PRESTIGE, LTD., PROFITS

Evening Post, Volume CXXV, Issue 143, 20 June 1938, Page 12

PRESTIGE, LTD., PROFITS

Profit of Prestige, Ltd., hosiery manufacturers, of Melbourne, for the year ended March 31, was £10,969, a decrease of £14,322 on that for the previous year. A final ordinary dividend of 6d a share is recommended, making, with the interim of 3d a share, a total for the year of 7J per cent, on the 10s shares, compared with. 10 per cent, in the previous year. Dividend of 8 per cent, on the preference shares requires £8244, and to pay the ordinary dividend, requiring £8428, the directors have supplemented the £454 brought into the accounts with a transfer of £5250 from general reserves. In their report the directors state that, during the year, the company completed the installation of a new full-fashioned plant. The reorganisation, coupled with the increased costs of raw material and labour, was responsible for the lower profit. Turnover was greater than for the previous year, and the directors view the future with confidence.

SOUTH AFRICAN WOOL CLIP. Winchcombe, Carson, Ltd., has received the following cable from Port Elizabeth:—"Coming season's South African clip estimated at 730,000 bales. Carry-over unsold, June 1, 30,000 bales." The current season's African clip is approximately 709,000 bales, calculated at the African bale weighing 3241b. The carry-over at June 30, 1937, was 1000 bales. NOYES BROS. (MELBOURNE). Noyes Bros. (Melbourne), Ltd., have declared a final half-yearly dividend of 6i per cent., making, with the interim dividend in November, a total of per cent, for the year ended April 30. A bonus of 1$ per cent, has also been declared. Last year the dividend was 10 per cent., and there was no bonus. GOOD DEMAND FOR APPLES.

(By Telegraph—Press Assn.—Copyright.) LONDON, June 18.

Apples are in strong demand. New Zealand, ex Port Dunedin, Granny Smiths 10s 6d to 13s 9d a case, Sturmers 9s 8d to 12s, Dunns 10s to lis

6d. Pears are in short supply. (By ' Telegraph—Press Assn—Copyright.) LONDON, June 19. Fruit has been in strong demand at higher prices owing to the widespread failure of the British crops. Cut flowers exported from Guernsey during the first three months of 1938 were of the value of £134,557, compared with £120,946 for the last quarter of 1939.