EQUITABLE BUILDING CO.

Dominion, Volume 28, Issue 114, 7 February 1935, Page 12

EQUITABLE BUILDING CO.

Small Dividend to be Paid The Equitable Building and Investment Company of Wellington, Ltd., announces a dividend for the year ended December 31, 1934, of 2} per cent., this being the first distribution for three years. Prior to 1932, the usual distribution was 10 per cent. In their annual report, to be presented at the fifty-seventh annual meeting on February 28, the directors state that, after transferring £4714/13/6 to the securities depreciation reserve, the profit for the year amounted to £1575/10/8, which, with the balance brought forward from the previous year of £1034/18/2, made a balance of £2610/8/10 available for appropriation. The directors recommend thalli dividend equivalent to 2} per cent, per annum on the paid-up capital be pflid l for the year, and that the balance be carried forward to next year? Messrs. A. D. Crawford and Win. Ferguson resigned from the board early in the yeqr, and Messrs. Malcolm Fraser and R. P. Stewart vvere appointed in their places, Mr. Fraser being appointed managing director. Sir Harold Bea’uchamp and Mr. B. P. Stewart, the retiring directors, offer themselves for reelection. Mr. E. A. Liddle resigned from the position of secretary to the company, and Mr. 11. W. Heyhoe was appointed secretary and accountant. Messrs. E. W. Bucholz and W. S. Wheeler, the retiring auditors, offer themselves for re-clection.

Base Metals Market By Telegraph.—Press Assn.—Copyright, (Received February 6, 9 p.m.) London, February a. The official London (middle) quotations for Tuesday, as reported by the Australian Mines and Metals Association, compare as under with those previously cabled: —

Sydney Wool Sales By Telegraph.—Press Assn.—Copyright. (Received February 6, 9.50 p.m.) .Sydney, February 6. At the Sydney wool sales to-day 11,767 bales were offered, 11,144 being sold at auction; also 2569 bales were sold privately. The market was very firm, with prices at the best point of the week. Competition was strong and well distributed, with increased Continental support. Greasy merino made to 17Jd,

Fob. -1. Per ton. Feb. 5. Per ton. Copper— .C s. d. £ S. d. .Standard Ji* 11 10’; 27 (i 3 Standard, forward 27 IS li 27 10 7 A Electrolytic ::o 1*> o :;o 15 o to 31 0 0 31 0 0 Wire bars ........ 31 0 0 31 0 0 Lead— Spot 10 3 !» 10 1 3 Forward W 8 !) 10 6 3 Spelter— Spot 11 16 3 11 io 3 Forward 12 1 3 12 1 3 Tin— •Spot 23'1 11 3 233 2 6 Forward 228 IS V 228 18 0 Silver— Standard, per oz. . 24 7-16.1. 24 7-16(1. Fine 28 3-Sd. ♦American, 50.80 cents a 26 3-8(1. lb.