Zinc Corporation Dividend

Dominion, Volume 35, Issue 59, 3 December 1941, Page 3

Zinc Corporation Dividend

The following .cablegcffm has received from the head office of the Zmc Corporation, London: The dtreetors have declared a dividend of two shillings pe sharp (English currency), being tne second half of the fixed cuniulative dividend on preference shares for the year Sig December 31, 1941 and an interim participating dividend of one shilling per share (English currency) on both preference and o^ di ““ ry 4ii reS ßo?h the year ending December 31, 1941. Both these dividends will be paid less income tax of 5/4 in the pound on January 19-12 to shareholders on both the- London and Melbourne registers. The transfer of books will close at noon on December 6, and reopen on December 9. McKenzies Stores Dividend At a meeting of the directors of McKenzies Department Stores, Ltd., held on November 27, it was decided to pay an interim dividend at the rate of o per cent, on the paid-up capital to all shareholders on the register on December 12, 1941. This dividend to be payable to shareholders on December 18. Gold Mining Returns The Argo Gold Dredging Company, Ltd., returned 2Soz. for 113 hours from 8000 yards. T . h < Alexander Mines, Limited, report that for the month of November, work has been confined to ore production from the stopes above the intermediate and north of No. 2 rise. The lode maintains its usual length and width. A connexion has also been made from the No. 2 rise stopes with the level driven along the fault on the south end of the intermediate stopes. The lode here averages about four feet in width of very clean ore. Ninety-two tons have been sent to the battery for the period. Gold returns for November were:— Battery department: 630 z. lOdwt. of melted gold from 94 tons of ore. Estimated value, £4BO. In addition, two tons of concentrates were saved, estimated at £35. In estimating the above values, gold has been taken at 160/- per fine oz. The Price Of Tin (By Telegraph —Press Assn.—Copyright.) (Received December 2, 7.5 p.m.) LONDON, December 1.

The price of tin is quoted as follows j— Spot, ouyers £257/15/-, sellers £258; forward, £261 and £261/10/-.