HARLAND AND WOLFF.

Press, Volume LXV, Issue 19644, 13 June 1929, Page 10

HARLAND AND WOLFF.

t. ••! i. l- v. Minr eomP»n>*» i» the l»*t British ahipbunding co " H . . . » / .a 4 lean time-j. and tfie.r few years have faced i« a » a„...,<l the diScult poiition accounts have reflected •"= >.- v v i. been placed. llar.and in which they have « eu _ ~ , and Wolff, of Be'-f.tt. in 1M3.. after trans- - * the referve to profit f«':nc i 300.000 from «!»• b , ish , credlt '.Y.er providin* for w*,."«-l , " t~A without making any trans-?erf-om ro"VvV. dividend ». P«" o„ the £4.* *.?00 fim preference "P'" l ' "* state'that lhe"hi P v,rd. .. ™ f »Vu? Vt' 0 ;" had been fairly well occTted t-u it »» difficult to obtain suffice: «n.ra,ts at re rauncrative prices to keep the .lip. «;»I';<£ During the- vear the shipyard at was c:osed until l-usicesi increased.

GORDON AND GOTCH, LIMITED.

Increased profits were earned by Gordon and Gotch (Australasia), Ltd.. for the ha!.year ended March 3Ut. net income being £62.307. This compares with o «or the preceding half-year »d»». ■» -Og r t-e corresponding period of 19..--*■ The ado cat.on of i 10,732 as Provis.on for taxation and the inclusion of £337 broucht forward makes available £51.911. Dividend of 8 per cent per annum on the preference share* requires £4OOO. and at the rate of 10 per cent, per annum on ordinary fhares £25 OCio O'dinarv shareholders also are paid a bonus at the rate of 2 per cent, per annum. which takes £SOOO. A turn of £II,OOO is transferred to genera! _ reserve £SOOO to reserve for contingencies and £IOOO to emplovees' gratuity fund leaving £9ll to be carried forward. Leading balance sheet items for the last three year. compare as tinder: — March. March. March. 1927. 1923. 1929. £ £ iLla Capi t taT _ paid 600.000 600 000 600.000 Reserve . . 163.662 193.656 227.316 Mortgage .. 69,000 65.85, 35..14 Sundry cred. 127.051 117.623 122.510 Overdraft .. 79,880 35,537 26,, 93 AS pro S p7rty .. 199,230 207,511 209.011 Leasehold * __ „,_ _, „„ plant .. 72.111 77,257 .4...0 Stocks .. 322,896 284,942 270.910 Sund. debtor. „,„ ,_, & bill. .. 353.249 357.010 359.5.1 Goodwill .. 113,074 118,074 118.0.4 ZINC CORPORATION, LTD. Bewick, Moreing, and Co general managers of Zinc Corporation, Ltd., have received advice from London that the lastnamed company's reports and accounts for 1928 were issued in London on May 31st. Profit from mining for the year was £20j.96., against £275.614 in 1927, while income from interest and dividends advanced from £87.720 to £114,276. The net profit of £255.534 contrasted with £259,278 in 19-'. After the balance from 1927 had been added the appropriation for mine development and new plant made up to £IOO,OOO, and the fixed preferential and interim participating dividends paid on January 3rd last had been deducted, £157,375 remained available. Out of this sum the directors recommend the payment on June 1-th of a final participating dividend of 2s Cd a share, leaving £45,021 to be carried forward.