COMMERCIAL

Gisborne Herald, Volume LXVII, Issue 20258, 28 May 1940, Page 11

COMMERCIAL

NORTHERN STEAMSHIP A marked improvement in earnings and the restoration of a dividend are the features of the accounts of the Northern Steamship Company, Limitid, for the year ended March 31. Net profit, after providing for depreciation, taxation and contingencies, was £4522, compared with a loss of £7 in the previous year. The directors recommend that £ll2B should be placed to reserve and that a distribution of -j per cent, requiring £3390, should be made to shareholders. This will leave £1044 to be carried forward, against £IO4O brought in. N.Z. SHAREMARKET AUCKLAND, this day. Sales on ’Change: Bank of New Zealand, £2 Os 9cl (3); New Zealand Insurance, £2 Ills Gd; South British Insurance, £2 6s Id; Broken Hill Prop., £2 4s Gd; Broken Hill Prop., £2 4s (2); Consolidated Brick, 8s 9d; Farmers’ Trading, 19s Gd; Radio (193 G), 14s 3d- South British. £2 Gs; Woolworths, Sydney, 17s Gd (2) Bank of New Zealand, £2 0s 8d; New Zealand Insurance, £2 18s Gd; South British, £2 Gs; Broken Hill Prop., £2 4s; G. J. Coles, £3 9s; Woolworths, Sydney, 17s Gd; stock, 15/1/1953-57 U per cent., £IOO 10s; stock, 15/2/1943-46 4 per cent, £IOL , . WELLINGTON, this day. Sales on ’Change: 4 per cent stock, 194 G, £lOl (3). CHRISTCHURCH, this day. Sales on ’Change: Late on Friday, Woolworths Properties, £1 Gs. DUNEDIN, this day. Sales on ’Change: Broken Hill, late on Friday, £2 4s Gd National Insurance, 19s. ___________