COMMERCIAL

Greymouth Evening Star, 16 May 1934, Page 8

COMMERCIAL

GOLD AND EXCHANGE [BY CABLE —PRESS ASSN. —COPYRIGHT.] LONDON, May 15. To-day's quotations: gold 136/01, dollar 511, franc 77 5-16. STOCKS AND SHARES. AUCKLAND, May 16. Sales: Mahakipawa lid, Talisman 15/6, Taupiri Coal 16/2, Kauri Timber 17/-, Bank of New Zealand 52/-, Stock 1956 £lO7. DUNEDIN,. May 16. Sales reported: North Broken Hill 94/-: New Zealand Breweries 42/-; on ’Change: Bell Kilgour 4d. WELLINGTON, May 16. Sales: Denhard Bakeries pref 21/-, Mossy Creek l/71d, Bank of New Zealand cum. div. 52/3. CHRISTCHURCH, May 16. Stiles: Union Bank of Australia £lO/0/6 (2), N.Z. Loan and Mercantile (ord. stock) £55/5/-, Golden Point Id (5), Mahakipawa lid, Rawang Tin 9/1, Waihi 34/6 (2), Skippers Ltd. (1/- paid) 101 d (11). Reported: Bank New South Wales (cum. div.) £33; Westport Stockton (ord.) 2/3, Okarito 8/5. SUN NEWSPAPERS LTD. CHRISTCHURCH, May 15. The annual meeting of shareholders of Sun Newspapers Ltd was held today, Mr H. D. Acland, Chairman of Directors presiding.

The Chairman, moving the adoption of the report and balance sheet, said that while the trading account had improved by £1231, as compared with the previous year, the advertising revenue, owing to unfavourable business conditions prevailing, had not recovered materially, with result that, the earnings were just about, sufficient to maintain the paper at its accustomed standing, leaving little or no surplus for distribution. The outlook for the future was hopeful. There were indications of steady expansion in tho volume of advertising. The Company’s assets were entirely unencumbered, and the plant and machinery were in good order. Messrs J. J. Dougall and David Jones were elected directors, and Messrs Best and Wilkinson as auditors.