COMPANY AFFAIRS.

Auckland Star, Volume LXII, Issue 96, 24 April 1931, Page 4

COMPANY AFFAIRS.

WAIHI GOLD MINE., NET PROFIT OF £96,481. A net profit of £96,481 is shown results of the year's working of the Waihi Gold Mining Company, Limited, compared with £85,869 for the previous year. Cabled advice on the results of operations for the year ended December 30 last has been received from the head office in London by Mr. Charles Rhodes, Auckland, director and attorney. The balance of the revenue account from 1929 was £5257. The gross profits, after bringing in the special amount obtained by the reduction of bullion in process of treatment, amounted to £131,644. Taxes accounted for £28,443. depreciation £6720, and the interim dividend absorbed £49,591. The directors now recommend a final dividend of 1/ a share, free of tax, which will absorb £49,591, leaving a balance of £2556 to be carried forward. The dividend will be payable in English currency. The annual meeting of the company is to be held in London on May 7, and the dividend will be paid on the following day. Following is a comparison of the company's results and appropriations for the past three years: — 1928. 1929. 1930. £ £ £ Gross profit... 116,824 117,482 131,644 Taxation 23.347 24,325 28,443 Depreciation . . 7,917 7,288 6,720 Balance .... 85,560 85,869 96,481 Brought forw'd 32,190 18,569 5,257 117,750 104,438 101,738 Dividend at 2/ 99,181 99,181 99,181 Carried forw'd 18,569 5,257 2,557 UNION OIL AND CANDLE CO. The directors of the Union Oil, Soap and Candle Company, Limited, have declared an interim dividend of 9d a share, payable on May 4. This is at the same rate as last year. DALGETY AND CO. (By Telegraph.—Press Association.) WELLINGTON, Thursday. Advice has been received that the board of directors of Dalgety and Company, Limited, has declared an interim dividend of 3/ a share. Last vear the interim dividend was reduced to 5/ a share, equivalent to 10 per cent per annum, and the final dividend was at the same rate. The dividend had previously been 17 per cent for six years in succession. AUSTRALIAN IRON AND STEEL. Cable advice has been received to the effect that the Australian Iron and Steel Company will not pay a preference dividend. The usual dividend has been. 7% per cent per annum. i