COMPANY AFFAIRS.

Auckland Star, Volume LXVII, Issue 292, 9 December 1936, Page 4

COMPANY AFFAIRS.

ASSOCIATED NEWSPAPERS. DIVIDEND 6 PER CENT. In their seventh annual report, the directors of Associated Newspapers, Ltd., state that net income from trading and investments in other countries, after providing for taxation for the year ended September 27, amounted to £ 184,553, compared with £170,770 last year. Preference and ordinary dividends are unchanged at (i per cent, requiring £153,059. A sum ot £20,000 is transferred to general reserve, and £21,364 is carried forward, against £9872 brought into the accounts. I lie directors point out that there was an increase in the carry-forward of Sun Newspapers, Ltd., of £53,74.1, representing undistributed profits oil the year s operations of that company. This would make the total profit for the year £238,292. After giving details of changes in newspaper holdings during the year the directors state: "In view of the fact that Associated Newspapers, Ltd., lias now only one active subsidiary company Sun Newspapers, Ltd. —the whole of whose shares arc owned by Associated Newspapers, Ltd., the directors have had under consideration the desirability of consolidating their interests and reducing the operating expenses lay an amalgamation of tiiesc two companies.