COMPANY AFFAIRS.

Auckland Star, Volume LXX, Issue 266, 10 November 1939, Page 4

COMPANY AFFAIRS.

WESTPORT COAL. YEAR'S PROFIT £22,739. DIVIDEND KATE UNCHANGED. (By Telegraph. Special to "Star.") Dl NIvDIN. Thursday. The directors of the West port Coal Company. Limited, report that the profit lor the year ended September 30, after providing tor bad and doubtful debts, depreciation and all charges and making provision for L 1000 for staff provident fund, amounts to £22,739. to which is added 1' 13..1.12 brought in. making a total lot' £36.201. An interim dividend of (id a j share was paid lor the half year ended ! March 31. ab>-ti'. liing £11.250. and 'caving a balance t,, be dealt with of £2.1.041. (>ut. of tliir. ill., diiectors propose to pay .1 ti 11.11 dividend of (id a share for the half year ended September 30. requiring £11.2.10. and to cany lorwaid £13.701. The mines and plant have been maintained ia the usual state of efficiency. 1i cs 1111 s tor the past three years coinpale a> follow: 1037. 103 S. 1030. Brought forward . 1*2.N73 l 1.1.5.l 13..1.12 Profit 2S.SI2t 21.8671 '22.730 V 3H.11K.1 311.052 3H.201 Iliv-.. 10 p.c. |~n. . 22..10n 22..Ki1l 22..100 Carried forward 11.15.l 1"...1.1*2 13,701 tAl'tcr providing t: limn staff provident fund. i'At'ler t lie t r.-it'er of t: 7 ill in to boiler renewal fund and providing utiioii for staff provident l'und. * Ipit.ll ol tile company is £225.000 in shares of 10/ each. MOUNT LYELL DIVIDEND. FINAL 1 PEK SHAKE. (By Telegraph -Press Association.) WELLINGTON, Thursday. The Mount Lyell Mining and Kailvvay Company. Limited, has advised the Stock Exchange Association that a final dividend of l a share in Australian currency will be paid on December IS out of the profits for the year ended September 30, 1039. This, with the interim dividend of (id paid in June, makes the > ear's distribution "Vis per cent, an unchanged rate. * SYDNEY NEWSPAPERS. SYDNEY, November 9. Associated Newspapers, Limited, reports ' a profit of £312,006. which is £!.1,000 l above that ot last year. The directors . recommend a final dividend of 3 per cent, : making an unchanged rate of 7 per cent ■ on both classes of capital.