CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LX, Issue 18096, 11 June 1924, Page 10

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS

Sales Reported—New Zealand Government 5J' per cent. Inecribed. 1933, £lOl 15s; Union Bank, £ll 13a; Westport Coal, SSs; Westp-ort-Stcckton (prcf.), 6s; National Bank of Xew Zealand (rights), 35s 9d, 35a 6d, 35s 9d. Saiea on 'Change—National Bank of New Zealand (rights), 353 6d (two parcels), 35a 8d (two parcels); Mt. Lyell (cum. div.), 213 3d. LATEST QUOTATIONS.

OTHER EXCHANGES. (PRESS ASSOCIATION TMUMBAMS.) AITC&EaND, June 10. Sales —"War Loan, IW7, *97 <>d; Zealand, Inscribed, 1938. S9l; N. 8 * Zealand 635; Union, 293 a. South British Insurance, 40s 6d; New Z.aW Inßurance 29s 6d; Auckland Gas, 25s 93; Bycroft, 24a 6d; Wa.ihi, 80s LIjINGT on, Jtme 10. Sales—-Ward a.nd Co., £2 5s 6d; N.Z. Govt. Loans, Inscribed Stock, 1983, £lOl 15s; Bank of N.Z., £l* 18s.

COLONIAL MUTUAL LIFE OFFICE. -y

Judging "by wn announcement in another column, the Colonial Mutual Life has made remaikable progress sinco its foundation in 1873. List.year's businecg constituted a record, both in regard to volume of new business and surplus. ikinusea on whole life and endowment assurance policies in the ordinary department are on a very generous seme, ranging irom per cent, tor tne first year, up to a!U on po-icioß of longest duration. , _ in the Industrial Department bonuses are also declared annually, and range irom per cent, for the lust year to £2 on policies which liave been ten years in torce. The Society is purely mutual, and all surpluses belong to tne policyholders, who retain the sole "fcontrol of its management. In furtherance of the mutual idea many liberal features'have been introduced by the Colonial Mutual, notably the institution of a. free nursing service in the m ; iin cities, and the distribution of free health literature to industrial policyholders. In the Accident Department the mutual idea is also the keynote of the Society's policy, and tha teurpmß arising out of each year's operations is distributed annually in the shape of bonus additions to the benefits conferred by the policies. Tho Colonial Mutual Life completes its jubilee with an army of policyholders numbering over 200,000, which is a tribute to its management, and an indication of the great pait played by life insurance in the complex structure of modeiß civilisation.

SYDENHAM CO-OPERATIVE PICTURES, LTD.

The twelfth annual report of the Sydenham Co-operative Pictures, Ltd., chows the following:— £ a. d. £ s. d.

The net profit for the year amounts to .. 654 15 3 Of this sum depreciation has been written off amounting to .. 277 5 0 And there has been reserved for incometax .... 11 17. 6

1 " There is left available 865 12 7

The directors recommend that this be dealt with as follows: — ' ' £ b. d. Payment of dividend at the rate of 7& per cent, per annum .. 280 .7 0 Carry forward .. .. 85 5 7

£365 12 7 During the year the sum of £250 has been paid off the amount due to vendors, reducing this amount to £3BOO, and it is intended to reduce this amount by a further payment of £250 during the present financial year. The directors who retire by rotation are Messrs C. W. Hervey and H. S. J. Goodman, who are eligible for re-election. The retiring auditors are Messrs Caygill, Newburgh and Co., who offer themselves for re-election.

Buyers. Sellers.. £ s. d. £ B. d. N.Z. GOVT. DEBENTURES— % il per cent. Inscribed, 1938 .. ... 96 15 0 97 0 0 4i per cent. Inscribed, . " 1933 96 15 0 — 4A per cent. Bonds, I93r« 96 12 6 — 4J tier cent. Bonds, 1933 .. :. 96 15 0 97 2 6 4J per cent. Bonds, 1939 96 15 0 — •5 per cent. Inscribed, 1927-11 — 97 16 0 5 per cent. Bonds, 98 5 0 1927 97 17 G Ei per cent. Inscribed, 1933 101 10 0 102 0 0 5£ per cent. Bonda, 1933 101 12 6 101 17 6 OTHER DEBENTURES— Chrietchurch Drainage Board 5h P cr cent., 99 0 1938-73 ... — 0 N.Z. Breweries 10 per cent. Bonds 1 0 3 — BANKS— _ 13 4 Australasia 6 — Commercial of Sydney.. £2 7 G — National of N.Z. 6 30 0 — National of N.Z. (rights) 1 15 fi 1 16 0 New South Wales 40 0 0 — New Zealand 2 12 9 — 0 Union of Australia 14 12 0 14 13 INSURANCE— 8 13 National — G South British .. 2 0 6 — 9 Standard 2 0 0 2 0 LOAN AND Af'ENCY— 2 12 2 12 9 rmHslmiURh, Mort 0 SHIPPING— Howard, Smith 2 2 3 2 2 6 FROZEN MEAT— 14 4 2 3 1 0 0 9 Canterbury . Gear • ■ * N.Z. Refrig. (paid) .. S~2 6 0 6 9 N.Z. TMrig. (contr.) .. 0\8 9 3 WOOLLENS— 0 16 Kasapoi (ord.) 9 COAL— Westport 1 14 9 1 15 9 Westport-Stockton 0 5 0 0 5 5 GAS— Christchurcli Timaru 7 5 0 8 2 6 BREWERIES— Crown •• . 2 2 1 6 0 g 1 6 9 Manning New Zealand .. •• Ward 1 3 2 5 6 0 2 6 3 miscellaneous— Beath and Co. 1 11 6 1 13 0 British Tobacco B.A.W.R.A. .. , •• 2 2 0 9 6 5 0 9 9 Electro Zinc (rislite) .. 0 5 6 Mason, Struthers (,4a paid) •• •• N.Z. Farmers' Co-op. 0 4 G 0 4 8 (£2 paid) . . •• 0 5 6 N.Z. Farmers . Co-op (61 per cent stock, 1930) •• N.Z. Milk Products .. 80 10 0 1 8 0 N.Z. Paper Mills .. N.Z. Sugar of Milk .. 1 1 0 6 1 11 0 United Pictures 1 4 mtning— Mt. Lyell (cum div.) .. 1 1 0 1 1 0 3 3 0 Grand Junctions