WELLINGTON GAS COMPANY

Dominion, Volume 29, Issue 255, 24 July 1936, Page 14

WELLINGTON GAS COMPANY

I Interim Dividend Declared The Wellington Gas Company, Ltd., yesterday advised the Stock Exchange Association that the directors had declared an interim dividend of 4 per cent., an unchanged rate, for the six months ended June 30, 1936. The dividend is payable on August 1.

Aloha Syndicate Dividend An announcement that Aloha Central shareholders will receive a first and final dividend of 4/3 a share, and Aloha Syndicate holders £6/4/5 a share, marks the last of these stocks. The distributions are payable forthwith, and the legal manager, Mr. J. H. Roxburgh, states in a circular to shareholders that with these, payments the existence of the companies is automatically terminated. Aloha Syndicate £lO shares during the Fiji gold boom last year touched £650. Shares in Aloha Central, an off-shoot, reached £4O. When a second off-shoot, Aloha Alluvials. was floated in May, 1935, and the £5 shares touched £l7, it was calculated that the rights and market valuation of each original Aloha Syndicate £lO share were worth in all £1134, three months after formation. Aloha Alluvials, which has already been wound up, returned £3/13/9 a share of unexpended money on the final distribution. The payments now announced represent an aggregate of £746 in Aloha Syndicate and £796 in Aloha Central.