COMMERCIAL COMPANY NEWS
Abraham and Williams. —Abraham and Williams, Ltd., Wellington, is paying an unchanged interim dividend of 2i per cent, on April 30 (ex April 25). Total dividend last yeai’ was 5 per cent. South Island Finance. —Shareholders in South Island Finance Corporation, Ltd., are being given the opportunity of paying calls in advance jJHy the £1 paid shares in the company paid to 10s each, subject to the right of the directors to return” such money by giving one month’s notice. .The additional capital thus subscribed, on which a rate of return of 6 per cent., in line with the existing dividend,* will be paid, will be available for the company to finance new business now offering. W. R. Cooke Capital Return. — Shareholders in W. R. Cooke and Son, Ltd., are receiving a return of 9s a Share in capital, leaving the shares at Is fully paid, as a result of capital reor-
ganisation carried out since the company sold its property in Auckland last year. Paid-up capital in the company was formerly £34,000 in shares of 10s each, the latest market price for which was a little more than 15s a share. Since the reorganisation, the market is offering 4s 9d for the Is shares. Paid capital is now £3400.
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Bibliographic details
Greymouth Evening Star, 18 April 1947, Page 3
Word Count
213COMMERCIAL COMPANY NEWS Greymouth Evening Star, 18 April 1947, Page 3
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