U.E. BOX SALES

Press, Volume CIII, Issue 30530, 27 August 1964, Page 17

U.E. BOX SALES

Rise Shown In Current Year Sales in the first four months of the current year had been in excess of those for the same period of 1963 in spite of a substantial drop in the export of packaged meat, the chairman of the United Empire Box Company Ltd. (Sir William Perry) said at the annual meeting in Auckland.

The diversion of exports from the United States (New Zealand’s main market for packaged meat) to the United Kingdom (in carcase form) had resulted in a decrease of several thousand tons of packaging. Otherwise, the demand for packaging remained buoyant, Sir William Perry said. New fields were constantly being explored and developed. The debenture issue to institutions, which would provide fresh funds in excess of £500,000 on a long-term basis, should be completed during the coming month.

Albion Quarries Profit, Div. Up (N.Z. Press Assn.—Copyright) MELBOURNE, August 25. Albion Quarries, Ltd,, has raised dividend from 10 to 12} per cent, after a £96,280 increase in consolidated trading profit in the year to June 30. Net profit rose from an adjusted £154,222 to £250,502, after depreciation of £296,256 (previous £253,027) and after tax (at the new rate) of £190,300 (previously adjusted £57,901). Directors say turn-over increased 30 per cent, compared with the previous period. Final dividend of 7} per cent will be paid oh October 27. Books close on September 30.

Business Personals

Mr C. Sead-Gowing, New Zealand manager of the Century Insurance Company, Ltd., will retire on September 1. Mr A. Sharpe, . Wellington branch manager, will become manager of the head office, which is being transferred from Auckland. Mr J. R. Savage will be in charge of the Auckland branch.

Mr P. W. Hames, advertising manager of the Nestle Company (New Zealand), Ltd., will attend the 1.M.E.D.E. Management Development Institute in Lausanne, Switzerland. He is the first to be accepted from a New Zealand company to attend thecourse which will last eight-and-a-half months: Mr R. J, Abercrombie has joined the boards of the Bank of New South Wales and the Bank of N.S.W. Savings Bank, Ltd. He retired as general manager of the bank last month.

Bonds Hosiery. Bonds Hosiery will pay a steady 5 per cent interim ordinary dividend: payable September 18, ex dividend September 7. Last year total dividend was 171 per cent, taking in 21 per cent bonus.— (P.A.)