COMPANY AFFAIRS.

Auckland Star, Volume LXI, Issue 219, 16 September 1930, Page 4

COMPANY AFFAIRS.

N;z. FARMERS' CO-OPERATIVE. LESS PROFITS LAST YEAR. (By Telegraph.—Own Correspondent.) CHRISTCHURCH, Monday. The annual report and statements of accounts of the New Zealand Farmers " Co-operative' Association states tli'u t the gross profit for the year .amounted to . £190,743, and the net profit to £19,031, . which, with the balance of profit of £19,132, carried forward last year, showed £38,164 to the credit of. the profit and loss account. The diminished gross profit was due partly to reduced commissions on the sales of wool, live stock,'etc., owing to the greatly reduced prices, and •partly to the consequent withdrawal from sale of a proportion of the usual wool and live stock turnover. The directors recommend the transfer of . a further sum of £20,000 to the special : reserve account inaugurated two years ago, which would then stand at £40 000: the transfer of a sum of £5000 to the reserve against alterations and plant account; the payment of one year's dividend of 6 per cent on the first preference shares amounting to £9000; and that the balance of £4164 be. carried forward. NEW COMPANIES. The following- private companies have been registered in Auckland:— Gate Pa Dairy Company, Limited, Gate Pa, Tauranga, ;milk. vendors, dairy farmers, etc. Capital: £3400, in £1 shares. Subscribers: N. E., Collett. 1740 sharesB. Tuthill, 1214 shares;-A.. E. Tuthijl,'446 shares. .•';••• ■ • I Ideal Safety Hook Company, Limited, Auckland. Objects:. To acquire and take over the-.whole of the rights and interests of Richard Barry and others in a device knows as ft safety sling hook.. Capital: -£I.'shares. Subscribers: G. W. ' Anderson, R- Barry, J Croll and A. Stanners, 150 shares each.