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Dominion, Volume 35, Issue 249, 18 July 1942, Page 10

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations The latest buying and selling quotations recorded yesterday ou tlie Wellington

Woolwortbs Holdings _ „ (South Africa) ... — " c Cum dividend', x Ex dividend. Stock Exchange Sales Dealings in stocks and shares recorded on New Zealand Slock Exchanges yesterday were as follows, the number of Shares in each lot being shown, in the case of

Auckland. War' Loan. 1/10/53,. S b^‘ Z of Ne£ Zealand (3), I’l/18/-; ditto D--10-'-• N.Z. Insurance, £u/8/6, Mrtm. r *. steam (“) 4/S' ditto, con., 9d.; Kauri Timber ’(•’’) £l/1/-: Kaiapoi Woollen, ™""g: Itadffi %3<B (2), 11/- Woolworths (N.Z. I, 11/3: ditto, pref., £l/10/bUnofficial list: Electric Products, £1CHRISTCHURCH. War Loan, 21 per cent., 1946. £9B/5/-; Union Bank, £6/17/6; N.Z. J” SU ,U? w/A 8/3: Kaiapoi Wooden (2), *£l, £l. west, port Coal, £.l/4/9: Berlei (N.Z.), £3/8/-, N.Z. Paper Mills, £l/13/0. ■ *Late sale Thursday. DUNEDIN. War Loan. 1/10/53, £9O/10/-; < Bau K /< < ?S N.Z., £l/18/-; Wilsons Cement, 10/9. Woolwortbs (N.Z.), 14/3. . . Nat. Bank Of N.Z. Year Cable advice lias been received from London by the- general manager ot the National Bank of New Zealand Lint ted to the effect that the net profit lor the year ended March 31 last, after appropriations to contingency accounts, out -of which accounts full provision has been made for bad and doubtful dObte, exchange, and other contingencies, amounts to £J-..*.>. and -to this amount has to be added £115.8+9 brought forward from the Previous year, making an available total of £2084*51 The interim dividend el 1* per cent. less United Kingdom income tax, paid in January last absorbed £20,(19. There lias 'been transferred to premises a/c ‘'l2 000. to peuslon and gratuity funds.*” £15.000, and to contingency accounts £'lo,ooo, leaving £15®,715 available for distribution. ' .’. The directors propose to allocate this as follows: In payment of a final dividend of . 21 per cent., less United Kingdom income' tax at 6/21 in tile £, for the halfyear ended March 31, 1942. „»4,i>31. leaiing a balance to be carried forward ot £116.181. 'The final dividend will be payable in New Zealand on August 11, at any branch of the National Bank of New; Zealand Ltd., at the buying rate of exchange for demand drafts on London current at that date. (Special Correspondent.) (By Telegraph. —Press Assn. —Copyright..(Received July 17. 7 p.m.) LONDON, July 16. Lord Balfour of Burleigh, chairman of the National Bank of New Zealand, m a Statement on the -bank's position for the year ended March 31. said that profits had increased by £10.819. Deposits at £l6 863,000 were a record in the banks history, while there were big increases in cash investments and Treasury bills. Advances decreased by £840.000. Ibe increased amount placed to the pension and gratuity funds was due to the establishment of a contributory pension fund tor women employees. -Mr. John Macmillan was appointed a direel or. Electro Zinc Dividend Postponed The Electrolytic Zinc Co.. Ltd., an'noiinces that although it has been customary to declare the final dividend in July each year, it has been decided that owing to circumstances and uncertainties arising out of war conditions which affect the company's business, to postpone the declaration of the dividend till after the accounts for the year are available, about the end of .September. Australian Bonds in New York (By Telegraph.—Press Assn. —Copyright.) NEW YORK, July 16. Now York values of Australian Government issues continue their downward trend with exceptionally little activity in trading, indicating that holders have a -renter faith in future values than wouldbe ’ purchasers. For instance, Brisbane •> per cents, recently lost nine points on a very small sale, while Brisbane 6 per ecn'ls.. 1950. dropped 2} points to 624 today, on n similar small scale. The onlv exception appears to Im New South Wales 5 per cents, at 71, which are now valued eight points higher than Commonwealth bonds. Sydney Stock Exchange (Bv Telegraph.—Press Assn.—Copyright.) SYDNEY, July 16. Tim Stock Exchange today maintained a firm undertone on quiet trading. Sales in-.-bided:-Colonial Sugar. £45: Broken Hill Ptv 3(1/71: Broken Hill South, 19/101: Now' Occidental. 8/4: Now Guinea Goldfields 1/2: Bank of N.S.W.. £24/15/-: Burns. Philp. 45/-; "ouses 26/4); Australasian Paper. 30/-; Oil Search -/3. Associated News (pref.), 11/-: loohcys, 21/6; Aust, Consol. Industries, 40/6.

Stock. Exchange were as follows:Buyers. sellers. .£ S. d. £ s. d. 24 p.c., 1/8/46 98 0 0 — 3 p.c., 15/7/1945 99 0 0 — 3 p.c., 15/9/52-55 97 10 0 — 3 p.c., 1/8/51-54 99" 0 0 —— 34 p.c. 15/1/53-57 .... — 101 15 0 4 p.c., 15/2/43-4G 101 7 6 — 4 p.e., 30/11/1948 104 0 0 — 4 p.c.. 15/4/40-49 .... 103 O 0 — 4 p.c., 15/5/49-52 .... 104 5 0 — 4 p.c., 31/5/M-<>8 .... 106 5 0 — 4 p.c., 15/2/43-40 .... 101 7 6 — War Loan, 1953 90 0 0 — MISCELLAN'EO U S. Bank Australasia ... Comm. Bank of Aust., S 0 c9 7 0 — prof 0 —— Nat. Bank of N.Z. ... xl 17 10 —— Bank ot‘ N.S.W 28.0 0 —— Bank Neu- Zealand .. 1 17 0 • — 6 15 0 —— Bank' of Adelaide .... 4 15 0 — Dalgety and Co 6 12 6 —— Eqnit. Bldgs., deb. stk. N.Z. Guarantee Corp. 0 19 0 —— 0 2/ 74 — 0 5 AVn. Inv., T. & A. .. 0 5 b 3 17 Wn. T. & Loan .... — Wright, .Stephenson Ditto, pref. 0 19 0 1 1 6 N.Z. Invest., Mort. .. 0 8 9 — Auckland Gas x0 0 o —~ Wgtu. Gas, ord 1 8 9 ——- 1 1 6 National Insurance .. 0 IS 10 ’S— New Zealand Insurance Xo 8 0 ■. — 2 18 0 16 0 NLzf Kef.. £1 1 1 o — Wgtn. Meat Exp. ... 0 7 3 2 3 6 Bonds Hos. Mills • ••• 1 6 9 ■ — Felt and Textiles .... 0 1 0 Kaiapoi Woollen .... 0 19 1 1 6 9 Prestige, pref. . 1 2 6 0 18 Timaru Kauri Timber N Z Breweries 1 0 1 10 6 0 ■ — British Tobacco 1 19 6 Broken Hill Pty 1 15 3 I 47 5 0 \ Electrolytic Zinc, ord. 2 1 0 —: c2 7 9 xl 4 o —— • . 0 .7 6 0 18 9 2 1 p McKenzie’s 1 2 Nat. Electric 1 3 6 1 4 G 3 12 6 N.Z. Farm. Fert. ■— 0 17 N.Z. Paper Mills ... 1 12 — E. Tingey, pref. Snarland and Co 1 2 1 1 0 0 Selfridges (A/asia.) . 0 15 3 n • a 0 Taranaki Oilfields ... —• v v Win. Cable, pref J 2 6 ■Wilsons Cement .... Woolworths Ltd 0 16 8 0 15 6 AVoolworths (N.Z.) . xO 14 1 Ditto, pref 1 14 9 Woolworths Properties xl o 0 Whitcombe & Tombs . 3 14 O n n 7 v u 1 4 0 ol 0 OVERSEAS LISTINGS.

Wellington:- vEtuj . GT0NNo. of SUar ?d'Bank of N.S.W. (2) .... -200 Wellington Gas, ord. ... Sale Price. £ s. d. 28 10 0 1 J 9 0 6 1O0 National Electric *0 , 100 AVoolworths (N.Z.) . . *0 0 14 14 * 150 Ditto, pref •••• 1 15 6 *Late sale Thursday.