NATIONAL ELECTRIC’S ACCOUNTS

Press, Volume XCIII, Issue 27873, 23 January 1956, Page 16

NATIONAL ELECTRIC’S ACCOUNTS

Net profit of the National Electrical and Engineering Company, Ltd., Wellington, declined by £10,879 to £52,991 in the year ended October 31. The result was struck after provision of £11,600 less for taxation at £61,400. As previously announced, dividend is unchanged at 25 per cent., and requires £29,567. No addition has been made to reserves, which were credited with £50,000 in the previous year, and a balance of current profit of £23,424 remains to increase the carry-forward to £67,876. COMPANIES REGISTERED The following company registrations are among those notified in the latest issue of the “Mercantile Gazette”: — McDougall Investments, Ltd., private company, December 13; 11 Caversham street, Christchurch. Capital, £3500 in £1 shares. Subscribers: Christchurch—H. McDougall and J. McDougall' 1700 each, C. J. P. Bashford 100. Objects: Invest moneys, etc. Glens of Tekoa, Ltd.,'private company, December 13; 177 Hereford street, Christchurch. Capital, £7OOO in £1 shares. Subscribers: Culverden—W. D. Mcßae 5000, W. D. and S. M. Mcßae 2000 jointly. Objects: farmers and incidental. Ashburton Masonic Hall Company, Ltd., private company, December 13. Capital, £lO,OOO in £1 shares. Subscribers: Ashburton—W. H. R. G. Sarney, L. A. Charles, J. Lane 4400 (jointly). E. R. Easterbrook, J. K. Mather, R. F. Lyon 3800 (jointly), G. E. Argyle, J. S. McLauchlan, with B. A. Howden, of Mayfield, 1800 (jointly). Objects: to carry into effect agreement and dealing in property, machinery, etc., and incidental, in connexion with company. Oakleigh (Southbridge), Ltd., private company, December 14. Capital, £25,000 in £1 shares. Subscribers: Leeston—A. Nimmo 19,000, Trustees Exors. and Agency Company of N.Z., Ltd., 4000, 2000. Objects: Farming and incidental. Strang (H. J.) Ltd.,> private company, December 14; 145 Worcester street, Christchurch. Subscribers: Christchurch—H. J. Strang 4999, F. S. Allott 1. Objects: building contractors and incidental. CAPITAL INCREASES The 'Mercantile Gazette” lists the following increases in capital:— Robert Francis, Ltd.: from £30,000 to £40,000. G. P. McElwee and Company, Ltd.: from £5OOO to £6OOO. Rolleston Investments, Ltd.: from £lOO to £5OOO. Regent Furnishers, Ltd.: from £2OOO to £lO,OOO.