COMPANY NEWS

Press, Volume LXXXVIII, Issue 26671, 4 March 1952, Page 8

COMPANY NEWS

NEWTON KING, LTD. (New Zealand Press Association) WELLINGTON, March 3. The directors of Newton King. Ltd., have decided on the payment of ap interim ordinary dividend of 3J per cent, for the six months ended October 31, 1951, on ,the subscribed ordinary capital as at October 17, that is, before the recent increase in capital. ... This interim dividend will be paid on March 31, and shares will be ex dividend on March 25. The directors advise that the trading results to date are satisfactory and that it will be their recommendation to shareholders at the next annual general meeting that the payment of a final dividend of 3J per cent, be made for the full six months ending April 30, 1952, on the 10s ordinary shares comprising both the old and new issue, although the latten will have been subscribed for five months only.

Kempthorne, Prosser, and Co. —At a meeting of directors of Kempthorne, Prosser N.Z. Drug Cojnpany, Ltd., yesterday, a dividend of 6 per cent, was recommended.—(P.A.) Ashburton Building Society.—A credit of £6739 18s lid is shown in the profit and loss account of the Ashburton Permanent Building and Investment Society, which will be presented to the annual meeting of shareholders on Thursday. After allowing for a dividend of 8 per cent., and transferring £lOOO to the reserve fund, £3140 has been carried forward. The balance-sheet showed that new loans totalled £32,002 Ils 2d and loans repaid amounted to £35,547 7s. The assets included loans, £282,175, fixpd deposits at bank, £13,071. Government loabs £18,128, deposit in Post Office £2035, national savings £7288, and credit at bank £4107. The liabilities included A and B shares, £77,709, and deposits. £198,049. DIVIDEND PAYMENTS (New Zealand Press Association) WELLINGTON, March 3. The following dividends have been annouced:— Skellerup Industries, Ltd.: final preference 2J per cent., payable April 1, ex March 17. Woolworths (N.Z.), Ltd.: interim preference, 4} per cent., payable April 15, ex March 24. Woolworths (N.Z.) Properties Ltd.: interim preference, 2} per cent, (less social security tax), payable April 15, ex March 24. _ Woolworths (Victoria), Ltd.: interim preference payable April 15, ex March 24. Metters, N.Z., Ltd.: annual 7d a share (last year 6d a share), payable March 7, ex March 7. J. Gadsden, N.Z., Ltd: final ordinary 3 per cent., making 6 per cent, (unchanged) for the year, payable March 31, ex March 15. 1.C.1. A. and N.Z., Ltd.: final ordinary, ex March 13. Wellington Meat Export Co. Ltd.: annual 7d a share (unchanged), ex March 6. Net profit of the company for the year ended December 31, 1951, was £6319, against £5549 the previous year. MINING KANIERE DREDGE’S RETURN (New Zealand Press Association) GREYMOUTH, March 3. The Kanlere gold dredge, which established a New Zealand gold production record in January, with a return of 2783 ounces, recorded its second biggest recovery last month with a total of 2456 ounces of gold. This gold was recovered from 146,000 yards of material treated in 502 hours. In the previous month the dredge worked 446 hours and treated 160,000 yards of material for a return of 2783 ounces.