COMPANY AFFAIRS.

Auckland Star, Volume LXVIII, Issue 46, 24 February 1937, Page 4

COMPANY AFFAIRS.

WALDAS SHOES, LIMITED. IMPROVEMENT IX BUSINESS. The directors of Waklas Shoes, Limited, Sydney, have declared an unchanged interim dividend of J per cent on preference shares, payable on March 6. In a circular the directors state that they could have paid an interim dividend on ordinary shares from profits earned, but as the practice has been to declare these payments annually, they will not depart from precedent. The circular states that for the past halfyear business has been satisfactory. During the six month** ended December' 31, 1936, more shoes were sold than in the corresponding six months of 1933. An increased gross turnover in money also has been achieved for this same period. Although the shoe trade generally has had a difficult time due to rising costs of raw materials and wages, and the fact that selling prices have not immediately been able to be raised with each rise, nevertheless, the company has made satisfactory profits, and with the increases in selling prices now overtaking the increases in costs of manufacture, tin l management is confident of a good return and steady progress during the coming year. This is shown by the facts that for the first five weeks of trading for this year, factoryproduction has increased by 10 per cent and the retail shop trade has shown an increase of approximately 10 per cent also, both compared with the corresponding period of 1936. GONE TO ALLOTMENT. NATIONAL DISCOUNTS, LTD. Meesns. E. A. Frethey and Companv, stock and sharebrokers, advise that National Discount*. Ltd. (Sydney, Australia), have gone to allotment. NEW REGISTRATIONS. The following new companies have been registered in Auckland:— Public. Commercial Credit Corporation. Ltd promoters and financial agents. Capital: preferential shares, and 4000 10/ ordinary shares. Subscribers: A. M. Grant. R. L. Byrne. W. A. Webb, R. C. J. Anderson, 10 preferential shares each; G. L. Laird. 1800 ordinary; R. W. Lock, 1780 ordinary; O. N. Johnston, 400 ordinary: W. R. Budge, S. Tricklebank, 10 ordinary each. Private. Campbell Craig Holdings, Ltd., investment agents. Capital: £5000 in £1 shares. Subscribers: Campbell Craig and Co., Ltd., 4994 shares; C. S. Turner, E. G. Harper. K. C. Campbell. C. C. Shepherd, L. J. Keys, S. E. Scott, one each. Lumolite (Australasia), Ltd.. electrical advertising agents. Capital: £500 in £1 shares. Subscribers: H. Koning. Mrs. M. Koning, 1.50 shares each; A. Holt, 125; C. Sinel, 75. Increase of Capital. Cutler (H. J.) and Son. Ltd. (Auckland). Capital increased by additional £400 beyond registered capita] of £3169. Reduction of Capital. Hamilton Investments, Ltd. (Auckland). Capital diminished ajid reduced from £5000 to £ 100 in shares of £ I each.