NEW LISTINGS

Press, Volume CII, Issue 30127, 10 May 1963, Page 17

NEW LISTINGS

(N.Z. Press Association) WELLINGTON, May 9. The shares of the Manufacturers and Retailers’ Acceptance Company, Ltd., hirepurchase and general financiers, Auckland, have been listed by the stock exchange. Its paid capital is £300,000 in £1 shares, all ordinary. The shares of Pye Electronics, Ltd., Auckland, have been listed. It is a holding company for the Pye group, which consists of Pye, Ltd.. Akrad Radio Corporation, Ltd., G. A. Wooler and Company, Ltd., Green and Cooper. Ltd., z Allied International Records, Ltd., and Radio Corporation of New Zealand. Ltd. Subscribed capital is £1,050,000 in £1 ordinary shares, of which Im are fully paid and 50,000 paid to Is.

Preference shares of the National Trading Company of New Zealand, Ltd., have been listed. The company is a general merchant and has as subsidiaries Wallace Supplies, Ltd., and Willim Scott General Store, Ltd. Paid capital is £200,000 in 200.000 ordinary shares of 10s each and 200,000 8 per cent, cumulative preference shares of 10s each.

Death Of Mr D. Y. Syme

(N.Z. Press Assn.— Copyright) MELBOURNE, May 9. The shipping leader, Mr David York Syme, died at his home in Key, Melbourne, yesterday morning. He was 86.

Mr Syme was chairman of Melbourne Steamship Company, Ltd., and a director of the National Bank of Australasia, Ltd., and other companies. The son of a pioneer Melbourne shipowner, he succeeded his father as chairman of Melbourne Steamship Company. Ltd. He was a Melbourne Harbour Trust commissioner from 1929 to 1952.

Repco Subsidiary.—Net profit of Payen Byrne and Blackford Pty.. Ltd., in which Repco. Ltd., has a 50 per cent, interest, equalled an earning rate of 103.7 per cent, on paid capital for the year ended June 30. The profit was £93.399—a rise of £10.049 on the previous year. Paid capital is £90,000. Engineering Components. Ltd.. of U.K., owns the remaining 50 per bent. The company makes gaskets at a factory m Brisbane. The annual return rfiows that the company paid dividends totalling £BO.OOO (up £15,000) during the year.