COMMERCIAL

Greymouth Evening Star, 12 November 1932, Page 2

COMMERCIAL

MT. LYELL DIVIDEND. [BY CABLE —PKESB ASSN. —COPYRIGHT.] SYDNEY, November 11. The Mount Lyell Company shows a net profit of £43,980 for the past year, compared with £78,056 for the previous year. The directors have declared a dividend of sixpence per share in Australian currency, absorbing £38,750, which is the first diidend of the company since December, 1931. STOCKS AND SHARES. WELLINGTON, November 12. Reported Sale: Staples 24/-. NEW COMPANY Kotuku Oil and Gold Fields Ltd., Regd. Nov. 1, 1932. Capital: £25,000, in 25,000 shares of £1 each. Subscribers: A. S. Johnson, H. J. Page, G. Barltrop, H. J. Flatt, W. G. Frost, D. E. P. Bradley, E. E. Bayley, 1 share each. Objects: To purchase from the Kotuku Oil Syndicate, mineral prospecting warrant granted 16/8/32 over 1000 acres in Block 2, Brunner Survey District, and plaJnt and machinery on the property, and an option held by the syndicate’s secretary (Harry Milner) in respect of special alluvial claim over 100 acres, being Part Section 2745, Block 2, Brunner Survey District, and machinery and plant suitable for oil well drilling, mining for oil, gold, silver and other ore, metal, and mineral, and incidental. CHRISTCHURCH WOOL SALES. The Christchurch Woolbrokers’ Association announce the dates of their sales and of the closing of their catalogues for the season 1932-33, as follow:—December 14 (close December 7): January 25, 1933 (January IS); February 23 (February 16); March 23 (March 16). Brokers reserve the right to alter closing dates. Brokers desire to draw the attention of growers to the numerous complaints received from buyers of the amount of wet and damp wool offered in previous years, and would ask all growers, in their own interests, to use the utmost care and supervision in seeing that sheep are dry before shearing. Growers are notified that brokers will not accept responsibility for any claims made by buyers for short weight, or damage due to wool being packed wet or damp, and that any claims on such account shall be borne by the grower. Brokers reserve the right to pool or bin clips of up to six bales where wool is sent in by growers to be re-classed. No reserve will be accepted on group or bin lots, and any grower not wishing his odd bales grouped, or binned, must notify his broker when forwarding his wool, in which case such bales will be offered as “stars.”

Growers are expressly notified that irokers’ charges do not cover loss or lamage to wool while in store from ’ire caused by or in any way attributible to earthquake.