PRESTIGE, N.Z.

Press, Volume XCVII, Issue 28616, 19 June 1958, Page 17

PRESTIGE, N.Z.

Rise In Profit (New Zealand Press Association) WELLINGTON, June 18. Net profit of Prestige New Zealand. Ltd., for the year ended March 31. 1958, was £44,732 compared with £26.376 for the previous year. This profit was struck after. allowing £40.456 for depreciation (£30.634 last year) and £53,659 (£28,019) for taxes. The 6 per cent, preference dividend takes £lBOO and the 12£ per cent. ordinary dividend £22.851. Last year a 10 per cent, ordinary dividend was paid, requiring £18,162. The carry forward will be raised from £16,787 to £36.868. The directors report that the company purchased the business of the New Zealand Hosiery Co.. Ltd., a company engaged in the wholesaling of all the products of Prestige New Zealand, Ltd on April 1, 1957. For the purpose a loan was raised overseas and at balance date £lOl,OOO remained to be repaid.

KAIAPOI’S NEW DIRECTOR Mr Herbert Hill, 0.8. E., has been appointed to the board of the Kaiapoi Woollen Manufacturing Company. Ltd. Mr Hill’s appointment fills the vacancy caused by the death last year of Mr W. R. Carey, general manager and a director of the company.

NEW COMPANIES Details of company registrations notified in the "Mercantile Gazette" are:— Nganere (Waimate), Ltd. Private company, June 4, "Ngahere,” Waimate. Capital, £4OO. Subscribers— Waimate: M. G. N. Rattray 300 pref., 95 ord., J. F. Rattray 5 ord. Objects: purchase farm property and incid. Lacrosse (Sefton), Ltd. Private company, June 4, c/o. G. E. Koller, 7 Ashley street, Rangiora. Capital: £lOOO. Subscribers—Sefton: A. L. James 999, O. M. J. James 1. Objects: farming and incidental. Associated Services, Ltd. Private company, June 5. 128 High street, ■Christchurch. Capital, £6OO. Subscribers —Christchurch: O. Houison 500, C. C. Maddren 100. Objects: business manufacturers and incidental. i Judd (W. O.) and Sons, Ltd. Private company, June 6, Darfield. Capital, £30,000. Subscribers—Darfield: W. O. Judd 29.999, J. A. Judd 1. Objects: farming and incidental Dingwall and Smith, Ltd. Private company, June 6, c/o. Miller, Gale and Winter, 116 Lichfield street, Christchurch. Capital, £l5OO. Subscribers—Christchurch: I. H. Dingwall and F. J. M. Smith 750 each. Objects: painters, paperhangers and incidental. Cantwell Cars, Ltd. Private company, June 6, c/o. Miller, Gale and Winter, 116 Lichfield street, Christchurch. Capital, £5OOO. Subscribers: Christchurch: F. D. Cantwell 3000, E. M. B. Cantwell 2000. Objects: dealers in motor-cars and incidental. Cresswell Motors, Ltd. Private company, June 9, 90 Cresswell avenue. Christchurch. Capital, £5OOO. Subscribers—Christchurch: G. M. Prattlcy and D. M. Duthie 2500 each. Objects: dealers in motor-cars and incidental.’ Lombank (New Zealand), Ltd. Private company, May 29. c/o. P. B. Watts and Company, 67 Worcester street, Christchurch. Capital, £lOO in 400 shares of 5s each. Subscribers—London: Lombard Banking, Ltd., 399. Christchurch—P. B. Watts 1. Objects: hire purchase financiers, concessionaires, merchants and incidental. Atkinson (A. J.) and Company, Ltd. Private company. May 30, c/o. Lake, Lake, Glvnn and Smith, 146 Gloucester street, Christchurch. Capital, £l5OO. Subscribers —Christchurch: H. R. Lake 1200, A. J. Atkinson 300. Objects: furnishers, upholsterers and incidental. Kaiapoi Electrical Services, Lid. Private company, June 3, 41 Hign street. Kaiapoi. Capital, £3OOO. Subscribers—Kaiapoi: J. Pedersen 2750, M. H. Pedersen 250. Objects: electrician and incidental Rivers (G. V.) and Company, Ltd Private company, June 3, c/o. J W K. Lawrence and Company, 154 Hereford street, Christchurch. Capital, £lO.OOO. Subscribers—Hororata: G. V. A Rivers 1000 ord., L. J. and G. V. A. Rivers, I. E. Fitchett (jtly.) 9000 p’-ef. Objects: farmers and incidental. Garrick Investments (Christchurch), Ltd. Private company. June 4 c/O Hudson. Sanderson and Barton. 304 Cashel street, Christchurch. Capital, £lOOO. Subscribe*—Auck-