BUSINESS IN BRIEF.
Reviewing the statement of accounts at the annual meeting of Berlei (N.Z.) Ltd., Auckland, the chairman, Mr. J. A. Gentles, pointed out that reduction in the net profit from £10,742 to £8701 was due entirely to Increased taxation. Total sales had been well maintained throughout the year, and the company had produced a satisfactory output of garments for the armed forces. He added that the financial position was exceptionally sound. The report and accounts were adopted and the retiring direAors, Messrs. F. R. BUrley and S. Reid, were reelected. Napier Gas net profit was £1592 for the year ended December 31, compared with £3084 in the previous year and £3131 in 1940. With £2450 available, the directors recommend a ttnal dividend of 2Vfc per cent, on preference shares, making 5 per cent, for the year, unchanged, and of 2 per cent, on ordinary shares, making 4 per cent, for the year, unchanged. These payments absorb £2380, leaving £70 to be carried forward against £2237 brought in. GOLD DREDGE RETURNS. Snowy River dredge returned 1350z for 130 hours from 30,000 yards. Blackball Creek return was 80oz for 224 hours. Maori Gold returned 30oz for 121 hours from 13.000 yards. LONDON SHARE INDICES. (By Telegraph—Press Association—Copyright.) LONDON, February 6, "Financial Times" stock and share indices, with previous Quotations, are (October 15, 1926. equals 100) :—
WELLINGTON TRUST LOAN. Directors of the Wellington Trust, Loan, and Investment Co., Ltd., report for the year ended December 31, 1042, net profits, after making full provision for taxation, £3497 'is lid (compared with £5075 for 1941), which, with £4045 18s brought forward from last year, show a total to the credit of profit and loss appropriation account of £7543 Is lid. The directors recommend transfer to lncoma tax reserve £1195 3s sd, payment of a dividend of 3 per cent, for the year £3750, and carry forward £2597 18s 6d. The dividend for 1941 was 5 per cent, per annum. Profound regret Is expressed at the death on March 25, 1942, of the late chairman and colleague, Mr. John Johnston Reich, "whose valued services rendered over a period of 18 years on the company's board of directors were highly appreciated." Mr. William Watson was appointed chairman and Mr. F. W. Dawson was appointed to fill the vacant seat a3 a director. Mr. Watson retires from the directorate and, being eligible, offers himself for re-election.
'ebruary 'ebruary 'ebruary 'ebruary 2 3 '.'. 4 .. 5 .. Oovt. sees. 114.1 114.1 114.1 114.0 Home rails. 67.2 66.9 66.S 66.9 Indus- Goldtrials, mines. 122.5 148.0 122.5 148.0 122.2 147.0 122.0 147.8
BUSINESS IN BRIEF.
Evening Post, Volume CXXXV, Issue 32, 8 February 1943, Page 3
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.
Log in