COMPANY AFFAIRS.

Auckland Star, Volume LXII, Issue 82, 8 April 1931, Page 3

COMPANY AFFAIRS.

JOSEPH NATHAN AND CO. PEOFIT OF £53,066. 10 PER CENT DIVIDEND. Trie annual report of Messrs. Josepl Nathan and Co. shows that net profit amounted to £65,066, compared wit! £65,377 in the previous rear. After pay ment oi one year's dividend on the 7 pel tent A preference shares, and placing 1'044-0 (against £5000) to reserve, th< directors propose paying a year's dividenc on the S per cent preferred ordinary i-apital, and a dividend of 10 per cent oi die ordinary capital (the first_since 1922) providing for income Tax £4000, leavins £32.701, compared with £32,261. Since the closing of the books the halfrearly dividend on the A 7 per cent prefermce shares, due January 1, 1931, has been paid. It is estimated that the losses arising through the destruction by the recent earthquake of the company's offices at fTastinsrs, and the devastation m the Hawked Bav district, will not exceed £5000. BUF?NS, PHILP (SOUTH SEAS). ANNUAL REPORT. The annual report of Burns, Philp South Seas) Co., Etd., to be submitted to shareholders at Suva on April 14, shows rross earnings from all sources (including balance brought forward) to be £187.231 2'3. less salaries, expenses, depreciation and losses, leaving a net balance of £62,660 ft/9 to be dealt with._ It is proposed to apportion this as follows: —Dividend oi 16 per share oil 750,000 shares (£56.-su), to reserve fund £5000 (making total reserve £ So,000), and the carry forward £1410 9/9. The report states that value of all island produce remained extremely low during the year, and merchandise sales and shippins revenue declined owing to the curtailment. of spending power at the islands. Though creditors have declined^ by £l/,98/, debtors have increased by £11,339, and produce in transit and merchandise by £3233. There has been a rigorous writingdown of properties and shipping, which "are £15,333 lower on the year. Cash has been reduced by £12,993. DALGETY, LTD. LONDON, April 7. Dalgety and C-o.'s shares are quoted at £6 7/6, and 4 per cent debenture stock at £6S. ' _ AMALGAMATED ZINC. On April 10 the Amalgamated Zinc de Bavays, Ltd.. will pay a dividend for the. half-vear at the rate of S_ per cent per annum. The interest carried for the halfvear ended December 31 was £6odo, and the dividends on shares are £t>oo6. expenses. including £2000_ set aside for income tax, absorb £4180. and net profit -for the six months is £7372, compared with £10,067 for the corresponding period in the previous year. -As £^^ ls .k r 9¥£ht "forward there is available £8268. Dividend is again at the rate of 8 per cent per annum.