COMPANY AFFAIRS.

Auckland Star, Volume LXIX, Issue 66, 19 March 1938, Page 4

COMPANY AFFAIRS.

METTERS (NEW ZEALAND.)

INCREASED PROFITS. DIVIDEND 6 PKR CENT. Increased profits and an unchanged rate of dividend arc disclosed in the annual report and accounts of Metters (Xew Zealand). Limited. for the year ended Deeeml)pr 31. Xet profit after providing for inconip tax and directors' lees totals £621ti. compared v illi i".V>f!2 tlie previous year and £5352 in in 3.">. The amount brought foiward fiom last year wa«£2^2l. : leaving a balance of £90:?G available for distribution. The directors recommend a dividend <>f 0 ]>cr rout, absorbing £3Sftfi. The report states that extensions to building* and additions to plant made during the past two years have enabled economies to be affected in working. The j plant has been fully employed and sales although below the level of the previous years have been satisfactory. j Chief items in the balance-sheet are:—l Liabilities: Paid capital. £64.037: sundry 'ci editors and taxation. £11.141. Assets: • Property and plant. £42.540; sundry debtors. £7708: stocks and sharf*. £ 14.755: cash, £20.019. INCREASE OF CAPITAL. . : Tnsulite. l.td. Cipit.il increased to ■ t4.770 by allotment -">7O shares of £1 each. t Best IS. .T.i and Co.. Ltd. Capital l increased to £15.000 (from £7000 i. new share* to be A prefereice shares. Sheffield Silversmiths. Ltd. m ( apital increased by addition of £500 beyond 1 ivzistcrcd capital of £ 1000. II on ry \ 1)J and Co.. Ltd. C apital in<:vn>od by addition of £10.000 beyond ' registered < apital of £30.000. A' < ountinir Service?. Ltd. Capital •fid ri>o \ by addition of £.VX) beyond ■ ie;iu»terrd cipital of £ 1000. j