COMMERCIAL

Grey River Argus, 6 September 1930, Page 6

COMMERCIAL

(Per Press Association.) AUCKLAND, September -I. Th’ fifth annual report of Renown Collierj“s, Ltd., for the year ended July 31 states that, after mak ng the usual liberal allowance for the depreciation... the net profit for the year amount to £7465, which, under all the circumstances, must be considered hghly satisfactory. Of that sum the directors have tran ferrod £lOOO to re 'serve for income tax. Th* balance has [been use' l to reduce the debit in profit (and l<i y s account to> £3llO. Last year 1 the net profit was £1579. The output and sales for the year ■ just ended totalled 70. 292 tons,, aaga ns| 57.000 tons for the previous twelve months. The gross profit was £23,21'3, as again f £12,. 000 last year, and the expenses C 10,024. against £ll- - Ttip capital of the company has increased from £135;950 te £149,868. TAUP'O TOTARA TIMEF/R CO', (Per Press Association.) AUCKLAND. September 4. The annual report of the Taupo Totara Timber Company, Lid., for the ycar| end'd April 30 states that the [net profit 'amounted to £9214. as again*st £11.390 last year. Preference divi- | dends at the u .ual rate of 7 per cent, j per annum absorbed £8292. No divil ‘lend is to be paid to the holders of ordinary shares. (Aus. & N.Z. Cable Assn.) LONDON, iScptembcr 5. ( Latest metal prices are:—Copper: Standard £47 5-16 and £47 7-16 per ton, electrolytic. £504 and £514, wire bars £514, lead, spot or forwards, £lB 3-16, spelter £l6 1-16 and £164, tin £133 31-16 and £134 37-32, silver 16 9-1 Gd and 18 7-Sd per ounce.