COMMERCIAL.

New Zealand Herald, Volume XVI, Issue 5397, 5 March 1879, Page 2

COMMERCIAL.

New Zealand Herald Office, Tuesday evening. The Customs receipts yesterday were £87: 19a Id ; and to-day, £449 4s XOd. GUTEIKIE, LARNACK AND CO. The shareholders of the Guthrie, Larnach an( Co. New Zealand Timber and Woodenwan Company met on Monday, in Dunedin, when th< directors presented their report and balance sheet for the nine months ending December 31 IS7S. The report states : — The net profit r\ili«ed on the nino month?* Amount 1 * to £24,033 Si 6d, which the directors recom mend slioul i be appropriated as follows : —Divideac at the rate of 10 per cent, per annum, £12,926 8* 7«1 bonus at tha rata of 2} per cent, por annum, £324$ ISs lid ; carrying to reserve fund, which will thet stind at £12,0?0. £7000 ; balance carried forward £$57 IG*. In regird to these proliis, the directors be< to siy in the moat marked mannner that the}* liav« bfteu legitimately earned and reckoned, after writing off bad debts and making allowance far doubt ful debts, as well as every o'.hjr propar depreciation. As explained to the shareholders by circular in Augus last, the directors deemed it expedient to call up tin unpaid subscribed cap.tal, as provided in the article; of astociation, to enable them to take advantage o what former experience indie ited wjuld be a raos i favourable opportunity for buyers in the home markets and otherwise to foster the company growing business and they have pleasure in being able to re .>ort that th< c tils were promptly met, only £4112 10* remaining 1 unpaid out of a total of £210,055 culled up capital The company's trade continues to be of a stcidilj progressive character, and it hits lately been fount necessary to considerably extend tbo floor spaco.o the factory, although the building was pronouncec by many to be vastly out of proportion to trade re quirements when erected three years «go. Th* sale: of me chandise at Dunedin also shew vory satisfac torily; those for the q ar er ending 3lst Decembei having amounted to over £103,0-'O, and the averagf monthly sales for the niuo months to over £2S,CO>. Ths 76G9 .shares unallotted will beoffered to intending purchasers at *.0s premium, on the following terms, viz.—2os on application. 20s on allotment, and the baUnce by four payments of 23s each, payable at intervals of three months. Appllcitious will bo re' ceived at the bead oflise and branches, and it is nol inteuded that any material outlay should be in carrel in eonnec'ion therewith, as thrt shares eventually to b-cotne iargely enhanced in value ; for, apar; from the han-lsome profits which the bu-iiness has made, and h capable of sustaining, tbc accrue-: reserve fund, and increase in value of iands held by the compiny thould exceed £50,000, or more that equal to the premium on the eutiro issue of shares. The following is the balance-sheet:— Liabilities —Capital, £250,000;—le?s unallotted shares. £30 345 ; and arrears of calls, £4112 10s total, £43,457 10s; —balance, £206,542 10s; b.lis pay able. £146,i&S 2s 3 1; Bank of New Zealand, £37.34( 2* lid; open cred ts per le'gers, £IG,SIS 5* 3J; w\*gei, rents, interest, Ac., due at this date, £3605 lis 6d di count on unsecured book debts and bills receivable on hand, £1209 16j Id; depreciation, £1514 10s; Lon don and branch drafts in transitu, £14.721 7s 91 res rv-j, £500); dividends unpaid, .C 3 9s 4d; profil and loss account, £24.033 3s 61: total, £487,771 ISsCi. Avsets. — Stock-in-trade, £230,095 8? 91; booi debts, secured and unsecured, £91,051 194 51 : bill; receivab'e in hand,£10,474 lis Sd ; cash in hand and at branches, £793 5s Id ; remittances in transitu, £775 ; freeholds and leaseholds at Dunedin ani branch©*, and goodwill paid to Guthrie and Larrt&ch, £50,229 Is 9' ; buildings, machinery, and premise* at Duaedin and branches, £57.00} 17s 5d ; Manakau Bush Mills, freeholds and leaseholds, £24.733 12s 9i ships, £15,515 10s Sd; horses, drays, harness, and bullocks, £2179 Is 2d ; office furniture, itatiouerr revenue and postage stamps, £1665 123 5d ; shares ir other companies, £(sts; insurance policies unexpired and rebate on bills payahle, &c., £2033 0i 4d : charges on consignments, &c., £161 17s Id; totil, £487,771 IS? Gd. Contingent liability ; Bills undei discount, £109,951 10s Id. DIVIDENDS AND CALLS. The following are tho curreutdividends and calls in the undermentioned companies;—* Dividend— £3. d. When due. Thames Gas .. ..016 — Mar. 6 Colonial Bank .. .. S per cent. Now due. N.Z.Loan & Mercantile 15 per cent. Now due. Auckland Steamship .. 10 per cent. Mar. 10 Guthrie and Larnach's Co. (Limited) .. 12} per cent. Mir. 10 Calls— Eureka and Clune3 .. 0 0 6 — Mar. 1 Prince Imperial ..0 1 0 — Mar. 12 Old Golden Calf ..0 1 0 — Mar. 12 Cor.-inandol Steamboat 0 5 0 — Mar 15 Pride of Tokatea ..0 0 6 — Mar. 21 Congress .. .. 0 0 3 — April 1