Dalgety Offshoot Listing In 1969

Press, Volume CVIII, Issue 31836, 14 November 1968, Page 19

Dalgety Offshoot Listing In 1969

(N Z. Press Association—Copyright) SYDNEY, November 13. Stock exchange listing in New Zealand of the operating company of Dalgety and New Zealand Loan, Ltd, may be possible within the next 12 months writes Trevor Kennedy from London in today’s issue of the “Australian Financial Review.”

“Authoritative sources say the companies themselves will be established within six months. However, the issue of a prospectus and subsequent listing naturally depends on the amount of money needed by the company." It could be more than two years before it has Australian listing, he said, and a year for New Zealand. Colonel C. P. Dawnay. chairman of Dalgety and N.Z. Loan, said he would only increase his recent £6.5m takeover bid for the New Zealand and Australian Land Company if it could show it was expecting “vastly increased profits.” Group profit for Dalgety

and N.Z. Loan fell £175.151. or 8.7 per cent, to £1,841,000 in the latest year. H. Jones Plans Bonus Issue (N Z. Press Assn— Copyright) SYDNEY. Nov. 13. Directors of Henry Jones (1.X.L.), Ltd, expect to announce in February plans for a bonus issue—the second in the company’s history. In a brief statement yesterday the directors also disclosed that the ordinary divi-| dend would be lifted to a re- 1 cord 14 per cent for the year ] to September 30.