COMPANY AFFAIRS.

Auckland Star, Volume LXVII, Issue 22, 27 January 1936, Page 4

COMPANY AFFAIRS.

CHRISTCHURCH GAS CO. \ NET PROFITS LOWER. Although tho net profit of the Christ church Gas, Coal and Coke Company, Limited, for the year ended December 31 ; 1935, is lower than that for the previous 1 period, the balance-sheet shows an i improved liquid position. Deposits at call and bank overdraft ; have been wiped out and fixed and current , deposit accounts show an additic nal ' £17,43(3 in assets. Net profit is £23,90J ; 15/, to which is added £9259 15/2 brought forward, making a balance available of i £33,165 10/2. Dividend at 7 per cent makes an increase of 1 per cent. The report 6tates: — "The sales of gas amounted to 426.649,900 cubic feet, an increase of 1,603,900 cubic feet, which, considering the difficult trading conditions existing, must be considered satisfactory. "Your directors are pleased to stati that the cut in wages and salaries was fully restored as from January 1, 1935. This restoration represents an increase of approximately £4200. "Provision for depreciation has been made on the amended scale as provided for in last year's accounts, and the profit and loss appropriation account shows a balance of £33,105 10/2. "Your directors recommend the payment of a dividend of 4 per cent, which, with the dividend of 3 per cent already paid, will absorb £25,160 8/9; and to carry forward a balance of £8005 1/5. "The duties and responsibilities of the directors having been considerably increased, the following proposal will be submitted to the shareholders at the meeting to be held on February 4:—'That as from January 1, 1936, and until otherwise determined in general meeting, the directors shall be paid out of the funds of the company for their attendances at board meetings the sum of £1100 per annum. All such remuneration shall be divided amongst the said directors as they may determine.'" Following are the company's results for the past three years:— ( , 1933. 1931. 1935. £ £ £ Rrought forward. 8,068 8,142 9,260 Net profit 21,489 27,348 23,905 £29,557 £35,490 £33,165 Dividend p.c. ... 6 6 7 Amount 21,252 21,456 25,160 Renewal fund ... 163 2,000 — | Reserve fund ... — 2,774 — Carried forward . £5,142 £9,260 £8,005 NEW REGISTRATIONS. PRIVATE COMPANIES. The following recent registrations have appeared in the " Mercantile Gazette —

Una Hill Consolidated Gold Mines, Ltd. Capital: £25,000 in 500,000 shares of 1/ each. Subscribers: Auckland—H. G. Milburn 2000, G. G. Keefe 500, O. N. Johnston 200, M. M. Mellor 100, D. E. Stacey 100. Objects: Gold mining, etc., and incidental. ; Robinson (W. "V.), Cheyne and Co., Ltd. Capital: £200 in shares of £1 each. Subscribers: Rangiriri—E. B. Austin 100. Auckland—L. L. Cheyne 100. Objects: Indent and commission agents, etc., and incidental. Metho Meat Mart, Ltd. Capital: £2000 in shares of £1 each. Subscribers: Auckland—G. G. Marriott 250, F. W. Herbert 250, E. V. Owen 500, P. Landelle 500, M. Maher 500. Objects: Butchers, ctc., and incidental. Agency Co., of New Zealand, Ltd. Capital: £3000 in shares of £1 each. Subscribers: Christchurch —W. S. Bussell 1409, G. P. Sage 1490, T. E. Fisher 2. Objects: General merchants, agents, etc., and incidental. Showboat, Ltd. Capital: £500 in shares of £1 each. Suliscribers: Auckland—H. O. England 1, M. H. McLennan 499. Objects: Amusements, etc.. and incidental. Hardie Trading Co. (N.Z.I, Ltd. Capital: £1000 in shares of £1 each. Subscribers: Sydney—.Tames Harding Trading Co., Ltd.. 500. Melbourne—Harding Trading Proprietary, Ltd., 500. Objects: Merchants, importers, etc., and incidental.