DEALINGS ON 'CHANGE

Dominion, Volume 28, Issue 123, 18 February 1935, Page 12

DEALINGS ON 'CHANGE

Sales Recorded on Saturday RETURN ON INVESTMENTS Sales recorded on Dominion Stock Exchanges on Saturday are shown in the, following list. In the second column is given the return based on the last annual dividend from investment at the quoted price. In calculating the return on shares in companies which pay their dividends outside New Zealand the exchange rates have not* been taken into consideration. The return of 4 per cent. Government loans includes redemption. In the case of 34 per cent, loans the return is for the interest alone, and covers only the period for which the loans are tax-free. WELLINGTON. Yield

DUNEDIN. £ s. d. £ s. d. Dominion Fertiliser, 7} p.c., 1/2/1941 .... 105 0 0 — Bank of N.Z., D mort. 1 12 0 4 13 9 Bell Kllgour , 0 0 0} — QUILL, MORRIS, LIMITED Reconstruction in View Reporting on the results of the third year of the winding up of the company, the liquidators of Quill, Morris, Limited, state that further progress has been maoe in the liquidation of the company, toe bank overdraft having now been reduced from the verv considerable indebtedness of £41,896/3/10 in January L l932,, to a net figure at January 25, 193 a, of £7,-33,-6/3. The trading operations of rhe y »sr have resulted in a net profit of £3027/14/1, which sum has contributed to a considerable degree in enabling the liquidators to make reductions in the bank overdraft. Accumulated profits for the three years and twenty days during whien the liquidation of the company has been in progress amount to £6610/15/5. The trading results and overdraft reductions, can be considered with a measure of satisfaction, the achievements suggesting that the successful reconstruction of the company is now definitely within sight. The meeting called to consider the bal-ance-sheet and report on February 26 will be a very important one as certain matters preliminary to reconstruction of the company will be placed before shareholders for consideration. Unfortunately, certain claims made against the company have not yet been finalised, and until this is done the actual rec Mis traction must necessarily be delayed. It is felt, however, that the time is opportune for proposals to be made. ' The balance-sheet shows capital fully paid, £82,250; bank overdraft as at January 25, 1934, £15,500, less Amounts transferred from liquidators’ account, £5603/16/2, leaving £9896/3/10; less credit balance in liquidators’ current account, £2662/17/7, leaving £7233/6/3; mortgages • of realty, £12,000; sundry creditors (preferential), £4313/1/4; sundry creditors (deferred), £19,514/12/7; profit and loss account, £6610/15/5. Dependency: Unascertained claims ranking as unsecured yet to be settled.. Assets include land and’ buildings at cost (less depreciation), £16,225/17/7; sundry debtors, on advances and goods accounts, including unpaid purchase money, £50.053/2/5; stocks on hand and afloat. £10,910/16/6; plant and machinery, £3806/16/2; shares in other companies, £484; cash in hand, £2O/10/-; liquidation account, £50,420/12/11. Capital to the Reduced Dominion Special Service. Auckland, February 16. An extraordinary general meeting of shareholders in A. J. Entrican, Sims and Company, Ltd., an old-established firm of Auckland general merchants, has been called for March 11 to consider a resolution : “That the capital of the company be reduced to £62,979/16/-, divided into 10,000 preference shares of £1 each, 9000 A preference shares of 17/6 each, and 69.392 ordinary shares of 13/- each, as follows: (1) By cancelling the paid-up capital which is unrepresented by available assets to the extent of 2/6 per share in respect of each of the A preference shares and by reducing the nominal value of such A preference shares accordingly to 17/6 each; (2) by cancelling 1000 A preference shares which have not been taken up; (3) by cancelling paid-up capital which is unrepresented by available assets to the extent of 7/- per share in respect of each of the ordinary fullypaid shares, and by reducing the nominal value of each of such ordinary fully-paid shares accordingly to 13/- each ; (4) by cancelling the paid-up capital which is unrepresented by available assets to the extent of 7/- per share in respect of each of the ordinary shares of the company upon which 10/- has been paid, and by reducing the nominal value of such ord ; - nary shares accordingly to 13/- credited as paid to the extent of 3/-.” Another resolution to be moved is:— “That arrears of dividends owing by the company down to March 31. 1934, in respect of all preference shares and A preference shares of the company be cancelled.” Big River Gold Mines Big River Gold Mines Ltd. reports for the week ended February 14 as follows:— No. 4 north drive-: Advanced 6 feet. There is no development of value in this face up to date. Stopes looking well. Stone 6 feet wide. Rise 45 feet up from floor of level. Full face of stone. No. 4 south drive: Advanced 7 feet. The footwall leader is still in face, but has not made wider to any extent. Stope producing good stone and maintaining width going i up. Main shaft: Good progress being made with this work. Battery: Working two shifts per day. 1

Sale price. p.c. on investment. £ s. d. £ s. d. Rural Bonds, 5 p.c.. 1947 105 5 0 Comm. Bank of Aust. 0 10 3 0 11 Staples and Co 1 11 6 3 3 0 Dunlop Perdriau .... ♦0 18 S’ 5 7 2 King Solomon •0 4 0 —— Unofficial list: Woolworths Ltd., ord. *■£ 12 fi —. Ditto •4 13 • —— ♦4 14 0 Argo Gold, 1/- paid . •0 1 c — •Late sale Friday AUCKLAND. £ s. d. £ s. d. Comm. Bank of Aust. 0 10 5 3 0 11 Bank of N.Z 2 9 9 4 0 5 Ditto, D mort. ,. 1 12 0 4 13 9 Dominion Brewery .. 0 17 0 —— 1 14 0 2 18 10 Wfiihi 1 19 0 5 3 Talisman Dubbo 0 9 6 — Unofficial list: Wool-worths Ltd., ord. 4 13 6 —— Parker .... 1 18 0 3 13 8 0 O 5 CHRISTCHURCH £ s. d. £ s. d. Comm. Bank of Aust. 0 10 4 3 12 N Z Insurance 3 7 3 2 19 5 N.Z. Refrig., £1 paid 0 19 7 5 12 4 Timaru, Brewery, 7/6 pd . 0 8 8 2 6 2 Milburn Lime 2 d 0 4 15 “Sun” Newspapers 0 4 1 —- Roll Kilgour 0 0 oj » — O 2 3 — Maori Gully 0 1 4 Mahakipawa 0 0 LO —. Ditto. 1930, pref. . 0 1 3 — Worksop Ext. (4) .. 0 2 9 — Unofficial list:— Woolworths, Ltd., ord. 4 12 6 —