COMPANY AFFAIRS.

Auckland Star, Volume LXX, Issue 190, 14 August 1939, Page 4

COMPANY AFFAIRS.

CASH ORDERS.

INCREASE IN PROFIT

DIVIDEND 15 PER CENT

S\ DXEY, this clay.

Cash Orders Amalgamated, Limited, showed a net profit of £103,896. The dhidend is unchanged at 15 per cent. This company's accounts are made up '?- capital stands at £526.1/<i. Net profits in recent years have been:—lo36. £40.823: 1937, £79,076: 1938, £101,604; 1939, £103,500. J. J. NIVEN AND CO., LTD. LOWER PROFIT EARNED. •1. -T. Niven and Co.. Ltd.. earned net profit of £13.862 in the year ended March 31. 1939. compared with £14.472 in the previous 12 months. Dividend is maintained at 1, a share (5.55 per cent). The directors report that trading conditions were favourable, and that business was not unduly restricted during that portion of the year to which export restrictions applied. In view of the continued rise in expenses and the increased piovision necessary to meet taxation, the net profit is regarded as satisfactory. This, with the balance of £5638 brought forward from last year, makes £19.500 available. Recommendations include the dividend of 5.8.5 per cent (alisoi iiing JJ90491. the placing of £401 Ml to general reserve, and j the carrying forward of £6451. Year endeil March 31. 1937. 1938. 1939. Net profit ...£12,378 £14.472 £13,h<>2 l>ivideiul — Per cent . . 5.85 5.85 5.55 AiuoTlnt .. . £9,949 £9.049 £9.(149 The balance-sheet shows paid capital, in 17 fully paid shares, at £153,786. slightly higher than last year. Land, income and social security taxation reserve stands at £13.727. after paying taxes of £11,462 and adding £12.800 to the reserve. The profit and loss appropriation account indicates that gross profit was £175.111). Depreciation took £6666. directors' fees £300. and other expenses (including taxation provision) £154,282. COMPANY REGISTERED. Dominion Hosiery Mills, Ltd., hosiery manufacturers. Capital: £6500 in £1 shai'es. Subscribers: A. L. Spence, 2500 shares: W. H. Glimmer, S. M. Boland. A. E. Whit-ten, F. Needhani, 500 each; G. F. C'oates, 300: J. R. Barber, W. .T. Reddell. J. Wein, E. C. Day, H. I). Caro, Miss A. C. Reddell. 250 each; D. Dickson, 200. REDUCTION OF CAPITAL. Lichtenstein (L.) and Paykol (J.). Ltd. - Capital reduced from £19,500 to £ 15,000.