COMMERCIAL COMPANY NEWS

Greymouth Evening Star, 2 September 1949, Page 6

COMMERCIAL COMPANY NEWS

Beath and Co. —The directors, of this company recommend final dividends of per cent, on preference shares and 5 per cent, on ordinary shares, making 5 pbr cent, and 10 per cent, respectively, for the full year ended on August 19. The rates are. unchanged. The transfer of £25,000 to the general reserve is also recommended. Books close from September 16 to September 29. Auckland Farmers’ Freezing.—A fall of £2549 in net profit to £14,652 is reported by the Auckland Farmers’ Freezing Company, Ltd, for the year ended June 30. This is £491 short of dividend requirements at the imchanged rate of 51 per cent. The result is almost equal to that of two years ago. The amount carried forward is £8730 against £9221 brought in. The balancing total is £1,229,430 against £ 1,108,886 a year ago. J. J. Niven Increased Dividend. — After providing £68,800 for taxation, the accounts of J. J. Niven and Coinpany, Ltd, show a net profit of £46,445, compared with £40,937 last year, which, with £24,448 brought forward, . gives £70,933 available for disposal. Directors, recommend payment of a dividend at the rate of 10 per cent., absorbing £21,667, the transfer to general reserve of £13,766 (bringing this reserve to a total of £110,000), and the carrying forwatd of £35,500. The dividend last year was 7 j per cent.