MORRIS HEDSTROM FUND

Auckland Star, Volume LXXV, Issue 177, 28 July 1944, Page 3

MORRIS HEDSTROM FUND

Rec. 1 p.m. LONDON, July 27. British Government issues are quietly steady. Quotations for Consols and colonial inscribed stock, with variations, compared with those of July 20, are:— Variation £&d a d Consols, 2V2 per cent 79 6 3 —1 3 Funding Loan, 4 p.c., 60-90 112 17 6 —1 3 War Loan, 2\'z p.c 103 11 3 Same Conversion Loan, p.c. 104 13 9 —1 3 Victory Loan, 3V 2 P.c. .. *111 7 6 —32 6 N.Z., 4V 2 p.c., . 106 0 0 Same N.Z., 3 per cent, 1945 .. 101 0 0 Same *Ex interest. Mt. Lyell shares are quoted at £1 2/6.

Shareholders ot Morris Hedstrom, Ltd., Fiji, have been advised of an. extraordinary general meeting to be held at Suva on September 14, to consider & recommendation of the directors to establish a University scholarship fund for persons wholly or partly of the Fijian race by payments to trustees of such a fund of the £ 5000 voted at the last annual meeting, and of a further £20,000 from war risk reserve. A memorandum issued by the managing director mentions that war risk reserve stands at £160,000. He did nx>t think the gift would militate against the continuance of regular dividends in the future. The amount of £127,000 carried forward in the profit and loss account was sufficient assurance in that respect.