DEALINGS ON ’CHANGE

Dominion, Volume 32, Issue 63, 7 December 1938, Page 14

DEALINGS ON ’CHANGE

Yesterday’s Business RETURN ON INVESTMENTS Sales recorded on Dominion stock exchanges yesterday are shown in tlie following list. In tlie second column is given the return based on the last annual dividend from investment at tile quoted price. In calculating tlie return on shares in companies which pay their dividends outside New Zealand, tlie exchange rales have not been taken into consideration. The return of 4 per cent. Government loans includes redemption:-— WELLINGTON.

N.Z. MALAY RUBBER COMPANY No Ordinary Dividend Dominion Special Service. e_ DUNEDIN, December 6. A sharp fall in net profit from £3674 to £950/1/- is reported in the twenty-eighth annual report and balance-sheet of the New Zealand Malay Rubber Uo., Ltd. No ordinary dividend is recommended, and a 4 per cent, payment is recommended on the 8 per cent, preference scrip. Owing to the reduced crop harvested on account of the restriction scheme, the allin cost was increased to 5.07 d. a lb., against 4.85 d. a lb. last year. Gross revenue from sales was £7511, compared with £8849 for the previous year. -Estate expenses, including depreciation on buildings and plant, amounted to £6490, leaving a net income from the estate of £lO2l, to which sums of £316 for exchange on remittances and £177 for interest on investments have to he added, making a total income of £1514. Against this there are Oarnaru expenses of £396, while provision for income tax is at £lOB. A sum of £6O is also provided for the new social security tax, which comes into operation for the first time next year. These items raise head office expenses to £564. The directors hope that an improvement during the year in the rubber position will -warrant payment of an interim dividend to bring the return up to the rates at which they were issued. WOOLWORTHS HOLDINGS Increase In Net Profit Woolworths Holdings. Ltd., a South African organization, reports a net profit of £67,180 for the year ended September 30, compared with £6V.003 in the previous yea r. The preference dividend oi 6 per cent, absorbs £13,000, and the ordinary dividend of 10 per cent. lan unchanged rate), £34,500. After transferring £10,449 to general reserve, £9807 will remain to be carried forward,- against £1376 brought /into the accounts. Dividends from the subsidiaries are the chief source of income, and these investments are valued in the books al £321,386, exclusive of advances to subsidiaries of £315,505, and £35.949 due from subsidiaries in respect of dividends declared but. not yet paid. The chief subsidiary, Woolwortbs (Pty.), Ltd., reports that turnover is increasing and the directors expect increased profits. Mount Lyell Production The Mount Lyell Mining and Railway Company. Limited, lias issued the following progress report for the fortnight ended November 23: —North Lyell: Tons extracted, 2685. Crown Lyell : Tons extracted, 3523. No. 7 level, west crossed, 37,941. Lyell Comstock: 'Tons extracted, 3523. Now 7 level, west crosscut, to 64ft., through mineralised schist. No. 10 level, main crosscut, to 213 ft. through ore to 207 ft., thence through mineralised schist. Reduction works: Furnace in blast full period; 1724 tons refinery anodes produced for current year. Concentrator: Mill operated 336 hours and treated 45,615 tons’ ore. producing 2187 tons concentrates. Copper refinery: Tank house in operation throughout fortnight, 507 tons cathode copper produced for period. Total for current year 1978 tons.

Yield p.c. .Sale ou illprice. VC -tment. s. d. 4 , s. <1. Inscr. Stock, 4 p.c., 15/4/46-19 *98 0 0 4 4 10 Ditto, 4 p.c., 15/5/4952 (2) (97 0 0 1 o 3 Ditto, oj p.c.. Jjj/3/ 39-43 97 12 6 ——. Bank of Australasia . 9 19 0 s4 19 2 Bank of N.Z. (2) .... 1 0 4 17 G Ditto (3) 1 0 .j 17 0 Ditto, D. inert. ... I G 0 5 15 4 Ditto, odd lot 1 .< 9 <> 15 I Electro. Zinc, pref. .. 8 G 6 <5 h Imp. Chemicals, pref. 1 11 4 3 Mv'er Emporium,, pret. 1 16 i 4 18 4 Woolworths Ltd *1 0 10 3 12 0 Ditto 1 0 10 ;; 12 0 Ditto 0 9 12 3 Mount Lyell (2) 1 8 3 ,1 6 Unofficial list: Woolworths Properties, p ref 1 j G 4 14 1 Woolworths (W.A.), odd lot al 6 () 3 9 0 •Late sale Monday a Reported after last call. s Dividend paid in Stl rlin AUCKL1 LNL >. L S. d. £ s. d. Inscr. Stock, 4 p.c., lo/G/52-oo 98 10 0 4 ■1 9 Mt. Eden, -1) p.c., 1/4/63 98 0 0 1 0 4 17 G South British Insur. 2 3 7 0 National Timber 0 7 ib 6 7 Dominion Breweries .. 1 11 4 G 7 1 1 11 6 G G 11 N.Z. Breweries 1 19 o 1 6 8 Ditto 1 19 0 4 7 British Tobacco (2) .. 2 7 3 4 4 Broken Hill Ppty. ... 415 10 4 9 6 0 7 1 1 10 15 8 Dunlop Perdriau 1 0 4 6 17 8 Electro. Zinc, pref. (2) *. s 3 G 4 4 Mort’s Dock 0 12 0 6 13 4 Ditto 0 12 1 ,6 12 5 National Pictures .... 0 4 6 .— N.Z. Farmers Fertilizer 6 (16 6 7 5 Taranaki OU 0 10 6 —- Ditto 0 10 — Wilsons Cement 0 16 0 4 13 9 Woolworths (N.Z.) ... 0 18 6 4 G 5 Martha Mine ......... 0 10 8 — Mount Morgan 0 9 3 — CHRISTCHURCH .42 s. d. £ s. d. Inscr. Stock, 4 p.c.. 9S 1 ' r 6 G 4 Govt. Bonds, 4 p.c., 15/2/43-46 (2) .... 98 10 0 4 6 8 Gisborne Sheepfarmers, 6i p.c., 31/8/41 ... .02 0 0 —— Comm. Bank of Auslr. 0 15 11 4 9 0 Bank of N.Z o 1 0 4 17 G Ditto .> 0 11 4 17 9 N.Z. Refrig., 10/- pd. 0 11 6 18 11 Ditto (2) 0 7 10 7 0 o Christchurch Gas .... 1 3 10 10 Broken Hill Ppty J 15 6 4 10 1 Electro. Zinc, pref. $2) J 8 0 6 o 0 Ditto 7 11 6 o Felt and Textiles .... *1 11. 6 6 6 11 Imp. Chemicals, pref. 1 o 10 4 7 7 Taranaki Oil 0 11 0 —— Ditto 0 10 10 Woolworths Ltd 1 0 8 3 12 6 Broken Hill South (5) 1 8 0 —— Mount Lvell 1 8 .-> 5 6 2 Ditto (2) 1 8 5 G 6 Unofficial list:— Blackball Creek 0 1 1-i — ‘Late Bale Monday DUNEDIN. £ 6. d. X* 6. d. Inscr. Stock, 4 p.c., 15/5/49-52 97 o 6 4 5 0 Bank of N.Z 0 9 4 18 1 Broken Hill Ppty., contr. 3 G —• Crystal Ice 1 16 G 8 4 4 Electro. Zinc, ord - 0 0 6 13 4