Expansion by A. Yates
(N.Z. Press Association) WELLINGTON, Nov. 19. Arthur Yates and Company, Ltd, are acquiring a 50 per cent interest in Hauraki Peat, Ltd. The consideration is part in cash and part shares, the company says. The peat moss produced by Hauraki Peat, Ltd, is widely used throughout New Zealand in the horticultural field, and for other purposes. The export market indicates future growth as promising. Arthur Yates and Company, Ltd, will handle distribution and marketing, both within New Zealand, and for export markets. The directorate will be equally shared between the two companies. N.Z. News interim dividend 5 p.c. (N.Z. Press Association) AUCKLAND, Nov. 19. N.Z. News, Ltd, Auckland publisher and printer, will pay an interim dividend of 5 per cent on the present capital of $7,782,083 (including the bonus issue of $3,112,833 made in July). Last year the interim was 7 per cent on capital before the 2 for 3 bonus issue, followed by a final of 6 per cent on capital after the bonus issue. The total was equivalent to 10.2 per cent on capital as after the bonus issue. The interim is payable cn December 4, ex November 20.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19701120.2.148
Bibliographic details
Press, Volume CX, Issue 32459, 20 November 1970, Page 18
Word Count
195Expansion by A. Yates Press, Volume CX, Issue 32459, 20 November 1970, Page 18
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.