COMPANY NEWS

Press, Volume LXXXII, Issue 24983, 18 September 1946, Page 8

COMPANY NEWS

CANTERBURY FARMRW CO-OP. A net profit on the year’s MHk. is shown in the annuidnS o“the Canterbury Farmers’ Association, Ltd. To thia has tobei*2 the balance of £13,109 brmfrW&Sg*; last year, making a total of £SIJtT yu directors have declared a divided J i per cent, on all classes of prefetlw shares, amounting to £4696, leaving from which the directors payment ot a dividend on ordinary ‘up capital of 5 per cent. (£ZWfi ft transfer to reserve for income social » curity, and national security ’tai« » £22,115. which left a balance ofEtn to be carried forward. Depreciaticp ® buildings, fixtures, and plant, coattma the report, had been provided as uwt and amounted to £6258. The Bositior u July 31. with figures for the w in parenthesis, was as follows'-dtta. tures, £232,500 (£232.500); current accmwi in credit, £131,936 (£113,436); total. E3M.W (£345,936); bank, including Londw ta cash in hand (credit), £38,401 (QUsft whole total. £326,035 (£317J57»)-n b crease in responsibility of £8456. 'ffie Z tiring directors, Messrs J. Bitchfoer ud R. G. Cleland (shareholder director) aod Messrs M. Guild, A. Sevicke Jones, and N. M. Orbell (stockholder directors), wen all automatically re-elected, there beta; no other nominations. Farmers’ Co-op. Insurance.—Net premium revenue of £55,935 is announced by the Farmers’ Co-operative Insurance Afr sociation of New Zealand, Ltd n for flu year ended on June 30. With interat and rent added, this sum amounu » £61,821. The surplus In the unrtaJwfr account is £20,417, and with tntehrt ttd nent £5886 as above, and the bibof £60,534 brought forward, a total of X38.8T is available. The sum of £lO,OOO tas been transferred to investn* ent fluctertM reserve and £74 allowed for depredation on buildings. The directors reepromend »,( final dividend on preference share. roMt-zda ing 7 per cent, for the year, and tribution of Is 3d on ordinary ajw-dfl Dividends will absorb £6552, leaving twl to forward. - s Boxes.—A reduction of net profit to £4197, which is £330 wwß than required to cover the restored 4^'gg dend. of 7 per cent., is reported IffwM year ended on June 30 by K.D.V. Ltd., Auckland. Provision of £BWB pared with £ll,OOl the previous JMf been made for taxation, and a new i» J serve of £3919 against fire has been tablished The report of the chnimwgg (Mr P D. Fergusson) says that despiUM many difficulties, the rebuilding ct tMM factory which was destroyed by fire July 12, 1945, has been completed, Kfrn chinery installed, and work commencM ■ The sawmill has been brought up date, and is now running efficiently showing increased production. New Zealand Newspapers.—An un-W changed interim dividend of 8d a shartg has been declared by the directors «■ New Zealand Newspapers, Ltd., for WM half-year ended September 30. TJe dend will be payable on October i--B| < PA > Equitable Building.—The Building and Investment Company lington has declared an Interim of 3 per cent, for the half-year September 30.—(P.A.) 'J