DEALINGS ON ’CHANGE

Dominion, Volume 30, Issue 63, 8 December 1936, Page 14

DEALINGS ON ’CHANGE

Yesterday’s Business RETURN ON INVESTMENTS Sales recorded on Dominion Stock Exchanges yesterday are shown in the following list. In the second column is given the return based on the last annual dividend from .investment at Ihe quoted price. In calculating the return on shares in companies which pay the r dividends on - side New Zealand the exchange rates have not been taken into consideration. T e return on 4 per cent. Government loans includes redemption. In the case of -U per cent, loans tlie return is for ‘he interest alone, and covers only the perio . for which the loans arc lax-free:

j CHRISTCHURCH.

BRITISH TOBACCO CO. Increase in Net Profit British Tobacco Company (Australia), Limited, shows a net profit of £667,761 for the year ended October 31, compared with £585,949 for the previous year. Four quarterly dividends (!•} per cent., 1} per cent., 1J .per cent., and 2 per cefit.), absorb £569,412. and preference dividend of 6J per cent. £96,507. The balance, £1842, added to £34,771 brought forward, gives £36,613 to be carried forward, The profit and loss account does not include the interest of the company in the undivided profits of the subsidiary companies.

1 Regarding the quarterly dividend of 2 [ per cent, payable on December 31, the British Tobacco Company has advised I the Stock Exchange Association that transfers received at the Sydney or Melbourne offices up to and including Decem--1 ber 9, will be in time to be passed for the payment of the dividend to the transferees. Mataki Junction Gold Dredging From February 1, 1936, to July 2, 1936, Mataki ..Junction Gold Dredging N.L. showed a net surplus, before providing for depreciation, of £4969, of which £4900 has been transferred to general reserve. During the period the option given by the company over 50,000 shares at par was exercised, but the total capital issued was insufficient for the completion, of the dredge and the provision of adequate working capital. Burma Malay Tin. Ltd., advanced £6700. and at July 2 the loan had been reduced to £5500. Since the closing of the accounts it has been reduced to £5200. Including initial dredging by the contractor, the dredge ran 2412 hours. 374,500 yards being treated, for a return of 1564.740 z. gold. The mine profit was £6305, and mine costs were thus 3.56. per yard. It is believed that about 00.000 yards a month can bo fronted at about a 3d. per yard all-in cost. A further 20 " acres; containing 600,000 cubic yards, of an average value of 4.3 d. per yard (gold * at £4 per ounce), was acquired during ’ the period. i 3 Mount Lyell Production i e The Mount Lyell Mining and Railway • Co,. Ltd., has issued the following progress report for the fortnight ended No1 vember 25: —North Mount Lyell: Tons extracted, 5525. Royal Tharsis: Tons " extracted. 1538. West Lyell: Tons exf traeted, 14,075. Prince Lyell: Tons ex- ‘ traeted, 3860. Lyell Comstock : Tons extracted, 4049. No. 8 level, main crosscut, to 157 ft.. through ore and mineralis- ’ ed schist; main shaft to 100 ft. below No. 8 level through porphyry. Reduction works: Furnace in blast full period; 1858 tons refinery anodes for current year. Concentrator: Mill operated 33G hours and treated 28.910 tons ore. producing 202-1 tons concentrates. Copper refinery: Tank house in operation k throughout fortnight. 510 tons cathode 14 copper being produced for period. Total for current year 2042 tons.

WELLINGTON. Yield p.c. on investd Sale price. me nt. p £ s. d. s d. Inscr. Stock, 4 p.c., 3 3 3 9 t 15/4/40 Ditto 101 7 101 12 G 17 1G Ditto. 4 p.c., 15/1/37 101 5 0 4 ■— - Bank of N.Z. 2 1 10 15 13 7 1 17 4 Broken Hill Pty •3 IS fl 3 3 s Ditto (2) 3 10 9 3 8 Ditto 4 0 0 3 G *4 fl 0 18 1 '"’Ditto (°) 4 S 0 o 111 9 Ditto '/ f4 0 0 2 1(1 2 Mount Morgan (5) ... 0 15 0 — Big River fl) 2 0J — Unofficial list: Woolworths Ltd. (2) •7 fl 0 — Ditto 7 7 0 ■1 "■ TH tin M’l 7 9 0 —-. fReported after last call. •Late sale Saturday. 1 AUCKLAND. £ s. d, .£ R d Bank of N.Z o o 3 4 14 8 3 0 3 G 1 South British Insur. .. 4 11 0 o 18 fl Westport-Stockton Coal 0 1 — Northern Steam 0 4 — 8 N.Z. Breweries 2 13 It 15 Australian Glass .... 4 G 0 • ) 9 9 Beath and Co 1 3 0 4 G 11 Sanford Ltd., pref. .. 0 Ifi 0 — Broken Hill Pty 3 IS 3 3 3 10 Ditto 3 19 2 3 0 Ditto 3 1!) n 3 2 s 4 O 0 3 2 G Wilsons Cement ■ 1 17 0 4 i 0 Mount Morgan 0 14 9 —— Ditto (2) O 15 3 ■ Ditto 0 15 1 —- Ditto 0 15 3 — Unofficial List: South Westl’d. Estates 0 11 0 —

£ s. d. £ s. d. Inscr. Stock, 4 p.c„ 15/4/49 101 5 0 3 17 7 Comm. Bank Austr. (2) 0 19 3 0 10 Ditto (3) 0 19 3 3 0 7 Bank of N.Z. (2) 2 1 11 4 15 u N.Z. Guarantee Corpn. (3) 0 5 3 5 11 1 N.Z. Refrig., 10/- pd. (4) 0 9 0 5 15 9 Westport-Stockton 0 1 0 N.Z. Breweries (2) ... 2 is s 2 15 11 Broken Hill Ppty. (2) . -3 19 6 3 2 10 Ditto, contr. (4), ... 3 7 6 — Dorn. Builders’ Supplies 0 4 0 — Hume Pipe (3) 1 0 9 4 16 4 Mount Lyell 1 10 Y 5 9 4 1 16 6 5 9 7 Mount Morgan 0 15 0 Ditto (4) 0 15 3 — Ditto 0 15 34 — Ditto 0 15 4 - Sales reported:— Westport Coal 1 2 0 4 10 in N.Z. Breweries 2 13 10 2 15 9 Electro. Zinc, pref. ... 2 9 3 4 1 *) Hume Pipe 1 0 10 4 16 0 N.Z. • Farmers Co-op. Stk.. 44 p.C., 2/2/42 *94 10 0 4 15 3 Bank of N.Z 2 1 9 4 15 9 N.Z. Refrigerating .... 1 0 8 5 6 o Unofficial list:— Woolworths Ltd. (2) . 7 7 0 —- Woolworths (W.A.) .. 6 17 0 — ♦Late sale Saturday. DUNEDIN. £ s. d. £ s. fl. G. T. Coles 4 7 0 2 17 Hnmo Pipe (2) 1 0 10 4 1(5 b Shillings Ltd. ........ 0 19 9

Year ended Oct. 31. 1934. 1935. 1930. X* X* £ Net profit .... 585.849 585.949 007,701 Div., pref., 6} p.c 90,507 90,507 96,507 Div. ord., p.c. 0 0 7 Div., ord., amt. 488.067 48S.007 569,412 Forward 33,390 34,771 30,013 LIABILITIES — Capital— Preference . 1,484.727 1.484,727 1,484,727 Ordinary 8,134.459 8,134.459 8.134.459 Creditors 44,702 44.099 27,727 ASSETS— Shares in subsidiaries 7,722,11)2 7,722,192 7.722,192 Debtors ... • 1,900,577 1,9(50,590 1,946,550 Cash 14,515 15.274 14,784