WOOL BUSINESS INCREASES.
The'-directors'' of' the; Commonwealth" Wool and; Produce Company, Ltd., Sydney, have decided to issue 50,000 £1' shares, and to offer them at par to shareholders in the proportion of one for every '■ five held. New, shares will rank for dividends as from April 1 pari passu with the existing shares. '■ The- directors state that they have been • influenced by the expansion of the compahy.'s. business, particularly in relation to its, comparatively . recent entry into Victoria. They have before them sufficient information to indicate that-'the company's business for the year ending March 31 next will prove satisfactory, and they intend to recommend a dividend, of 6 per cent. Authorised capital is £500,000. Issued capitaLl*. £250,000 in £Ishares, fully paid. Lastryear's"dividend-was 5. per cent. -.s, ■fi. .. ■ . '. ■•'• •■' ■'-••■'
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https://paperspast.natlib.govt.nz/newspapers/EP19370325.2.180
Bibliographic details
Evening Post, Volume CXXIII, Issue 71, 25 March 1937, Page 20
Word Count
127WOOL BUSINESS INCREASES. Evening Post, Volume CXXIII, Issue 71, 25 March 1937, Page 20
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