WILSONS (N.Z.) CEMENT.

New Zealand Herald, Volume LXVI, Issue 20257, 17 May 1929, Page 9

WILSONS (N.Z.) CEMENT.

DIVIDEND OF 10 PER CENT/ y

ADDITIONS TO RESERVES. The eleventh annual report of Wilsons (N.Z.) Portland Cement, Limited, to ba presented to shareholders on June 5, states that the net profit for the year, after making ample provision for depreciation, bad debts and taxes, is £85,586. To this is added tho balance brought forward from last year, £60,656, and, deducting tho interim dividend paid, £30,000, there remains available for appropriation £116,252. Tho directors recommend payment of a dividend at the rate of 10 per cent, for the year and a transfer to reserves of £25,000, leaving a balance to bo carried forward of £61,252. The retiring directors, Sir George Elliot, Messrs. C. Rhodes and li. E. Williams, are nominated for re-election. Following is a comparison of tho company's results and appropriations for the last three years:— 192G-27 1927-2 S. 3928-29: Brought forward £54,212 £57,421 £60,666 Net profits .. 68,208 58.215 85,586 > £142.421 £145,666 £140,25*2 Dividend 10 p.c. . 60,000 60,000 60,000 To reserve .. 25,000 25,000 25,000 Carried forward £57,4*21 £00,660 £01,252 With the present addition the reserve fund will be £IOO,OOO. The marine insni- _ ance account now stands at £32,830, an increase of £2643. In each of the three preceding years, the addition to this reservo was £6611. Including the balance in the profit and loss account, shareholders' funds amount to £824,083,. an increase of £28,050. The only liability is to creditors, including income tax, £58,397, which is less by £11,961, than a year ago. Two years ago tho amount was £104,039; it is now tho lowest for a long period. Tlie valuation of land, plant and other fixed assets has been further reduced by £59,350 to £347,561. Stocks and stores are higher by £10,863 at £76,995, and sundry debtors have increased by £19,632 to £76,582. Wilson Collieries shares and / Government inscribed stock, shown in previous balance-sheets in one sum, arc now entered separately at £49,993 and £272,815 respectively, a total of £322,808, which is £5544 more than last year. Cash and bank balances at £58,533 show an increase of £39,400. The total amount of assets is £882,480, an increase of £16,089. THE MARKET BASKET. RETAIL FOOD PRICES. A GUIDE TO HOUSEWIVES. Prices of food supplies this week, with the exception of fruit and vegetables, re main practically unchanged. Fish is very scarce. In the fruit section Sturmer and Grannie Smith apples are now available. Hothouse tomatoes have increased to Is to Is 2d per lb. New supplies of Sydney navels are selling at 2s to 2s 6d a dozen. Louis Jersey pears are not available, while Nelis pears bring 6d per lb. Mandarines and pineapples, which were not offered last week, are now available. In the vegetable section potatoes are slightly ' dearer, selling at 81b for Is. Hothouse cucumbers realise 8d to lOd each. Duck eggs have increased to 2s 6d a dozen, while hen eggs remain at 3s a' dozen. • Following are the prices for the week: — MEAT. , Beef.—Sirloin, lOd per lb; rump steak, Is 2d; beef steak, 8d; rolled chuck rib, 7d; prime rib, 7d; wing rib, 9d; corned round, 8d; tripe and dripping, 7d; suet and sausages, Gd; sausage meat, s<i; gravy beef and shin meat, Gd; topside and flank, 7d. Mutton.—Leg, 9d; shank end, lOd; hindquarters, 9d; forequarters, 7d; forequarter shank end, 7d; shoulder 7£<L* neck. 7£d; loin, lOd; neck and breast, 6d; leg and loin chops, lid; neck chops, 8d; flap. 4d; cutlets, trimmed, is Id. 1 Lamb.—Spring lamb: Leg, Is 4d; loin and hindquarters, Is 3d; forequarter. Is, Old lamb: Leg, Is 2d; loin. Is; forequarter. "<3. Veal.—Loin, 9d; shoulders, 7d; cutlets and veal steak, Is; forequarters, 6d. Pork.—Leg, 10d; loin, lid; pork chops Is; pork sausages, Sd. FISH. Fresh fish, fillets, terakihi, large, 3d each; schnapper, 4}d; trevalli, 3d; John Dory, 4d; kingfish, 6d; kippered fillets. Is per Iblemou fish, 8d; roe. Is 6d; gurnard and cream fish, 2d each; mussels, Is 6d a dozenschnapper, fresh, small. 4d eachterakihi, 4d; trevalli, 4d_; mullet, 6d; flounder, Is; hapuku steaks. Is per lb; fins,. 6d: kingfish steaks, 6d- best terakihi. smoked, 8d; schnapper. smoked. lOd; roe, smoked, 2s; mullet, Bmoked, 9d; trevalli, ■ smoked, 7d; silver strip, ; r d; crayfish, tidrabbits, lid each. • . BRUIT. Apples.—Cooking Munroes and- Ballarat. 3d to 4d; Jonathan. Delicious, Gd; Sturmers, 4d to 6d: Grannie Smith, sd. Lemons.—Local, 6to 8 for Is; Sunkist, Is Gd to 28 a dozen. Tomatoes.—Up to Gd per lb: hothouse, 1« to Is 2d. Bananas.—sd "to 6d per lb. Oranges.—Navel, 2s to 3s a dozen; Island, 2s Gd: Sydney Navels, 2s to 2s (id. Hothouse Grapes.—2s to 33 per lb. Pears. —Nelis, Gd; Coles, Gd; cooking. Vicars, 3d to 4d. Persimmons.—ls to 2s Gd a dozen. Passion Fruit.—Bd to Is a dozen. ' * Tree Tomatoes.—Gd to 8d per lb. Mandarines.—ls to 2s Gd. Pineapples.—2s to 2s Gd each. VEGETABLES. Potatoes.—Blb for la. Onions.—lid to 2d per lb. /Lettuce. —3d to 4a each Cabbage.—4d to lOd each. Rhubarb.—4d a bundle. Beans.—sd per lb. Vegetable Marrowß.—3d to Od each. Celery.—sd to 9d -each Kumaras. —2d per lb. Spinach.—2d a bundle. Cauliflowers.—Bd to Is each. Cucumbers.—Hothouse. 8d to led each. BACON AND HAM. Bacon.—Shoulder rashers. Is per lb: best rib rashers. Is Gd; by pieces. Is sd; shoulder cuts, BJd to Is Id. Hams.—Whole, 3s 2d per lb; in rashers, Is 7d; cooked, 2s 2d; shoulders, cooked. Is 9d. BUTTER AND CHEESE. Butter.—Factory, first grade, Is 8d per lb; second grade, Is Gd; farmers'. Is 4d; bulk butter. Is 7d per lb. Cheese.—Ordinary. Is 2d per lb; more matured. Is 4d EGGS Hen.—3s a dozen. Duck.-—2s Gd a dozen.