 30, both days inclusive.

FIJIAN PINEAPPLE COMPANY.

The directors of the Fijian Pineapple Company. Ltd., announce that the company went to allotment on Thursday, November 1, the minimum subscription Laving been considerably exceeded. They also state the share list will be finally closed on Saturday, November 17.