FINANCE AND COMMERCE BANK OF NEW ZEALAND

Press, Volume LXXVII, Issue 23353, 12 June 1941, Page 9

FINANCE AND COMMERCE

BANK OF NEW ZEALAND

ANNOUNCEMENT of dividends DIRECTORS’ REPORT ■ .... June n. (PAJ v , L-£ directors of the Bank ; i Nlui be presented to the ■ A, iets on June 20, states J .Sled March 31 the afn for expenses of P ro „ fi ß'me, 1 . w bad and doubt. ®? n debts ant otMr contingencies, and making provision for the annual .-irtnn • to the provident fund, were o°5S mg 4s sd, to which has to be added hj balance brought forward from last ar £392,309 18s lOd, making a total ol S 4 ’?io 3s 3d From this has been palp ‘dividend on preference A shares, £50,000; n interim dividend on C long-term mortice shares, £7031 ss; an interim dividend n D long-term mortgage shares, £17,578 Slid' an Interim dividend on preference o shares, £31,250; an interim dividend on Ordinary shares, £187,500; totalling iM3 359 7 s 6d, leaving available for distribution- £560,859 15s 9d. This the directors propose should be Msoosed of as follows; Dividend on C Snrf.term mortgage shares at 6 per cent. mt annum. £7031 ss; dividend on D longmortgage shares at 74 per cent, per iSium. £17,578 2s 6d; dividend on pref;l e nce B sheres (making £62,500 for the war) £31.250; dividend at the rate of 3 L eent. on ordinary shares (making >350,000 for the year equal to 8 per cent.), mijMO. Raving a balance to be carried fOlfird £392.500 8s 3d. OTOCK EXCHANGE MORE ACTIVITY ON MARKET Markets showed more activity on (he Christchurch Stock Exchange yesterday. and there was a satisfactory turnover in a wider range of stocks, price levels on the whole were firm, with an upward tendency in some stocks. 'New Zealand Government 3i per cent, stock, due 1953-57, advanced to £lOl 15s. National Insurance were fractionally weaker at 18s 4d, and late often-of 18s 3d failed to attract sellers .United Building were firmer, with hwyws at 21s 3d. Canterbury Frozen Meat advanced to £lO. New giaiahH Breweries had dealings at 31s 9d 31a W. and there were further buyers at the lower price, sellers at 325, payers of Tooth’s Brewery moved up te pls, sellers at 53s 4d. Colonial SufW' had business at £53, sellers ataytol In at that price, buyers at £52 10s, Dunlop Rubber advanced to 21s lOd, but closed with sellers at 21s 9d, buyatt at 21,S 4d. A parcel of New Zealand Farmers’ Co-operative 4i per cent stock, due 1955, changed hands at £BOIDs, and more was wanted at £Wi Wilcox Mofflin were firmer, vim buyers at 8s 6d, sellers at 9s. Mount Morgans were firm at 9s. Sataf ,en 'Change—Listed Stocks: 5 Colpplal Sugar, £53; 100 Dunlop Rubber,2ls Tod. . Reported—Listed Stocks: £ 1300 N.Z. ,Qovt Si per cent, stock, 1953-57, £10115s; 575 National Insurance, 18s (d; 33 Canterbury Frozen Meat, £10; 300 New Zealand Breweries, 31s 9d, 31a 6d; £2OO N.Z. Farmers’ Co-op. (44 Ser cent, stock, 1955), £BO 10s; 200 fount Morgan (2), 9s. LATEST QUOTATIONS N.Z, Govt. Debentures.—3 p.c. Ins., 1941, b, £lOl 10s: 3i p.c. Ills., 1953-57, b. £lOl IDs, s. £lO2 ss; 3i p.c. Bonds, 1953-57, b. £ lit 15s; 31 p.c. Ins., 22/5/60, b. £IOO 10s; 31 p.c. In?., 1941. b. £IOO 10s; 4 p.c. Ins., MMJ.' b. £lOl, s. £lO2 ss; 4 p.c. Ins., mb. £lO2 10s, s. £103; 4 p.c. Ins., 1949, b. £lO3 10s, s. £104; 4 p.c. Ins., 1949-52, b. £>o4, s. £lO5 10s; 4 p.c. Ins., 1955, b. 4FUloig 4 p.c. Bonds, 1949, b. £lO3 10s; afrcis. f p.c., 15/9/47, b. £102; War SiWl/10/53, o. £B3 2s 6d. I T'Jf I j Debentures.—Auckland Gas, 5 p.cTperpetual, b. £95 ss; Booth, Macdon-aid,4-.p.c., 1/8/47, b. £75; N.Z. Refrig.. 42 p.t_ 1/8/45, b. £101; Tlmaru Gas, 4 p.c;, 1/11/45,.b. £B9. 3uksAi>Australasla, s. £8 10s; Comm, of Sydney; s. £lB ss; Natl, of N.Z. (cum 41v,) i .b. ,£l 10s 8d; N.S.W., s. £2B; New Zealand, b. £1 16s Id, s. £1 16s 6d; Queensland National, s. £5; Union of dust; s.. £6 14s. Imiuuce.T-Natioifcl, b. 18s 3d. Loan and Agency.—Dalgety and Co., b. it, a, £6 10s; Christchurch Building. b. £lB ss; Goldsbrough, Mort (cum div,), i. £1 43 Bd, s. £1 5s 8d; Mutual Benefit. 4, £l4; National Mort. (A) (cum div,), i. £L,l3s; ,N.Z. Loan and Merc. (ord. itocwrib,; £26 10s; Perm. Investment,; b. £9 iMj tlnlted Building, b. £1 Is 3d, s. UKVI . ' Wiping.—Devonport Ferry (ex div.), b. £1« b. £2 ss, s. £2 hj; HUddart-Parker (pref.), b. £1 6s 6d; P. and O, Def. Stock, b. £l,ss, JWltr; Meat.—Canterbury, b. £9 ss; SlASefrig. (£1 paid), b. 16s 6d: N.Z. Httnjfc (10s paid), b. Js Id; Southland, b. WMIW-Bonds Hosiery, b. £1 ss; Felt and tpxtfles, b. £1 19s. s. £2 3s; RalaPof■Woollens (17s paid), b. 15s 4d, s. 15s MtftMapol Woollens (7s paid); b. 4s lOd, attW: Kalapol Woollens (pref.), s. 18s b. 19s 6d; Tlmaru, s. 15s; WMUpgtOtt (pref.). b. £6 17s 6d. WttwWegtport-Stockton, b. 2s 4d, s. 2s MfWe*|port-Stockton (pref.), b. 6s Id, s. . fSC-Auckland, s. 6s 6d; Christchurch, l « B4(1; Christchurch (10s paid), s, s. £J Ha. ,lf*W«Me*^—Balllns (15s paid), b. 10s; 'OastWoa/b. £1 Bs. s. £1 10s; Melbourne Qw», bi £2 9s 8d; New Zealand. hj. £l 11*M?«;'£1 12s; Swan, b. £1 3s; Tooths, Mills. s. £2 13s 4d; Ward (In liqdn.), : IflSteiUlieous.—Amalg. Wireless • (18s Pi), s. £2 8s; Aust. Consolld. Indust., b. *1 a) 1 Aust. Consolid. Indust, (cont.), b, £lMk! t Aust, Distillery, b. 10s 3d; Aust. •WSMmo Steel (pref.), b, £1 6s Id; Death Snowt'i. Macdonald (pref.). b. ss. Bd, s. {•Qjhßrltish Tobacco (ex div.), s. £2 JiJffken Hill Pty., b. £2 2s 3d, s. £2 «Broken Hill Pty. (new; 5s paid), b. *l*B 3d. g. £1 8s; Bums, Philp. b. £2 11s; Colonial Sugar, b. £52-10s, MW: Denhard Bakeries (ord.), s. 11s 3d; Sm rtf Hope. b. £2 10s, s. £2 Hs 9d; JMiIOS paid), b. 13s 6d; D.I.C. (pref.), Mt-M; Dunlop Rubber, b. £1 ls 4d, J;B|w6dr Electf-o. Zinc, s. £2 18s; Electro. s. £3; G. J. Coles, b. £3i s, ft-fc General Indust., b. 17s; Hay’s, Ltd., 'sMfc; Hay’s, Ltd. (cont.), b. £1 Is; Smith, s. £l3s9d; 1.C.1. (Aust. MHZ.) (pref.), b. £1 4s; Kauri Timber, S-ftl Is, s. £1 3s; Meggitts, b. £1 10s; Juourn Lime, s. £1 18s; M.K. ManufacSs 4d, s. 5s 9d; Macduffs (pref.), liJftSd; McKenzies, Ltd. (ex div.), s. N.Z. Drug Co., b. £3 16s, s. Bwllfel N.Z. Farmers’ Co-op. (A pref.), ; v l2s 6d, s. £1 10s; N.Z. Farmers i:;(B pref.), b. £1; N.Z. Farmers «,!.(4i p.c. Stock, 1950),-b. £BO;,N.Z. Co-op. (4J p.c. Stock, 1955), b. SjLNZ.' Farmers’ Co-op.. (4i p.c Stock, JMI). *, £B2; N.Z. Farmers’ Co-op. (4J 15/7/51), s. £B2; N.Z. Farmers (44 p.c. Stock, 27/5/49). S. £B2; N.Z,. ;.,Stt»pfes, b. £1 fls 3d, s. £llosNorthMilling, b. £1 0s 6d; Prestige (pref,), b. 19s 6d. s. £1 Is 3d; SPa«es (Aust'asia.), b. 16s 3d; Taranaki kSwMs, b, 3s 6d, s. 6s 6d; Tlngey, R. and b. £1; Urlwins (pref.), b, £1 ■.alK.;Waek»i Ltd., b. £8; Whitcombe and 6s, s, £3.12s 6d; Wilcox, s. 9s; Wilson’s Cement, MBaotMrtg We 3d; Woolworths (Syd.) Cjs 6 An's.. 16s; Woolworths (N.Z,) 42w;,diVi), b. 12s gd; Woolworths (N.Z.) . £1 18s 3d; Woolworths Prodiv.), b. £l.4s od, s. £1 5s LisUng.—Woolworths (S.A"), s. alian Mining.—Broken Hill South, !s Bd; Mount Lyell, b. £l 4s 3d; s. kt;vMount Morgan, s; 9s 4d; New ■ Hill, b. 11s 3d; Wellington AlluvSs 6d. • {lining.—Arahura (cum div.), b. £1 \ Is: Austral (N.Z.), b. £1 3s Rl 6s 3d: Golden Sands, s. 8d: ,'.b., £1 3s; Maori -Gold, Mr. It Gold., b. 2d, 6. 4d; N*w River. stt; Ngsherfe, b. 8s; Waihl. Invest., Mksop Extended, s. 3Jd, . • 8 .Stdcks.—Assoc. Gold Dredges ,mWW). b. 10s 6d; Aust. Invest. Trust, taiKMtnberlev Lime, s. £1; Ass. Mot., ffllLlJPl.). b. £1 4s; Aust. Mot Petrol #MIW,)-. b. 9s; Blackball Creek (cum IBSmylOa: British Developments, s, 16s; galWiufoh Press, b. £7. s. £8; Langes -MpfeP**. -K Is; Mikonul, 3. Is SdiUapa7S; R.UJB., J. £3 IDS; Reece, b- 3s 9d: Slap Hut (4? flHt JI IJB, 8. .48 Id; Wsstlahd BrewiWm'tvhi-. square PietUi'et s. £L ss: Is «d; UrlWiM, b- a * W-. AtJCKLAkD ::s IroStoi. Stock. 15/3/40-43, 4 p.c.. Bank ol NJ2..- 333 3d; SQP (D Mort.). 295: Union Bank, yCgS;'.' National Xnaurance. lOg 6d (3); jMnm-ance. 63s 6d; South British. 525. iKgwhAuckland Gas, 5s 0d (odd, lot); Mifftfaidl. 15s 6d; Dominion. BrewfflPl’Sd; N.Z. Breweries. 3ls 6d: Aust. 8s; Broken Hill Pty.. 42b Sd;

Colonial Sugar, £52 10s (late sale): Colonial Sugar, £52 15s; Milne -and Choyce (pref.), 21s; N.Z. Fertiliser (pref.), 225; Reid Rubber (rights), 3s 6d; Taranaki Oilfields, 5s (2); Taranaki Oil Dev., 2s; Woolworths (Sydney), 16s. Overseas List.—Woolworths Holdings (South Africa), 15s (2). ' WELLINGTON Sales.—Late Tuesday: Taranaki Oil Developments, 2s. Yesterday: N.Z. Govt, ,4 p.c. Stock, 1943, £lOl ,ss; 3J p.c. Stock, 1933-57, £lOl 17s 6d; National Bank of N.Z., 33s 3d; Bank of N.Z., 36s 6d; Kaiapoi Woollen, 15s 6d; Imperial Chemicals (pref.), 245; Wilcox, Mofflin, 9s. Unofficial List.—Late ' Tuesday: N.Z. Woolpack, 3s. DUNEDIN Sales Reported.—National Insurance, 18s Gd; N.Z. Breweries (2), 31s 4Jd, 31s 6d; Mount Morgan, 9s. SYDNEY A steady undertone prevailed on the Sydney Stock Exchange yesterday. Business was less active than on Tuesday. Morning Sales.—Commonwealth Bonds. 4 p.c., 1941, £IOO 3s 9d; 4 p.c., 1081, £lO9 12s 0d;. Aust. Gas A,. 96s 9d; Associated News, (pref.), 15s; Farmers, 245; Fairymead Sugar, 32s 3d. Afternoon Sales.—Commercial Bank of Sydney, £l7 18s; Colonial Sugar, £47 15s; G. J, Coles, 59s 8d; Tooheys, 27s 4d; Aust. Consolidated Industries (con.), 37s 3d: Bonds Industries (rights), 5s 10d; Kandos Cement, 30s 9d; Henry Jones, 48s 3d; Millaquln Sugar, 38s 9d: Mount Lyell. 25s 10d; Broken Hill Pty., 39s Id; Broken Hill Pty. (con.), 23s Id: Loloma, 23s 7d, MELBOURNE Sales. —British Tobacco; 435; Dunlop Perdriau, 20s 6d; G. J. Coles, 59s 6d; Loloma, 23s 9d; Emperor, 10s 3d; North Broken Hill, 355.' COMPANY NEWS DIVIDENDS DECLARED The National Mortgage and Agency Company of New Zealand, Ltd., announces that an interim dividend «t the rate of 5 per cent, per annum has been declared, payable on July 1 in London. The rate is unchanged. DEVONPORT STEAM FERRY (P.S.S.) AUCKLAND, June Hr The operating profit of the Devonport Steam Ferry Company, Ltd., for the year ended April 30 was £17,065, against £21,077 a year ago. The sum of £2400 is brought in from the repairs reserve, which remains at £IO,OOO. Taxes absorb £12,104, and an unchanged dividend of 5 per cent, (final 21 per cent.) will require £7500. CABLE AND WIRELESS The Cable and Wireless Holding Company has declared an- ordinary dividend of 4 per cent. ' MINING REPORTS Nokomai.—The company reports a final wash-up from the present paddock of 2130z 2dwt, making a total • return 0* j)79oz 13dwt from this paddock. Till.—Tin is quoted in London at £266 (buyers) and £266 5& (sellers) a ton spot, £266 15s and £267 forward.