COMPANY NEWS

Press, Volume LXXXV, Issue 25954, 7 November 1949, Page 8

COMPANY NEWS

Wm. Cable.— William Cable and Con. pany, Ltd., will pay an unchanged half, yearly ordinary dividend at the rate R 7 per cent, on December 5 (ex divMmJ November 5).

Australian consolidated inflnitrtt.-, Directors announce an interim half-yearly dividend of 4 per cent, on ordinary 44 per cent, on preference shares, payable December I.—(F.A.) Ampol Petroleum, Ltd.. company is paying a final ordinary divtdend of 4 per cent, on December 12, ex November 24, making 8 per cent, for Um year, against 74 per cent, in the previous year. Auckland Gas to Redeem Debextares.— Two secured debenture loans totalling £200,000, are being repaid by the AuHr. land Gas Company, Ltd., within the two months. The company’s E 5 per cS debenture loan of £120.000 will matorf on December 20, and will be repsj/l m that date, and the 44 per cent. F detenture loan of £BO,OOO, issued on July l 1942, will be repaid as soon after ary 1 as possible. Cumberland Paper Mills to LiqaMatUa Cumberland Paper Board Mills, Ltd. shows a net profit of £36,003 for the year ended September 30, a decrease of £5l. Dividends of 7 per cent, on preference and ordinary shares absorbed £40,79, leaving £llO4 to carry forward, a decrease of £4732. For the previous seven years preference dividend had been 44 per cent, and 6 per cent. The company has merged with the Australasian faA and Pulp Company, Ltd., and all but TO shares in Cumberland Paper Board Milk have been acquired by Australasian Paper and Pulp. Formal transfer of ths final 700 shares has been delayed pending issue of probate in deceased estates. When these transfers are finalised ths company will be placed into liquidation. Swan Brewery.—Payment is advised of an interim dividend of 3 per cent, on preference shares and 6d a share on ordinary shares. Books close November 24 to December 7—ex dividend November 24. (PA.) Timaru Worsted and Woollen.—Thia company advises an annual dividend of 6J per cent, on shares fully paid at October 19, 1948 (old issue), and a half-yearly dividend at the rate of per cent, mt annum on new shares, payable November 25. Books close November 10 to 24 inclusive—ex dividend, November 10.—(PA.) Korma Textiles.—This company is paying a preference dividend at the rate of 5 per cent, per annum for the half-year ended September 30. payable December 1. Books close from November 21 to 30 in-clusive-ex dividend November 21.—(PA.) Kauri Timber Co., Ltd.—A final dividend is being paid of 3 per cent., plus bonui of 14 per cent., making 64 per cent. for the year. Books close December 1 to II inclusive—ex dividend December t* A.C.I. Interim.—Tne Australian Consolidated Industries advise an interim dividend of 44 per cent, on preference shares, and 4 per cent, on ordinary shares, bflttt payable December 15. Book; close December 14 to 25. dividend November 14.—(N.Z.P.A.) .■) >' Dalgety and Co.—The net profit of Dalgety and Company. Ltd., for the yar ended June 30, was £250.800 against £246,300 in the previous year. The preference dividend of 5 per cent., less British income tax. takes £13.800. whilst tts unchanged ordinary dividend at 84 per cent., less British income tax (final 3d a share or 5 per cent.) takes £70.100. Al in 1947 and 1948, there is a bonus of 1 per cent., taking £B2OO. The sum ot £ 125,000 is transferred to contingendll reserve and £25,000 is transferred to supplementary pensions reserves, the* appropriations being the same as last year. The carry-forward is £190.700. again* £182,000 brought In. The dividends SCO payable December 15 and shares will bl ex-dividend on November 26.—(PA.) . Morris, Hedstrom. Ltd.—Morris, He*strom, Ltd., has declared an interim yearly dividend of 5 per cent, on ordinary shares payable on December 31. Sydney, November 5. “ 9.