HUDDART, PARKER, LIMITED

Dominion, Volume 30, Issue 147, 18 March 1937, Page 14

HUDDART, PARKER, LIMITED

Increase in Net Profit

Net profit of £89,895 is shown by Huddart, Parker, Ltd., for the year 1936, compared with £75.739 for 1935 and £83,774 for 1934. Ordinary dividend, is , increased to 71 per cent, (interim 3J, final 4). With preference dividend of 6 per cent., the distribution amounts to £56,250, and there is carried forward £55,724, against £52,079 brought into the account.

The report states that the company’s interest in Holyman s Airways Pty., Ltjl., has been transferred to Australian National Airways Pty., Ltd., which was formed in July last. The new steamer Adelong. arrived in September, and is proving a satisfactory addition to the company’s cargo fleet. Since the termination of the seamen's strike in February, 1936, all vessels have been fully employed, and passenger and cargo traffic has improved.

1934. 1935. 1936. Xet pro lit S3.771 75539 89.895 Div., prof., 6 p.c. 30,(100 30,000 30.0(H) Divs., ord., p.c. 75 Div., ord. and. . 52,500 52,500 a(»,2a0 Forward 58,83!) if'1 1 i 9 «k>. i 21 LIABILITIESCapital— Preference . ■. 500.000 ' 500,000 500,000 Ordinary 750,000 • 750.000 750.IXM) Reserve Fund . -100.000 400.000 400,000 Insurance fund 312,253 314,572 315,78<J Reserve tor con423,789 422.557 tangencies, etc -124.690 Deposits Creditors 0.331 205,027 7,347 279,580 47,821 266,527 ASSETS— Steamships, plant and property . 1,366,1111 1,359,4(17 1,359,415 Govt, stock and other investments 1,287,873 1,297,499 1,294,986 Coni and stores 3S.8S2 3a.392 37,604 Debtors Casli 94.152 4,318 62.892 13,373 91,824 19,587