BR. TOBACCO VENTURE

Press, Volume CI, Issue 29801, 18 April 1962, Page 19

BR. TOBACCO VENTURE

Artificial Snow Equipment A.M.F.-Sterling. Ltd.. in which British Tobacco Company (Australia). Ltd., has a half-interest. has been granted Australian rights to make and distribute artificial snowmaking equipment, according to Mr Staller, engineering director n* American Machine and Foundry Company (International). The equipment produced high-quality snow suitable for ski-ing, he said. A demonstration of snow-making is planned for an Australian centre in May. More than 1000 installations had already been made in the United States A.M.F.-Sterling has also bought all the capital of Convaire Pty.. Ltd. Sydney bakery oven maker. A wholly owned subsidiary of A.M.F.-Sterling Sterling Industries. Pty., Ltd., has acted as selling agent in Australia for the Convaire range of bakery ovens, and final proofers for several years.

R. Symonds Prospects

Sales and profits of Ralph Symonds, Ltd., factory and machinery designer and builder, for the December half-year, were lower than for the previous comparable period, interim report states. Trading conditions are improving, with indications that the trend will continue, it adds. Interim dividend is again 5 per cent. Last year’s final was 7J per cent. The Department ot Trade has approached the company regarding several aspects of overseas trading. The company has plans to develop exports to various countries, directors say. The chairman and managing director, Mr Arthur D. Robb, is a member of the trade mission to South America. He will also visit the United States and Canada.

New Companies

Among company registrations in the current "Mercantile Gazette” are the following Christchurch companies: Artists in Hair. Ltd. Private company, April 3; c/o. Laurenson and Green, public accountants. Ml Hereford street. Christchurch. Capital. £lOOO. Subscribers: South Brighton— S. Alexander 989, A. H. Alexander 1, R. L. Laurensofi 10. Objects: Hairdressers and incidental. Cambridge Court. Ltd. Registered April 4: c/o. Arthur L. Gray’ and Company, public accountants, 187 Hereford street. Christchurch. Capital. £75,600. Subscribers: Wellington—A. D. P. Williams 1, C. M. Wright 1: Christchurch—B. S. Williams 1, R. M. Young 1. R. J Williams 1. J. R. Woodward 1. P. R R. Mulligan 1. Objects: Purchase, lease, and exchange lands and buildings and incidental. Linton Engineering. Ltd. P-i--vate company. April 3: c/o. H. H M. O'Neill. accountants. Municipal Chambers. High street, Kaiapoi. Capital. £2OOO Subscribers:—West Melton: J. N Linton 1900, L. E. Linton >OO. Objects: Machinery manufacturers and incidental. Price (S. M. and I. M) Ltd Transferred from Marlborough Registry, c/o. E. J. Harvey and Sons, accountants. Charles street. Blenheim. Welwyn Electric Company, Ltd. Private company, March 27; c/o. Nicholls. North, and Nicholls. public accountants. Cathedra! square. Christchurch. Capital. £2OOO Subscribers: Christchurch: W. P. Scowen 1800 ordinary. B. A. Scowen 200 pref. Objects: Electrical engineers and contractors and j incidental. Increases in Capital Askew (W. O) and Com-1 pany. Ltd., from £2OOO to' £5000: March 30. Belvedere Maisonettes. Ltd.. from £ll.OOO to £12.990. Guthrey (A. R.) and Com-' pany. Ltd. from £BOOO to’ £10.000: April 11. I Lichfield (N.Z.). Ltd., from I £154.000 to £166.000; April 3. Prisks Motor Spares. Ltd. ' from £2OOO to £3500; March 30 Wyles lE. L.) and Company. * Ltd., from £6050 to £20.000; March 30. Golden Bay Interim lnterim dividend is 4 per cent., payable May 10, ex dividend April 28. Last year’s interim 4 per cent, was followed by a final 4 per cent., making 8 per cent, for the year on higher capital. The chairman of directors (Sir John Hott) said results for the half year to December 3! were a new record. This was partly due to the profit earned by W aitomo Portland Cement. Ltd., now a wholly-owned subsidiary. being included in the consolidated profit.—(P.A.)