Company News PRUDENTIAL BUILDING

Press, Volume XCVII, Issue 28530, 8 March 1958, Page 15

Company News PRUDENTIAL BUILDING

Profit £5237 A working profit of £5237 for the year ended December 31, 1957, is shown by the annual accounts of the Prudential Building and Investment Society of Canterbury. This figure is reached after paying £1990 in salaries, directors’ fees, audit fees and commission. During the year, the society earned £6440 in interest on loans. Total loans on mortgage at December 31 were £182.105, while deposits with the society totalled £111,589. Shareholders received a dividend of 6 per cent, which took £4031. The directors report that the demand for mortgage money has been steady throughout the year, but that lack of finance for mortgage advances resulted in many applications being declined. Fletcher’s New Directors (New Zealand Press Association) AUCKLAND, March 7. Several changes in the board of directors of Fletcher Holdings. Ltd., have been announced. Mr J. T. Martin has resigned on account of ill health, and Dr R. W. Harman has been appointed in his place. Dr Harman recently retired as general manager of the Colonial Sugar Refining Co., Ltd. (N.Z.). Mr A. C. Isaacs, who has been on the board since 1953, representing the Colonial Sugar Refining Co., Ltd., has resigned, ahd Mr L. L. Gilmour has been appointed in his stead. ’ Mr Gilmour was recently appointed New Zealand manager of Colonial Sugar, succeeding Mr Isaacs who has taken up a position with the company in Sydney ,Mr Gilmour and Mr J. E. R. Crooks, who is already a board member, represent the Colonial Sugar Company, which holds a large block of shares in Fletcher Holdings, Ltd. Dr Harman has been appointed to the board in an individual capacity, not as a nominee of the sugar company.

Milburn Lime.—The Milburn Lime and Cement Company, Ltd., has declared an unchanged interim dividend of 2J per cent, on its share capital, for the half year ended January 31, 1958. Last year, the total dividend was 71 per cent. The dividend will be payable on March 26, and the share register will be closed from March 14 to March 25 inclusive.—(P.A.)

William Cable.— William Cable Holdings, Ltd., has declared unchanged interim dividends of 31 per cent, on cumulative A participating preference shares, and 2£ per cent . on each of cumulative B preference shares and- redeemable cumulative C preference shares. Total dividends for last year were 7 per cent, on A preference shares, 5 per cent, on B preference shares and 6 per cent, on C preference shares. The dividends on A preference shares and C preference shares are payable on April 1, and the dividend on B preference shares is payable on April 30.—(P.A.) Commercial Banking.— Commercial Banking of Sydney advise the issue of 96.000 shares of £25 each. £l2 10s per share to be paid on application, the balance of £l2 10s remaining unpaid, to be called up only in the event and for the purpose of winding up the company. These new shares will be offered at per ratio 1 for 5 held on April 22. Transfers must be lodged for registration not later than April 11 Applications and payment in full for new shares is required not later than June 20, 1958. Dividends will accrue from June 30, 1958. (P.A.) Motor Specialities.— Motor Specialities, Ltd., has anounced a final preference dividend of 2’/ 2 per cent, and an interim dividend of 5 per cent, on old shares and at a rate of 10 per cent, per annum from the date of allotment on new ordinary shares.—(P.A.) B.H.P.— Broken Hill Proprietary, Ltd., has anounced a half-yearly dividend of lOd a share, Australian currency. Last year the company’s interim dividend was Is a share, and the total dividend was 2s a share. The dividend is payable on May 28, and the shares are ex dividend on March 22.—(P.A.) Mount Lyell.— Mount Lyell mining has anounced an interim dividend of 6d a share, exempt from Commonwealth income tax. The dividend is payable on April 26, and the shares are ex dividend on March 18.—(P.A.) Canterbury Roller Flour.—CanterRoller Flour has recommended a dividend of 5 per cent, for the year ended December 31, 1957. In the year ended December 31, 1956, the total dividend was 8 per cent. Matheson Minister— Matheson Minister has announced an unchanged interim preference divided of222’ 2 per cent., payable on March 20. The shares are ex dividend on March 14. The shares are 5 per cent. cumulative preference.— (P.A.) Yarra Falls.— Yarra Falls, Ltd., Australian textile manufacturers, have announced an interim dividend of 4 per cent., payable on April 23, the shares being ex dividend on March 9.—(P.A.) N.Z. Refrigerating.— Mr Harold Cordery has been appointed assistant manager of the New Zealand Refrigerating Company, Ltd. Mr Cordery was formerly secretary to the company. Mr R. C. Hamilton has been appointed secretary, and Mr L. C. C. Spooner accountant. These senior staff appointments were made at a meeting of directors on Thursday. STOCK SALES ST. ANDREWS “The Press” Special Service TIMARU, March 6. The yarding of fat cattle was a small one of 75 head, and weight and quality covered a wide range at St. Andrews stock sale today. The sale opened on a steady note and remained so throughout the auction, with values holding firm. The sheep offering comprised a mixture of store and fat sheep. Values were:— Fat Cattle.—Steers: Prime, £37 17s 6d to £4l 2s 6d; light to medium, £2B 2s 6d to £34 2s 6d. Heifers: Prime, £2B 2s 6d to £35 7s 6d; light to medium, £l7 2s 6d to £24 2s 6d. Cows: Prime, £22 2s 6d to £26 17s 6d. Fat Sheep.—Wethers: Prime, to 77s Id. Freezing ewes, 30s Id to 34s 7d. Store Sheep.—Two-tooth ewes, to £5. Failing mouth ewes, 32s to 395.