COMPANY AFFAIRS.

Auckland Star, Volume LXI, Issue 69, 22 March 1930, Page 4

COMPANY AFFAIRS.

TIMARU BREWERY COMPANY.

DIVIDEND OF 10 PER CENT. The annual r-opoi't of the Timaru Brewery Company, Limited, discloses a net profit of £4506 for the year ended February 28, 1930. With £9409 brought forward £13,915 is available for distribution. Dividend 10 per cent, the same rate as was paid in the previous year absorbs £3630. After payment of directors tees, £250, there is left. £10,035 at the credit of the profit and loss account. dominion breweries. PROPOSED AMALGAMATION. Particulars are published in this issue of a company which is being formed for the purpose of acquiring as going concerns the businesses of Waitemata Brewery, Ltd., at Ota'huhu, and Levers and Co., Ltd., wholesale wine and spirit merchants, Auckland. The authorised capital is £75,000, divided into 75,000 shares of £1 each, of which 40,000 are offered for public subscription. The directors anticipate that it will not be necessary to call up more than 15/ a share. Of the remaining shares 20,000 are to be issued fully paid as part of the payment to the vendors and the balance of 15,000 is to be held in reserve, the directors reserving the right to first offer them at par to the then shareholders of the company. Full details of the financial arrangements involved are supplied in the prospectus.