COMPANY AFFAIRS

Dominion, Volume 25, Issue 275, 16 August 1932, Page 12

COMPANY AFFAIRS

Standard Insurance Co., Ltd. DIVIDEND MAINTAINED , As announced iu this column last Wednesday, the Standard Insurance Company, Ktd., is paying a final dividend of 1/3 per share, making 12} per cent, for the year ended June 30. At the meeting of shareholders at Dunedin on September 5, the directors will submit the following report:— The net revenue for the year amounted to £187,350/2/2. The "expenditure was £141,229/8/1, leaving a balance of £46,120/14/1, to which has to be added the balance carried forward from last year, viz., £23,058/19/5. making a total pf £69,179/13/6. From this an interim dividend was paid in March last amounting to £12,500, leaving a balance of £56,679/13/6. This has been dealt with as follow:—Written off office premises, £1600; appropriated for depreciation of securities, £5000; donated to staff provident fund, £1600; allocated to reserve fund, £12,000. It is recommended that the balance, £36,479/13/6, be dealt with as follows: Pay a dividend for half-year ending June 30. 1932, at the rate of 1/3 per share, £12,500; and carry forward to next year £23,979/13/6. Full provision has been made in the accounts for all ascertained losses to the close of the year. The dividend of 1/3 per share now recommended. if approved by the shareholders. will be payable at the .company’s offices immediately after the meeting, and at branches upon receipt of advice. NEW COMPANIES Wellington Registrations The folio-wing registrations of new companies at Wellington are reported by the “Mercantile Gazette”;— W. L. Macpherson, Ltd., drapers, etc., Palmerston North. Capital: £5OO, in 500 shares of £1 each. Subscribers: Palmerston North—W. L. Macpherson •490, L. N. J. Macpherson 10. Bromwich and Findlay, Ltd., a private company, Wellington. Capital: £340, in 340 shares of £1 each. Subscribers: Wellington—Ruth Ricketts 140 fully-paid and 30 contributing, Dorothy Z. Blincoe 170 fully-pajd. Objects: To acquire as a going concern the business of Ruth Bromwich and Dorothy Z. Findlay, to carry on business of hair and beauty specialists. Gloria Mundi, Ltd., Wellington. Capital: £3000,. in 3000 shares of £1 each. Subscribers: Wellington—L. M. McNie 25/J. M. Kennedy 25, W. Butler 25, C. I. Tringhnm 10, L. D. Ayson 10. F. H. Longdin 25, B. L. Sommerfield 10. Objects: To manufacture and deal in cleaning or polishing preparations. Burns-Somerville, Ltd., private company. Wellington. Capital: £350. in 350 shares of £1 each. Subscribers: Wellington—R. C. Somerville 170, W. Burns 170, B. Egley 10. Objects: Business of indentors, importers, manufacturers, etc. George Harrison and Co., Ltd., a private company. Wellington. Capital: £lOOO, in 1000 shares of £1 each. Subscribers: Wellington—G. S. Harrison 999, I. D. James 1. Objects: To carry on business of drapers, furnishing and general warehousemen. Woodleys Agencies, Ltd., a private company. Wellington. .Capital: £l2OO. in 200 preference shares of £1 each and 1000 ordinary shares of £1 each. Subscribers: Wellington—H. R. Woodley 200 preference. 999 ordinary. Mary J. Woodley. 1 ordinary. Objects: To advance, deposit, or lend money, etc.

Okarito Gold Return The Okarito Five Mile Beach Gold Dredge Co.. Ltd., reports to the Stock Exchange Association of N.Z. a return for the week ended August 13 of 18oz 13dwt for 118 hours’ work. Moturoa Oil Wells Moturoa Oil Fields Ltd. has advised the Stock Exchange Association ns follows: —Report for week ended August 13: No. 2 well produced 117 barrels of crude oil (4095 Imperial gallons). Total production to date, 229,314 Imperial gallons. Three days occupied altering surface equipment and cleaning out tubing. No. 3 well: Preparing heavy timbers for rig foundations. New Gold Mining Company The Waitangi Gold Mining Co., Ltd., has been registered in Wellington. Capital: £2500, in 2500 shares of £l-each. Subscribers: Wellington—J. C. Gentry, E. D. D. Miller, J. Faine, R. J. Murphy, Amy D. Gentry, Eliza A. Gentry, A. Hamilton. 1 share each. Objects: Purchase and take over and acquire mining rights and privileges and licenses held by the Alaskan Gold Mining Syndicate. Reduction of Capital It is announced that Barraud and Abraham, Ltd., Palmerston North, have reduced their capital from £160,000 in 20,000 shares of £8 each to £BO,OOO in 20,000 shares of £4 each. \ - FOREIGN EXCHANGES Position of Sterling London, August 13. The following rates on foreign exchanges were current to-day as compared with quotations on August 12 and par:—-

♦Nominal. Gold and Silver. Kondon, August 13. Gold.—£s/18/4 per fine ounce, compared with £5/18/- on Friday. ~ Silver. —Cash, 17 13-16 d per oz.; forward, 17 15-16 d. London Egg Market The Department of Agriculture has received the following message, dated August 13, from the High Commissioner for New Zealand, London: — Eggs: Market, quiet but steady. English, National Pack, 13/- to 15/-; English, Ordinary Pack, 13/- to 13/6; Danish, 9/3 to 12A

Aug. 13. Aug. 12. Par. N. York, dol. to £ 3.474 3.475 4.866 Montreal, (lol., to £ 3.99 3.9S 4.806 Paris, fr, to £ .. 88.75 8811-16 124.21 Bruasels, bel. to £ 25.055 251-32 35.00 Geneva, fr. to £ .. 17.855 17.835 25.225 Amst’dam, fl. to £ 8.GI 8.625 12.107 Milan, lire to £ .. f>7 15-16 • 68.875 92.46 Berlin, mks. to £ .. 14.GO 14 19-32 20.43 St’holm. knr. to £ 13.475 1915-32 18.159 C’hagen, knr. to £ 18 25-32 18.75 18.159 Oslo, knr. to £.... 10.95 19 31-32 18.159 Vienna, schgs. to £ •29.50 •29 34.585 Prague, knr. to £.. 117.50 117.50 164.25 Hel'fors, mks. to £ 232.50 232.50 193.23 Madrid, pes. to £ 43.375 43.375 25.225 Lisbpn. esc. to £ 110 110 110 Athens, drach. to £ 510 540 375 Belgrade, din. to £ —. 215 276.31 Bucharest, lei to £ 587.50 587.50 813.60 Warsaw, zloty to £ . 31 43.38 Rio de. J„ p. to mil . *51-8 •51-8 16.70 B. Aires, p. to peso *_ 47.62 M. Video, p. to peso •30 •30 51 Calcutta, p. to nip. 19 3-64 19 1-32 18 Shanghai, p. to tael 2111-32 21 7-16 — 11.-Kong, p. to dol. 15 29-32 16 5-32 —— Y’hatna, p. to yen.. 17.625 17 11-16 24.5S5 Batavia, gl. to £.. — — . 12.107