COMPANY AFFAIRS.

Auckland Star, Volume LXVIII, Issue 308, 29 December 1937, Page 4

COMPANY AFFAIRS.

GREATER J. D. WILLIAMS. I ■ TWO YEARS' OPERATIONS. The report of Greater J. D. Williams Amusement Company, Limited, covers practically two years from December 28, 1935, to December 15, 1937. Profit derived wholly from rentals, which were £5300 for " December 28, 1935, to January 2, 1937, and £4950 from January 2, 1937, to December 15, 193.7, amounted to £1512 for the former period and £1458 for the latter. From the balance of previous accounts £18,287, a sum of £1000 has been provided for doubt--1 ful debts and, with the profits stated, there is carried forward £20,258. j During the period under review, no divij dends were received from Greater Union j Theatres Proprietary, Limited, nor from 3 Australasian Films (Holdings) Proprietary, i Limited. » No amount was paid or credited to directors during the period covered by the „ accounts. Shareholders are furnished with [i a copy of a report received from the chairman of directors of Greater Union Theatres Proprietary, Limited, relative to that company. r HUME STEEL'B PROGRESS. ( — j The acting-chairman of Hume Steel, Limited (Senator McLachlan) said at the annual meeting in Melbourne, that the year had been a very successful . one. Profits had been distributed over 1 various sections of the company's organisation. Both in New Zealand and in the . Commonwealth there had been an improve--5 ment in profits, although the selling price or the company's products was the lowest on record. Referring' to the statement in r the directors* report that an agreement : IT had been reached for the working of some of the Hume patents in Great Britain, Senator McLachlan said that it would be premature to make any further announcement. The prospects for the year were bright, but the directors did not propose to pay an ordinary dividend, as they considered it advisable to consolidate the finance* of the company.