LOAN REPAYMENT

Evening Star, Issue 23833, 13 March 1941, Page 7

LOAN REPAYMENT

STERLING FUNDS SUFFICIENT [Per United Press Association.] WELLINGTON, March 13. Satisfaction with the condition of the sterling funds to meet the commitments for war charges and loan repayment was expressed iu an interview by Mr Nash. He said that none of the holdings of overseas securities and currency mobilised by the Government had been appropriated so Asked if the sterling funds would be used as suggested by the ‘ Financial Times m a recent cable in repayment of debts falling due in London in the next few years, Mr Nash replied; “We have already done that. We have not renewed any loans, and we will repay the only loan falling due this year. It is of £3,500,000, half of which is due in June and the remainder at the end of the year. That loan will be repaid on the due dates.” COMPANY NEWS The directors of Pelt and Textiles (Australia) Ltd. announce the usual interim dividend on ordinary shares for the halfyear ended December 31, 1940, at the rate of 10 per cent, per annum, the dividend being payable on April 1, 1941. The aggregate turnover of the company and its subsidiaries shows a satisfactory increase, and profits have been well maintained. The dividend payable on contributing snares will be computed from November 15, 1940, and will be at the rate of l£d a share. The half-pearly dividend on 6 per cent, first preference shares will also be payable on April 1. The Melbourne and Sydney ordinary (including contributing) and first preference transfer books and register of members will bo closed from Tuesday, March 18, to Monday, March 31. In order that transfers may be* dealt with before the closing of the transfer registers, it is necessary that they should he lodged at the office of the company at Sydney or Melbourne before Monday, March 17. AUSTRALIAN STOCK EXCHANGES Press Association—By Telegraph—Copyright SYDNEY, March 12. Trading in to-day’s investment, market was widespread, with a firm undertone. Sydney Sales. —Bank of New South Wales, £26 10s; Commercial Bank of Australia, 14s; Woolworths (New Zealand delivery), 17s 9d; Selfridges (New Zealand delivery), £1 0s 9d; Consolidated Industries, £1 18s 9d; Consolidated Industries (cont.), £1 6s lOd; Atkins, £1 Is 6d; Electrolytic Zinc. £2 10s 9d; Electrolytic Zinc (pref.; New Zealand delivery), £2 13s; Rawang, 8s lid; Oil Search, 7s; Kuala Kampar, 15s 3d. Melbourne Sales. —National Bank (£5 paid), £5 17s; Claude Neon, £1 4s fid; Goldsbrough, Mort, £1 4s Id; Electroyltic Zinc (pref.), £2 13s; Loloma, £1 3s 6d; Mount Morgan, 9s lid. Bonds: 4 per cent., 1941, £lOl 6s 3d; 3 per cent., 1956, £IOO 3s 9d; Broken Hill Proprietary (rights), 17s 6d; Australian Iron and Steel (pref,), £1 5s 9d; British Tobacco (pref.), £1 10s 6d; Burns, Pliilp, £2 9s 9d.