COMPANY NEWS

Press, Volume LXX, Issue 21258, 1 September 1934, Page 11

COMPANY NEWS

AUSTRALIAN DIVIDENDS j __ | Directors uf Malay Tin, Ltd... have declared an interim dividend of Cd a share sterling;, payable September 8. A dividend on the preference shares of A. G. Healiny, Ltd., at the rate of 8 per cent, per annum ior the hall-year ended June 30, 1034. was payable yesterday. This is the same rate as that paid in the previous year. The Adelaide' Steamship Co.. Ltd., has declared a dividend of 3J per cent, for six months ended June 30. Payment will be made after the ordinary genera! meeting of the company on September 11. The dividend, with an interim dividend o£ 2i per _ cent, paid in March, makes a total distribution of 6 per cent, for the year, compared with 5 per cent, for last year. A dividend of 10 per cent., payable in two instalments of 5 per cent, each, is announced by Ciaude Neon, Lid.. Sydney. The previous year's dividend was U per cent. _ i Foster Brewing Company, Ltd., vent j recommend to shareholders at the an- i liual mooting of the company 1o be j hold on September 12, payment of a j dividcn.fi of (i per cent, for the halt- j year ended July 31. The rate of dividend is unchanged. The directors of Melbourne Cooperative Brewery Company. Ltd.. have decided to pay on September 15 a final dividend of 4d a share tor the your ended July 31. The interim dividend was Is a share, so that thiM'eturn for llv full year is unchanged at Is -id a share. Shamrock Brew ini and 'Maltine Company, Collin.ewood, Ltd.. has declared a dividend of 4 per cent, and a bonus of 1 per cent., payable on Sentember 10. in respect ot the haltyear ended June 3J. !'<> <>!;( :i lliil S'ruprir'.ary The Broken Hill Proprietary Company, Ltd., reports a net proht: of £-127,537 for the year ended May 31, eisnipared with £313,017 the previous year and .C 103.720 in 1031-32. The prolit. \va- Mruek after providing £407.073 for depreciation and £20.(i01 lor debenture interest. Two dividends, each of Is a share, were paid during the year, requiring ,£298,770. The rate, 10 per cent., was unaltered. A sum of £200,000 lias been transferred from the appropriation account, principally lo adjust the book values of certain obsolete plant. With £433 335 brought forward, the appropriation account Carrie" forward .£ -',30,702. I\l;.in item:-: -- to:,:;. 1021. c y. Net profit 31:;.<117 427,5117 Dividend, per cent. 10 H) Dividend, amount 200,770 200,770 Vvorkin:; profit. . 030.0 !9 070,702 Liabilities Canital 2,1137,700 2.037.700 Debenture:. (124.200 430,000 Reserve funds .. 1.535 000 1.535.000 Sundry creditors 1.021.237 1,133.300 Deii. sinking fund 103.000 30.500 Asset.-, Plant (less depreciation) .. 5.(>-io.4(i 1 5. H1',(1.7.30 Stocks and stores 483.5H55 572.500 Sundry debtors .. 707,455 700,404 Sharein other companies 1,U0,303 1.001,030 Cash 137,15 1 127,331 Siiikmy fund e;e-h T. 1.027 14,913 After pi ovidinß for all outstanding liabilities, Here remain liquid asse!s in ca.-h and cnnvi rtible stocks jv-prc-yi ::r ;i"o. Til!- total iiicii;dlhe re.•t\ •; and insimance fend, but noi the company's ink-re* t in other companies. <}ureiis!.i:ul E>rc v. cry. ILHI. Toe balance-sheet of Qui ens'and fii ewer.v, Ltd.. as ;.! June 2,0. 1031, wirch. together wit'n the forty-six! n annua! report, reveals that hxed a,.-els itr.v; increased during lis- year by COO.OOO Ids (id. A circular to shareholders states that tin.-- increase has been brought snout by the pi.]icy of the directors by acquiring freehold hotels, and oilier trading channels in order lo expand the market for the company's product-'. The amount. owing by the company to secured creditors at June :-:o -vis. ,i: 137,2,(i:; los id, and since then further hotels have been acquired, re.ii 11i11-m an increase in the amount of tix<d assets with a correspond in;! increase in the amount of secured creditors. The directors state tiiat in view oi Ihi -e tset and havine regard to the future requirements of the company, they are of the opinion that, an increase in the capita! is advisable, and have come to the conclusion that the additional capital should be raised by '.he issue of s', per cent, cumulative preference shares. The annual report shows that net 1 profit for Ihe vear was £22.405 13s sd, : which together will) £449 10s 4d enr- : l ied forward from th" previous vear, :;r'do a total of £22.355 3s Od. On! of (Id; the directors recommend the payment of a half-yearly dividend at the rate of 7 per cent, per . a.mum. brni'iin;; the total dividend for ih" year to 7 per cent., and absorbing i £ 20,01 it lis* <kl, the balance to be ear- . red forward.

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1 r.t I'2 5«, ] at £2 7e 6d, 1 at £3, 2 heifers ut. £3, 1 cow at £2 15s, 2 at £1 103, 1 nt 15s. 1 ut £1 10s, 4 cows at 303. j IV. <■ Tv.i v.ear.eM at I.ls, !1 nt lis 6d, I-J at lis, ■! ;iii.-i I-' is.s r.d, 2 ni 1.75. 2 i v-f-it-.-.s at riA .1 at Us. 4 stores at 17s, '2 0.,- 17b. 2 at ls-s. 2 at 203.