W. R. CARPENTER

Evening Star, Issue 23350, 21 August 1939, Page 6

W. R. CARPENTER

HIGHER PROFIT DIVIDEND HELD AT 10 PER GENT. NEW SUBSIDIARY FORMED W. R. Carpenter and Co. Ltd. show a net profit of £115,281 for the year ended Juno 30, compared with £111,372 for the previous year. Dividend is maintained at 10 per cent., requiring £76,250. Other transfers are £IO,OOO to contingencies account and £2,000 to superannuation. account. The balance corned forward is increased from £36,038 to £63,609. Depreciation charged was £18,512, against £8,767 in 1937-38. During the vcar capital was increased hv 100,000 shares paid to ss, and 10,000 shares paid to £1 were issuhd at a premium of £1 4s 6d per share. The premium of £12,250 was used to reduce the value of investments in subsidiary companies. A new subsidiary, \V. R. Carpenter and Co, (Condon) Ltd., was formed, and the paid-up capital of £IO,OOO was subscribed bv the present company. The new vessel Suva is in service and will operate in the London-Pacific Islands service. BALANCE SHEET ITEMS. Results over the past three years aIG ' .no- IIWO IflSi).

Chief movements in items are; — liabilities.

FOREIGN EXCHANGES ON NEW ZEALAND CURRENCY BASIS The Bank of New -South Wales. Dunedin, quoted the following rates for purchases and sales of foreign exchange (all rates subject to alteration without notice): —

DOLLAR RATES. The Associated Banks (oilier tlian Hie Bank of New South Wales) to-day quoted (ho following dollar rales on a New Zealand currency basis. They are subject to alteration without notice;—

1337. 1338. 1939. £ £> Net profit 100,585 111,372 115,-81 Dividend, p.c. ... Dividend, amount 3 00,015 10 74,000 10 76,250 To replacements and renewals 17,535 To volcano losses 10.000 To superannntion count ac3.000 2,000 2,000 To contingency ac* 3,000 10,000 10,000 Forward 11.305 36,038 03,609 Depreciation 11,243 8,767 18,313

1937. 1938. 1039. 775^00 10,371 200,000 93,685 17,721 10,861 Capital ... ' Premium on share issue ... Reserve Creditors Due (o subsidiaries ... Branch remittances ... 673,500 10,37*1 200,000 97,563 6,725 710.000 10,371 200.000 89,891 49,100 ASSETS. Investments Property,. ships, etc. Plantation advances Debtors Due by subsidiaries Stock Cash Unexpired charges ... 393,100 317,761 159,131 9.825 101,612 197,263 373,509 89,757 65.089 14,611 125,911 £S° iSliiii

London — £100 stg. N.Z. T.T. O.D. £124 7/6 £123 18/9 £125 £124 19/6 Australia — £A to £100 N.Z. T.T. O.D. £100 10/ £100 10/ £100, .. £100 Fiji— £F to £100 N.Z. T.T. O.D. £90 , £90 £88 12/6 £88 12/6 New York— Dollars to £1 N.Z T.T. O.D. 3.7743 3.7793 3.7311 3.7321 Montreal — Dollars to £1 N.Z T.T. O.D. 3.7714 3.7801 3.7314 3,7524 Belgium— Belgas to £1 N.Z T.T. O.D. 22.262 22.337 21.952 21.957 Denmark — Kroner to £1 N.Z T.T. O.D. 18.140 18.200 17.830 17.832 Finland — Marks to £1 N.Z T.T. O.D. 184.88 185.28 179.08 179.18 France— Francs to £1 N.Z T.T. O.D. 142.96 144.21 140.46 140.48 Germany— Reichsmarks to £1 N.Z. ... T.T, O.D. • 9.265 9.267 Greece — Drachmae to £1 N.Z. ... T.T, O.D ■ 429.20 429.35 Holland— Florins to £1 N.Z T.T. O.D. 7.077 7.117 6.927 6.929 Italy— Lire to £1 N.Z T.T, O.D, - 70.94 70.96 Java— Florins to £1 N.Z T.T. O.D. 7.057 7.097 6.907 6.909 Norway— Kroner to £1 N.Z T.T. O.D. 16.129 16.189 15.839 15.842 Noumea— Francs to £1 N.Z T.T. O.D, 145.46 ■146.96 138.71 138.75 Papeete— Francs to £1 N.Z T.T. O.D. 144.86 146.36 138.86 138.90 Sweden— Kronor to £1 N.Z. ... ... T.T. O.D. 15.732 15.792 15.437 15.440 Switzerland— Francs to £1 N.Z T.T. O.D. 16.771 16.871 16.501 16.504 Hongkong— N.Z. pence to 1 dollar T.T. O.D. 18 1-8 18 3-32 18 1-2 18 1-2 India and CeylonN.Z. pence to 1 rupee T.T. O.D. 22 7-32 22 3-16 22 1-2 22 1-2 Japan— N.Z. pence to 1 yen T.T. O.D. - 17 37-64 17'37-64 Manila— N.Z. pence to 1 peso T.T. O.D, 31 33-64 31 27-64 32 7-32 32 7-32 Singapore— N.Z. pence to 1 dollar T.T. O.D. 34 27-32 34 3-4 35 21-64 35 21-64 South Africa— £N.Z. to £100 S.A. T.T. O.D. £124 4/3 £122 17/ £124 17/ £124 17/

U.S.A, CANADA. SUBBING— (Bor £1 N.Z.) (Per £1 N.Z.) T.T. (dol) ... 3.72 1-8 3.72 1-8 O.D. (dol) ... 3.72 3-8 3.72 3-8 BUYING— O.D. (dol) ... 3.77 15-16 3.78 1-8