Company News ENGINEERS IN INDUSTRY

Press, Volume C, Issue 29672, 16 November 1961, Page 19

Company News ENGINEERS IN INDUSTRY

“Policy Fully Justified” fN.Z Pr«» Aesocfation) AUCKLAND, Nov. 15. Winstone, Ltd’s policy of employing qualified engineers and technicians had been fully justified by greatly increased efficiency in all under takings, the chairman (Mr Eric G. Winstone), told the annual meeting in Auckland today. This had been an important factor in enabling the company to meet the record demand for building materials, he added. The most important event of the year was the opening of the new Gibraltar board factory in Christchurch, built in a record time of fixir months. Apart from the control instruments and the boiler, all plant was manufactured in New Zealand. “This proves that, providing a job is properly planned, New Zealand manufacturers can complete contracts both expeditiously and well,” Mr Winstone said.

Wattie’s Sales Exceed £3m

(N.Z. Press Association) HASTINGS, November 15. Sales of J. Wattie Canneries, Dtd’s, canned an’d frozen foods on the New Zealand and overseas markets Last financial year amounted to £3,038,000, said the chairman of directors (Mr J. Wattie) at the company’s annual meeting at Hastings this afternoon, “After writing off £126,000 for depreciation and providing £ 168,000 for taxes, the net profit is £163,1116,” said Mr Wattie.

McLean Castings.-—McLean J Castings, Ltd., Sydney, has re- 1 ceived a cash take-over offer < of 22s a £1 share from McKelvey’s Pty, Ltd. The offer is worth £206.250 for McLean’s 1 capital of £187,500. s William Cable.—William Cable Holdings, Ltd., interim dividend is 3J per cent. Last year the interim 3J per cent, was followed by a final 3i per cent., making 7 per cent, for the year.—(P.A.) Skellerup Final.—Directors of Skellerup Industries, Ltd., Christchurch, recommend a final ordinary dividend of 5 per cent., making an unchanged 10 per cent, for the year, payable December 1, ex dividend November 28.—(P. A.) Aust. Oil and Gas.—Australian Oil and Gas Corporation, Ltd., spent £106,262 on development, including depreciation £10,777, for the year ended June 30. This makes the total development outlay £761,366. Administrative expenses of £30,438 was almost offset by investment income of £29374. New Listing.—The shares of the Matakano Milling and. Export Corporation, Ltd., Tauranga, have been listed by the Stock Exchange Association. Tfee company is a holding company with, as subsidiaries Bunn Brothers, Ltd., sawmiller, and Harbour Transport, Ltd., launch and lightering services proprie- ; tor. Its authorised capital is i £150.000 in £1 ordinary shares, of which 140.064 are subscribed and fully paid.

New Companies The following company registrations are notified in the current "Mercantile Gazette”:— Empire Rubber Mills, Ltd. Registered as a private company. October 26. . Para Rubber Company, Ltd. Registered as a private company, October 26. Jackdaw House, Ltd. Private company. November 1; 87 Worcester street, Christchurch. Capital. £5OO. Subscribers: Christchurch—H. M. S. Dawson 250, A. I. Cottrell 250. Objects: Buy and sell lands and premises, investment company and incidental. Nilsson Bros.. Ltd. Private company. November 1; Main road, Sprtngston. Capital: £2OOO. Subscribers: Springston—E. and G. Nilsson 1000 each. Objects;. Joinery manufacturers, cabinetmakers. and incidental. Church Bay Services, Ltd. Private company. November 1; Church Bay. Capital: £3OOO. Subscribers: Diamond Harbour—A. C. Clibborn 1000. Purau—F. R. Mackey 2000. Objects: Motor garage, service station .proprietors and incidental. Ballochmyle Farm, Ltd. Private company. November 2; The Arcade, Timaru. Capital: £5OOO. Subscribers: Orton—W. Langrell 1000 preference. 3995 ordinary, O. G. Stevens 5 ordinary. Objects: Farming and incidental. McKay Earthmovers. Ltd. Private company. November 2; c/o. I. M. Hamilton, Burnett street, Ashburton. Capital: £BOOO. Subscribers: Christchurch—D. B. McKay 7900, H. McKay. 100. Objects: Earth moving contractors and incidental. _., Timaru Buildings. Ltd. Private company. November 3; c/o. Solomon and Stockwell, public accountants. Windsor Building. Canon street. Timaru. Capital: £9OOO. Subscribers: Timaru—J. F. Rooney 3000, A. L. Q Solomon 3000. W C. Burton 3000. Objects: Deal in land and buildings and incidental.

R.C.H. Engineering Company Ltd. Private company. November 3: c/o. Caygill Hibbard and Moore. 104 Riccarton road Christchurch. Capital: £5OO Subscribers: H. R Jerard 498. A V. Jerard 1. Objects; Air conditioning. central heating, refrigeration and consulting engineers and incidental.