COMPANY AFFAIRS.

Auckland Star, Volume LXII, Issue 153, 1 July 1931, Page 4

COMPANY AFFAIRS.

SANFORD, LIMITED. REDUCED PROFITS FOR YEAR. NO DIVIDENDS FOE ORDINARIES. The. twenty-seventh annual report of Sanford, Ltd., states that the net profit for the year ending May 31, after providing for depreciation and income tax, was £2185. The amount brought forward from last year was £846, leaving available for appropriation £3031. The directors recommend payment of a dividend on preference shares of 7 per cent, absorbing £1400, to pay excess income tax £72, write off investments £1446, and carry forward £114. The retiring directors, Messrs. E. C. Hammond and F. M. Hills, are nominated for re-election at the annual meeting, which takes place on July 9. For several years 7 per cent dividend was paid regularly both to preference and ordinary shareholders, but last year only preference shareholders received this amount, the distribution for ordinary shares being ZVt per cent. Last year the net profits were £3664, and for the year ended May 31, 1929, £8133. .

NEW REGISTRATIONS.

Three new companies, one public and two private, have been registered in Auckland. Details are as follows:— Public. The Taupo Exploration Company, Ltd., gold miners, etc. Capital, £7500, in 30,000 shares of 5/ each. Subscribers: H. P. Knutzen, A. Hemrnings and T. Qillari, SOO shares each; J. Martin, 600 shares; J. Hume, 400 shares, T. A. H. Oliphant, 10 shares; Marjorie B. Drummond, 1 share. The principal object of the company is to hold, work, manage and develop the resources of euch areas of land in the Taupo district as may be decided upon by the directors and to win gold from such i areas and claims. Private. Marua Estates, Limited, farmers, livestock dealers, graziers, runholdere, dealers iin machinery, etc. Capital, £6000, in £1 ehares. Subscribers: A. W. J. Abbott, M. Harding and It. T. Michaels, 1225 shares each; F. A. Abbott and C. H. Abbott, 2325 shares hold jointly. Cashrights, Limited, importere, exporters, wholesale and retail dealers in fancy goods, stationery, books "and publications, drapery, haberdashery, etc. Capital, £5000, in £1 shares. Subscribers: C. Rawlinson, 2175 shares; G. C. Munns, 1475 shares; Mary E. Ratfjinson, 750 shares; Clara E. Mnnne, 40u shares; H. M. Bawlinson, 200 shares.