COMPANY NEWS.

Press, Volume LXXXIV, Issue 25609, 25 September 1948, Page 9

COMPANY NEWS.

di°’3S?^ t havf Q f DOratton Dividend.—The of 3d a share%h^J n £ iended J a di Vidend Irom tiie bonus ol 6d a share of saetal securih, ae oount, tree wilt close Transfer books meeting is Q b er annuai ex dividend Oe^ob«. el 3. on ° CtOber 23 “ Accounts.—South Broken tor 'the year n "S e ju l n h e VwafTgl? 2°4 T «150.000° V ior lng N fw 36 SoSth Or w^re aU ™' rivedl at P /ft^ dl H n ®i ye^r of £1.690,180, arbv a ls recommended y the directors of the South British Tn surance Company, Ltd DividemT and books win Payable en October 28. The b ° n “. George Court and Sons.—The net profit ?and ?nf e £° Urt and Sons - btd AuT £5993 f £L/ he . ye S«»? nded ■’ UIV was dividend i a a L £2B - 9 ? 4 - An unchanged is remmmlnSoS r . een ‘- re Quiring £15,000, ereJJS d ’« leavlng £13.904 to in, net nmfif c "ry-torward to £161,362. The £*o -M° IS , rea ched after providing for taxation (against £46,350) with £s® Bn tOr T^ epreclatio . n ’ „ compared shows AS rf Th Bro ? s ,ratllri K profit £197 595 I fP A f ase from £201,429 to

COMPANIES REGISTERED

n „^® B^r^'ons • of ibe following com•w?caS^ a GSette"- rreM iESUB of the f^hri^n 000 h ir V» shares. Subscribers: Christchurch: D. F. Christie 1999, N. E. incidental Ob3ec * s: Mercantile agents and

™ riU ’ <-, Ltd - p rivate company, September 10. Stafford street, Timaru. Capital. £2OOO m £1 shares. Subscribers: Timaru, D. McG. Fraser 1000, R. p. C. Jones 1000. Objects: Restaurant proprietors and incidental. H p

Wilderness Nurseries, Ltd. Private comP a , ny - September 10, Christchurch. CapiJSJ’ • A 2ao * n , £1 shares. Subscribers: Christchurch: J. Entwistle 200, C. R T. Winskill 25, M. W. Simes 25. Objects: nurserymen, market gardeners, and incidental. Westport Building Company, Ltd. Private * cgppany- August 19. Wakefield street. Westport. Capital: £7OO in £1 shares. Subscribers: Westport, D. G. Bain, « Bassett, N. A - M - Kelson, L. J. W. £ a n’ G ’ Cai PPbell, R. Disk, and W. B. incidental°° Objects: builders and Williams Medical Hall, Ltd. Private September 16, 145 Revell street, Hokitika. Capital: £lOOO in, £1 shares. Subscribers: Hokitika, T. W. Lee 999, C. M. Lee 1. Objects: chemists and incidental. Increase of Capital Greymouth Motors, Ltd. Capital increased from £5OOO to £15,000, August 11. Westland Co-op. Dairy Co., Ltd. Capital increased from £20,000 to £30,000, September 10. COMPANY TAXATION “The Press” Special Service OAMARU, September 24. Reference to company taxation was made at the annual meeting to-day of shareholders of the North Otago Farmers’ Co-operative Association by the chairman of directors (Mr Charles Hedges). Mr Hedges said that in the last 10 years the ad P ai d to the Government £49,923 in taxation, whereas dividend payment to shareholders for the same period amounted to £2l,B93—considerably less than half the amount of taxation. "Shareholders in this association, the majority »whem hold 10 shares or less, willingly consented to taxation for war purposes,” said Mr Hedges, “but for too long a period the Government has extracted too great a proportion of national income. Common justice demands some substantia) measure of relief." Mr Hedges said that co-operative concerns were established in New Zealand, as elsewhere, for the benefit of co-opera-tors, but excessive taxation, stabilisation, regimentation, and Government controls introduced during the war could only limit freedom of action, if such regimentation were maintained in the post-war period. The association’s statement of accounts showed a net profit of £5039, after deducting all charges and allowing the sum of £6777 for income and social security taxes. A dividend of 61 per cent, was declaredNORTH ISLAND ONION PRICES (PA.) WELLINGTON, Sept. 23. A price order for onions is published In the Gazette this evening. Growers’ prices for f.a.q. onions are £l4 a ton, f.0.r., s.e,, the grower’s station, and for ungraded onions £ll a ton, f.0.r., s.e., the grower’s station. Retailers’ prices for f.a.q. onions are 3d per Jb and for ungraded onions 2Jd per lb. The order comes into force on October 1 and will not apply to new season’s oniohs or to any onions of pickier grade, or to any onions grown in the Auckland or North Auckland land districts, or ffi the South Island. LONDON WOOL SAf.ES (N.Z. Press Association—Copyright) LONDON, September 23. At the London wool sales to-day, 28,853 bales were offered, of which 26,707 were sold. New Zealand submitted 12,111 and Australia 13,454 bales. Home and European competition was maintained. Some European types favoured sellers. Demand for best Merinos was less keen and favoured buyers. Bradford tops quotations are:— Merino: seventies, 120 d per lb; sixtyfours 118 d; sixties, 96d. Crossbred: fifty-sixes, 565; fifties, 36d; forty-sixes, 34d. Market Strong The produce department of the Bank of New Zealand received the following cabled advice from its London office, under date September 23: “Market strong. Good general comoetition. New Zealand descriptions generally fully firm on opening, with exception of few inferior slipes.” MINING Ngahere Dredge.—The Ngahere return for the four weeks ended September 24 was 515 ounces of gold from 177,381 yards worked in 496 hours.