N.C. FREEZING

Press, Volume CII, Issue 30294, 21 November 1963, Page 21

N.C. FREEZING

Profit Steady At £B4BO Net profit of the North | Canterbury Sheepfarmers’ I Co-operative Freezing, Ex-1 port, and Agency Company,! Ltd., rose by £B3 to £B4BO in the year to September 30.: This was after providing! £499 more for depreciation I at £16,358. Under exemption) from the Companies Act, tax provision is not separately: stated. Unchanged dividends of 5i per cent preference and 6 per cent ordinary take a steady £3718. The transfer to general reserve is £5OOO. compared with £BOOO last year, and carry forward is £4862 I <£slool. Unchanged capital of £65.031 comprises £28.341 ordinary and £36,690 preference shares. Capital reserves are steady at £27.398. and shareholders’ funds £4762 higher at £160.291. Current liabilities are down £31.206 at £132.969. taking in creditors down £33,630 at £65.207. and bank overdraft up £2524 at £64,044. Fixed assets are £3536 higher at £211.714. Current assets at £81,546 are down £29.980. taking in stocks down £20.513 and debtors down £9467. D.B. Dividend. — Dominion Breweries. Ltd., Auckland, has declared a 5 per cent interim dividend: payable December 13, ex dividend December 4. Last year’s interim 5 per cent was followed i by a final 5 per cent, making) a steady 10 per cent tor the) year.— (P. A.) Quill. Morris.— Quill. Morris. Ltd., Christchurch, wine and I spirit merchants and cordial, manufacturers, is to pay al steady 5 per cent interim divi-i dend; payable December 20. ex! dividend December 9. Last year total dividend was 12J peri cent. New Supermarket.— The Sydenham supermarket of Hay’s, Ltd., will open for business today. Claimed to be the largest individual suburban store tn New Zealand, it carries the same range of merchandise as the company’s Riccarton supermarket. The new supermarket, on its three-acre I site, will initially offer parking space for 140 cars, and eventu- ) ally for 250 cars, making it the largest private car park in the ; city. H. J. Kearns.— Messrs D. W Blackmore and N. W. Whyte, I the retiring directors, were rei elected at the annual meeting yesterday.