COMMERCIAL

Evening Star, Issue 20314, 24 October 1929, Page 14

COMMERCIAL

DIVIDEND DECLARED. Press Association—By Telegraph—Copyright. LONDON, October 23. (Received October 24, at 12.5 U p.m.) The New Zealand and Australian Land Company has declared a final dividend oi 4 per cent., making 8 per cent, for the year.—Australian Press Association. PROPERTY SALE. Messrs N. and E. S. Paterson, Ltd., report having submitted to auction at their rooms to-day m the estate oi the late Professor R. E. Dav.es allotments 16 and 17, l.t. plan 1,994, township of Bishopscourt, known as No. 5 Dumblano street, Roslyn, together with modern nine-roomed residence and beautiful grounds. After spirited competition tho property was sold to Mr 11. P. Bell. PROFITABL EYEAR. Meeting to-day in the palatial new building iu Shortlind street, Auckland shareholders of the South British Insurance Company had a pleasant message to receive in the announcement ol profitable results from the year’s operations, and an increased rate of dividend. In notifying these facts, however, the Chairman of Directors (Mr V. J. Lamer) again drew attention to •tho excessive fire losses in the dominion, and emphasised that the greater portion of the profits came from abroad. SALES ON ’CHANGE; THIS DAY. Auckland.—Sales on ’Change; Auckland Gas, 24s 9d: Farmers’ Auctioneering, 80s. Sales teported; Ohinemuri. 9s 6)d; National insurance, 16s 6d; Auckland Gas, 24s 9d; Thames Harbour, 6 per cent. (1915), £lO3 10s; Mount Lyell, 42s 3d. Christchurch.—Goldsbrough Mort., 43s 2d; British Tobacco, 46s (two); Winding Creek (6d paid), Is 4d; Stoney Creek (6d paid), 9d (lour). Reported: Commercial Bank of Sydney, C 24 ss. Wellington.—Reported sale; Commercial Bank of Australia (ord.), 27s 6d.