AUSTRALIAN ITEMS

Auckland Star, Volume LXXII, Issue 165, 15 July 1941, Page 3

AUSTRALIAN ITEMS

Sales in Associated Pulp and Taprr were recorded at a. new high level of 35/ at the Stock brought, about a shortage in Australia of imported writing and printing papers, classes of paper manufactured by the company, and in consequence buoyant trading is being enjoyed. I The plant at Burnie is being extended to increase production by 40 per cent. A month prcviouslv scrip was bold at 30 8. compared with 20/ :i year before. Stock Exchange Seats £800.-With a decline in Stock Exchange turnover since the outbreak of war. broking has naturally become less profitable, states a Melbourne paper. This Is reflected in a decline in the value of seats on 'Change, which are now valued at £800. compared with £1500 two years ago. Highest price ever paid for a seat on Melbourne 'Change was £2500 m the boom days of the early '90's. but in the prosperous days of a lew years back up tc £2250 was paid. In the depression which followed the boom of the 90s seats were transferred for as low as £200. Qantas Dividend Steady.—Queensland Northern Territory Aerial Services, Limited, has declared an unchanged dividend of 6 per cent for year ended June 30. New Share Issue.—A new issue of 9286 ordin- I ary £1 shares is being offered to preference and Co. Ltd.'. manufacturing chemists. Melbourne. The shares will be offered at a premium of 4 0 a share. Additional capital to the the company's business, particularly in relntio'i to products manufactured in Australia. Issued capital is £90.000. consisting of 35.000 8 per cent cumulative preference shares, and jS.OOO ordinary shares. j Electrolytic Rcflnini Prnfil. -Accounts of Electrolvtic Reflritne and Smelting Company for the i year ended Or'obrr 29 disclose a prolit of £92,132. | Profit, is slruck after providing £ 13.59S for rienreciation but before providing for taxation. In P tho previous year the company "earned £53.835. after providing £13.470 for depreciation and £35,500 for taxation.