COMPANY NEWS

Press, Volume LXXVII, Issue 23477, 4 November 1941, Page 4

COMPANY NEWS

CASCADE-WESTPORT COAL (P.A.) WELLINGTON, November 3. The Stock Exchange Association has been advised by the Caacade-Westport Coal Company that at the annual meeting a final dividend of 3J per cent., making 74 per cent, for the year, was declared, payable on November 8. PENINSULA COMPANY Mr W. W. Williams presided at the annual meeting of the Peninsula Saleyards Company, when there was a fair attendance of shareholders. The annual report said that yard fees and rents amounted to £216 7s lOd, and that there had been a reduction in cattle yarded (3058, compared with 4116 last year). The cash balance at the end of the year was £74 11s 2d, and showed £77 had been expended on the yards■ The’ report and , balance-sheet .were adopted. V The two retiring director* (Messrs C. B Thacker and E. Hay) were re-elecetd to the directorate, and Messis S. Pi Godfrey and Company were reelected auditors. - The chairman in reviewing the J ear said the company was in a prosperous position. The meeting decided to pay » dividend of 8 per cent, on Pa*d->JP Mr E. Hav referred to the fine recoru of service of the retiring C. W, Leete, who had held the position, for 53 years, and it was decided that Mr Lecte’s services be recorded. On the suggestion of Mr V. was decided to recommend to the director* ba At th/subsequent meeting of comoanv. The chairman tbankad Mr Holmes for his assistance to , when the secretary was unable to attend, CUSTOMS RETURNS OAMARU The bamaru customs returns for last month show a considerable reduction compared with those of October. 1940. They are as follows, the figures for Ortober, 1940, given in £2412 (£2091): sales tax, £478 (£875). soaf evnenfles ■ccouwt.' £522 marine revenue, £ls (£13): miacellaneoua, £8 (£14): totals. £3438 (£4211). WESTPORT ’ Customs returns for October at Westport, with the October, 1940. mmitioned first, were as follows .—Customs. £770 (£564): beer, £641 (£501); sales tax. £545 (£389): light, dues. £lB (£43), War Expenses Account, £213 (£148). STOCK SALES duvauchellb There was an entry of about 500 head of cattle at the monthly cattle sale held at Duvauchelle saleyards on Friday. The en» try of store cattle was the largest .for some months, about 400 head being penned. The store cattle sale was .an extremely good one, and most lines were sold at auction or after the sale. One good line of 59 two-year-old Black Poll steers sold on account of G. G. Aitken (Little Pigeon Bay) realised from £7 7s 6d to £lO Is. There were a number of other good coloured ,lines of older steers, which fold up to £ll a head. The entry of fat cattle consisted of about 100 head of varying quality. Prices for fat stock were ea The’ range of prices was as folhws:Fat steers. £ll 10s to £l7; fat heifers, £5 2s 6d to £ll 17s 6d; fat cows, £4 7s; 6d to £l2 15s; three and four-year-old steers, £9 2s 6d to £11; two-year-old heifers. £5 15s to £7 ss; two-year-old steers, £7 17a 6d to £lO Is; yearlings. «4 17* |d to £5 2s 6d; store cows and heifers. £4 11s to £6 12s 6d; springers, to £8 los, bull*. £1 IPs to £9.