COMPANY AFFAIRS.

Auckland Star, Volume LX, Issue 21, 25 January 1929, Page 4

COMPANY AFFAIRS.

AUCKLAND GAS CO. year ended December 31 in disclosed by the directors of the Auckland Ga« Company. The annual report just issued to shareholders states that the profit*, after deducting working expenses, cost of repairs and renewals, management expenses, interest, bad debt*, depreciation and other charges amount to £86,321. Thus, with the balance brought fonvard, makes a credit to profit and loan of £120,304. less interim dividend paid in July £44,£89. The balance to be d«alt with is £85,005. and the directors now recommend a dividend for the pa*t year at the rate of 8 per cent on the £1 fully paid shares and a proportionate amount on the contributing shares, 15/ paid. £40,282 will be oartor ward. Mr. Arch. Clark and Sir Geo. Elliot are the retiring director# and are nominated for re-election. Following is a comparison of the company's results for the past three years:— 1926. 1027. 1028. £ £ a Brought forward 88,474 30,320 40,274 Net proflts . . 88,393 88,327 80,321 Dividends- . . 82,550 87,330 80,312 Carrisd forward 30,320 40,274 40,282 The dividend in each year has been at the rate of 8 per cent, the increase in the amount distributed corresponding with the. increment of contributing shares wpital. HIS MAJESTY'S ARCADE CO. The annual meeting of shareholders of His Majesty's Arcade and Theatre Company, Ltd., was held yesterday, Mr. F. Kneebone, chairman of directors, presiding. The recommendations of the directors as contained in the annual report (previously published) were approved and adopted. Mr. C. Nathan congratulated the company on its operations during the year. Mr. B. M. Myers was re-elected a director, and Mr. J. A. Duncan was appointed auditor.

810 RUBBER MERGER.

MELBOURNE, this day. Melbourne shareholders in the Barnet Glass Robber Company, Limited, unanimously approved of the terms offered by the Dunlop Rubber Company for the purchase of the whole of the Barnet Glass ordinary shares at 32/ each, aggregating £88.000. The view was expressed that further amalgamation is likely to be announced shortly thereby, stabilising the rubber manufacturing trade in Australia.