DEALINGS ON ’CHANGE

Dominion, Volume 33, Issue 281, 22 August 1940, Page 14

DEALINGS ON ’CHANGE

Yesterday’s Business RETURN ON INVESTMENTS Sales recorded on Dominion stock exchanges yesterday are shown in the following list. In the second column is given the return based on the last annual dividend from investment at the quoted price. The return of 4 per cent. Government loans includes redemption :—

GREAT IMPROVEMENT Australian Share Markets (By Telegraph—Press Assn. —Copyright.) (Received August 21, 9.40 p.m.) SYDNEY, August 21. Mr. Winston Churchill's speech injected fresh confidence into the Sydney share market today, resulting in the biggest turnover since pre-war days, with a corresponding advance in price levels.

G. J. COLES AND £O. Increase In Net Profit Although G. J. Coles and Co., Ltd., earned £51,845 more from trading in the year ended June 30, provision for taxation increased by £50,000, leaving the net profit £1845 higher at £257,206. Preference dividend of 8 per cent, absorbed £12,000, and ordinary dividend of 17j per cent, requires £209,871. A sum of £35,000 is transferred to reserve, and with £374 brought in, £709 is carried forward. General reserve is now £320,354. A further £20,841 has been transferred to freehold properties depreciation reserve, making a total of £149,917 in this account. Total reserves, including premiums on shares reserve, now amount to £625,077. Since the outbreak of war sales have been well maintained by finding new sources of supply or substitutes for goods formerly purchased from enemy countries, the report states. It has been necessary to increase the provision for taxation to £120,000 for the current year.

FOREIGN EXCHANGES Position Of Sterling (By Telegrapii I'ri-s.-. •-i>,> righi.i LONDON, August 20. The following mean closing rates on foreign exchanges were current today:—

LONDON, August 20. Gold.—£B/8/- an ounce, fine. Silver.-—Standard. 23 7-16(1. an ounce; fin-.-.- 25 5-ldd. New Zealand Exchanges Telegraphic rates of exchange, New Zealand on the overseas centres mentioned, were quoted yesterday by the Bank of New South Wales as follows:—

WELLINGTON. field p.c on Sale investor price in er t. shares. s. d. Sb 8. d. £300 Waitomo Cty.,4.8 p.c., 1/7/61 ... 103 10 0 —• 200 N.Z. Breweries . *1 13 3 o 2 3 10(1 Ditto 1 3 , > 1 5 ’Late sale Tuesday. AUCKL VN1J . £ s. d. E 8. 11. Govt. Stock. 1 p.c., 31/5/54-58 105 10 0 u 12 0 Devonport Boro., 41 p.c., 1/8/01. 108 0 0 North cote Boro., 4i n o . 4/8/67 108 10 0 Newmarket Boro., Li 10S 0 0 . . Bank of N.Z 1 0 4 17 6 6 8 G . 1 10 Broken Hill Ppty. ... 1 9 4 15 9 Ditto 1 9 4 15 9 0 4 1-5 9 (i 4 14 1 Farmers’ Trading .... 0 19 0 7 4 Farmers Fertilizer ... ■1 0 0 6 0 0 N.Z. Newspapers .... 1 9 6 4 10 4 Woolworths Ltd 0 16 x/ 8 0 6 Rawanf ‘Tin 0 7 0 *Late sale Tuesday. CHRISTCHURCH. £ S. d. £ 6. d. N.Z. Breweries 1 13 6 3 1 ij Broken Hill Ppty. ... 9 *> 9 4 13 6 Mount Lyell 1 6 0 5 16 4 DUNEDIN. £ 6. d. 6 d. Govt. Stock, 4 p.c., lo/ 2/43-46 102 0 0 3 10 9 N.Z. Refrigerating ♦0 19 7 5 12 4 N.Z. Breweries .1 13 6 5 1 Ditto 1 13 3 2 Aust. Iron and Steel, p ref 1 6 0 4 9 * > Donaghy’s Rope, odd lot 12 6 3 16 2 Milburn Lime o 1 0 4 4 National Electric .... *0 18 0 6 13 4 Ditto 0 17 6 6 17 1 N.Z. Farm. Fertilizer . 1 0 0 6 0 0 Woolworths, Ltd. (2) 0 16 v o 8 ♦Late sale Tuesday

Sales included: — £ s. d. Bank of New South Wales 25 10 0 Com. Banking Co. of Sydney 18 2 6 National Bank, £5 paid — 5 15 0 Bank of Australasia 7 0 0 Colonial Sugar 47 0 0 Woolworths, Ltd 0 16 7 Australian Cons. Industries 1 14 7 Ditto, contrib 0 16 3 Mort's Dock 0 15 6 Wincheombe Carson 1 5 0 Fairymead Sugar 1 .14 0 Electrolytic Zinc, pref 2 11 0 MELBOURNE, August 31. Sales on the Melbourne change today included Stock Ex- £ s. d. G. J. Coles 3 0 0 Mount Lyell 17 0 Loloma 12 9 South Broken Hill 1 -4 10

Year ended June 30. 1038. £ 1030. £ 1940. Net .profit .... 242,376 235,361 257,206 Div., pref., 8 p.c. 12,000 12.000 12,000 Div., ord., p.c. ♦174’185 17J Div., ord., amt. . •188,346 •201,800 209,871 To general reserve ........ 42 .(MX) 42,000 35,000 forward ...... 813 374 709 liepreeiatlon 70,447 86,356 DIABILITI.ES— Capital— Preference ... 100,000 1-50,000 150,000 Ordinary .,076,265 1,004,528 1,176.205 Reserve 201,354 243,354 285,354 Provision for tax 74,006 01,057 130,962 Premium on share® 154,806 151,806 154,806 Freehold deprec. 109,733 120.076 149,917 67,392 116,565 130,966 Employees’ superannuation . 5,616 6,205 0,598 Employees’ savings fund ... 22,862 31,200 31,124 ASSETS— Freehold ...... 660,706 888,506 950,198 ■Leasehold 217,757 252,917 310,009 Fixtures, plant . 321,832 378,405 406,192 516,211,5 532,514 668,937 — 2,000 Share® 15 15 15 Debtors 13,072 10,875 13,966 Cash 234,705 69,193 03,780 54.000 54.000 5-1,000 ‘Includes .bonus 1038, 6d. a share: 1939, 9d. a share. fN-ot stated.

Par. August. 20. New York, dollar .. to £ 4.860 4.03 Montreal, dollar ... to £ 4.860 4.45 Paris, francs to £ 124.21 17.70 Geneva, francs ....to£ 25.225 Stockholm kroner . to £ 23.43 16.90 Lisbon, esc to £ 100 110.25 Milan, lire to £ 92 — Athens, drac to £ 375 346 Kio de J., d. to mil .... 4.99 — B. Aires, d. to pesa 47.62 1 I .0b5 Monte Video, d. to peso 51. — Calcutta, d. to rupee ... :is Yokohama, d. to yen • ■ 24.5.82 14j Shanghai, d. to dollar .. —- •> <. Hong Kong, d. to dollar — ♦Dealings suspended.

On. Buying. Selling. New York, dol. to £N.Z. 3.2542 3.2050 Montreal, dol. to £N.Z. 3.6039 3.521)0 Greece, Drac. . to £N.Z. — 412.70 .Java, florins . to .CN.Z. 6.187 6.004 II. Kong, N.Z.d. to (lol. 182 19 1-32 India & Ceylon. N.Z.d. 09. 5-39 22 49-64 Manila, N.Z.d. to peso . 3G 9-16 37 7-16 Shanghai, N.Z.d. to dol. _— 5} Sin (/a do re. N.Z.d to dol 34 11-61 35 41-6-1