COMPANY AFFAIRS.
G. J. COLES CAPITAL. INCREASE TO £2,000,000. (By Telegraph.—Press Association.) WELLINGTON, Monday. The directors of G. J. Coles and Co have advised the Stock Exchange Asso ciation that it is proposed to increase tin capital to £2,000,000 by the creation o an extra 500,000 £1 ordinary shares am 500,000 B cumulative preference 8 per cen shares. The authorised capital at present ii £ 1,000,000, of which £873,000 is paid up £150,001) in 8 per cent preference share: and £723,000 in ordinary shares. During the year ended June 30 the compani earned £154.850. a record profit. Tin preference dividend required £12,000 anc ordinary dividend of 12% per cent absorbei £99,850. If all the preference shares ar< issued a further £40,000 will be requirec before the ordinaries participate.
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Bibliographic details
Auckland Star, Volume LXVII, Issue 195, 18 August 1936, Page 4
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127COMPANY AFFAIRS. Auckland Star, Volume LXVII, Issue 195, 18 August 1936, Page 4
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