COMPANY AFFAIRS.

Auckland Star, Volume LXIII, Issue 208, 2 September 1932, Page 4

COMPANY AFFAIRS.

KAIAPOI WOOLLEN CO. FURTHER LOSS OF £3195. (By Telegraph.—Press Association.) CHRISTCHURCH, Thursday. The annual report and balance-sheet of < the Kaiapoi Woollen Manufacturing Com- ' pany, Ltd., states that trading -conditions i during the year were exceedingly difficult , and the result of the year's operations 1 disclosed a loss of £3195. Operating -ex- < penses during the year were reduced by J

£8510; stocks were reduced by £44,950, and were now conservatively valued at £241,368; properties and plant were maintained in first-class order and additions totalling £2856 were made during the year. Shareholders are assured that these assets are conservatively valued. To make up the loss it is proposed to transfer £1020 from the marine insurance reserve and £1848 from the accident insurance reserve. This r with the balance of £356 brought forward last year, will enable £29. to be carried forward. TARANAKI OIL FIELDS. FORFEITED SHARES. Taranaki Oil Fields, Melbourne, has fidvised the Stock Exchange Association of New Zealand that the sale of shares forfeited for the non-payment of the seventh call has been postponed. The seventh call, which increased the paid-up value of; the shares to 24/6, became due' last October. An eighth call of 6d a share was also made, but sub-sequently-dropped in view of the negotiations i which were eventually brought to & successful conclusion with the Vacuum Oil Company Proprietary, Limited.