COMMERCIAL

Evening Post, Volume CXL, Issue 118, 15 November 1945, Page 9

COMMERCIAL

SHARE MARKET

WELLINGTON STOCK EXCHANGE

Sales made after going to press yesterday:— £500 2y. per cent. Stock, 1/8/46, £100 7s Gd; 266 W.F.C.A. (pref.), 13s; 100 Bruce Woollen (ex div.), £1 ISs 3d; 100 N.Z. Breweries, £2 7s; 100 Morris Hedstrom (cum div.), £2 13s; £1700 3 per cent. Stock, 15/4/56-59, £99 17s 6tl; 25 N.Z. Drug, £5 4s.

Sales made today:—lo Bunk of New South Wales (ex div.), £33 17s Cd; 100 MoVris Iledstrorn (cum. div.), £2 13s; 150 Broken Hill (ex div.), £1 10s. Noon sales:—Bank of New South Wales, £33 17s 6d; National Insurance, 2Rs: South British Insurance, 90s: Standard Insurance, S-ls; Northern Holler Mills, 265; Waihi Investments, 7s. P.A. CHMSTCIIURCn, This Pay. Sales: —4 p?r cent, Government Stock, 194G--40, £100 7s Gd; Electro Zinc (pref.i), 61s Gd (2). P.A. AUCKLAND, This Day. Sales, morning call: —Bank of Australasia, £0; George Court, 55s fid; Milne and Choyce (deb.), 30s fid; National Bank of New Zealand, f»7s fid; Stock, 3 per cent., 1956-59, £01) 17s Cd. DIVIDEND DECLARED. The directors of Goldsbrough Mort. and Co., Ltd., have declared an interim dividend of 2 per cent, payable at Melbourne on December 20. LEYLAND O'BRIEN TIMBER CO. For the second year in succession the net earnings of tho Leyland O'Brien Timber Co., Ltd., failed to cover the appropriations. The net profit for tho year ended September 30 was £96 lower at. £5642, and- to maintain the usual dividend of ti 2-3 per cent. (£6000), which tho directors propose, and to meet £475 for directors' fees, tho undivided profits will bo reduced by £833 to £21,000. Gross profit was £41,562, against £40,124. Taxation provision was tho same at, £12,300. HIGH COST OF TAXATION. P.A. DUNEDIN, This Day. Illuminating figures about taxation were given by the chairman at. tho annual meeting of the Bruce Woollen Manufacturing Company yesterday, lie said: "Covering tho six war years, from September 20, 1030, to September 10, 1045, tlie following figures were of wide interest—Dividends to shareholders, £64,500; direct taxation on profits (Income, social and national security, and excess profits taxes), £340,262 ; sales tax, £127,038 ; tax on employees' wa-es (social and national security taxes), £60,533; wages (gross), £621,321. During the war yen's the company had thus acted as the collecting agent, for tho Government tn the extent, of £533,833, of which its employees had contributed £66,533.