STOCK EXCHANGE

Dominion, Volume 36, Issue 230, 24 June 1943, Page 6

STOCK EXCHANGE

Sales In New Zealand

Dealings in stocks and shares recorded on New Zealand stock exchanges yesterday were as follows, the number of shares in each lot being shown in the case or Wellington:— WELLINGTON.

laser. Stock, 3 per rent., 15/-- ditto. 4 per cent., 19.i4-i.iB (K, ~lo< , Blink of N.Z., £2/2/1: Southland Fr«n .Meat, £l/10/-; Auckland Gas, 7/4 , \au in Coni, £l/5/9; Kauri Timber, LI/.;/.,. Aust. Consol. Industries, £2/13/,-i Britlfcli J t>bncco, £2/0/9: McKenzie's Dept. Stores, £2/4/6; Held Rubber, £l/7/3; Woolworthb (N.Z.), 15/2, 15/21; Mt. Lyell, £l/9/-, Mt. Morgan, 10/-. CHRISTCHURCH. N.z. Refrig., 10/- paid, 12/-; Woollen, £1; N.Z. Breweries (2), Broken UIU Proprietary £2/4/-; ®riUsh Tobacco, £2/7/-: Colonial Sugar (2), £ou 10/-; Ngahere, 7/-. DUNEDIN. Bank of N.Z., £2/2/-; Southland Frozen Meat, ord., £2. N.Z. Breweries, Ltd. Gross profit for the year ended March 31, after payment ot beer duty, was £BOl,020, which exceeded the ligurc for the previous vear 'by £71,086, saxd tlie chairman, iMr. D. W. Madden, nt the annual meeting ot New Zealand Breweries, Ltd., yesterday All forms lot trade expenses and charges had increased steadily., and provision had been made for taxation at the present high rates, resulting in an increase in expenditure of £,13.t1b. for the year was'a profit at £lO-007, or £lB7B less than last years figure. An interim dividend of 3 per cent, was I’Mu w December hist, and the directors recommended a final dividend ’of .; Percent., making a total of 6 per cent, lor the year (unchanged). These two dividends absorbed £98,121, and there remained in the year’s accounts £3946, to be "idled to. the carry forward, bringing it up to £m-,084. “A close analysis of the company s accounts, and the figures involved. salil Mr Madden, ‘‘emphasizes in particular the important part the licensed ally plays in assisting tlie national fin .ances. In its role of tax-collector and tnx’nayer this company alone has paid or'Pill pay to tlie Government, m respect of the year’s operations, tho sum of After paving all other costs and charges, including purchases of raw materials, wages, distribution, etc., there remains available to the shareholders as shown in the accounts, £102.067, or 6.-4 per cent, on the company’s capital." .. The retiring directors Coy. IV. Perry, and 11. F Speight, vere rc-ciectod. Burden Of Taxation AUCKLAND, June 23. “The Farmers’ Trading Company taxation for the yfflr oiided 31<irch »>. amounted to £220,000 wlileli « eumil to - ’ Snied 1 o over £ v«l '>'i> thro f- q ’iy i t s S” % r for everv £1 the shareholder receives in dividends, the Government receives. £5/12/4.

No. of Sale Price. Shares. — _ u \ .200 Union Bank 7 W 0 166 200 10 0 McKenzies Dept. Stores, ex i]iv (°) - 4 6 200 4 fjjft'o *° 4 1 200 Wooi worths (N.Z.), ex t llv ’* 15 •Late sale Tuesday. AUCKLAND.