COMMERCIAL

Evening Star, Issue 21638, 6 February 1934, Page 12

COMMERCIAL

WELLINGTON GAS CO. 8 PER CENT. DIVIDEND FOR YEAR. [Per United Press Association.] WELLINGTON, February 6. Moving the adoption of the annual report and balance-sheet at the Wellington Gas Company’s annual meeting, Sir Harold Beauchamp said the board felt justified in recommending a dividend of 4 per cent, for the last half year, giving a return of 8 per cent, for the full year, and permitting the carrying forward of £14,407 7s 4d. ■Substantial funds had been transferred to certain reserves, all of which made for financial strength. The revenue for the last year was less than for 1932, but reductions in expenditure more than compensated for this. He remarked on the fact of the Government not making provision for the payment of taxation by municipal trading concerns, and expressed the opinion that it was most inequitable that municipalities and power boards should receive such preferential treatment. The company’s policy of providing lectures on cooking and home science was extended by holding special evening sessions. These additional facilities were well received, the attendances being 1,200 people per week. THE WHEAT MARKET. Press Association—By Telegraph—Copyright. LONDON, February 5. (Received February 6, at 1.30 p.m.) Wheat cargoes are steady, but business is inactive. Parcels are steady. Futures: London—February, 18s sd; April, 18s 6d; June, 18s 9Jd. Liverpool: March—4s 4fd; May, 4s 5Jd; July, 4s 6|d. SALES ON ’CHANGE; THIS DAY. Auckland National Bank. £4 os; National Insurance, 18s 8d; Grand Junction, 4s 9d; Government Stock (1946), £lO3 55,. (1949) £lO2 10s; Commercial Bank (pref.), £9 3s; Bank of New Zealand. £2 10s 6d; A.P.A. Insurance, 11s; Farmers’ Auctioneering (A pref.), 20s 6d; Goldsbrough, Mort, £1 14s 3d; Auckland Gas (ortl.), 245; Gear Meat, 245; Wilson’s Cement, £1 7s lOd; BellKilgqur, lid; King Solomon, 10Jd; Mount Lyell, 4s IJcl; Woohvorths, £1 os sd; Woohvorths (pref.), £1 17s; Amalgamated Brick, £93. Christchurch.—New .Zealand Government 4 per cent., inscribed), 1940, £lOl 15s (3); Bank of Australasia, £l3 ss; E.S. and A. Bank) £5 165.6 d; Bank of New-South, Wales (cum. div,), £33 5s ; • New Zealand • Breweries, 40s lOd; Toohey’s Brewery, 27s 6d (2); Electtolytic -Zinc (ord.)', -27 s 27s 2d; Mount Lyell, 25s 6d; Consolidated, 19s ■6d; King vSolomon, 4s Td, 4s OJd; Mount Morgan 77s . 6d. Reported:, Bank of New Zealand, 50 s 9d. i