COMMERCIAL

Evening Post, Volume CXXXVI, Issue 66, 15 September 1943, Page 6

COMMERCIAL

SHARE MARKET

WELLINGTON STOCK EXCHANGE,

Sales made today at first call:—800 Consolidated Brick, 9s. Sales made after going to press yesterday:— £1020 War Loan (1/10/53), £93 15s; 315 Mt. Lyell £1 10s 6d; £1350 3 per cent. Stock (15/12/53-56), £98; 110 Mac Duffs, Ltd. (pref.), ex div., £1.4s 6d. Sales (morning call) : Bank of New South Wales (odd lot),1 £34; N.Z. Insurance, 85s 3d; South British Insurance, 735; Swan Brewery, 255; Aust. A.C.1., "565; Broken Hill Proprietary, 45s 3d; Colonial Sugar, £57 15s; Consolidated Brick, 9s; Farmers'" Trading, 23s 3d; N.Z. Forest Products, 7s 6d. Noon call: National Bank of New Zealand, 50s; Auckland Drainage Board, 4% per cent. (1947), £104 ss; Waitomo Power Board, 4% per cent.. (1945-56), £101 7s 6d; South British Insurance, 73s 3d. ; CHRISTCHURCH, This Day.

XZ. Government 3 per cent. Stock (1953----56) £9S 10s; Kaiapoi Woollen (7s paid),. 83s 2cl •' Wilsons Cement, 18s 9d. Reported:— Com. Bank of Aust. (pref.), £10 ss; A.C.1., 3Gs 3d. t

DUNEDIN, Thiijs Day,

Sales reported:—N.Z. Government 3 per cent Inscribed Stock (1933-56), £98; Bruce Woollen (ord.), 30s; Australian Consolidated Industry, 565; Otago Daily Times, 475; Mt. SHARE BUSINESS SMALL.

(By ' Telegraph—Press Association —Copyright.) SYDNEY, September 14. There was some demand on the Stock Exchange today for retail shares, but the volume of business transacted was small. Sales: Mt. Morgan 9s 9d; Permanent Trustee, 21s bd; Associated News, 18s; Commercial Bank cf Sydney, £19 Is; Placer Development, 66s 3d; Rawang Tin, Bs.

CUNARD WHITE STAR YEAR.

Ordinary shares in Cunard White Star (of which the Cunard Steam Ship Co. holds 62 per cent.) have received a final dividend of 5 per cent., making 10 per cent, per annum, against 7y> per cent, for the year before. Ordinary stock amounts to £10,000,000. Cunard White Star's net profit was lower at £619,423, against £950,927, but this was after making provision for deferred repairs of unstated amount and for depreciation of £1,196,162, or £17 000 more than in 1941. Reserves jumped from £3,811,551 to £6,960,845, and on the other side the Government securities were £0,000 000, against only £500,000. Cash was up by nearly £400,000 at £1,925,688.

SHORTAGE OF LIVESTOCK,

The Technical Advisory Committee on Agriculture in London, in a recent report, stated that as a result of lack of feeding stuffs, requisitioning, and slaughtering, the estimated decline of livestock in Allied countries was 11,000,000 cattle, 11,000,000 sheep, 12,000,000 pigs, and 3,000,000 horses.

CINEMA DIVIDEND OF 50 PER CENT,

British Lion Film' Corporation Ltd., London, paid for last year a dividend of 50 per cent, on ordinary shares and 10 per cent, on the 7V 2 per cent, participating preference shares, carrying forward £25,603, or £1513 more than last year.

FARMERS' CO-OP. INSURANCE.

The Farmers' Co-operative Insurance Association of New Zealand, Ltd., reports for the year ended June 30, 1943, net premium revenue £72,258; interest and rents (less taxes and rates) £3451. Surplus in underwriting account, £14,801. Provision was made for depreciation on buildings, £124; transfer to reserve fund, £5000; transfer to investment fluctuation account, £2000; a total of £7124, leaving available £11,128. Interim dividend at 7 per cent, per annum for the half-year on preference shares was paid in January, 1943, £1745. Directors recommended payment of a further dividend at the rate of 7 peri cent, per annum on preference shares for half-year ended June 30, 1943, and Is 3d a share for the year on ordinary shares, leaving £4576, to which was added the balance from June, 1942, less dividend paid September, 1942, £34,404 8s Sd, making to be carried to new account £38,980 8s sd.

WRIGHT, STEPHENSON'S YEAR,

The 37th annual meeting of members of Wright, Stephenson, and Co., Ltd., was. held at the head office of the company, Wellington, yesterday. Profit and loss account for the 12 months to June 30 last showed a credit balance of £42,539, to which was added amount carried forward from last year, £34,131, making a total of £76,370. From this was deducted .the interim dividend, paid January 31 last, amounting to £12,971, leaving a balance of £63,398 available for distribution. A dividend of 2% per cent, on ordinary shares was declared (making 5 per cent, for the 12 months) and the fixed payment, at the rate of 5 per cent, per annum, less social security taxes, ■to preference shareholders was adopted. It was also resolved that £15,000 be transferred to general reserve account, leaving a balance of £35,427 to be carried forward. Messrs. J. T. Martin, R. Nichol, R. W. Steel, and S. C. Sutherland, retiring directors, were re-elected. Messrs. Barr, Burgess, and Stewart wero reappointed auditors. .