COMPANY AFFAIRS.

Auckland Star, Volume LXVI, Issue 58, 9 March 1935, Page 4

COMPANY AFFAIRS.

NEW ZEALAND DRUG CO. FINAL DIVIDEND RAISED. (By Telegraph.—Press Association.) DUNEDIN, Friday. At a meeting of the directors of Kemp-. thorne. I'rosser and Company's New Zealand Drug Company, Limited, this afternoon a dividend of 4Ms per cent was recommended, making S per cent for the year ended January 31. This compares with full dividends of "tV-z per cent paid in the previous three years. WHITE STAR LINE. SHAREHOLDERS' WISHES. LONDON, March 7. A meeting of the White Star Linei was adjourned for a fortnight following repeated demands from the shareholders for compulsory rather than voluntary liquidation. SHARE CAPITAL. PROPOSED REDUCTION. An extraordinary general meeting of shareholders of the Canterbury Farmers' Co-operative Association, Ltd., has been called at Timaru for March 29, to discuss the following resolution: — " That all the share capital of the company bo reduced from £337,500 divided into fiO.OOO ordinary shares of £3 15/ each, 15,000 preference shares (the issue created on October 12, 1912) of £3 15/ each, 10.000 B preference shares of £3 15/ each, 5000 C preference shares of £3 15/ each, and 10 000 D preference shares of £3 15/ each to £225.000 divided into 50,000 ordinary shares of £2 10/ each, 15,000 prefei r cnco shares (1012 issue) of £2 10/ each, 10,000 B preference shares of £2 10/ each 5000 C preference shares of £2 10/ each, and 10,000 D preference shares of £2 10/ each, and that such reduction be effected by cancelling paid-up share capital which is lost or is unrepresented by available assets to the extent <>[ .CI 5/ in respect of each of the ordinary and preference shares.