COMPANY AFFAIRS.

Auckland Star, Volume LXVI, Issue 243, 14 October 1935, Page 4

COMPANY AFFAIRS.

MACKY, LOGAN, CALDWELL. INTERIM DIVIDEND PAYMENT. An interim dividend at the rate of 5 per cent per annum, for the half-year ended August 19, has been declared by the directors of Macky, Logan, Caldwell, Limited. Payment will be made on November 20. The directors report that the sales for the period have improved, and also that the shares of the company have been officially listed by the Auckland Stock Exchange. NORTH AUCKLAND FARMERS. PREFERENCE DIVIDEND PAYMENT. Writing to the Auckland Stock Exchange the secretary of the North Auckland Farmers' Co-operative, Limited, states:— "In reference to the dividend on preference shares which was passed at the annual meeting held last month, so far no date has been fixed for payment. This dividend is. usually paid about-the end of December." DRAPERY IMPORTING COMPANY. PROFIT SLIGHTLY HIGHER. The annual report of the Drapery and General Importing Company of New Zealand, Ltd., shows that the net profit for the year, .liter making full provision for land and income tax, bad and doubtful debts, and depreciation on buildings, fixtures and plant, is £27,305, against £26,584 in the previous year, and £17,120 in 1933. With £31,827 brought forward there is a credit balance in the profit and loss appropriation account of £59,222. On May 1, an interim dividend was paid on preference shares at the rate of 5 per cent per annum for the half-year ended February 20, absorbing £0250, and leaving now available £52,972. This sum the directors recommend be appropriated as follows:—Payment of a final dividend at the rate of 5 per cent per annum on preference shares, £6250; dividend at the unchanged rate of 5 per cent on ordinary shares, £9092; addition to reserve (which will then stand at £89,000), £1908; balance to be carried forward, £35,722. AUSTRALIAN STEEL. PREFERENCE DIVIDEND. WELLINGTON, Friday. Australian Iron and Steel, Ltd., Sydney, advises that a half-yearly preference \ dividend will be paid on November 1. . Payment of dividends on the 7% per cent preference shares was resumed last , J lay. The dividends are now 3V& years ' in arrears. '