NEW LISTINGS

Press, Volume XCIII, Issue 27917, 14 March 1956, Page 19

NEW LISTINGS

Shares recently officially listed by the Stock Exchange Association ol New Zealand include:— Street Consolidated Industries.—The ordinary and preference shares of Street Consolidated Industries. Ltd.. Hamilton. Authorised capita! is £500.000 m 200 ?00 ordinary and 250.000 a per cent curnmafive preference shares participati* o ner cent. Subscribed capital is £220.000 in 110 000 ordinary, and 110,000 preference shares. The financial year ends Marc.i 31. Preference dividends are payable on Mav 31 and November 30. The ordinary dividend will be paid on May 31. Consolid ited Metal.—Preference shares of Consolidated Metal Ltd Auckland. Authorised capital is £250.000 in £1 shales. Subscribed capital is £200.000 m 125.000 ordinary £1 shares and 75.000 5 per cent, cumulative P ref c*’ ence shares of £l. These shares.carry the right as from January 26. 1956 to receive an additional participating dividend of up to 1 per cept. by steps of ,2 pej cent, per annum for each 1 per cent per annum that the dividend exceeds 7*2 per eent. per annum. The financial rear ends March 31. Preference dividends, free of social security tax, are paid on April 1 and October 1. Truth 'N.Z.) —Ordinary and preference shares of Truth (N.Z.), Ltd., Wellington Authorised capital is £260.000 in 160.000 ordinary and 100.000 cumulatixe preference shares of £1 each. Subscribed capital is £187.479 in 125.723 ordinary shares. 50.600 7 per cent, cumulative pieference shares of £1 each reduceo by the National Expenditure Adjustment Act to 5.6 per cent., and 11,756 5 per cent, cumulative preference shares of £1 eacn participating to 6 per cent, with the ordinary shares. (A further 744 of these shares are at present under offer. Tms will complete the issue as authorised ny the Caoital Issues Committee.) The financial year ends March 31. Preference dividends are payable in March and September. It is present policy to pay an annual ordinary dividend after the annual meeting in June or July. Reid Rubber.—The interim preference dividend of 2J per cent, is payable on April 4. ex March 27.—(P.A.) Matheson Minster.—The half-yearly preference dividend of 2J per cent, is payable ex March 12.—(P.A.)