COMPANY AFFAIRS.

Auckland Star, Volume LXI, Issue 130, 4 June 1930, Page 4

COMPANY AFFAIRS.

ROBINSON ICE CREAM.

INCREASED PROFITS

DIVIDEND, 10 PER CENT,

Despite unfavourable climatic conditions during the past financial year, especially at Christmas time, the directors of the Robinson Ice Cream Co., Ltd., notify successful results for the period ending Apri' / 30. Net profits total £4217 compared with £3586 last year, and the directors recommend payment of the usual ten per cent dividend to shareholders.

The directors' report states that an additional plant was •purchased during the year in the form of automatic freezing cabinets, and the company had acquired the sole rights of the 'manufacture and distribution of Eskimo Pies for the Auckland province, wfliioh had been an important factor in maintaining the turnover. The ever-increasing demand for ice cream products was referred to as a satisfactory feature from a national aspect, as practically ninety per cent was manufactured ironv New Zealand primary products.

The retiring directors, Messrs. E. Robinson and P. H. Fergusson, are nominated for i-e-election.

Balance-sheet figures show that paid capital has increased from £2960 to £36,000. There are no outside liabilities tuid principal assets are:—Land, buildings and plant, £23,671; kegs, churns and cabinets, £12,106; motor vans, £3266; sundry debtors, £2090; stocks, £1110; cash, £3014.

NATIONAL BANK OF AUSTRALASIA. PROFIT SLIGHTLY LESS. Net income of the National Bank of Australasia for the year ended March 31 shows a very slight decline on that for the preceding twelve months. After meeting expenses, including £121,739 for income, land, and note taxes, the net profit is £655,134, which compares with £659.278 for 1928-29, and £640,401 for 1927-28. Expenses amounted to £848,051, against £817,815 in the previous year. As £157,773 was brought forward, there is available £812,907. The dividend for the twelve months at the rate of 10 per cent requires £500,000, half of which was paid as an interim dividend, and the other half is payable to-day. A sum of £100,000 is transferred to the reserve fund, increasing it to £3,200,000. To the reduction of the book value of premises £50,000 is applied and _ £ 162,907 is carried forward. The liabilities and assets compare as under: — LIABILITIES. 1929. 1930. £ £ Capital 5,000,000 5.000,000 Reserve 3,100,000 3,200,000 Notes in circulation . 47,899 47,851 Bills in circulation . 819,3.10 616,727 Government deposits . 1,339,783 1,004,939 Other deposits 36,001,682 34,054,374 Interest, etc 445,767 445,096 Due to other banks . 269,568 370,312 ASSETS. 1929. 1930. £ £ Cash items 4,981,475 5,835,047 Government and other securities 5,823,370 2,778,551 Bills, etc 2,807,582 1,884,900 Notes, etc., of other * banks 139,878 104,956 Due from other banks 205,654 134,361 Duty stamps 33,109 44,828 Premises 1,256,517 1,274,762 Other real estate ... 07,037 80,005 Advances 32,127,195 33,514,797 The assets total is £45,652,207, against £47,431,823 in 1929. Shareholders' funds amount to £8,612,907, as compared with £8,507,773 at the end of the previous period.

ANGLO-PERSIAN OIL. DIVIDEND, 20 PER CENT. LONDON, May 31. The report of the Anglo-Persian Oil Company for the year ended December 31 shows a record net profit of £5,206,761. The total dividend for the year on ordinary capital is 20 per cent. NEW REGISTRATIONS. The following recent registrations have appeared in the "Mercantile Gazette":— Tudor Builders, Ltd. Capital, £600 in 600 shares of £1 each. Subscribers: Auckland, H. Biggs 50, W. J. Biggs 550. Objects: Builders, contractors and incidental.

Bryant House Airways, Ltd. Capital, £300 in 300 shares of £1 each. Subscribers: Hamilton, B. V. Bryant 100, C. R. < MacDiarmid. 100, R. English 100. Objects: Deal in aeroplanes, etc., and incidental.

Mann Hardware, Ltd.- Capital, £6000 in 6000 shares of £1 each. Subscribers 1 : Tauranga, R. Mann 5800 f.p., D. Mann 100, H. F. Smith 100 Objects: Hardware merchants, etc, and incidental.

J3roadaeres, Ltd. Capital, £150 in 150 shares of £1 each. Subscribers: Pukekohe, H. H. Pattle 74, F. W. Laurin 74, M. S. Campbell 2. Objects: Deal in land and incidental.

Company Charges. Clarke's Cycle Woi-ks, Ltd., to Automobile Finance Co., Ltd. Mortgage, £63; interest in hire purchase agreements, cycles and chattels. Tyler, F. S., Ltd., to E. Tyler. Debenture, £750, 7 per cent; floating security; charges undertaking and all assets. Morgan, J. W., Ltd., to M. L. Whitehouse. Debenture, £800, 8 per cent; charged on undertaking and all property including uncalled capital. Fidelity, Ltd., to F. G. Alpe and others. Debenture, guarantee bank account; charged on undertaking and all property, including uncalled capital. New Polar Ice Cream Co., Ltd., to bearer. Debentures registered, 108 debentures of £100 each, 10 per cent; floating charge on undertaking and all assets, including uncalled capital.