COMPANY AFFAIRS.

Auckland Star, Volume LXX, Issue 88, 15 April 1939, Page 4

COMPANY AFFAIRS.

BANK OF NEW ZEALAND.

DIVIDEND MAINTAINED. MAKES 10 PER CRXT FOR YEAR.

A final dividend of 1/ a share, making 10 per cent for the year, is recommended hy the directors of the Bank of New Zealand. In addition it has been decided to pay a bonus o; ~Vi per cent to the staff.

The chairman of directors of the bank, Mr. A. T. Donnelly, has been re-elected for the ensuinc year. The annual meeting rif b-harolioliler.s is usually held early in June in Wellington.

Mr. A. T. Donnelly,

The dividend rate has been maintained at, 10 per cent since 1034. lu 1033 the rate was 11% per cent, and in 1032 and in the previous five years it was 14 1-3 per cent. The total dividend distributed will be the same as last year, £574,218 15/. made up as follows: Ordinary shares, £375,000: D mortgage shares 17% per cent), £35,158 5,'; A preference shares, £50,000; C mortgage slutres. £14,002 10/; B preference shares, £ IOO.Of/J. The Government receives the distribution on the three last issues-, or a total amount of £161,062 10/. Tn the financial year ended March 31, 1935. the net profit of tihe bank was £553,209. asainst £600,008 in the previous year. Salaries for the 1937-3S year were shown in the balance-sheet at £503,987, so that on this figure the staff 'bonus will absorb approximately £12,300. ; i. COMPANIES REGISTERED. The following pVivate companies have been registered in Auckland: — Katikati Kauri Timber Company, Limited, timber millers. Capital. £12.000 in £1 shares. Subscribers: H. W. Collins and J. Ileslop, 4000 shares each; John Paterson and James Paterson, 2000 each. Gas Appliances, Limited, heating and cooking appliance agents. Capital, £5000 in £1 shares. Subscribers: P. Lightbourne, 4000 shares: G. G. Lightbourne, 1000. E. Powell and Company, Limited, butchers. Capital, £4000 in" £1 shares. Subscribers: E. Powell, 3840 shares, Mrs. A. B. Powell, 100: C. N. O'Neill, 30; L. B. Ncild, 25; K. C. Wiblack, 5. Auckland Caravanco, Limited, caravan manufacturers. Capital, £3450 in £1 shares. Subscribers: K. A. B. Smith, 2000 shares; W. A. Bull. 1450. To Aroha Investment Company, 'Limited, financial agents. Capital. £3325 in £1 shares. Subscribers: G. H. Nicholls, F. T. Halligan ami Miss P. G. Nicholls, 400 shares each; 1). Scalev, 300; A. J. Forrest. 250: W. Monson, H. H. Dorr, P. W. Davis. W. W. Maingav, Mrs. E. M.-M. Watiah, -Mrs. L. Thornton and Miss E. M. Sampson, 200 each; A. C. Peterson, 100; F. A. Clarke, 75. W. P. Windust, Limited, -canvas goods manufacturers. Capital, £3000 in £1 shares. Subscribers: W. P. Windust, 2999 shares; Mrs. D. N. Windust, one. Regent Fur Company, Limited, furriers. Capital. £2500 in £1 shares. Subscribers: J. R. Faifrburn and A. E. Cambie, 1150 shares each; A. P. S. Bell, 200. Beacon Printing and Publishing Company, Limited, printers. Capital, £2500 in £1 shares. Subscribers: F. J. Reynolds, 2250 shares; J. Paterson, 250. A. Barclay. Limited, tinsmiths. Capital, £2400 in £1 shares. Subscribers: A. T. Barclay, 2399 shares; W. D. Barclay, one. E. H. Little and Company, Limited, fruit and produce brokers. Capital, £2250 in £1 .shares. Subscribers: K. H. Little, 1600 shares; R. S. Little, 500; Mrs. P. Little, 150. J. Clarkson and Sons. Limited, mercers. Capital. £2000 in £1 shares. Subscribers: H. L. Clarkson and G. A. Clarkson, 1000 shaves each. Auto Tyre Service Company, Limited, tyre merchants. Capital, £1000 in £1 shares. Subscribers: A. B. Braden, 999 shares; Mrs. S. Braden, one. Cannichael Electrical and Radio Services, Limited, electrical engineers. Capital, £1000 in £1 shares. Subscribers: L. H. Carmichael, 999 .shares; A. W. Carmichael, one. Auckland Cap Company, Limited, costumiers. Capital, £1000 in £1 shares. Subscribcrs: J. Bernstone, 650 shares; C. Bernstone. 200; Mrs. L. Bernstone, 100; Mrs. J. Plowman, 50.