COMPANY AFFAIRS.

Auckland Star, Volume LXVII, Issue 46, 24 February 1936, Page 4

COMPANY AFFAIRS.

SILKNIT (N.Z.)

INCREASED PROFITS. — f DIVIDEND 8 PER CENT. A net profit of £0807 is in the annual accounts of Silknit (X./.), Limited, for the twelve months ended December 31. This comparer with £GoCO : earned the previous year. The directors recommend that a dividend of 8 per cent be declared, absorbing £2000, and that the balance, after paying directors' fees, be used to reduce the account. The retiring directors, Messrs. F. P. Bolt and M. Comiery, are nominated for reelection. Chief items in the balance-sheet are:— Liabilities: Paid capital, £25,000; sundry creditors, £8081; income tax provision, £ •5700. Assets: Plant and machinery, £4079; sundry debtors, £13.809; stock, £7868; cash, £910; goodwill, £12,920. During the year a bank overdraft of £8945 has been paid oil'. The previous year's dividend was 12% per cent.

FINANCE CORPORATION, i ARREARS OF DIVIDEND. The Finance Corporation of Now Zealand, Limited, Hamilton, advises that the balance of the preference dividend for the year ended May 31, 1931, is now payable. In terms of the compromise entered into between the company and the shareholders, the payment is one-half of the amount which would otherwise have been payable.

MILBURN LIME COMPANY. SAME INTERIM DIVIDEND. An interim dividend of 3% per cent has been declared by the Milburn Lime and Cement Company, Limited, fo: the six months ended January 31. Similar dividends, together with final payments of 5 per cent, making per cent per annum, have been paid lor the past two years.

NORTH BROKEN HILL. DIVIDEND AND BONUS. The directors of North Broken Hill, Limited, Melbourne, have declared a dividend of 2/6 a share and a bonus ot 1/ a share, payable in Melbourne on March The dividend compares with 1/6 a shave last February. In the last financial year the company distributed 9/ a sha~e, equal to 45 per cent. The current year s distributions already total 7/ a share.

SYDNEY-FIJI DEAL. SYDNEY, February 21. For approximately £80.000, W. R. Carpenter and Company, Limited, of Sydney, has acquired a controlling interest in the form of ordinary shares in Brown and Joske, Limited, general merchants and commission agents, Fiji. Sir Walter Carpenter states _ that the control of the other company's business will be taken over by his company immediately.

PUBLIC COMPANY. New Zealand Dairyfarm Mortgage Companv, Limited. Capital: £100,000. in 100,000" shares of £1 each. Subscribers: Hamilton—New Zealand Co-op. Dairy Company, Limited, 75.000. Auckland— Challenge Phosphate Company, Limited, 24 095, W. Goodfellow. Paeroa —W. Marshall. Matangi—J. T. Bryant. Te Awam,tu—J. T. Young. Otorohanga—J. U. K. Phillips 1 share each. Objects: Lend money on first mortgage of farming land, etc., and incidental.