COMPANY AFFAIRS.

Auckland Star, Volume LXVI, Issue 261, 4 November 1935, Page 4

COMPANY AFFAIRS.

BANKING PRO-FITS. ENGLISH AND SCOTTISH. HIGHEST ES" RECENT YEARS. (Received II £.12.) LONDON, November 3. Trie E., S. and A. Bank records a proa of £213,579 for ihe year. Interim divi fund £ 15..C00. The amocmt brought in" ws £275,7*7. It- is proposed to further appro fund, £SGOu; a 2ti p-er cent dividend, t*3 free, £75,C0}: contingencies reserves £50,000; carry forward, £229,326. Net r-rofits in recent rears have been:— 1332, " £147,719: 1333. £219.327; 1534 £221,565. Tee dividend has been unalterec tax free. SOUND POSITION. HAMILTON STARR BOWKETT. Satisfaction with the sound Snancia position was expressed, by shareholders a' the annual meeting of the Hamilton Stan Bowkett Building Society. Mr. A. E Manning presided. It. ttss stated thai £50,003 had been advanced in 12 years and subscriptions amounted to £26,0®) Total savings of members now amounted to £32,0X>. The retiring directors, Messrs TV. Bourne and F. Bullock, were reflected MOSGIEL WOOLLEN CO. 10 PER CENT DIVIDEND FOR YEAR (3y Telegraph.—Own Correspondent.) DUNEDIN, this da?. The annual report of the Mccg.el Woollen Co. states that although the yea: trading and there was a decided drop in the vaic&s of wool, tie directors are able to show satisfactory rcsiute. Atter tns payment of an interim dividend on April 6, ' which absorbed £3513 4/, providing £40M for depreciation and transferring £3000 to reserve, there remains a balance of £ i 7,299 7 2. The directors recommend a Snat dividend of 4 per cent and a bonas of 2 per cent to be paid, absorbing £j.22 16. an 5 ! making 3 total of 10 per cent lor the yea:. This leaves £11,576 11,2 to be carried forward. NESTLE PROFITS. INCREASED NET EARNINGS. A profit of £ 107,400 is disclosed in the accounts of Nestle and Anglo-Swiss Condensed Milk (Australasias, Limited, for the year ended Jane 24, compared wish £ Co. 103 in the previous year. The profit is struck after transferring £52,40*3 to depreciation reserve and £3-3000 10 taxation. In 1334 the transfers were £78 .COO £0 depreciation reserve and £31,509. to taxation. The S per cent preference dividend requires £ 50,030, and ordinary dividend is recommended at Its per cent, absorbing £ Io,GOO. VV ith — brought into the accounts, there is £3355 to be carried forward. Both preference and ordinary dividends are unchanged. NEW PRIVATE COMPANY. The following private company has been registered in AucUand: — Mills Money Saving Stores, Limited. Caoital: £1550. in £1 shares. Subscribers: R ".T. Mills, 1250 shares; R. C'. Mills, G. T 'Kp;'* and T. S. Mills, K»3 shares each.