COMPANY NEWS

Evening Star, Issue 22890, 23 February 1938, Page 8

COMPANY NEWS

CARLTON BREWERY LTD. HIGHER PROFIT AND DIVIDEND Disregarding £6,580 of undivided profits of its subsidiary, Carlton Brewery Ltd. shows a profit of £128,950 for the year ended December 31, compared with £104,600 the previous year and £85,430 in 1935. With' its subsidiary, the Victoria Brewery Pty. Ltd., the company holds a 32 per cent, interest in the operating company, Carlton and United Breweries Ltd. The dividend for the year is 15 per cent., absorbing £122,550, against 12 per cent, in 1936 and 10 per cent, in 1935. PRODUCERS AND GENERAL 'J’ NO r NTERTM- ORDINARY DIVIDEND. The directors of the Producers and General Finance Corporation Ltd. have decided to make no interim distribution on ordinary capital for the half-year ended December 31. The usual preference dividend will be paid. In a circular to shareholders the directors state that the result of the half-year’s trading was satisfactory. However, while the company (apart from bank overdraft) has no liabilities other than ordinary current monthly trade .settlements, they consider that funds available should be applied in the meantime to meet the growing demands of the company’s business. Any distribution is, therefore, better deferred until the end of the financial year. A FIVE-YEAR TARIFF MR CHARLES LUDOWICI'S VIEWS 'At the annual meeting of Mangrovite Belting Ltd. the chairman (Mir Charles Ludowici) said that many new industries could be established in Australia to utilise the raw materials available here, provided a tariff was guaranteed for a five-year term. _ Population would follow, and in its train security against aggression, and producers of raw materials would be assured of the, home market, which was the best market. “ The young generation leaving school annually are entitled to a fair chance in life,” he said, “ and this can only be given them by manufacturing many things that are now imported.” AUSTRALIAN-JAPAN TRADE COMMONWEALTH EXPORTS INCREASE 'Australian exports to Japan during the half-year ended December 31 were valued at £5tg1,991,285, compared with £5tg430,564 during the corresponding half of the previous year. Imports from Japan were valued at £5tg2,937,509, compared with £stg2,504,616. The balance of trade, which has been consistently in favour of Australia for years, was thus in both half-years in favour of Japan. For 1935-36 Australia’s favourable balance was more than £stg9,ooo,ooo, and for the full year 1936-37 it was about £5tg3,740,000. SHEEPSKIN SALE MARKET ID TO ID PER LB LOWER The Dunedin Stock Agents and Woolbrokers’ Association reports as follows regarding the sheepskin sale held yesterday:— The usual bench of buyers was present, but the market for all grades was |d to Id per lb lower than the previous sale held on January 25. This easing is attributable to the lower values ruling for wool, and is in sympathy with recent northern sales for both wool and skins. The following is the detailed range of prices:—Half-bred: Full-wool, to 9Jd; three-quarter-wool, 7|d to B|d: half-wool, 6Jd to 7jd; quarter-wool, Sid to 6Jd. F. cross-breds; Full-wool, to B|d: three-quarter-wool, 7d to 8d; halfwool, 6d to 7d; quarter-wool, 5d to 6d. Cross-breds: Full-wool, to 8d; three-quarter-wool, 6id to 7d; halfwool, sfd to 6Jd; quarter-wool, 5d to s|d. Hoggets: Half-bred, to 8d; f. cross-bred, to 7id; cross-bred, to 7jd. Dead: Half-bred, 7id to 8d; f. crossbred, 6jjd to 7id; cross-bred, 6id to 6Jd. Lambs: Half-bred, to 7fd ! ; f. cross-bred, to 7Jd: cross-bred, to 7id. First pelts, to 45a. The next sale is listed for March 8. ANTWERP FUTURES Press Association —By Telegraph—Copyright LONDON, .February 22. (Received February 23, at 11 a.m.) Antwerp futures are quiet. March, 23|d; May, 23*d; July, 23|d. PRIDE OF GOLD Press Association—By Telegraph—Copyright LONDON, February 22. (Received February 23, at 11 a.m.) Fine gold Is quoted at £0 19s 9id per ounce. DOLLAR AND FRANC Press Association—By Telegraph—Copyright LONDON, February 22. (Received February 23, at 11 a.m.) The dollar is quoted at 6.015. The franc is quoted at. 153 3-16. SYDNEY WOOL SALES Press Association—By Telegraph—Copyright SYDNEY, February 22. At the wool sales 10,936 bales were offered and 9,960 sold, 892 of them privately. The market was firm, with wider competition. Yorkshire was the largest operator, with Japan to a moderate extent. Greasy merino realised to 23Jd.