WOOLWORTHS (N.Z.) PROPERTIES

Press, Volume XCVIII, Issue 29067, 2 December 1959, Page 26

WOOLWORTHS (N.Z.) PROPERTIES

Net Profit For Year Steady (New Zeaiana Press Association) WELLINGTON, Dee. - 1. Net profit of Woolworths (N.Z.) Properties, Ltd., for the year to September 30, 1959, was £40,994 against £40,982 the previous year. The result is reached after provision of £14,371 (£38,895) for depreciation and £40,994 (£40,981) for tax. Preference dividend of 5 per cent, takes £38,996 and ordinary dividend of 10 per cent., £1251. Carry forward is £11,020 (£10,273). „„„„„„„ Paid capital consists of £779.930 preference and £12,507 ordinary. Shareholders’ funds are £803,457.

Personal.— Directors of Ballins Industries, Ltd., announce the appointment to their board of Mr T. B. McDonald, of McDonald’s Wines, Taradale, Napier. Nelson Fisheries, Ltd., — No ordinary dividend is recommended. A final preference dividend of 2i per cent, is payable on December 11. —(P.A.) A. and T. Burt.—Books are closing December 3-9 for the second portion of the 61 par. cent, annual dividend the company advises.— (P.A.) N.Z. Paper Mills.—The directors, in view of negotiations which are proceeding, recommend shareholders not to dispose of their shares meantime. —(P.A.) Milburn Lime—Milburn Lime and Cement Is offering shareholders of Southland Cement two fully-paid ordinary shares in Milburn Lime for every 13 ordinary shares of Southland Cement, subject to acceptance by 90 per cent, of shareholders by December 15.—(P.A.)