COMPANY NEWS

Press, Volume LXXVI, Issue 23479, 6 November 1941, Page 7

COMPANY NEWS

SANFORD, LIMITED (P.S.S.) AUCKLAND. November 5, Sanford, Ltd., reports that.net Profit for V.4t year ended August 31 was £3227, against £3766. Preference dividend is unchanged at 5 3-5 per cent. Ordinary dividend Is reduced to 8d a share, or S 6-8 per cent., compared with 1 6d., equal to -6 2-3 per cent. Total dividend requirements are £3307, leaving £276 to be caroled forward, against £3ssJ)rought in. WILSON’S CEMENT (P.A.) WELLINGTON. November 5. Wilson’s Cement advise that the “rectors have’ declared an interim dividend for the half year ended September 30 of 2Jd a share, payable on December z, MOSGIEL WOOLLEN (P.S.S.) 1 DUNEDIN. November 5. The directors of the Mosgiel Woollen Factory Company, Ltd,, .presenting the sixty-eighth- annual report-and’balance-sheet-sme "that, jsalesslm^d^w^ able improvement on last-year. and that .after payment of .an interim dividend of 4 per’cent, on April 6. absorbing £3815, and making certain 'otfaerprovisioris. remained a balance of £26,665, The _ directors recommend payment? of a final dividend of 3 per -cent, from trading, amounting to £2B6L and payment of a similar sum dividend -rtf 3 par cen,. from, revenue and investment*, making, a total -distribution of year. This will leave; £20,942. to be carried forward. The dividend/ - When approved by the annpai meeting on.Novcm* ber 18, will be, payable next day. •■j: ■ . . The report also states'that 'provision of £49,000 has been made for Government taxation, that £BIO4 has Wen allowed for depreciation, £SOOO has been to the company s reserve, and £3500. has been transferred to the, dividend equalisation fund.