DALGETY'S FRESH CAPITAL.

Evening Post, Volume CXII, Issue 149, 21 December 1926, Page 11

DALGETY'S FRESH CAPITAL.

The Hon. E. W. Parker, chairman of Dalgoty and Co., Ltd., recently reminded shareholders of the need tit increasing the capital resources of the company. Beyond putting out an Issue of i% per cent. Irredeemable debenturo stock, amounting to £250,000, they lind rtot as yet definitely, decided to talte further steps. He wan convinced, however, that boforo long they would have to do something in that direction, la New Zealand the company had not done nearly so well In 1020 as last year, when the Dominion was responsible tor a considerable - percentage of the company's earnings. Oil this occasion, however, the season hid been, far ftom good, and the North Island was the victim of generally unfavourable weather. These conditions naturally affected the earning power Of branches — especially so as -prices of the pr.lmufy products of the Dominion had deoli&cd during the year. The directors were gratified that, the results justified a declaration of dividend and bonus on the same scale as last year. They were again carrying forward a substantial sum (£211,412), which seemed only prudent In view of the nature of their business, subject, as it wan, to seasonal in Australia.