MEAT PACKERS MOVE

Press, Volume CIII, Issue 30339, 15 January 1964, Page 18

MEAT PACKERS MOVE

Balance Date May Be Changed “The Press" Special Service WELLINGTON, Jan. 14. ' Meat Packers (N.Z.), Ltd., is seeking the approval of the Commissioner of Taxes to a change in the company’s balance date to October 31. The proposed date is in line with that of other principal meat export companies, and falling in the off season will allow for prompt presentation of the annual accounts, the company says. If the proposal is approved the opportunity will be taken to change the pattern of dividend payments to one interim payment followed by a final dividend, to be recommended by the directors to Shareholders in annual meeting, When the financial year’s results are considered. To conform with this pattern, the December, 1963, quarterly dividend on ordinary capital will be suspended. The discontinuance of quarterly dividends to over 1400 shareholders will result in a worth-while saving of overhead which will be to the ultimate benefit of Shareholders, the company says.

No Trading By United Tele. (N.Z. Press Assn. —Copyright) SYDNEY, January 14. Directors of United Telecasters Sydney, Ltd., report that the company has not traded during the six months ended December 31, 1963. Steps have been taken to secure the necessary sites for studio and transmitter facilities and orders have been placed for equipment to be available for installation at the appropriate time. It is expected that Channel 10 will be operational in March, 1965.

Tube Inv. Aust. Holdings Year

(N.Z. Press Assn.—Copyright) MELBOURNE, Jan. 14. Tube Investments (Australian Holdings) Pty., Ltd., subsidiary of Tube Investments, Ltd., made a net profit for the year ended July 31, 1963, of £168,312, after providing income tax of £382. The latest result compares with the previous year’s net profit of £210,609. Dividends of £168,500 will be paid to the parent company, compared with £210,650 for the previous year. Issued capital consists of 1,053,128 £1 ordinary shares being fully paid. The company’s income is derived solely from investments in stocks and shares not quoted on Australian stock exchanges.

Multi Listing Bureau Listings and sales by members of the Multiple Listing Bureau of Christchurch rose sharply in the nine months to December 31 last, compared with the same period of 1962, says the bureau in its latest newsletter. By the end of December sales had passed the £l.sm mark. There had been 1134 listings and 453 sales. Hie year before there were 389 sales from 915 listings and the value of the sales was £1,267,300. In December there were 101 listings and 39 sales. The best listing agency sale was £5475 for a house in Rountree street, Riccarton. Fully Subscribed.—The issue of £2m of unsecured notes, with a maximum rate of 7 per cent, by the Custom Credit Corporation, Ltd.. Sydney, has closed fully subscribed. Canterbury Seed.—The £1 shares of Canterbury (New Zealand) Seed Company, Ltd., will be ex rights to a one-for--10 par issue on January 21. COM