COMPANY AFFAIRS.

Auckland Star, Volume LXXI, Issue 237, 5 October 1940, Page 5

COMPANY AFFAIRS.

HUME PIPE PROFITS. MANUFACTURING DIFFICULTIES. A Mated volume of Mbmi Inrra— la £ ngrt ol nits isd mala rials mad pete* catting J tn two manufacturing mom tn Um latter ball J or the year «tn (acton eootribnimg « to a reduction tn Um profits o! tlx Hume Pipe Company (Australia). Mialtod, ta the ku ended e Jbr* 30 tram CC7.7W to £37.3)0. 5 In uwtr annnsl iqat Um dli emits state that !■ tncßucd pnniikn w tax. notrlthstud- * ta* Mood has also materially aSectad J the final hslsnre available lor dhUeal At pre- t seat there appeals to be little piuapect ol aaj Improvement tn volume ot mkt ta the current z year. Beeauie ol baavy defence expenditure re- 1 duced amount ol loan money mi be available c to Australian Ooremneata for reproductive t works. This most advenelr affects the company's s business. J Hume Pipe (Far East). I.Hnlfrd. which is sow t amalgamated wUi Home Ptpe. reports that bust- e ne«a tn Malaya has been veil maintained, aad c profits hire Improved, enabling ta t&cnucd dlvl- c deed to be paid. The Far East Ccmpaay, which J increased its capital, has extended Its business ■ to the Philippine TslstiiH. where It Is expected < that a profitable business will be developed. The consolidated balance-sheet at Bus* Pipe and Its subsidiaries shows current liabilities aad provisions ol £Ht,T3l. against which there an current aneu ot £4SXaoo. Consolidated net profit li shown at £77.1*1. acalnst £*1.7 M last year. TOOHEYS' BREWERIES. A act profit ol £10.014 reported tor THlxn. Limited, brewers. Sydney, tor the year aodad July 31 ts an increase ol £10,737. aad 1* the highest since IS3S-39. The dividend u unchanged at > per cent, aad requires CUIJU on the increased capital. Pear* meat to the stall provident fund if CSOOa. aad the remainder of the profit, £2171. is added to < £ 29.963 brought forward, to a surplus oft 1 £33.133 carried turn tad. 1 Receipts increased by £ 114.104 to £tis.«l t and «HH llsee £ 103.377 to £773£47. <