DOMINION BREWERIES

Dominion, Volume 29, Issue 221, 15 June 1936, Page 12

DOMINION BREWERIES

Marked Rise in Profits Marked profit recovery is shown in the accounts of Dominion Breweries Ltd. for the year ended March 31. Gross earnings increased from £36,451 to £62,648. and net profits were £7277 higher at £15.224. , The directors report that provision has been made for income tax, £5451 Ims been allowed as depreciation and £2992 has been written off obsolete brewery plant. With £lBl7 brought forward, £17,041 is available. The ordinary dividend for the year is 6} per cent., absorbing £5083, and a payment at the rate of 6} per cent, per annum on preference capital requires £736. There is a transfer of £lO,OOO to general reserve and £1222 is carried forward. The dividend is the first paid by the company, which Ims been in existence for six years onl.v. The progress made is revealed in the following profit figures:— 1931, £4391; 1932, £1044. 1933 (loss), £14.001; 1934, £2430; 1935, £7947; 1936, £15,224. From 10/- in 1934, the market value of the company's shares advanced to 15/- last year and is now about 25/-.

Base Metals Market

By Telegraph—Press Assn.—Copyright. (Received June 14. 6.30 p.m.) London. Jane 12. The official l.ondon imiddlei qtioiniinis for Friday, as reported by the Australian Mines and Metals Association coin, pare with those previously ’libleil is reflow :—

Prices of Other Metals. To-dav's Quotations for other metals, with those of June sin parentheses, are as follow:— Pig-iron: Home Irade. £3/10/- a ton (same): export, £3/1(1/- ~ ton (same). Antimony : British. £O7 II ton (same): foreign. £ 12/11)/- a ion (£43/1(1/-). Molybdenite: 36/6 a unit (same). Wolfram: 31/3 a unit (31/9). Osrniridium: £lO to £ll an ounce (£1) to £10).

Juno 11. Per ton. •limo 12. Per ton. Copper— .e s. (1 C s. d. Standard, spot ... tn; 1 up 3b o 74 Ditto, forward ... 30 S 1 \ 30 11 3 Electrolytic . 10 (1 (1 10 5 41 to 40 10 0 10 12 0 Wire bars 10 10 0 in 12 B Load — Spot 15 3 9 15 3 9 Forward 15 0 3 1.» 7 0 Spelter— Spot 11 ■_> t; 11 0 0 Forward 11 7 li 14 5 0 'fin — Spot 1SI 7 6 1S5 12 B Forward 1S2 17 t; 1.S3 7 6 Silver— Standard, per oz. . Fine 1!) 13-lGd. 213-8d. H17-8d. 21 7-1 Gd.