COMPANY AFFAIRS.

Auckland Star, Volume LXIX, Issue 99, 29 April 1938, Page 4

COMPANY AFFAIRS.

LEWIS EADY, LIMITED. INCREASE IN PROFITS. ORDINARY DIVIDEND RAISED. A net profit of £7(>77 is shown in "the ' accounts of Lewis Eacly, Limited, for the year ended March 31. This compares! I with £5207 in the previous year and I Jt;:tf!2.") in 103.1-36. j After paying taxes, preference dividend j and director.*' Ires. requiring L'.'fHH. j against £2874 ill the. previous year. C 44.'54 is Wrought into the accounts, making I £12.111 available. A wum of 4J2,JO<) is i transferred to income tax reserve. 'Die ! directors now recommend a preference i dividend at the late o; t> per cent per j annum for tin- half-year ended March 31, i due on June I. to l>e paid immediately. I and a final dividend on ordinary shares • I of 4 per cent, making 7 per cent for the ;j year. Thin compares with 5 per cent in . 1037. which was the first distribution nince i ]!?:«>. The proposed pnynients will 1 require i! 124(i. reducing the floating bali iince to £836"). 'Tlie retiring directors. Mr. H. 0. F.ady. , representing the ordinary sliareholilers. land Messrs. X. R. Worn Held and ('. K. j Mills. representing preference shareholders, otter themselves for re-election. Movements in the balance-sheet compare as follows: — LIABILITIES. t £ Capital 37.177 Same Bank — --:; sic Money on deposit ••-. 4.!>~:: -::o-_: , Credit or*. I'll- l.i'.xs —20.s llisillillli'i' ri'servi' .... riiiii Same I iniMune tax risi'rve .... 2.."i0n 4 i'..")on . I'nitit and l.n*x Ao-nunt M.UII -M !)X I ASSETS. . Properly and plant ... 33.723 —I.|>:; - J i Investments linn Same i Debtors 11<2.17 1.4-18 I Stock 11,054 -f j Cash Sii -i-Sti The tot 11 of assets is £56,720. an increase of £150. The paid capital is divided into 24.530 ordinary sharps of 10/ 2 each and 25.182 preference shares of £1 - i each. ' I In their report the directors stated that. " j apart from the very satisfactory trading result for the year, a notable achievement was the. solid financial position now • I enjoyed by the company, the outcome of • the consolidation policy persistently purI sued by the board. \ j WOOLWORTHS' SHARES. } r "PROPERTIES -, PREFERENCES. 2 iUy Telegraph.—Tress Association.) 2 WELLINGTON*, Thursday. I j The Stock Exchange Association has .' . been advised by the general' manager of j j Woolwortlie (X.Z.), Limited, that advice I 1 has been received from Wool worths. ) '. Limited, that owing to complication* aris--1 ing in connection with the rights of j ordinary shareholders to apply for pre- [ ference shares in Woolwortli.s Properties. 3 ; Limited, the directors of Woolworths 1 I have decided to register on May 14 all ] transfers of shares purchased prior to i April 23. They will send out notices to ' , new shareholders and also to old sharcr . holders where their holdings have been j increased in consequence of this action. : thus not reducing the existing rights of ! shareholders registered on March 31. > DOMINION FERTILISER. I I o! SIX PER CENT DIVIDEND. >t (By Telegraph.—Press Association.) ° DUNEDIN, Thursday. ''■> The directors of the Dominion Fertiliser Company. Limited, have leoided to recouih mend a dividend of 6 per cent for the rs year ended March 31. In the previous i year 5 per cent wae distributed.