PUKEMIRO COLLIERIES.

New Zealand Herald, Volume LXVII, Issue 20668, 13 September 1930, Page 7

PUKEMIRO COLLIERIES.

DIVIDEND OF 25 PER CENT,

REDUCTION IN PROFITS.

The 19th annual report of the directors of Pukcmiro Collieries, Ltd., for the year ended August 31, 1930, states that making allowance for depreciation, interim dividend (£10,000) and provision for taxation, tho balance available for distribution is £67,730. The directors recommend payment of a dividend of 3s a share, making 25 per cent, for tho year. This will absorb £15,000. and leave £52,730 to be carried forward.

During the year tho company invested £25.000 in Waikato Carbonisation, Ltd., without having to encroach on reserves. The retiring directors, Messrs. J. Catchpole and E. S. Wight, again offer their services.

Following is a summary of the company's results and appropriations for the last three years:—

1928. 1929. 1930. Brought forward £17,240 £50,037 £54.222* Net profits .. 37,791 38.3G5 23.508 £85,037 £88,402 £77,730 Dividend, p.e. 35 35 25 Amount 35,000 35,000 25,000 Carried forward , £50,337 £53.402 £52,730 '(ncludes £Bl9 income tax surplus from 1929. The amounts of net profits shown for each year are the balances after provision for taxation and depreciation, tho respective amounts having been, under tiio former heading £10,600, £II,OOO and £BOOO, while the allowances for depreciation have been £2329, £2215 and £1555. Tho gross earnings were £51,025. a reduction of £18,968 on tho amount for tho previous year. They include £4354 in rent, a decrease of £B6, and £2307 in interest, which is unchanged. The gross profit on the trading account was £44,361. against £63,006 in the previous year. Administration expenses were lower by £469 at £9057, and other charges were £lB higher at £8905. The balance transferred to the appropriation account was £33,063, as against £51,580 in the previous year.

The only liability shown in the balancesheet is (he year's reserve for taxation. Assets amount to £175,750, a decrease of £13.672. The principal alterations are decreases of £30.202 in credit balance with bankers, now £7044, and of £8325 in sundry debtors, now £11,341. The cash reduction is explained by the purchase of shares in the carbonisation company, shown at £25,000. Plant and Inr.fdings and machinery stand at £37,025, a reduction of £175: Anzac Avenue building unchanged at £34.500, and war loan stock again at £50,267.

MARKET REPORTS.

FRUIT AND PRODUCE TRICES.

There were no outstanding changes in the values for fruit at the Auckland City Markets yesterday, A very poor demand existed for apples. Good quality dessert pears brought high prices. Tree tomatoes, lemons and poorman oranges were dull of sale. Choice ripe bananas realised the increased rate of 31s a small case. The field produce market was again heavily supplied with cabbage, lettuce and celery. There were also good stocks of new "potatoes and most other vegetables in season. Owing to the recent cold weather cauliflower were in short supply and realised the high price of 4s to 12s a sack.

Short supplies of poultry met with a keen demand, the prices remaining about level with those realised at the previous sale. The values for eggs wore also unchanged. Adequate supplies sold readily. Farmers' butter continued to realise lid to Is 3d a pound. Following are yesterday's prices:—

FKUIT. Apples Delicious, 4s to 8s a case; Sturniers, Gs to Ss Gd; Dougherty, 4a to 7s 6d; Munroes, 4s to Gs; Ballarats, Gs 6<l to 7s; Granny Smiths, 7s Gd to 9s Gd; Pride of Australia, 4s 6d to Ss; Rome Beauty, 4s to Gs Gd; Pears, Nellis, 9s to 13s: P. Barrys, 5s to 7s 6d; Eastei Beurres, 4*i 6d to 5s Gd; hothouse tomatoes. 8d to Is 3d per lb.; Island tomatoes, 10s to 12s a case; tree tomatoes, 2s 6d to Gs; dark variety. Gs to Ss; lemons, choice, cured, 10s to 12s; others, tree ripe. 4s to 7s 6d; passions, local, ?s to 13s; Australian. lGs to 20s; grapefruit, local, large sizes, picked counts, 9s to 10s; medium and small. 5s to Gs; poorman oranpes, large. Gs to 7s; small, 2s to as; oranges. Island re-, packs, according to counts, 13s to 19s; Australian navels, lis to 14s Gd; Mediterranean sweet, 9s to 9s Gd; mandarins, 8s to 10s; pines, 14s to ]Ss; grapes, Californian, White Malagas. 14s to lGs a case: wet condition, Gs to 10s; bananas, choice, firm, ripe, No. 1, up to 31s a email case- medium, 225.

FIELD PRODUCE

Potatoes, Southern, Gs Gd to 7s per cwt.; new. 2d to 33d per lb.; onions, American, 17s to £1 a crate; local. Qs to 7s Gd a bag; kumaras, Island, lis per cwt.; Tauranca. 10s to lis; cabbage. Is to 6s a sack; cauliflower, 4s to 12s; swedes. Is to Is Gd a bag: pumpkins, 12s to £1 per cwt.; beans, hothouse. Is Gd to 2s 3d per lb.; lettuce. Is to Gs a case; cucumbers, hothouse, Gs to 93 a dozen-, vegetable marrows, 2s to 3s; cabbage, on benches. 9d to Is 6d; cauliflower, on benches. 2s to 9s; celery, 6d to 3s a bundle; rhubarb. 2s to 3s Gd a- dozen: spinach, Is to Is Gd: pumpkins, on benches, Is to 2s Gd each; radish. Is a dozen; spring onions, 3d to la a bundle; carrots, parsnips, beet and turnips. Is to Is 9.d a dozen; asparagus. I 3 to 3s a bundle; leeks, 2d to Gd a bundlo. POULTRY. Cockerels, heavy, prime, Gs to 7s Gd each; not prime, 3s 6d upward; light, prime, 4s to ss; not prime, 3s upwards; fat "roosters, heavy, prime, 2s Gd to 4s; light, 2s to 2s Gd; fat liens, heavy. 3s fid to 4s 9d; light. Ss to 4s; pul.lets, heavy, best. 4* to Gs; smaller, 2s Gd upward; light, best, 4s Gd to as Gd- smaller 2a upwards; drakes, young, prime, 3s to 4s Gd; old, 2s to 3s; ducks, young. 3s to 4s; old, 2s to .is; geese, is Gd to Gs; turkey hens, 5s M to 9.a • pobblers 10s to 18s G<l: cockerel chicks, heavy. Gd to Is Gd; light. 2d to Is 3d: d»yold Black Orpington and Leghorn chicks. 9(1 io la;' guinea fowls, 4s to ss; duckling» 9d to Is 3d.

DAIRY PRODUCE. Hen eggs, special quality, A grade, 1« 4(1- A grade. Is 3d- B grade. Is 2d. O gra'dn Is Id; duck eggs, special quality, l, Id': A and B grade, Is: C grade, lid; farmers' butter, lid to I s