COMPANY AFFAIRS.

Auckland Star, Volume LXIX, Issue 128, 2 June 1938, Page 4

COMPANY AFFAIRS.

INVESTMENT EARNINGS

I BRITISH AND DOMINION. „ , '"The general fall in manufacturing, industrial and banking shares is reflected I in the maiket value ot investments held,' , stales tiie report of the directors of the : British and Dominion Investment Trust j for thu year ended March 31. At the balance iliite investments showed a depre- ; ciatiun ot 3.7 per cent. 1 The accounts show a profit of £2601 for '.thy year ended March 31. There is .£:JJO3 at credit of the profit and lc*=s iiceount and the directors recommend the tC'llowinjj; appropriations:—Transfer to i investment fluctuation reecrve £1000. . in: Teasing this fund to £8000: payment of I a dividend of 3 per cent £1.590. and directors" honoraria £150, leaving £763 to bo carried forward. ! Investments are distributed in the fol- . lowing proportions:— Bonds and debenI tines, 1.">.43 per cent: banks. 20.54; insnr-ani-c. 3.0β; traders. 12.16: manufacturing , and industrial. 43.35; metals, 2.35; invest- . ment trust. 3.11. ] The letiiiiiL' directors. Messrs. W. J. ! Fletcher and E. H. Rhodes, are available I for re-election. j Paid capital is £52,99.1. Assets total ! i'fiti.lfifi. Investments at cost appear at I £52.103. the market value of which at -March 31. 1038. was £40.179. Debtors are £7162 and cash £5709. GOLDSBROUGH, MORT. FINAL DIVIDEND 5 PER CENT. The directors of Goldsbrouph, Mort have ! notified the Stock Exchange that they will recommend a final dividend of 5 per cent for the .-.ear ending March 31. This, with ■ an interim dividend of 2 per cent paid in December, gives a distribution of 7 per cent for the twelve months, compared with 8 per cent the previous year. FORESTRY DIRECTOR. I The chairman of the Bondholders' i Incorporation Commission. New Zealand, Mr. •!. S. Barton, was elected a director ,of the "Westhaven Harbour Land, Coal '■ and Timber Company. Limited, at a meetinsr of the company held in Melbourne. . The company is n land utilisation concern, I with forest areas in Nelson Province. New Zealand, and incorporated in Victoria. I