BANK OF AUSTRALASIA

Dominion, Volume 29, Issue 149, 19 March 1936, Page 12

BANK OF AUSTRALASIA

Net -Profit Slightly , More By Telegraph—Press Assn.—Copyright. London, March 17. The Bank of Australasia declares a profit of £273.856 for the year ended October 14, 1935, and will pay a final dividend of 4/3 per S'harc. carrying forward £182,266. As announced in this column 011 February 22, the Bank of Australasia has declared a divXleltd at the rate of 81 per cent, per annum, being a distribution of 4/3 per share, less British income tax at 4/6 in the £l. An interim dividend of 3/6 per share, at the rate of 7 per cent, per annum, less British income tax at 4/6 in the £l, was paid on October 4, 1935. This makes 11 distribution for the year at the rate of 7J per cent. Tlie dividend will be payable at any branch of the Bank of Australasia in New Zealand at the current rate of exchange for sight bills on London on the date of negotiation. Tlie New Zealand list of shareholders was closed on March 2 for the purpose of the above dividend, which will be paid on March 27. Results and appropriations for the last three years compare as follow: —

London Stock Exchange

By Telegraph.— Press Assn.—l’opynght London, March 17. Quotations on the Stock Exchange today of pastoral and other stocks and shares compare as follow witli those previously cabled :—

Milne and Choyce, Ltd. The directors of Milne and Choyce Ltd., drapers, Auckland, following the practice established in recent years, have decided not to pay interim dividends oh the company’s ordinary shares and debenture stock and the preference and B preference shares. Consideration of dividends will be deferred until the year's accounts, which close on July 21 are available. Increase in Capital At an extraordinary general meeting of Hay’s Ltd., drapers, Christchurch, it was decided to increuse the capital of the company from fZo/XK) to £50.000. The directors decided to issue 10,000 of these shares, and they have been offered to shareholders m the proportion of two shares for every five shares held.

Brought £wd. Net profit .. Year ended October 1933. £ .169,783 258,508 1934. £ 175,166 265,087 1935. £ 178,690 273,856 428,291 440,253 452.546 Div., p.e. ... ( ■> 74 7'1 Div., amount 253,125 261,563 270.280 Carry fwd. 175,166 178.690 182,266

f Mar. s. d. Ma . 17. s. d. Dalgety and Co., 4 p.c. deb. stk. 101 0 0 101 0 0 British' Tobacco 1 l;l H 1 ' 2 6 Goldsbrough Mort. B pref., ex div 1 0 3 1 5 0 Dalgety and Co., shares 8 0 n 8 0 0 P. and O. def. . 0 IS) 4 -g 1 0 0 Mount Lyell shares sold at 18/9.