COMPANY AFFAIRS.

Auckland Star, Volume LXVI, Issue 139, 14 June 1935, Page 8

COMPANY AFFAIRS.

GOLDSBROUGH, MORT. UNCHANGED DIVIDEND. (By Telegraph.—Pross Association.) WELLINGTON, Thursday. A cable from Goldsbrough, Mort reads: Net profit to March 31 last was £101,188. Brought forward from last year £177,188, making £278,376. less interim dividend 2 per cent December last, £48,000. The directors recommend a final dividend of 1 per cent, absorbing £96,000, which, with the interim dividend, makes a total distribution of 6 per cent for the year. A transfer to the provident fund totals £3000, and the carry forward is £131,376.

The net profit shows a decrease of £97,643, compared with the previous year. A fair idea of the trend of the company's affairs over the past thiee years can be gained from the following figures:— 1032-33. 1933-34. 1934-35. £ € £ Brought forward 108.372 125.350 177.15S Net profits 75.95-1 198,531 101,1SS 187,350 324.1 S7 275.37*! Provident fund . . 2,000 3,000 3,000 Dividend, p,c ... 2J (i 6 Amount 60,000 144,000 144,000 Carried forward . 125,350 177,15" 131.370 ROBINSON ICE CREAM. ANNUAL MEETING HELD. There was a large attendance of, shareholders in the Robinson Ice Cream Company at the annual meeting held yesterday. Mr. .T. Sayegh, chairman of directors, reported that the company had experienced a very satisfactory year, due large]}' to the favourable summer. The report and balance-sheet were adopted. A motion to pay a bonus of 3d a share in addition to the 7 per cent recommended by the directors was defeated. Shareholders considered a motion to increase the number of directors from five to seven, but this was lost. The retiring directors, Messrs. T. Baster and E. Walker, were re-elected. Directors' fees were fixed at the same as in the previous year, a total of £2QO.

A resolution was passed recommending the directors to consider the restoration of all cuts in salaries and wages paid by the company.

CLAUDE NEON (VICTORIA), LIMITED

J Official quotation was granted by the Stock Exchange of Melbourne on May 31 to 60,000 fully paid £1 ordinary shares in Claude Neon Lights (Victoria), Limited. After three years of "strenuous effort" to establish "Claude Neon" signs in Victoria, business showed a large increase in the latter part of the year ended June 30, 1933, and sales improved by 93 per cent in the following year. At a meeting held last month shareholders were ihtormed that earnings were improving steadily, and that there appeared to be little likelihood of the dividend rate falling below G per cent. A distribution at that rate would require £3600, as compared with the 1034 profit of £2750.