DALGETY AND CO.

Press, Volume LXVI, Issue 19917, 2 May 1930, Page 16

DALGETY AND CO.

KAITANGATA COAL CO.

REDEEMABLE DEBENTURE , ■ \ STOCK. „ , . The following particulars relating to the issue of £600,000 41 per cent, redeemable deibentore stock by Dalgety and Company, appear in "The Timee/7London :—ra*»,stock .w« created by board resolution on yeoruaty 20th, J930; .it will be regUtered and transferable, in multiples of "£l. Interest on the "Uebonture stock will be payable on April Ist and October Ist in each year, and tbe first payment, reckoned from April will be made on Octobor Ist, ]«3O. The stock is repayable at par on April Ist, 1960, but'the company reserves the right to redeem in whole or part at par and aocrned interest on or at any time -. after April l*tj 10BS,' on six months' .notice, »nd to purchase stock lit the market'or by tender at any.'time at not'exceeding par and accrued interest. .. ' .". "

' The',whole. -Usue is, b'einjf sold privately at the prjrae, of, 60 per «ent., the company P»yin(r ». commission of, i per cent; to its" agents for procuring the purchaseu thereof.

ANNUAL REPORT. [THE PEESS Special Berries.] DUNEDIN, May 1. The annual report of tbe Kaitangata Coal Company says that the' year'* operations have,resulted in a profit of £3728 4a 6d, an improvement over the previous year of £BO3B Is lid. During. the yoar £3065 6s lid was spent in development work in the No. 1 mine, and £6ll 14s Id in the removal of plant from Castle Hill mine. With the exception of £179 Is 7d, all this was written off. against working expenses. Prior to this year development work was treated as • capital, charge, so that in comparing results of tbe two years this year shows on improvement of £9536 Is 44. Irom the profit of £8728 4s 6d has to be deducted the loss brought forward from last year, £IOOO 8s 3d, leaving* ipredit of £IB2B Is Bd. Provision has been made fiv income tax amounting to £23 3s 3d, and the amount standing in the balance-sheet as preliminary expenses has been written down, by £1155 14s 6d. This leaves. a balance of £649 8s 7d, which the Board recommends should, be carried forward. , AMALGAMATED DRAPERS, LIMITED, SHARES ALLOTTED. - Thirty-five thousand shares in Amagiamated Drapers, Ltd., were.allotted by the provisional ..directors at their first meeting held yesterday. This company is acquiring the drapery businesses of M. Hollander, Ltd.. Economic, Ltd., and NewmaTket, Ltd. The • provisional directors are Messrs J. A. Bedpeth, jun. (chairman), M. Hollander, SVE. Jones, and Pi C. Wooler." The secretary is }it Oscar W. B. Anderson. Mr Hollander will go to England at .an ' early, date to supervise the buying branches of the company's activities. MELBOURNE HIDES MARKET. \ . ■ :■ (Received May let, 9 p.m.) MELBOTJKKE, May 1. Hides, are a farthing to three farthing* lower. Light-weights are the least ■ affected. SKIN SALE. B. Matson and Co. held their weekly skin Bale .yesterday, before a full bench of buyers. There was a much better tone ruling than has been the case for come time, and . dry < skins showed ab advance of Jd to Id per lb «nd green skins of la to is 6d. Values were: Merinos, sound 5Jd, dead 3Jd to <id; pelts, sound to 6jd, dead and damaged 184 to iid; crossbred, sound 7Jd to 7Jd, dead and damaged 4&d to 63d; halfbred, sound *7|d to BJd; dead and damaged s}d to 7d; lambs, sound 7Jd to 7|d. dead and damaged sjd to 6J<ii black 8d to.ijd; green skins, crossbred 2s to 4s Sd, tbree-quarterbred 2s lOd to 4s, balfbred 2s lOd to 6s 4d; lambs; 3s 9d to 3s 3d; bag wool, pieces Sd »,o'6id crutchings SJd to Sd; lambs, erutchiugs Sid to 4jd; dead lambs to 7id, dead 4d to 6Jd; halfbied, fleece 7|d to BJd; hone hair, 1» 3d psi lb.