COMMERCIAL

Grey River Argus, 4 December 1940, Page 10

COMMERCIAL

STOCK EXCHANGES. WELLINGTON, December 3. Sales: Bank of Zealand 41s 6d, New Zealand Guarantee Corporation 2s 9d, Colonial Sugar £52.’ Reported: National Bank of New Zealand 37s 3d, McKenzie’s Department Stores 455, Wilson’s Cement 18s 9d, Waihi Investments 4s 4d. CHRISTCHURCH, December 3. Sales: Dunlop Perdriau 20s 7d (2). TIMARU WOOLLEN CO. WELLINGTON, December 3. The Stock Exchange Association has been advised that the Timaru Worsted and Woollen Co., Ltd., has declared a dividend of 6 per cent, for the year ended October 19, payable on December 18. i KAURI TIMBER CO.. Profit of Kauri Timber Company, Ltd., and its subsidiary companies for the year ended August 31, amounted to £59,544, compared with £65,574 in the year before. Of this latest profit which is struck after providing £25,990 for depreciation (£22.434 last year), £41,729 is derived from trading and £17,825 from general investments, compared with £40.884 and £15,790 respectively. The parent company shows for the year a profit of £47,169, compared with £45,806 last year and £50.283 in 1937-38. Unchanged dividend of 6 per cent, requires £45,000, leaving £15,063 to be carried forward, against £12,894 brought in. Latest profit is made up of £30,001 from general investments, and £9926 income from investments in subsidiary companies. Consolidated balance-sheet shows sundry creditors £138,002 £140,979 last year), reserves £222,225 (£212,427), profit and loss account £64,068 (£73,000). subsidiaries’ capital £125.228 (£147,097), fixed assets £535,724 (£518,473), stock £425.,947 (£461,842), and debtors £lBB 546 (£208.050). (Received December 3, 7 p.m.) SYDNEY, December 3.

Stock Exchange sales to-day were: Bonds, 4 per cent., 1941 £lOO 5s 8d; 4 per cent., 1961, £109; Bank of New South Wales £2B ss; Toohey’s Brewery 29s 6d; Tooth’s Brewery 53s 3d; Anthony Hordern 13s 9d; ditto pref. 21s; Australasian Paper 33s 3d; Cash Orders 18s lid.