COMPANY AFFAIRS.

Auckland Star, Volume LX, Issue 142, 18 June 1929, Page 4

COMPANY AFFAIRS.

HILL AND PLUMMER. DIVIDEND 8 PER CENT. Mr. W. Ball, chairman of directors, presided at the annual meeting of share-Ikjl(lci'-s iu Hill and Pluminer, Ltd., held yesterday. The annual accounts showed a net profit for the year ended oil April 30 of £4470, com pared with £5684 last year. This, together with the amount brought forward from last year, made £16.012 available for appropriation, against £10,435 last year. An interim dividend of 4 per cent paid in November absorbed £2271. A final dividend of 4 per cent, making 8 per cent for the year, and absorbing a further £2271, was approved. The balance-shcct showed assets amounting to £08,005, compared with £00,443 last year. The principal items, with the figures for last year iu parentheses, arc as follow; —Properties, £31,900 (£31,900); plant, etc., £2112 (£1980); stock, £32,672 (£33,999); debtors, £20,160 (£19,978); bills receivable and cash in hand, £1078 (£2055); war loan debentures and mortgages, £9164 (£9518). Liabilities included:—Paid-up capital, £56.786 (£56,786); overdraft, £2426 (£4424); deposits at call, £16,400 (£15,259); bills payable and sundry creditors, £4416 (£4325); reserves, etc., £1827 (£2215). Mr. W. Ball, the retiring director, was re-elected chairman of directors.