COMMERCIAL BANK.

Press, Volume LXVIII, Issue 20612, 30 July 1932, Page 12

COMMERCIAL BANK.

REDUCED DIVIDEND. (UNITED PRESS' ASSOCIATION-—BY ELECTItIO TELEGRAI'II —COPYRIGHT.) (Received July 29tli, 8 p.m.) SYDNEY, July 29. The Commercial Bank of Australia, Limited, for 1930-31, paid a dividend on its ordinary capital at the rate of 11J per cent. For the period ending June 30th last it is intended to pay only live per cent.,' which will account for £IOO,OOO of the £205,000 available for appropriation. The net prolit, at £190,070 for 1931-32, is contrasted with £308,450 in the previous year. The preference dividend, which is on a basis of four per cent., will alisorb £84,094. Deposits aro shown at £21,7 07,(507, which is an increase of £847,822. ELDER, SMITH AND CO. DIVIDEND OF 4 PER CENT. (PBXSS ASSOCIATIOK THLIGRIM.) WELLINGTON, July 29. A cable received to-day states that Elder, Smith and Company, Ltd., wool brokers, Adelaide, has declared a final dividend at the rate of four per cent, per annum for the half year ended Juno 30th, making a total dividend of four per cent, for the year, payable September Ist, next. The net profit in 1931 was £99,820, and the dividend for the year four per cent. In 1930 the net profit was £128,724, and the dividend five per cent. For several years preceding it was 10 per cent. The capital of the company is £2,393,040, and the reserves at last balance £1,258,774. VICTORIA NYANZA SUGAR. (PRESS ASSOCIATION TELEG3AII.) WELLINGTON; July 29. A message from the Victoria Nyanza 6ugar plantation received to-day reads; "A recent visit from locusts resulted ■in extensive defoliation of approximately 1800 acres of next season's canes. The weather is in favour of a recovery." WINTER SHOW. VARIED ATTRACTIONS. Primarily for the purpose of establishing a wider appreciation of the primary and secondary resources. of Canterbury Province, the Winter Sliow and 'Exhibition is now also recognised as an annual eveyt second to none l'or the good entertainment it provides. To see the many interesting and instructive exhibits of primary produce, to view the numerous working exhibits provided by tlio leading industrialists of Canterbury, to listen to the splendid programmes of music, to see the dancing, mannequin parades, the Robot, Punch and Judy, and countless side shows, makes a combination of entertainment that assures many enjoyable evenings for. everybody.

COMPANIES REGISTERED. Thß registration of the following new companies is' notified iu the current issue of the "Mercantile Gazette":- — McKeon (IS. L.), Lid.—Registered as a private company July 20tli, 1932. Office: No. 410 Colombo street, Sydenham, Christcliureh. Capital: £ISOO, into 1500 f.p. shares of £1 each. Subscribers: E. L. MclCeon 1498, A. L. McKeon 1, J. K. McKoon 1. Objects: Drapers and mercers, etc., in all its branches. Aeropura Co., Ltd. —Registered as a private company July 22nd, 1932. Office: 140 a Hereford street, Christchurcli. Capital: £l5O, in. 150 shares of £1 each. Subscribers: 'Christchurcli— I T. W. Stanton 50, W. R. Olliver 50, A. H. Giller 25, R. V. I. Chamberlain 25. Objects: To acquire and take sver as n going concern the business of T. "VV. Stanton, electrical and mechanical engineer and incidental, 5 Peterson (S. W.) and Co., Ltd.—Registered as a private company July 19th, 1932. Office: 57 Ballance street, Wellington. Capital: £7500, in 7500 shares of £1 each. Subscribers: Wellington—S. W. Peterson 5500, Carrie Peterson 300, D. J. McGowan 300, D. R. Masefield 700, L. M. Faircbth 300, K. P. Cox 150. Sydney—W. Cavill 250. Objects: To carry on business" of general merchants, manufacturers' representatives, and general incidental. Increases in capital are, notified as follows: General Tobacco Co., Ltd.—Capital increased to £IO,OOO, by creation of 8000 'shares of £1 *>ach. Registered July 20th. Blackburn Coal Co., Ltd.—Capital increased to. £25,000 from £15,000, by creation of 10,000 shares of £1 each. Registered July 20th. ■ • Briscoe, E. W. Mills and Co., Ltd. —Capital increased to £105,000, by. the creation of 25,000 additional ordinary shares of £1 each. Registered July 21st.