BANK DIVIDEND

New Zealand Herald, Volume LXXI, Issue 21935, 19 October 1934, Page 7

BANK DIVIDEND

NATIONAL OF AUSTRALASIA NO CHANGE IN RATE The board of directors of the National Bank of Australasia, Limited, Melbourne, has decided to pay an interim dividend for the half-year ended September 30 at the rate of 5 per cent per annum on both the £5 paid and the £lO shares. The proposed distribution, which is at the same rate as that paid in the past two years, will be made on November 28. FARMERS' TRADING CO. SUCCESSFUL HALF-YEAR 'The Farmers' Trading Company, Limited, reports that for the first six months of its financial year, ended September 30, retail sales were up by £46,200, and tho net profit showed a substantial increase over that of the same period last year. Country brandies, and particularly the Queen Street store, shared in the improved conditions and are showing better profits. AUSTRALIAN GLASS INTERIM DIVIDEND RAISED The directors of Australian Glass Manufacturers Company, Limited, have declared an interim dividend of 4-J per cent on the 9 per cent preference shares and of 5 per-cent on ordinary shares for the half-year ended September 30. Payment will bo made on December 1. The dividend -on ordinary shares coinpares with 4 per cent for the corresponding half-year of 1933. For the financial year ended March 31. 1934, a dividend of 9 per cent was distributed on ordinary shares. The preference payment is at the usual rate. MERCANTILE FINANCE PROGRESS OF LIQUIDATION Tho report of the liquidator of the Mercantile Finance Corporation, Limited, Christchurch, to a general meeting of ordinary shareholders last week, stated that during the year the prefer"ence shareholders had their capital repaid in full, and a payment of 2s (3d had been made to holders of the £1 fully-paid ordinary shares. The company, which was formed eight years ago, went into voluntary liquidation in April, 1933. It had a paid capital of £49,733, including 3925 £1 cumulative 7 per cent preference shares.

GAS DEBENTURES CHRISTCHURCH REDEMPTION [BY. TELEGRAPH —PRESS ASSOCIATION'] CHRISTCHURCII, Thursday The Christchurch Gas Company, Limited, has advised the Stock Exchange Association that the company's debentures maturing on November 1 will be paid on the due date. The company has debentures outstanding amounting to £IOO,OOO at o\ per cent, free of income tax, of which about £75.000 are redeemable on November .1 and the balance in 11)38. AUSTRALIAN PRODUCE (Received October 18.. 8.5 p.m.) / SYDNEY, Oct. 18 Following are to-day's quotations on tho Sydney produce market:—Wheat— At country sidings, 2s 2d, bagged and bulk, equal to about 2s 9d and 2s lOd, ex trucks, Sydney. Flour, £8 os. Bran, £5. Pollard, £5 ss. Potatoes —Tasmanian, £18; Victorian, £ls; local, new, £l4. Onions—Victorian Brown Spanish, £lO 10s. Maize —Yellow and white, 3s 3d. Adelaide quotations are: —Wheat—Growers' lots, 2s s)}d. Flour—Bakers' jots, £8 10s. Bran and pollard, £5 ss. Oats —Algerian, 2s 3d. Barley, 2s 9d.