COMPANY NEWS
EYCROFT LTD. UNCHANGED INTERIM DIVIDEND [Per United Press Association.] AUCKLAND, October 28. The directors of Bycrqft Ltd. have announced an interim dividend of 4 per cent., unchanged, payable on November 15. D.I.C. LTD. FIFTY-FOURTH ANNUAL MEETING The annual meeting of the shareholders of the Drapery and General Importing Company of New Zealand Ltd. was held m the Somerset Lounge yesterday afternoon, the chairman of directors, Mr P. L. Hulsted, presiding. The chairman’s address was published in last night’s ‘ Star.’ Moving the adoption of the report and balance sheet the chairman had much pleasure in recommending that a dividend be paid at the rate of 5 per cent, per annum on preference shares for the half-year ended August 20, 1938, amounting to £0,250, and a dividend at the rate of 0 per cent, per annum be paid on ordinary shares for the year ended August 20, 1938, amounting to £14,588 19s sd; that the sum of £IO,OOO 7s Od be added to reserve, which will then stand atj£so,ooo; and that the balance of £45,570 15s 5d bo carried forward.
Mr H. H. Sykes seconded the motion, and 'congratulated the company on its record gross sales and-also in the increase of over £25,000 in the excess of liquid assets over liabilities. . Mrs R. Campbell, supporting the motion, said that the maintenance of the yearly dividends at a constant figure was a tribute to the sound management of the company’s business, and should give shareholders complete confidence in the board. The motion was carried. Mr M. S. Myers, who retired from the directorate and offered himself for re-election, was reappointed to the board. Auditors were reappointed as follows; —Messrs J. S. M'lnnes and Sons (Dunedin), Mr J. W. K. Lawrence (Christchurch), Mr E. 11. Dymock (Wellington), Mr T. Ballingall (Wanganui), and Messrs Henry 11. Frost and Sons (London). Mr A. H. Ibbotson moved a vote of thanks to the staff, which was seconded by Mr C. M. Grcenslade and carried by acclamation. Messrs M. S. Myers (general manager) and H. C. Harford (Dunedin manager) returned thanks on behalf ■of the staff. NEW REGISTRATION The ‘ Mercantile Gazette ’ notifies the registration of the following company:— Mining and General Secretariat Ltd. Registered as a private company October 12. Office: Office of H. Booth, accountant, A.M.P. Chambers, 163 Princes street, Dunedin. Capital: £I,OOO, into 1,000 shares of £1 each. Subscribers: Dunedin—H. Booth I. Tiniaru—J. T. Brady 999. Objects: To carry on business of managers, secretaries, and technical advisers to mining companies and general incidental. FOREIGN EXCHANGES ON NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rates to-day for purchase and sales of foreign exchanges (all rates subject to alteration without notice) Buying. Selling.
London— £100 slg. N.Z. T.T. O.D. £124 10/ £124 1/3 £125' £124 19/6 Australia — £A to £100 “ T.T. £100 10/ £100 Fiji£F to £100 N.Z. T.T. £90 £83 12/6 New York — Dollars to £1 N.Z T.T. O.D. 3.8392 3.8442 3.8040 3.8050 Montreal — 1 Dollars to £1 N.Z T.T. O.D. 3.8672 3.8759 3.8327 3.8337 Belgium— Belgas to £1 N.Z T.T. O.D. 22.753 22.828 22.443 22.448 Czechoslovakia— Korunas to £1 N.Z. ... ... T.T., O.D. - 110.30 110.32 Denmark — Kroner to £1 N.Z T.T. O.D, 18.131 18.191 17.821 17.823 Finland— Marks to £1 n.z; T.T. O.D. 184.70 185.10 . 178.90 179.00 France —. . Francs to £1 N.Z T.T. O.D. 144.61 142.11 142.13 Germany— Reichsmarks to £1 N.Z. ... T.T O.D, - 9.453 9.455 Greece— Drachmae to £1 N.Z. ... T.T. O.D. - 428.98 429.13 Holland— Florins to £1 N.Z. ... ... T.T. O.D. 7.114 7.154 6.964 6.966 Ualv — Lire to £1 N.Z T.T. O.D. - 72.243 72.268 JavaFlorins to £1 N.Z T.T. O.D. 7.090 7.130 6.940 v 6.942 Norway— Kroner to £1 N.Z T.T. O.D. 16.119 16 179 15.829 15.832 Noumea — Francs to £1 N.Z T.T. O.D. 147.11 140.36 140.40 Fm.t-vu — Francs to £1 N.Z T.T. O.D. 146.51 140.51 140.55 Sweden— Kroner to £1 N.Z. ... .. T.T. O.D. 15.736 15.786 15,441 15.444 Switzerland — Francs to £1 N.Z T.T. O.D. 16.984 17.089 16.714 16.716 Hongkong— N.Z pence to 1 dollar T'l O D 18 29 64 18 27 64 18 53 64 18 53 64 Indie and Oylnn— N.Z. pence to T.T. 1 rupee ... O.D. 22 7-32 22 3-16 22 1-2 22 1-2 Japan— N.Z. pence to 1 yea T.T. O D. 17 19-32 17 19-32 Singapore— N Z. pence to 1 dol'ar ... T.T. O U, 34 19-32 34 1.2 35 5-64 ’ 55 5-64
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https://paperspast.natlib.govt.nz/newspapers/ESD19381029.2.72.3
Bibliographic details
Evening Star, Issue 23101, 29 October 1938, Page 14
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732COMPANY NEWS Evening Star, Issue 23101, 29 October 1938, Page 14
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