COMPANY AFFAIRS.

Auckland Star, Volume LXIV, Issue 134, 9 June 1933, Page 4

COMPANY AFFAIRS.

GOLDSBROUGH, MORT,

FINAL DIVIDEND 2% PER CENT,

Advice has been received by the Auckland Stock Exchange that the directors of Goldsbrough Mort are recommending a final dividend of per cent. This is the same rate as was paid last year. GEAR MEAT CO. NO INTERIM DIVIDEND. The directors of the Gear Meat Preserving and Freezing Company of New Zealand, Limited, have decided to omit an interim dividend for the current year. Payment usually is made this month, and last year 6d a share was distributed, this rate having been maintained for some years. The company's accounts are made up to November 30, and no final dividend was paid last year, which ended with a loss of £7615. A later telegram received by the Stock Exchange states that the directors have decided that, as the company is weighted this year with a debit balance of_ £20,000, incurred over last year's operations, the board has deemed it inadvisable to pay an interim dividend, but there is a fair prospect that the results of this year's working will enable the board to provide a division of profits at the end of the year.

WEST COAST PINES (FIJI). (From Our Own Correspondent.) SUVA, May 22. A matter of moment to the colony, as well as to the many citizens who have invested in the shares of the West Coast Pines, Ltd., was the general meeting called at Nandi to consider winding up the company. The proposal arose not from a failure of the company to can marketable goods, but because in a moment of fine optimism .it guaranteed to deliver in London more canned pines than was warranted by the average output. As a result the company was called upon to pay a London bank some £1500, in lieu of short delivery. The capital was just sufficient to carry it through the coming year's pack. The meeting agreed to carry on until July 31, to allow of arrangements being made to relieve the chairman, Mr. Grahame, of the guarantee for the overdraft. It is hoped that the company will be able to carry on, as the canned fruit it has produced has found markets in Britain, Europe, New Zealand and Canada. The company already has a large number of tenants and other farmers, both European and Indian, dependent upon its carrying on, and a substantial amount of capital, and work has been expended by these people upon cultivation and production.