COMPANY AFFAIRS

Auckland Star, Volume LXVII, Issue 236, 5 October 1936, Page 4

COMPANY AFFAIRS

NORTHERN ROLLER MILLS. 1 REDUCED EARNINGS. I LOWER INTERIM DIVIDEND. 1 In issuing a dividend warrant for the half year ended August 31. the directors of the Northern Roller Hilling Co., Ltd., state, inter alia: — "Your directors regret to inform you that owing to the regulations introduced by the Government, namely, 1-eduction of output, fixation of price, increase in income tax and graduated land tax, the company has not earned sufficient to pay this dividend and has had to use some of the undivided profits. Another factor has been the poor quality of the wheat, which means the extraction of less flour and more offal. Strong representations as to the injustice of the conditions imposed on the company's-business have been made to the Minister of Industries and Commerce, also to the Minister of l'inance, but so far without result." 'Your board feels that this company, i after a successful life of 30 years, has a I right to be allowed to carry on its busiliess with a reasonable margin of profit. Ihe board will continue to press upon the Government the necessity of doing justice to_ our old-established industry/' The dividend is at the rate of 4 per cent per annum, the same rate as was paid 'for the previous half year. CENTENNIAL EXHIBITION. NEW WELLINGTON COMPANY. The ew Zealand Centennial Exhibition ''' been registered in V\ eJangton. Its objects are to promote, prepare for, open, conduct and manage an exhibition of natural products and of the products of industry, science and art, and of such other exhibits, to make provision for the entertainment and refreshment of visitors to the said exhibition, and incidental Capital: £150,000 in 150,000 shares of £1 each. Subscribers: Wcllin< T - T on Hislop, D. J. McGowan, C. «'• or wood, Will Appleton, C. W. Earie, C. Todd, W. McLay, J. T. Martin, C. M. 1 urrell. Sir A. F. Roberts, F. Campbell, J. M. A. Ilott, 100 shares each.

NEW REGISTRATIONS. The following companies have been registered in Auckland:— Public. Newton l'lat Gold Sluicing Company, Ltd., miners at Newton Flat, Buller River. Capital: £12.000 in 100,000 ordinary 2/ shares, and 20,000 ordinary -/ vendors' shares. Subscribers: R. E. Brett, A. 11. Cranwell, H. E. Sharp, <• Ayson, J. F. Best, R. H. Stanley, 11. V\ . bmalos, one share each. Private. H. L. Duncan, Ltd., carriers and quarry operators, Tauranga. Capital: £1820 in £1 shares. Subscribers: H. L. Duncan, 1710 shares; W. T. Crap, 100; Moira Duncan, k*. 1). kcl wards, five each. „ F - G. Rose and Sons, Ltd., joiners. Capital: £1000 in £1 shares. Subscribers: K G. Rose, 700 shares; Mary Rose, Doris E. Rose, F. H. Rose, A. S. Rose, H. S. Kose, D. A. Rose, 50 each.