SMITH AND, SMITH, LTD.

Evening Post, Volume CXVI, Issue 146, 18 December 1933, Page 12

SMITH AND, SMITH, LTD.

The report of the directors of Smith and.Smith, Ltd., Dunedin, for the year ; .ended June 30 last states:—"The result of • ' the year's operations discloses a net loss lof £377; This amount, together with a .debit balance of £8821 carried over from , c last year, leaves the appropriation account 7 in debit to the extent of £9198. The demand for the company's products was severely restricted osviug to the stagnation of the building trade, and following ' _ a .reduction in turnover the gross profits decreased by nearly £3000. Savings, ,'■ however, were effected wherever possible, anil the expepses- of running the business were reduced by almost £9000. The direc- , tors felt that there was now more reason . to expect some improvement tiian at any ,' time during the. itist two or three years, and they recommended that one half-year- ; ly dividend ,on , the preference shares T should be paid in October, 1933. - CANADIAN MINING REVIVAL. • Onited Press Association—By Electric Telegraph— Copyright. JIONTREAL, December 16. The Canadian nickel and copper mines are experiencing a spectacular revival. Nickel production in October was five times greater than in. October last year. The production of copper in October exceeded 15,000 tons, almost double the February- output. GOLD FROM INDIA. ■ , , , » Shipments of, gold from India to London from September to November 17 svere £117,260,000. STOCKS AND SHARES. "■pERRY AND DIGGES SMITH, Stock •*■ and ' Sharebrokers, National Bank .Buildings.(opp. G.P.0., Wellington), Mem* ■ hers Wellington Stock Exchange. Cables and Telegrams "Ennesperry." S< GEORGE NATHAN AND CO.. • Sharebrokers, 105 Customhouse Quay. (Members Wellington Stock Exchange. . Telegrams "Beta, - Wellington, '