BANK OF NEW SOUTH WALES

Dominion, Volume 31, Issue 179, 27 April 1938, Page 14

BANK OF NEW SOUTH WALES

v Interim Dividend Unchanged The Bank of New South Wales reports that an interim quarterly dividend has been declared of 6/- a share in Australian currency at date of payment and will be payable at head office. Sydney, on. May 26, and at branches on receipt of advice. Transfer-books close on May 9. Tho dividend is nt the unchanged rate of 6 per cent, per annum. KAITANGATA COAL CO. Increased Profit And Dividend Dominion Special Service. Dunedin, April 26. A net profit of £7953, compared with £5545 last year, is reported in the annual accounts of the Kaitangata Coal Co., Ltd. The dividend has been increased from 2/- a share to 2/6, or 15 2-3 per cent, gross. Mining revenue stands at £30,304, against £23.418 in 1937. The directors report that the result of the year’s trading has again been most satisfactory. The coal produced has been of a high quality, commanding a steady market. Supplies of coal in the mines are ample for some time to come and development work continues to receive attention. After'making nrovision for depreciation and income tax there remains a balance to credit of profit and loss account of £B2lB/7/5, which the directors recommend be applied as follows : —To payment of a dividend of 2/6 a share, £7963/2/6; and to carry forward £255/4/11. Donaghy’s Rope Dividend Donaghy's Rope and Twine Co.. Ltd., has advised the Stock Exchange Association that the directors will recommend a final dividend of 1/- a share at the annual meeting at Dunedin on May .17. Transfer ■books will be closed from May 5 to 20, both days inclusive. The dividend will be payable on or about May 18. National Insurance Dividend By Telegraph—Press Association Dunedin, April 26. The directors of the National Insurance Company of New Zealand Ltd. have declared an interim dividend of 4d. a share for the half-year ended March 31, which will be payable on May 17.