WOOLWORTH’S PROPERTIES LTD.

Dominion, Volume 32, Issue 262, 3 August 1939, Page 12

WOOLWORTH’S PROPERTIES LTD.

Profits For The Year The directors ot Wooiwortlis, Properties, Ltd . Sydney, report that for the year ended June 30. 1930, after deducting all working expenses and making adequfl'te provision for depreciation, is £19,014 Aifter setting aside as a provision for taxation £-1231. the net profit for the year amounts to £l-1.783. Interim dividends have been distributed as follows: —G per cent, preferred ordinary shares on January 15, 1939. at the rate of 6 per cent, per annum. £5881; on. July 15, 19.19, at the rate of 6 per cent, per annum, £8901: a total of £14,782; leaving a balance to be carried forward of £l. In aevrlawt- with the arrangement made with Woolworths, Ltd., rentals have been received in respect of the building owned by the company suflicient to cover the dividend mentioned above, and ail the expenses incurred during the year, and depreciation of 2 .per cent, on the capital value of the buildings and improvements. The directors are pleased to report, that the affairs of the company have progressed favourably. An. issue of 290,697 preferred ordinary shares was made al par on July 31, for the purpose of financing the increasing requirements of the company. N.Z. Farmers’ Fertilizer Co. By Telegraph—Pres-s Association AUCKLAND, August 1. At the annual meeting of the New Zealand Farmers' Fertilizer Company today, the chairman, Mr. A. A. Ross, stated that as only 22 per cent, of the pasture land of the Dominion is topdressed, there is a wide field for expansion of the fertilizer industry. Referring to the recent strike and the terms of settlement, he said the question of adjustment in the price of fertilizers was to be the subject of inquiry by the Price Tribunal Committee. In view of the world situation, the directors had made arrangements to carry heavier stocks of essential raw commodities. Silverton Tramway Dividend The Silverton Tramway Co., Ltd., Melbourne, have advised the Stock Exchange Association that a dividend of 1/- a share has been declared and is payable on Wednesday, August 30. Transfer books of the company will close at 4 p.m. today and will reopen on Monday', August 7, Trustees, Executors & Agency Co., Ltd. The Trustees, Executors and Agency Co., Lid., Melbourne, have advised the Stock Exchange Association that the directors have decided, subject to audit, to recommend to shareholders at the general meeting to be held on Thursday, August 17, the payment of a dividend at the rate of 8 per eent. per annum for the six months ended June 30. Transfer books will be closed from noon today till noon on August 17. Gold Mining Returns The Okarito dredge returned 290 z. 2 dwt. for 131 hours. The Grey River dredge to August 1 returned 2320 z. for 1191 hours from 67,319 yards. The Argo Gold Dredging Co.. Ltd., report that for the week ended July 29 there was no washup at the dredge owing to the bottom tumbler shaft being broken. This has been replaced with a new shaft. Dredging recommenced last Saturday.