BONUS ISSUE BY BONDS

Press, Volume CIII, Issue 30365, 14 February 1964, Page 15

BONUS ISSUE BY BONDS

One-For-Five Proposed (N.Z. Press Association) WELLINGTON, Feb. 13. The directors of Bonds Hosiery Mills (N.Z.), Ltd., propose to make a one-for-flve bonus share isue from pre-1957 profits. They also recommend payment of a final dividend of 6d, plus a bonus dividend of IJd a stock unit, making a total distribution of 10£d a stock unit for the year. This is equivalent to 17 J per cent, including 2| per cent bonus. Last year’s distribution was 15 per cent, including 3 1-3 per cent bonus. Group Profit The directors say that subject to completion of audit, group profit for the year to January 19 was about f 150,000. Group profit for the previous year was £111,874. This represented earning of Bonds Hosiery Mills (N.Z.), Ltd., for 12 months and two subsidiaries for nine and a half months only. It was reached after deduction of £8448 earned by the subsidiaries before acquisition. Paid capital of the company .at January 19, 1953, 'was £422.319, and reserves were £298.596. Subject to shareholders’ approval, shares will be ex bonus issue on April 16, and ex dividend on April 4. Zealandia Milling.— Zealandia Milling directors recommend a dividend of 8 per cent plus a bonus of 2 per cent, payable April 8, ex dividend the same day. Last year’s dividend was 8 per cent.—(PJt.) P. Impey Interest.— Phillipps and Impey, Ltd., interest payment on convertible notes is due on February 28. ex interest February 21.—(P.A.) Baillie Mot. Final.—The directors of Baillie Motors, Ltd., Hastings, have recommended a final dividend of 5 per cent, making a steady 10 per cent for the year; ex dividend March 2—(P.A.)