COMPANY AFFAIRS.

Auckland Star, Volume LXX, Issue 140, 16 June 1939, Page 4

COMPANY AFFAIRS.

R. AND E. TINGEY AND CO. LAST YEARS ACCOUNTS. A net profit r>f £10.772 is shown in the accounts of K. , t il(l L. Tingey and Coni]i,-my, Ltd.. Wellington, for the year ended March 31. Cross profit was £93,621 and net profit of £ 1.),772. The profit and loss appropriation a-.coiint shows a total available (includin_' £ 13..">(50 brought in) of £29,341. I'reli'icint' iliviilend of G per cent, paid in June and December, 1935, took £2990; ordinary dividend of S per cent, paid on August 24. 1935, accounted for £7200. The sum o; £1140 was placed to preference dividend rer-erve and £3000 to general reserve. lea vine a balance to be carried fnrvard ~f £14.711. The balance-sheet shows issued capital at CM".000 in 50.000 6 per cent preference shares and 90.000 ordinary shares.

PETERS ICE CREAM. The annual meeting of shareholders oi" Pelei> li'- (,'ieaiii Company (N.Z.). Limited, was h.-1.l at Newmarket yesterday. The ihaiiiuaii of directors. Mr. I'. H. lii.s-. who jnesided. stressed tlio round position of the company. The J ear had not been an easy one. lie .-aid. because of factors beyond their lonlrol unreasonable weather on the one hr.nd and the added burden of eosts imposed on all businesses on the other. In spili , of the lower dividend recommended shaj ehulders confidence in tin' conservative policy adopted by the directors in maintaining assets value by the provision of adequate depreciation. The rci i.iiiniendati.r.i of the d'.uvtnv to pay a dividend of ~> per cent iVr the year was approved. The retiring direetors. P. P.. Ro.-s and (j. Thoibmn, were ic-clectcd. ROBINSON ICE CREAM. The annual meeting of shareholders in Robinfson ice CVeam Company wae held yesterday, the chairman of directors, Mr. J. Sayotfh. presiding. The annual report. including the proposal to pay a dividend of 7 per cent. wa« carried unanimously, and the retiring direetors, .Messrs. T. Raster and W. Hariison, were re-elected. Severn! shareholder* spoke m app: eciation ot tile results achieved and the company"* poli'-y of expansion. The directoix' font were fixed at £:i)0. r-onipared with £i"H) tin- ptevious yciir. Votes of.thanks to the stall and to the dneclotfi were carried unanimously.