N.Z. Woolpack and Textiles

Dominion, Volume 29, Issue 197, 18 May 1936, Page 12

N.Z. Woolpack and Textiles

The directors of New Zealand Woolpack and Textiles Ltd. intend at an early date reconi mending to shareholders tha accumulated lottos be provided for by the writing off of capital. The directors, while deeply grateful for the asmetnnee afforded the company by the Government, mid while they have every confidence of the ultimate success and firm establishment of flax weaving tn New Zealand. point out that ’’there m no possibility whatever of the company making a profit this year, even on the capital invest inent remaining after the recotnmem - ed writing down has been effected. Ihe company has a capital of £l()a,000. lhe shares, which are £1 paid, are priced at about 12/6.

Big River Report Big River Gold -Mines, Limited, report for the week ending May 15:—Shaft repairs: The centres and guides have now been put in front the cap of >o. 2 chamber to a point 52 feet above No. L level, lhe men are now engaged continuing the repairs to the shaft sets above the point previously reported (59 feet above the level) Repairs to No. 1 adit level arc proceeding satisfactorily. Repairs to battery dam are also proceeding satisLu.torilv.' General: The new boiler feed pump has been installed and is working £ a t i s f a c t o r i 1 y. auction diary to-day. Woodville Sale. 12 noon—Mixed stock (Abraham and 1\ illinms Ltd.). Johnsonville Store and Dairy Stock Sale. ! pnl .—Mixed stock (Wright, Stephenson). 8 Willeston St.. 1.30 p.m.—Furniture (E. Johnston and Co.). TO-MORROW. At the Farm, Takanini (17 miles from Auckland on Main South Rd.), 11.30 a.m.—Annual sale of "0.K.” Jerseys (38 pedigree Jersey in-calf heifers), a/c. Mr. A. E. Watkin (Wright, Stephenson). Lovin Salo. 11.30 a.m. —Mixed stock. At Levin, 1.30 p.m.—Furniture (Kingswavs Ltd.). 11l Customhouse Quay. 2.30 p.m.—Sale ot modern bungalow (Island Bay) (S. G. Nathan). WEDNESDAY. Mastorton Sales, 10.30 a.in.—135(1 Sheep and Mixed Cattle. (in tlie Farm. Huntorvillo, 1 p.m.—Annual dispersal sale ot "Livingstone" pedigree Friesian cattle, a/c. Mr. W. J. Eames (Loan and Mercantile). Johnsonville Fat Stock Sale. 1 p.m.—Mixed stock (Wright, Stephenson).