IMPERIAL CHEMICALS

New Zealand Herald, Volume LXXII, Issue 22071, 29 March 1935, Page 7

IMPERIAL CHEMICALS

PROFIT OVER £6,000,000 ORDINARY DIVIDEND RAISED LONDON, March 27 The net profit of Imperial Chemical Industries, Limited, for the year ended December 31, 1934, was £6,349,107, an increase of £347,502 on the 1933 figure. A final dividend of 5i per cent is payable on ordinary shares, making 8 per cent for the year. Deferred shares receive 2 per cent. Nearly a quarter of the gross earnings has been allocated to obsolescence fund and general reserve. A comparison of profits and dividends in the past three years is as follows: — 1932 1933 1934 Net profit £4,729,072 £6,001,605 £6,349,107 Div., prcf. 71 71 71 Ord. 6 7} 8 *Defer'd *Do not rank for dividend until the ordinary shares have received 7 per cent. The company has a capital of £70,000,000, The total distribution to shareholders for the past year will amount to over £5,000,000. The 1933 balance-sheet showed assets aggregating £98,614,657, of which subsidiary companies accounted for over £66,000,000. Imperial Chemical Industries of Australia and New Zealand, Limited, is associated with the company.

STOCK SALES WESTFIELD QUOTATIONS BONER CATTLE IN DEMAND An improved demand for good boner cattle was shown in advajiced prices at the "Westfield weekly stock sale yesterday. There were average yardings of store and dairy cattle offering, and a firm demand for good quality stock j was noted. Store cattle mostly sold at j late rates, but boner bulls advanced considerably in value. The top realisation was £4 17s 6d for a fat bull. Animals in the same class of lesser quality also sold freely. An advertised line of store steers from Waiheke met with a good demand, and wa3 cleared at prices ranging from £5 5s to £6 lis. In the dairy section the top price was £6 7s 6d for a fine Jersey-cross cow, close to profit. A line of Friesian heifers realised up to £6. The prices ruling were:— I Store Cattle.—Young cows, good condi- ; tion. from £2 to £3 15s; good quality, less i condition, 30s to 37s 6d; others, to 255; j boner and aged cows, up to 355; boner bulls, ; up to £4 17s 6d, breeding Jersey bulls, up j to £3 15s; yearling Jersey heifers, good ; quality, up to £2; others, to 255. Dairy Cattle.—Jersey cows, good quality, close to profit, from £4 to £5 10s; more backward,' from £2 5s to £3 10s; more inferior, up to £2; Jersey-cross cows, close to profit, good quality, up to £6 7s 6d; Jersey heifers, good quality, close to profit, £3 5s _to £5 ss; more backward, to £2 15s; Friesian heifers, good quality, up to £6; Shorthorn cows and heifers, good quality, up to £o 7s Gd; more backward, less quality, up to £3 ss; other cows, up to £3. LARGER PUKEKOHE ENTRY [from otjr own correspondent] PUKEKOHE, Thursday The yarding of cattle at the stock sale conducted by the New Zealand Loan and Mercantile Agency Company, Limited, at Pukekohe to-day vras larger than at last sale. Values were on a par with recent quotation?. Quality dairies, close to profit, were again in demand. Bulls also took_ a further advance in values. Best dairy heifers brought from £5 to £5 17s Cd; others, £4 4s to £4 15s; backward, £2 to £2 15s; dairy cows, £3 to £5 7s 6d. The advertised line of in-calf heifers made £2 10s. Heavy prime cows sold from •£5 to £5 7s 6d; medium,' £3 10s to £4 15s; light, £2 103 to £3 ss; killable cowe, £1 15s to £2 ss; boner cows, £1 5s to £1 12s; aged cows, 14s to £l4b ; bulls, £2 7s 6d to. £6, according to weight. Pigs came forward in average numbers and competition was steady* throughout with values for baconers and porkers slightly easier than those ruling at last sale. Stores- and weaners sold at late rates. Choppers realised from £1 to £2 14s; heavy prime baconcrs, £3 6s to £3 14s; medium, £2 18s to £3 ss: light and unfinished, £2 9s to £2 17s; heavy porkers, £2 to £2 8s; medium, £1 14s to £1 19s; light, £1 4s to £1 13s; large stores, 18s to £1 3s; slips, 13s to 17s; best weaners, 8s to *l2s; others, 3s 6d to 7»; . Tamworth boars, l}gns to 2gns. KING COUNTRY OFFERING The Farmers' Co-operative Auctioneering Company, Limited, reports having held its usual stock sale at Otorohanga, wheij a full yarding of store cattle was penned, with a smaller proportion of fat and boner cows. Fat cows showed no alteration, while boners sold at schedule rates. Bulls were again in keen demand. A smaller yarding of sheep accompanied an easing in fat limbs, while other classes remained unaltered. A smaller yarding of pigs sold at lato rates. Quotations: —Cattle: Medium fat cows and heifers. £3 10» to £4; lighter, £2 8s to £3 Is; killable cows, 33s to £2 2s; fresh conditioned Jersey cows, 25s to 30s; boner cows, 10s to 225; potter bulls, 20s to £2 10s. Sheep: Fat lambs, 18s to 19s 6d; fat hoggets, 20s to 225. Pigs: Light porkers, 31s to 345; stores, 20s to 245; slips, 12s to 16s; weaners, 5s 6d to 8s 6d.

SAVINGS BANK INTEREST

FIXED RATE EXTENDED

[BY TELEGRAPH —PRESS ASSOCIATION*] WELLINGTON, Thursday A notice in the Gazette extends the application of an Order-in-Council made on March 20, 1933, fixing the maximum rate of interest payable on savings bank deposits. The maximum rate that may be paid by trustees of any savings bank in respect of any period after March 31, 1935, shall be 3 per cent per annum. As part of the Government's policy of bringing about an . all-round reduction in interest rates, a reduction of the Post Office Savings Bank rate to 3 per cent was made on April 1, 1933. The previous rate was 3J per cent on deposits up to £SOO and 3i per cent on deposits above that amount up to the limit of £2OOO. Concurrently, an Order-in-Council was issued reducing the rate for the trustee savings banks to the same level, namely, 3 per cent. PRICE OF FLOUR. INCREASE IN SYDNE.Y (Received March 28, 1D.5 p.m.) SYDNEY. March 28 The price of flour was increased again to-day by 7s 6d a ton,, owing to the advance in the price of wheat locally by lid a bushel. WHOLESALE EGG PRICES INCREASE OF Id A DOZEN A further increase of Id a dozen in the wholesale price of eggs occurred yesterday. The new values are as follows Hen, first grade, Is 10.id a dozen; B grade, Is 6sd; C grade, Is 2sd; duck, Is Bjd, Is 7*d and Is 3}d. BRITISH WAR LOAN (Received March 28, 6.5 p.m.) British Wireless RUGBY. March 27 ( War loan, 3Jd per cent is quoted today at £lO6, compared with £lO5 10s on March 25. PROPERTY AUCTION Samuel Vaile and Son, Limited, will offer at auction at its rooms, 83 Queen Street, at 2 p.m. to-day, partly improved farm of 53 acres, four miles from Dairy Flat.