HOWARD SMITH.
Directors of Howard Smith, Ltd., have decided to reduce the interim half-yearly dividend from 5 per cent, to 4 per cent. Besides its interest in Australian Steamships Pty., Ltd., the company holds large interests in Caledonian Collieries, Ltd., Invincible Colliery, Ltd., Australian Sugar Co., Ltd., and Commonwealth Steel Products, Ltd. Last year it acquired a' substantial interest in Southern Portland Cement, Ltd., and Southern Blue Metal Quarries, Ltd., and more recently became associated with Australian Iron and Steel, Ltd. Depression in the coal trade and interruption to inter-State steamship services by the cooks' strike have no doubt reduced income from the associated com panics, while investments in cement, metal, and iron and steel are not yet wholly revenue-producing.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19280912.2.148.11
Bibliographic details
Evening Post, Volume CVI, Issue 54, 12 September 1928, Page 14
Word Count
120HOWARD SMITH. Evening Post, Volume CVI, Issue 54, 12 September 1928, Page 14
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.