COMPANY NEWS

Evening Star, Issue 23021, 28 July 1938, Page 11

COMPANY NEWS

NEWCASTLE STEAM PROFIT STEADY DIVIDEND UNCHANGED The Newcastle and Hunter (River Steamship Co. Ltd. reports a net profit of £15,030 for the year ended June 30. For tlie half-year ended June 30, 1937, the profit was £7,660, or at the rate of £15.320 a year. The balancing date has been changed from December 31 to June 30. Dividend is maintained at 10 per cent, per annum, requiring £15,000. In January, a bonus of 21 per cent, was paid from reserves to celebrate the 150th anniversary. . A small property at Phoenix Park, Hunter (River, was sold during the year. Land has been leased at Pyrmont, where a store and hoists have been installed for the handling of steel leasehold property £3,011, appears in tho accounts, snd worbng plant has increased from £2,744 to £5,156. ’ , WALLAROO MOUNT LYELL DIVIDEND OF 6 PER CENT. The directors of Wallaroo Mount Lyell Fertilisers Ltd. have declared a final dividend of Si per cent., payable on August 16, making, with the interim paid m February, » total of 6 per cent, for the year. Dividend for the previous year was 5 per cent, in one payment. DIVIDEND UNCHANGED WESTINGHOUSE ROSEBERRY Net profit of Westinghouse Roseberry Ltd. for the year ended April 30, was £9,642, compared with £9,316 in the previous year. The directors state that sales reached a record figure. Ordinary dividend has been maintained at 6 per cent., requiring £8,204, and the preference dividend ot 7 per cent, absorbs £1,750, leaving £239 to be carried forward, compared with £6ll brought into the accounts. The directors state that the whole of the developmental expenses incurred and the cost of obtaining new capital were charged against the year’s expenses. Capital was increased by £26,000 in October, and a furthei £25,000 has been allotted and paid up since the end of April. TEA TRADE COLOMBO WEEKLY SALE Mr L. Mi Wright has received the following report on the Colombo tea auction of July 26: Medium and fine quality teas were in brisk demand,'and-at close of sale prices had advanced to 3d ib. Common grades were neglected, and declined about Jd l , At next week’s auction 1,750,0001 b will be offered. FIVE MONTHS’ IMPORTS. A return just to hand showing the total quantity of tea imported into New Zealand from each country of origin during tho five months ended May, 1938, distinguishing the importations to the four main ports, gives the following information:—ln Ceylon tea Auckland shows an amount of 2,148,9401 b, Wellington 830,6721 b, Lyttelton 546,6771 b, Dunedin 616,8991 b, other ports 133,0991 b, making a total of 4,276,2871 b. The total for Auckland, including Ceylon, India, China, and Japan, amounts to 2,243,3981 b, while the total for the whole of New Zealand amounted to 4,418,5221 b, AUSTRALIAN STUCK EXCHANGES Press Association—By Telegraph— Copyright ' SYDNEY, July 27. _ Industrial shares maintained their firm tone on the Stock Exchange today, but the turnover was limited. Pastoral shares received better support.

MELBOURNE, July 27. To-day’s market was inclined to be a little hesitant, and price movements were narrow. £ a. d.

Bank of New South Wales £ 31 s. 10 d. 0 Commercial Banking of Sydney 20 13 0 Commercial Bank of Australia 0 16 10J Queensland Nationa' Bank 5 1 6 Colonial Sugar ... 48 12 6 Associated News ... 1 2 0 (pref.j 1 3 6 Howard Smith ... 1 0 10 British Tobacco ... ... 2 9 0 G. J. Coles 4 3 9 Australian Glass ... 4 16 6 Dunlop Perdriau 1 2 6 Stedmans 0 15 3 Mort’s Dock 0 12 9 Hume Pipe 0 18 8* Sargents 1 9 9 C. Neon ... ... 2 8 0 Victoria Nyanza ... 0 16 3 Goldsbrough, Mort 1 8 6 Sydney Ferries (New Zealand delivery) 0 6 5 Malleys 1 2 0 Mount Morgan ... (pref.) 0 11 1 1 2 0 Mount Lyell 1 9 3 Kuala Kampar ... 0 18 9 Emperor 0 12 8 Taranaki Oil 0 13 9

Commercial Bank of Australia 0 16 9 National Bank (£5 paid) ... 6 16 0 (£10 paid) 13 18 0 British Tobacco 2 9 0 Australian Glass 4 16 0 Dunlop Perdriau 1 2 7 Cox Bros. ... 0 18 0 Yarra Falls 1 18 6 Australian foundation Investment Trust 0 4 1] Imperial Chemicals (pref.) 1 1 6 Mount Lyell 1 9 0 Broken Hill Proprietary ... 3 1 3 North Broken Hill 2 8 6 South Broken Hill 1 12 10 Emperor ... 0 12 8 Loloma 1 2 6