Bid For Holeproof Ordinary Shares

Press, Volume XCIX, Issue 29194, 3 May 1960, Page 19

Bid For Holeproof Ordinary Shares

(N.Z. Press Association— Copyright) MELBOURNE, May 2.

Holeproof Industries, Ltd., has received an offer to acquire the ordinary shares of the company, directors reported to the Melbourne Stock Exchange today. The offer is receiving the attention of the board. Holeproof Industries is a holding company formed in 1957. It acquired Holeproof, Ltd., and Holeproof (N.S.W.), Ltd., and also controls Holeproof Apparel, Ltd., and Australian Knitting Mills, Ltd. Ordinary capital of the company is £1,401,571. Reserves, including unappropriated profit, are £1,303,332. In its latest year, to December 3., the company achieved a record turnover of £6m, but profit slipped from £240,714 in '1958 to £185,175. Ordinary dividend was reduced from 10 to 8 per cent

Peters Ice Cream.—Peters • Ice Cream (Vic) is to call an extraordinary general meeting to consider the subdivision of existing fully paid ordinary shares of 12s each into six shares of 2s each, similar subdivision of existing unissued ordinary 12s shares, and increasing the capital of the company to £sm by the creation of 27,500,000 shares of 2s each —(P.A.)

LONDON METALS MARKET (N.Z Press Association—dominanti LONDON, April 29 Latest London metal prices are: Buyers Sellers a ton a ton £ad £ a d

Clutha Gold.—ln the quarter ended March 31, the dredge worked 1067 hours for 9640 z gold. In the year to March 31 the dredge worked 5600 hours (6255 hours the year before) for 61330 z (5521 oz.).—(P.A.)

Tin— Spot Le->ri- .. 790 0 0 791 0 0 Spot Ztnc— .. 77 12 6 77 15 0 Spot Conner— . .. 93 15 0 94 0 0 Spot .. 258 10 0 259 10 0