COMMERCIAL.

Evening Star, Issue 16335, 30 January 1917, Page 1

COMMERCIAL.

Shareholders in the Dunedin Starr-TW-kelt Society met last evening. Mr R Smith presided over a, fair attendance. An appropriation of £SOO hv ballot in No. 2 group was drawn hv ‘cinder No. 183. held by one shareholder, and an appropriation of £SOO hv ballot in No 5 group was drawn by cluster No. 376, also hold by one shareholder. NEW ZEALAND REFRIGERATING COMPANY. The annual report of the New Zealand Refrigerating Company states that the erection of the company's new' works at Tmlay were sufficiently complete to hold" tile official opening on November 14, and since then aef'-.d ow'-t-] la yp. been ments will be complete and running at an early dale. The large additions (n the storage rapacity of the southern works were utilised to the utmost daring the An extension to the storage at Pnkeuri is now in progress, a.s last year’s experience, coupled with tho unfavorable indications as to shipping facilities during the continuance of the war, renders this further extension desirable. A follmongery k also now in course of creation at Burriside. which will he a. valuable addition to tho works. The balance available for appropriation is £68.705, which the directors recommend should he disposed of ns follows:—To pay a, dividend of 4 per cent, for the half-year ended October 51. 1916, £6,769: to pay a. bonus of 4 per cent, on the paid-up capital, £6,769; to add to the ireneral assurance reserve account, £25,000; Laving £30,167 to be carried forward It is also proposed to merge, with the general assurance reserve- the £15.000 now rtaudiug to the credit of equalisation of dividend account.