BEATH AND CO., LTD

Press, Volume LXV, Issue 19724, 14 September 1929, Page 14

BEATH AND CO., LTD

ANNUAL REPORT Aim BALANCE-SHEET. NET PROFIT, £19,714, j I In presenting the twenty-eighth ** nual report and balance-Bheet, tea directors of Beath and Co., Ltd. a*, again able to record another amtisfto. Tory trade year. The volume of business done consjk tutes a further record. » The directors have much pieasnre hi-V recommending the usual dividend. The accounts show a net profit of £19.714 9s -id for the year, an ineray, of £6220 3s lOd compared with, last year, which, added to the carry fa ward of £14.036 0s lid, gives a «mai fe, disposal of £44,330 10s Id, the *JJsX uon of which toe directors reoofflinsid as under:— £ S. d. Interim dividend on pre- ■ ference shares, already paid .;. 275 0f . Interim dividend on ordinary shares, already paid ... ..". 5,392 jg q Further dividend on preference shsros 27.5 0 a Further dividend on ordinary shares (making 10 per e-ent. per annum) 5,395 3 * Reserve Fund ... 8,000 0 $ l&.6W~lp« Carry ronrarc ... 14,842 in £ £34.3801f1~i S Mr C. Ogilvie retires from the Bettd by rotation, but offers himself fort*. election. ' Messrs Wm. Jameson nnd Son afas offer themselves fcr re-election as auditors. If sanctioned by the meeting, dmi. ends will be paid on iSaturday, Sent**. ler 28th. - The foilois-ir.g is the balance-sheet:-. LIABILITIES. Capital authorised— *" * * 10,000 Preference shares at £1 • • • ■ 10,000 ft at 190. COO Ordinary shares »t -i 190,000 0 a * T , 200.000 0 • iiess Uiisllotteu Ordinary . . 1,197 a m . , , 198.80S 0 ft Less t!2fE.jea capita! . . 76,899_1j § ' „ , 121,903 7 fl " Calls paid in cdrance . . 13.424 It j~135.328 i •':' ForeigE uills payable .. sa Sundry creditors ~ 30,58* gt" d National Bank .. 7,15$ 14 M 1 Mortgage on freehold .. 72!aiS 1* k Reserve account .. 12,000 0 * ' Profit and loss— Brought forward ~ 14,666 0 I*l Profit for year .. 19,714 S #.'] j — ——-Sb' : ■ Less interim dividend 5.687 16 t"t' ■ ' *■'"£ j 28.71S 1«_ j ■ •£236,002 11. S * ASSETS. " Tttrntujli property .. UMfT 16 W ' Plant and fittings .. 1E,930 IT 3 - Stock S&.M9 *•»& Sundry debtors net .. 4t>6lU*~jK| Lea* reserve ~ &JSM?- i W'K 40.641 St 3 * i Gash paid in advance against .. r ' shipments arriviste .. 44,141 6 t- '■ Corner building—progress " JEj payment 1,466 « £A Cash in hand Mr • 4HF ■ Ashborton Branch suspense "m c account 9JBI a Mjn» £266.662 11 life PROFIT AND LOSS AOOOCKT. .' ||| Salaries and administration jplpi charges .. 66.454 It %¥:{ Profit tor year .. 16,71* t %%£ £106.1» 4 "i®* it,r. Interim drrident paitl .. S.M7 Balance .. ~ 58.711 U'p^; 434.380 tt'afvfe Gro«» profit .. .. 106,189 *,"#s' £108,19» * Balance bronsht ion .. 10,714 •4 '• Brought forward last yea* 14,668 • #;/V S34.SSO 19 t"}o. The follovrmg ii a eoapariscs of prbaettslES items for 1928 and 1929, to year easagia Ansnst 19th:— - . "}jH 2928. IMt. lm Gross profit .. 99,756 fcl Net profit .. IC.iSS 19,71tf- ; a Dividend— * jtefl Pref. .. ~ 6ip.c &i»*gi| Ord. ~- .. 10?.e. »!«§■ Amount .. .. 11.555 llJSnl To reserve ... .. »,158 MSf'^i Reserve .. .. 26,666 1«,66||il Liabilities— • iS Sundry creditors .. 2J.527 *W2L" s f Bank .. .. 7489 '•Mf;* Hortgage on freehold 78,650 72,216: B Assets- __JHB Freehold property .. 118,976 IttJTtTJ Plant and fitting* .. 16.166 *£fif*a Stock .. .. 77,641 «M6»;B Debtors (lees ,»..i f « reserve £4823) 53,925 «,BO ■-! Cash in advance i ..—** s 'S agaias: shipments- 24,801 44,1 * t 'j

FEILDENG STOCK SAUL

(?2sss assocunos Tn^aujt.l

FEILDISG, September A - At to-day's stock sale > Isrge yarding *J » fat cattle, principally from Hawke'i Brc | found the market obstinate, reserves, Mkf- -■ too high, and most Hum trert paiMt 1% , Fit sheep were slightly fanprorad, ewes, while dairy cattle told reaally »* f .. good prices. Fat hoggets, ehtca, MsWi 19s, Shropshire 265; woolly, primest tit W ;; 35s 9d, food 26i ed to 38* ML MMfO 20s 2d to 26s 6d; ewes, primett Via ** **,-£> 2d, good 28s 7d to 295, medium S3a ta J™*' * wethers, primest 365, good 30s 6d ta Mr *3 3d. Stores: Wether hoggets, small !*■-Mf" s ' best 25s to 27a ad, b.f. 22s 44, »W*J tl being passed; ewe hoggets, b.l. lta •*,?* '« 25s 3d; ewes with lambs, 32s to *>» *%! ; Fat rattle: Jersey cows £5 to £7 IK *■ Hereford-Shorthorn cross heifers «■ x *s" " equal to 42s per 1001b; light fat «« 2 * to *T 10s, hesry to £l2; fat stew* U » j to £5 16b. Dairy cattle: Best quality «*•*£ mg heifers £l2 5s to £l4. goad «■■».■* 15s to £ll. inferior £5 7s 6d t* « *«•• springing cows, £S to £&• j

LEESTON STOCK SALE. |

For the fortnightly stoek sale ***** I Leeatoa yeaterday entries cotapriaed WW* J small Uses of sheep, S3 fat pigs, I>* ****? | pigs, and 45 head of cattle. Of the W« fl 24 head comprised s herd of Friesieu •fjj*f\»s ers from the Maruia Valley, WBi ', Only two lines of sheep were dispoee*^'-1 the owners of the others not being ** B with the prices offered. The f»t pff "fr «i| ket did not open too well, bat ** w * , proved as the sale advanced. store *JB*I on the other hand, met with a ««J "J: 1 ] demand from the outset, and elceptiMW f good prices prevailed throughout, the »S « being altogether out of proportion » ™"J , J paid for fats. A shortage in •OPPW %2 1 time when there it plenty of ■»* TJi W 1 cause of the high prices. Anyt*™?i i y 1 good quality in the cattle pens good second and third calvers «}««W^| Bacon pigs ranged from 73s M porkers from 52s 6d to «6s 6d, large M 86a to «ls 6d, medium from 365, ■»■'" ij 10s to 21s. MaVflLiftl The onlv sheer, sale* made were:—y*a W. MeLachlan (Doyleston), 89 torn, •"gJKjj eight-tooth ewes 39s Id; B. McE'fV bridge), 30 ewes and 83 iambs Ist KJJv a-i'i The best springer? made £9 10s to others £6 10s to £5 15s, a Jereey ■ sold for M. Fleming. £l7. , ■ |is«ißi The «4 head of Weet o*** ** J 3- a B TOfi were not In rary good oo°l lt!oa v3t»S(l doubt to much travelling. They I *"E8»«| priee (rem J7 J6t to «U6, « aa «w»"- J etf Aid ITf M • h**4. M