COMPANY AFFAIRS.

Auckland Star, Volume LXIII, Issue 238, 7 October 1932, Page 4

COMPANY AFFAIRS.

PROSPERITY AHEAD. BROKEN HILL PROPRIETARY. The Broken Hill Proprietary Company ended the financial year with a profit of £103,720, after providing £252,589 for depreciation. In 1931 the earnings were £83,257. Work at the Great Broken Hill Proprietary mine is almost suspended because of low prices for metals, but the iron and steel works and other enterprises are fairly active. There has been a marked improvement in the wire and wire-netting manufacture business. The chairman, Mr. H. G: Darling, said: "I, firmly believe that there is a truly prosperous time ahead, dependent as to time upon the- soundness ofnreconstructtive measures undertaken internally by Australia; perhaps not as speculative as the last prosperous, era, perhaps slow in developing, yet surer in its gains, which, after all, is better for the moral welfare as well as . for the general welfare of the' community." WHITCOMBE AND TOiyißS. DIVIDEND 6 PER CENT PER ANNUM. Whitcombe and Tombs, Limited, Christchurch, has declared a final dividend of 3 per cent, which, with an interim dividend of 3 per cent paid in March, makes a total distribution for the year of 6 percent. A dividend of 8 per cent has been : paid for many years past. SHARLAND AND CO. DIVIDEND 6 PER CENT. (By Telegraph.—Press Association.) WELLINGTON, Thursday. The directors of Sharland and Company. Limited, have recommended a dividend of 6 per cent on both preference and ordinary shares for the year ended August 31. In 1931 6 per cent was paid on preference shares and 3. per cent on ordinary shares. For a number of years prior to 1931 the company paid 7 per cent on both issues. VICTORIA NYANZA SUGAR. (By Telegraph.—Press Association.) WELLINGTON, Thursday. The Victoria Nyanza Sugar- Company has. advised the Stock Exchange Associated that a cablegram received to-day from the plantations states that crushing has been started and that the plantatiohs are now free of locusts.