COMMERCIAL COMPANY AND MINING NEWS AND REPORTS

Greymouth Evening Star, 27 September 1947, Page 4

COMMERCIAL COMPANY AND MINING NEWS AND REPORTS

Snowy River.—The dredge return this weelc was 131 ounces in 257 hours from 50,000 yards. Ngahere— The Ngahere return for the four‘weeks ended September 26 was 771 ounces from 236,111 yards worked in 486 hours.

British Empire Stocks. —Quotations for British and Dominion Government’s stocks are as under: —Consolidated stock, £B2 12s 6d; Funding loan, £lll 2s 6d; War Loan, £lO2 12s 6d; Conversion loan, £ 103 8s 9d; Victory bonds, £lll Ils 3d; New Zealand, £lOl 3s 9d; New Zealand, £lOO 17s 6d. —London, September 25. London Mining Quotations. —Quotations for mining stocks are as follows: —Broken Hill North, 63s 6d; Zinc Corporation, £5 4s 4>a; Electrolytic Zinc, 535; New Broken' Hill, 36s 4|d. —London, September 25. Forest Products. —After providing £50,000 for taxtiqn the net profit of New Zealand Forest Products, Ltd., for the year ended March 31 was £37,872, an increase of £9604, and the highest on record. The profit is to be carried forward, raising the amount to the credit of the'appropriation account to £93,716. The profit on manufacturing was £103,960, against £89,517 the previous year. Interest and dividends, etc.,. yielded £13,856, a decrease of £ 1530. The amount to the credit of the royalty account is now £86,118, representing a substantial increase to the cash resources. Expenditure on new projects rose to £64,668, an increase of £48,641.

Sales of wallboard cases and timber were a record, and would have reached a higher figure but for shortages of railway wagons, coal and electric power. Lack of shipping tended to restrict export trade. Imperial Chemical Industries.—lmperial Chemical Industries, Ltd., has declared an interim dividend of 3 per cent, on ordinary stock payable on December 1, according to advice received from London by imperial Chemical Industries (N.Z.) Ltd.— (P.A.)

George Court Earnings.—The net earnings of George Court and Sons, Ltd, were £2760 higher at £34,897 for the year ended July 19. The dividend recommended is unchanged at 10 per cent. The profit is struck after full provision for taxation and depreciation. Sales were again a record, the gross earnings rising by £8419 to £201,429. The dividend of 10 per cent, requires £15,000, and £19,897 remains to increase the carry forward to £147,458. t . Guarantee Corporation Ltd. —The directors will recommend the payment of a dividend of 2d a share for the year, plus bonus of 6d a share payable from the investment reserve account, making a total of 8d a share.— (P.AJ