Company News RECORD NATIONAL MORTGAGE YEAR

Press, Volume XCVII, Issue 28492, 23 January 1958, Page 15

Company News RECORD NATIONAL MORTGAGE YEAR

Net Profit £174,726 Net profit of the National Mortgage and Agency Company of New Zealand, Ltd., rose by £16,086 to a record of £174,726 sterling in the year ended September 30, according to a preliminary statement. The result was struck after providing £150,000 for taxation, against £152,250 in the previous year. Dividend of 8 per cent., tax free, as forecast at the time of the bonus and cash issues in Septem. ber, 1956, requires £BO,OOO on the increased capital. During the past financial year two stock and station agency companies merged with National Mortgage—the 95-year-old Canterbury firm of H. Matson and Company and the Auckland firm of Alfred Buckland and Sons, Ltd., which commenced operations in 1853. G. J. COLES (NJ2. Press Assoctatton—Coppripht) MELBOURNE, Jan. 22. G. J. Coles and Company, Ltd., chain-stores, broke all previous sales and profit records in the six months ended December 31. Directors yesterday declared an interim ordinary dividend of 4 per cent.—the first interim since last year’s 3-for-10 bonus share issue. Last year the company paid an interim of 5 per cent, before the bonus issue and a final of 7 2-3 per cent, after the bonus. In an accompanying interim report, directors said sales and profits for the past six months had shown an increase compared with the same period in 1956. Turnover of the group for the year ended June 30 last rose by 25 per cent. to a record £46,283,000, and profit rose from £1,364,011 to a new peak of £1,720,336. Ordinary dividend for the year took £1,025,144 and 8 per cent, preference £12,000. Bank N.S.W.—The Bank of New South Wales has declared an unchanged interim quarterly dividend of 9s per share (Australian currency), payable at the head office, Sydney, on February 28, 1958. The total dividend for last year was 36s a share, or 9 per cent.—P.A. NEW COMPANIES Company registrations notified in the “Mercantile Gazette” include:— Footrot Clippers, Ltd. Private company, November 21; 304 Cashel street, Christchurch. Capital: £lOOO. Subscribers: Christchurch—A. J. Cordery 330, H, M. Hewland 330. Rakaia—A. M. Stephens 10, R. A. Stephens 330. Objects: Acquire patent rights N.Z. No. 110645, 112668, Aust. No. 200335, wholesalers, retailers, and incidental. Scarborough Finance Company, Ltd. Private company, December 3; 78 Cashel street, Christchurch. Capital: £lOOO. Subscribers: Sumner— G. F. Davis 700, M. A. Tuer 150, D. D. Tuer 150. Objects: Financiers and incidental. Aotea Run Company, Ltd. Private company, December 6; Aotea Station, Awatere Valley, Seddon. Capital: £lO,OOO. Subscribers: Mount Somers —S. M. A. Chaffey 7000, L. C. Chaffey 2000, R. S. A. Chaffey 500. Palmerston North—R. A. Scoular 500. Objects: farming and incidental. Watson (Fred) Tourist Company, Ltd. Private company, December 9; 247 A Wairakei road, Christchurch. Capital: £9OO. Subscribers: Christchurch—F. J. Watson 600, L. H. Goode 300. Objects: conductors and organisers of tours and incidental. Shearer (Roderick), Ltd. Private company, December 9; Mount Hutt road, Methven. Capital: £lO,OOO. Subscribers: Methven —R. Shearer 9400, J. Shearer 500. Sumner —D. H. Kernahan 100. Objects: agricultural, earthmoving, and reading contractors and incidental.

Cox (J. S.j, Ltd. Private company, December 9; 9 Menzies street, Sumner. Capital: £lOO. Subscribers: Sumner—D. H. Kernahan 50. Methven—R. Shearer 50. Objects: agents, dealers, brokers, and commissioners and incidental. By-Products Investments Com-, pany, Ltd. Private company, December 12; 19 Strathallan street, Timaru. Capital: £2OOO. Subscribers: Winchester—J. T. F. Baker 1990, A. G. Baker 5, D. Baker 5. Objects: processors and marketers of byproducts of wool-scouring, wool brokers, and incidental. Glendore Farm. Ltd. Private company, December 12; 176 Hereford street, Christchurch. Capital: £lO,OOO. Subscribers: Christchurch—K. Scott 5000, F. M. Scott, B. F. Anderson 5000 jointly. Objects: farming and incidental. Warren’s Grocery, Ltd. Private company, December 13; 177 Hereford street, Christchurch. Capital: £5OO. Subscribers: Christchurch —J. F. Warren 380, W. K. Thiele 120. Objects: grocers and incidental. Hei Hei Pharmacy. Ltd. Private company, December 16; 133 Cashel street, Christchurch. Capital: £2OOO. Subscribers: Hornby—Q. D. L. White 1500. Christchurch—D. V. B. P. White 500. Objects; 'chemists and incidental. Richards Farm, Ltd. Private company, December 16; 167 Hereford street, Christchurch. Capital: £6OOO. Subscribers: Christchurch —C. L. Richards 1800, A C. Richards 4200. Objects: farming and incidental. Orari Estate, Ltd. Private company, December 17; c/o Pyne, Gould, Guinness Ltd., Strathallan street, Timaru. Capital: £lO,OOO. Subscribers: Orari —R. A. M. Macdonald 9999, P. A. Macdonald 1. Objects: acquire land, farming, and incidental. Rosebrook Properties, Ltd. Private company, December 18; 38 Heberden avenue, Christchurch. Capital: £lOOO. Subscribers: Christchurch— P. J. A. Page 999, M. Page 1. Objects: acquire and deal with land and incidental.