WALTONS

Press, Volume XCVII, Issue 28702, 27 September 1958, Page 18

WALTONS

Assets Rise (N.Z. Press Association—Copyright! MELBOURNE, Sept. 26 Group assets of Waltons-Sears. Ltd., retailer, jumped £4.2m, or 26 per cent., to £20.5m in the year to July 31. Most of the increase in assets came with extended credit. The group had £ 11.9 m out in customers’ accounts at July 31— £2.7m more than a year earlier. Of the group’s total, the new credit subsidiary—Waltons-Sears Credit Corporation—now holds £2.om of the debts owed to the company.

N.Z. Cement.—The directors of the New Zealand Cement Company. Ltd., announce that they have appointed Mr H. Petersen, the present resident engineer, to be the general manager of the company. Mr C. F. Schadick, of Westport, will continue to be associated with the board of directors in an advisory capacity. N.Z. Newspapers.—New Zealand Newspapers, Ltd., will pay an interim dividend of 3 per cent, for the half-year to September 30. The interim dividend last year was 2i per cent., with a final 4*/ a per cent making a total of 7 per cent. Shares will be ex-dividend on September 29, and the dividend will be payable on October 15. Australian iron and Steel.—Australian Iron and Steel has announced dend will be payable on • November that its half-yearly preference divi1. The shares will be ex dividend on October B.—(P.A.) Wool worths (South Africa). —Woolworths Holdings (S.A.) announce a final 15 per cent, dividend on ordinary and A class shares, to be ex dividend on October I.—(P.A.)