COMPANY AFFAIRS.

Auckland Star, Volume LXVI, Issue 49, 27 February 1935, Page 4

COMPANY AFFAIRS.

RENOWN COLLIERIES. DIVIDEND PAYMENT. The directors of Renown Collieries, Ltd., have declared an interim preference dividend at the rate of 7 per cent per annum for the period from October 8, 1934, to January 31, 1935. Payment will be made on March 6. The dividend is the first paid since the company was formed nearly 10 years ago. At the annual meeting on October 8, preference shareholders agreed to ai - rear9 of dividend being cancelled, and to the cumulative dividend being reduced by 1 per cent to 7 per cent. At the same time the ordinary share capital was reduced from £120,000 to £72,000 by writing down the shaves from £1 to 12/ each. Preference capital, which was issued in 1928 and the following two years, was left unchanged at £30,000 in shares of 2/6 each. QUILL, MORRIS, LIMITED. AN IMPROVED OUTLOOK. (By Telegraph.—Press Association.) CHRISTCHURCH, Tuesday. The annual meeting of shareholders of Quill, Morris, Limited (in liquidation), wine and spirit merchants, waa held today. Trading operations of the company showed a profit for the year of £3028. Accumulated profits during the. period of liquidation now amount to £6611. The chairman, Mr. 11. J. Otlcy, commented favourably on the position disclosed, referring particularly to the bank overdraft, which was now £7233, as compared with £41,806 at the time of liquidation. He commented also on the increased turnover, both in wines and spirits and in aerated waters and cordials. The report was unanimouiily adopted. The meeting then considered certain reconstruction proposals, which were placed before the shareholders by the liquidators of the company, and on the motion of the chairman, a sub-committee, comprising Messrs. J. S. Middlcton, G. E. F. Kingscote and A. Anderson, was set up to confer with the liquidators and to report to a later meeting of shareholders. AUSTRALIAN DIVIDENDS. The directors of the Australasian Paper and Pulp Company, Ltd., Melbourne have declared interim dividends on preference and ordinary sharee at tho unchanged rate of 4 per cent. Payment will he made on March 11.

The Adelaide Steamship Company, Ltd., has declared an interim dividend of 3 per cent, payable on March 10, lor the half-j ear ended December 31. The interim dividend last year was 2per cent, a linal payment of 3'/£ per cent making (i per cent for the year. A dividend at the unchanged rate of 5 per cent per annum has been declared by the directors of Amalgamated Zinc (De Bavay's), Limited, Melbourne, for the half-year ended December 31. Distribution will be made on April 12.