COMPANY AFFAIRS.

Auckland Star, Volume LXIV, Issue 99, 29 April 1933, Page 4

COMPANY AFFAIRS.

■ """"" IMPERIAL CHEMICALS. ! LAST YEAR'S RESULTS. The directoi's of Imperial Chemical In- j dustries, Limited, London, announce that the gross income for the year 1932 amounts to £0,415,423, as compared with £4,668,085 for 1031. After allocating £1,000,000 to central obsolescence and depreciation fund and providing £080,351 for the company's income tax, the net income for toe year amounts to £4,729,072, as against £3,408,200 for 1931, or an increase on 1931 of £1,320,782. With the balance brought forward from 1931 of £516,825, the total balance available is £5/245,807. After providing £1,586.751 for the dividend on the preference shares and £1,089,740, equivalent to 2tSs per cent interim dividend on the oidinary shares, paid on December 1, 1932, the directors have appropriated £yOO,OOO to general reserve, and have decided to recommend a final dividend on the ordinary shares of 3Va per cent (actual), less income tax at the standard rate in force for 1.033-34 (reduced by relief in respect of Dominion income tax at the rate of 2Vkl m the £), making 0 per cent for the year, j and absorbing £1,525,636. This loaves a j balance of £543,770 to be carried forward i to 1933. ! The final dividend on the ordinary I shares will be payable on June 1, 1933, to ! the shareholders on the register of mem-1 bers at April 13, 193-3. As under the articles of association, the deferred shares do not rank for dividend until the ordinary shares have received 7 pet cent, no dividend is payable on this of share for the current year. The annual meeting of the company was held in London on April 11. DONAGHY'S ROPE. DIVIDEND 10 PER CENT. (Ey Telegraph.—Press Association.) DUNEDIN, this day. The directors of Donaghy's Rope and Twine Company recommend a final dividend of lOd a share from the trading account and 5d out of income from investments, making 10 per cent for the year. THE YEAR'S PROFIT. | (By Telegraph.—Special to "Star.") ( DUNEDIN, this day. ! Donaghys Rope and Twine Company's profit for the year was £5650 19/10. This, with last year's carry forward £2570 14/6, and less the interim dividend paid in Octobcr amounting to £1762 10/, leaves available for distribution £6459 4/4. After paying a dividend of 10 per cent for the year, the amount, carried forward to next year is £3521 14/4. ! Last year the net profit was £3840 and I the year before it was £0011.