COX BROS. (AUSTRALIA), LTD.
Cox Brothers (Australia), Ltd., has advised the Stock Exchange Association of New Zealand that the directors announce a dividend of 15 per cent, on the ordinary shares for the twelve months ended July 31; also a new issue of ordinary shares at par to ordinary shareholders on the basis of two new shares for every five now held. The share register will close on October 4 and applications for the new shares on November 1. The shares are payable 2s 6d on application and 2s 6d on February 1. The company, which trades in drapery, clothing, and furniture, largely on credit, has a nominal capital of £1,000,000. Paid capital at June 30, 1938, was £425,189 in 167,475 A and 123,015 B 7 per cent, cumulative preference shares of 20s each fully paid and 538,797 ordinary shares of 5s each, fully paid. Since 1936 ordinary shareholders have had a run of 15 per cent, dividends. In 1936----37 ordinary shareholders also received £8163 of bonus scrip (one for 10), while one-for-two par issues of £44,900 early last year and £67,350 some months later conferred further benefits.
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https://paperspast.natlib.govt.nz/newspapers/EP19390823.2.127.19
Bibliographic details
Evening Post, Volume CXXVIII, Issue 46, 23 August 1939, Page 14
Word Count
188COX BROS. (AUSTRALIA), LTD. Evening Post, Volume CXXVIII, Issue 46, 23 August 1939, Page 14
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