COMPANY AFFAIRS.

Auckland Star, Volume LXVIII, Issue 158, 6 July 1937, Page 4

COMPANY AFFAIRS.

ENTRICAN, SIMS AND CO

IMPROVED BUSINESS,

ORDINARY DIVIDEND I x k PER CENT In their thirty-third annual report for the year ended March 31 the directors of A. J. Entrican, Sims and Co. state that trading has been very satisfactory, showing slightly increased turnover and a profit sufficient to warrant their recommending a dividend to both preferential and ordinary shareholders. Confidence is expressed in the future outlook. After providing for land, income and debenture tax and directors' honoraria, there remains a net profit of £1305. This, together with the amount at credit of the profit and loss appropriation account, £1873. gives a sum of £3178, frem which the directors recommend that a o per ce.nt dividend be declared on all preference shares and IVz per cent dividend on ordinary ehares, which will absorb £1030. leaving a balance of £1647 to be carried forward. Chief items in the balance-sheet are: — Liabilities: Paid capital. £43.334; Bank of New Zealand (secured), £31.339; debentures, £20,000: mortgage, £6314: sundry creditors, £41,662. Assets: Property, £38.208; stock, £34,316; sundry debtors, £62,961; investments and cash', £9434. NEW ZEALAND INSURANCE. FINAL DIVIDEND 1/ PER SHARE. The directors of the New Zealand Insurance Company, Ltd., have decided to recommend to their shareholders at the annual meeting on August 10 the payment of a dividend of 1/ per share for the half year, making a total disbursement for the year of 2/. This is the same rate as has been paid in recent years.