COMMERCIAL

Gisborne Herald, Volume LXVII, Issue 20142, 11 January 1940, Page 12

COMMERCIAL

AUSTRALIAN SHARES IN DUSTRIA LS J MPROVE (Elec. Tel. Copyright—United Press Assn.) SYDNEY. Jan. 9. Business in industrial shares improved slightly to-day on the Sydney Stock Exchange. There was a good demand for Fijian gold and Barrier shares. Sales included:-—Bank of Australasia. £8 ss; Associated News, 15s 6d; Huddart-Parker, £2 18s; Gibson and Howes, £1 13s 3d; G. J. Coles, £3 15s Gd; Woolworths, Limited, £1 2s; Anthony Hordern, 14s 9d; Kandos Cement. £1 10s; Mort’s Dock, 17s 9d: Standard Cement, £1 Is; Henry Jones, £2 17s 9d: Electrolytic Zinc, pref.. New Zealand delivery, £3 Is 9d; Broken Hill Proprietary, New Zealand delivery, £4 2s; Emperor Gold. 15s; Loloma Mines. £1 12s Gd. Morning sales included: Bank of New South Wales, £27; Toohey’s Brewery, 29s 9d; Australian Gas “A,” £6 19s Gd; Anthony Hordern, 14s sd; Australian Consolidated. Industries. 39s ltd; Australian Iron and Steel, pref.f 2Gs 9d; British Tobacco, 50s 9d; Broken Hill Proprietary, 81s 9d. Sales on the Stock Exchange of Melbourne to-day included: Commercial Bank of Australia, 14s lOd; Australian Consolidated Industries, £1 19s Id: .G. J. Coles, £3 15s Gd; Electrolytic Zinc, £3; Mount Lyell, £1 9s 3d; Broken Hill Proprietary, £4 Is 9d; New Broken Hill Consolidated, £1 Is 4d; Placer Development, £4 2s; Emperor Gold. 14s 10d; Loloma Mines, £1 13s. BROKEN HILL LTD. BONUS SHARE ISSUE The Broken Hill Proprietary Company, Limited, has cabled the Stock Exchange Association stating that the resolutions submitted to the extraordinary general meeting of shareholders were adopted. Transfer books of the company will be closed from Tuesday, January 16. at 3 o’clock, till Friday, January 26, at 3 o'clock, for the purpose of determining the persons entitled to the allotment of new shares. The extraordinary general meeting was called to sanction proposals to revise the memorandum and articles of association and to increase the nominal capital from £15,000,000 to £25,000,000. The bonus issue of £4,459,790, on the basis of G 4 new shares for every 100 shares now held, representing capitalisation of share premiums paid on new issues, will now be proceeded with. In determining the number of shares to which each shareholder is 1 entitled, fractional parts of less than one share will be disregarded. Shareholders will have to adjust their holdings in the meantime if they do not want to lose fractions of a share. The increase in the nominal capital by the creation of 10,000,000 new shares of £1 each is made necessary because the new share issue of 64 for 100 will absorb the major portion of the company’s present unissued share capital. ELECTROLYTIC ZINC SAME INTERIM DIVIDEND The Electrolytic Zinc Company of Australia, Limited, has advised the Stock Exchange Association that the directors had declared a dividend of 6 per cent for the half-year ended December 31, 1939, payable on March 15, on both the preference and the 'ordinary shares. Transfer books will close on January 23 and reopen on January 25. The dividend is payable to shareholders registered on January 24. The interim dividend is at an unchanged rate. A final dividend of 9 per cent paid last September made the total distribution for the year ended June 30, 1939, 15 per cent, the same as for the previous year. WOOLWORTHS LIMITED PREFERENCE DIVIDENDS Woolworths, Limited, has advised the Stock Exchange Asociation that the following preference dividends are payable on February 15: —Half-yearly dividend of 5 per cent on the paid-up 10 per cent preference share capital; half-yearly dividend of 3£ per cent on the paid-up 7 per cent preference share capital. The preference share transfer books of the company will be closed from January 18 to 31, both days inclusive. G. J. COLES DIVIDEND G. J. Coles and Company, Limited, has advised the Stock Exchange Association that the transfer book for ordinary shares numbered consecutively from 1 to 850,000, and 1,000,001 to 1,226,265 inclusive, will close January 20 at 12 noon, till January 22, in connection with the interim dividend for the half-year ended December 31. The dividend will be paid on Friday, February 2. i.C.I. DIVIDEND Imperial Chemical Industries of Australia and New Zealand, Limited, has advised the Stock Exchange Association that a dividend for the halfyear ended January 31, at the rate of 5 per cent per annum, will be paid on that date. The preference share register will be closed from January 17 to 31, both days inclusive, for the purpose of paying the dividend. N.Z. INSURANCE CO., LTD. The directors of the New Zealand Insurance Company, Limited, have declared an interim dividend of Is a share for the half-year eticjpd November 30, payable on February 14. Distribution is at the usual rate of 10 per cent per annum,