INTERIM DIVIDEND

Dominion, Volume 31, Issue 104, 27 January 1938, Page 12

INTERIM DIVIDEND

Dominion I. & B. Association Dominion Special Service. Auckland, January 2(3. The Directors of the Dominion Investment and Banking Association state that after consideration of the progress of the association and the accounts for the year ended December 31, an interim dividend for the six months, has been declared at the rate of 5 per cent, per annum. Payment will be made on February 14. The dividend is at an unchanged rate. It is the first interim payment to be made by the association which expressed its intention of doing so at the annual meeting in August last year. Elder, Smith Dividend Elder, Smith and Company, Ltd., have advised the Stock Exchange Association that an interim dividend at the rate of 7 per cent, per annum for the half-year ended December 31, was declared yesterday, payable on March 1. Books close from February 21 to March 1, inclusive. INCREASED PROFITS Australian Pastoral Companies Accounts of the five leading pastoral companies operating in Australia during the 1936-37 season show that these companies earned larger profits and distributed bigger dividends during their latest

year. Gross profits of the five companies were as under: — Gross 1934-35. 1935-36. 1936-37. profits. £ 'X* Australian Est. 185,654 133,525 278,243 Aust. Mere. Land and Finance . 200,053 300,560 423,390 Dalgety and Co. 787,4’13 SS5.753 937,412 G o 1 d s b r ough, Mort and Co. 568,423 658,195 725,510 Loan and Merc. 428,660 541,303 684,743 2.229.103 2,519,336 / 3,069,298 Net profits of the five companies were: Australian Est. 30,738 — 85,439 Aust. Merc. Land and Finance . 24,617 51,681 118,417 Dalgety and Co. 96,789 145,851 173,0-14 G o 1 d s b rough, Mort and Co. 101,187 179,917 206,669 Loan and Merc. 17,045 ,88,202 136,012 270,376 433,422 719,581