COMPANY NEWS

Press, Issue 22599, 3 January 1939, Page 11

COMPANY NEWS

NATIONAL BANK INTERIM DIVIDEND PAYMENT The general manager, of the National Bank of New Zealand, Ltd., announces payment on January 4. of an interim dividend of 24 per cent, less United Kingdom income tax at the rate of 3s 7d in the .£, in respect of the year ending March 31, 1939. The dividend will be payable in New Zealand at any branch of the National Bank of New Zealand, Ltd., at the rate of exchange for demand drafts on London, current on January 4. 1939. This makes the interim dividend equal to £2 10s lOd per cent., or equivalent to £5 Is 9d per cent, per annum. . This bank shows its capital and I' - serves as under:— £ Subscribed capital .. 6,000,000 Paid-up capital .. .. 2,000,000 Reserve Fund (Invested in Government securities) 1,000,000 Currency reserve (Invested in Government securities) .. .. 500,000 Reserve liability of shareholders .. .. 6,000,000 £9.500,000 In addition there are undivided profits carried forward, of £113,690. In the balance-sheet, liquid assets stand at £5,145,000, which are equivalent to 33.75 per cent., or 6s 9d in the £ of total liabilities to the public, and for every £1 of its own funds the bank is holding £4 4s 4d of the public’s money. FOREIGN EXCHANGES (BRITISH OFFICIAL WIRELESS.) RUGBY, December 31. Par. Dec. 30. Dec. 31. Paris, fr. to £1 179.60 175 53-64 176 49-64 New York. dol. to £1 4.866 4.65 5-16 4.64| Montreal, . . . dol. to £1 4.866 4.69J 4.681 Brussels. , belgas to iSI ,35 27.61 27.61 Geneva. .: / „„ ' fr. to £1 45.2215 20.62 i 20.60 Amsterdam, ... fl. to £1 12.107 8.551 8.531 Milan, lire to £1 92.00 88 7-16 881 Berlin, reidh- . „ marken to £1 20.43 11.60 11.57 Copenhagen, kr. to £1 18.159 22.40 33.40 Stockholm, . _ kr. to £1 18.169 39.43 16.42 Oslo, kr. to £1 18.159 19.90 19.90 Vienna, schgs. to £1 34.585 Prague, kr. to £1 164.25 136| 1351 Helsingfors. marks to £1 193.23 226] 226J Madrid, pesetas to £1 25.2215 Lisbon, escudos to £1 110 1101 HOI Athens, drach to £1 375 3471 6471 Bucharest,

lei to £1 818.60 660 660 Belgrade, dinars 376.3 209 309 Rio de Janeiro, pence to mllrels .. 5.899. 31-16 31-16 Buenos Aires, pence to dol. 11.45 20.371 20.421 Montevideo,

pence to peso 51 19 19 Bombay, pence * to rupee 18 17 59-64 17 69-64 Shanghai, pence to yen • ■ 81 81 Hong Kong, pence to yen • 15 15 Yokohama, pence to yen 24.58 14 14 Batavia.

l guilders 12.107 8.51] 8.51] Warsaw, ilotys to £1 43.38 24.68 24.68 •Determined by price of silver.

BRITISH WAR LOAN (BRITISH OFFICIAL WIRELESS.)

RUGBY, December 30. War Loan, 34 per cent., is quoted at £9B 2s od.

BRITISH TREASURY BILLS (•trait official wireless.)

RUGBY, December 30. The total amount applied far in tenders for £35,000,000 in Treasury Bills was £74,160[,000. The amount allotted in bills at three months was £31,000,000,

The average rate pet Cent, for the bills was 13s B,BBd. compared- With 22s 0.45 d a week ago.

GOLD AND SILVER LONDON, December 31

Gold is quoted at £7 9s 74d a fine ounce compared with £7 9s 5Jd yesterday. Silver Is quoted at 20 l-16d an ounce spot and 19 11-10 d forward. Yesterday’s prices were ??d spot, 19 11-10 d forward.

LONDON METALS MARKET

TIN, COPPER, AND LEAD FIRMER LONDON, December 30. D6c. 29. Dec. 30. A toil. A ton* Copper— £ s. d. £ s. d. Standard, spot 44 9 44 44 11 3 Forward ~ 44 16 7J 44 16 3 Electrolytic.. 49 15 0 80 0 0 to .. 50 15 0 60 16 0 Wire bars .. 53 15 0 50 15 0 DeadSpot ... 15 4 41 15 9 41 Forward .. 15 5 U 15 10 7| Spelter—' Spot .. 13 17 6 14 2 6 Forward .. 13 19 4J 14 1 10J Tin— , „ . „ „ Spot .. 216 12 6 217 6 0 Forward .. 216 17 6 218' 1 3 SilverStandard, per oz. .. 19 15-16 d 20d Fine, per o t. 21 id 21 0-16 d Dec. 23. Dec. 30. £ s. d, £ s. d. Pig iron, a ton 5 9 0 -5 9 0 Antimony— j British ~ 70 10 0 70 10 0 Foreign .. 43 0 0 43 0 0 , (A unit) Molybdenite ..*2 2 0 *2 2 0 Wolfram .. *2 18 6 *2 17 8