PUKEMIRO COAL

New Zealand Herald, Volume LXXII, Issue 22211, 11 September 1935, Page 9

PUKEMIRO COAL

RESULTS MUCH IMPROVED DIVIDEND OF 6 PER CENT BETTER TRADING CONDITIONS A net profit of £8865, after providing £IBOO for depreciation and £3450 for income tax, is shown in the accounts of Pukemiro Collieries, Limited, for the year ended August 31. This compares with losses of £5025 in the previous year and £7036 in 1933. The dividend is increased from 2J per cent to 6 per cent. With £33,446 brought into the accounts, there is £42,311 available. Dividend absorbs £6OOO, leaving £36,311 to be carried forward. The directors attribute the satisfactory result to improved trading conditions during the last six months of the year. Regret is expressed at the death of Mr. George Howie, a director for 23 years. The vacancy on the board,was filled by the appointment of Mr. A. W. G. Le Quesne. Reference also is made to the death of Mr. G. Pollock, who had been secretary for over 12 years, and the directors pay a tribute to the manner in which he carried out his duties. Tho retiring directors, Messrs. A. Howey Walker and Le Quesne, are available for re-election. ' Following is a summary of the company's results and appropriations aver the past three years: — 1933 1934 1935 Brought forward £53,007* £40,971 £33,446 Net profit .. 7,036t 5,025t 8,865 £45,971 £35.946 £42,311 Dividend, p.o. .5 2} G Amount .. 5,000 2,500 6,000 £40,971 £33,446 £36,311 'lncome tax surplus, £l3l. tLoss. The gross profit for the year was £20,575, compared with £3237 in the previous period. Interest, rents and other receipts totalled £4198, against £4706. Expenses were £625 lower at £10,658. Chief items in the balance-sheet are: — ' LIABILITIES £ £ Capital .. .. 100,000 Reserves .. •. 4,459 +3,4n0 Creditors .. .. 1,699 -239 Appropriation acc. . 42,311 +6,360 ASSETS Property, plant, etc. 73,456 -1,800 Investments . • 54,950 Stocks .. .. 1.481 +67 Debtors .. .. 14.053 "+5,717 Bank .. •• 4,487 +1.696 Assets total £148,469, an increase of £5676. » WHITTOME, STEVENSON r i LOSS TURNED TO PROFIT DIVIDEND OF 1\ PER CENT The accounts of Whittome, Stevenson and Company, Limited, condimentors, for the year ended June 30 show a net profit of £937, compared with tosses of £535 in the previous year and £I7OO in 1932-33. The profit is struck after providing £644 for depreciation and writing off all bad debts and discounts on sundry debtors. The directors recommend a dividend of 6d a share, equal to 2} per cent, and y the transfer of £2OOO from reserves to the profit and loss appropriation account, which, after payment of dividend, will be £155 in credit. No dividends were paid in the two previous years, but the company distributed 3 per cent in 1932 and 1931 and 8 per cent in *1936. The directors report that sales increased considerably. Stocks, although conservatively valued, are higher than last year. This is accounted for by the large stocks of fruit pulp and j tins which must bo held for the manu* | facture of jam.

THE CITY MARKETS ! FAIR DEMAND FOR FRUIT r PUMPKINS STILL SCARCE * rApples, pears, oranges, grapes and hothouse tomatoes met with a fair demand at the City Markets yesterday, but pineapples were slow of sale. Island tomatoes were cheaper and lemons were hard to quit. l The demand for grapefruit was much improved. In the vegetable section, pumpkins were scarce and values increased. Cabbage and cauliflower were also in short supply, the demand being keen. Asparagus was more plentiful, but good lines of rhubarb were difficult to obtain. The supply of poultry was medium and the demand for table birds keen. Prices for several lines fell. Values were: — FRUIT Apples, Dougherty, Gs to 7s Gd a case; Winesap, 8s to 9s 6d; Delicious, 6s 6d to 10s; Sturmer, 6s to 9s; Granny Smith, 7s to 9s 6d; peara, Coles and Nelis, threequarter cases, 7s Gd to 8s 6d; bushel cases, 9s to 10s; Peter Barry, three-quarter cases, Gs Gd to 8s 6d; plums, 17s; oranges,- South Australian. 17s Gd to 245; Island, lfis Gd to 225; lemons, cured, 4s to 6s; others, 2s to 3s; mandarins, 255; grapefruit, New Zealand, large, 5s to 6s; smnll, 4s; Californinn, 82s Gd; tomatoes, Island, 5s to 8s; hothouse, 7d to Is 3Jd a lb.; bananas, 17s to 21s; tree tomatoes, 4s to 8s; pines, Queensland, 15s to 16s fid; grapes, Californian, black. 27s Gd: white, 38s; coconuts, lis a sack. FIELD PRODUCE Potatoes, new, 2Jd to 3}d per lb.; No. 2. lid to 2d per Ih.; southern whites, 9s to 9s Gd; a bag; reds, 10s to 10s 6d a bag; swedes, Otahubu. 3s 6d to 4s a bag; local, 2s Gd to 3s a bag; cnions, Californian, 22s a bag of 1001b.; local, lis to 12s a sugar bag; kumaras, Tauranga, 3s 6d to 4s ild a bag: Island. 9s to 10s per cwt.; cabbages. No. 1. 9s to 13s a unck; others. 4s to 6s a sack; on benches, 2s to 3s per dozen; cauliflowers, 5s to 9s a sack; on benches, 2s 6d Jo 4s a dozen; pumpkins, No. 1, 10s per cwt.; others, 4s to 6s per cwt.; cucumbers, hothouse. 4s to 5s a dozen: carrots, 6d to-9d a dozen; parsnips, Is 6d a dozen; beet, Is a dozen; turnips, la a dozen; radish, Gd a dozen; spring onions, 4d to 6d a bundle; spinach, Is to Is 6d a dozen; leeks, 3s to 4s a dozen; green peas, lid to Is 3d per lb.; French beans. Island, 4s to 5s a ease; melons, citrons, fid to 9d each; lettuce, 2s to 7s a esse; celery, cooking, 9d to Is a bundle; dessert, Is Gd to 2s 3d a bundle; rhubarb, 3s to 4s a dozen; asparagus. Is to Is 9d a bundle.

POTTLTRY Cockerels, heavy bipeds, prime, 4s to fis fid each; not prime, 2s fid up; light breeds, prime, 3s to Is; not prime. Is fid up; fat roosters, heavy breeds, prime, 2s to 3s; light breeds, Is fid to 2s; fat, hens, heavy breeds,. 3s to 4s 3d; light breeds, 2s fid to 3s 3d: pullets, heavy breeds, best, 3s fid to 4s fid; smaller. Is .fid up: light breeds, best, 3s to 4s; smaller, la fid up; drakes, young, prime, 2s fid to 8s fid: smaller, Is fid up; old, Is fid to 2s fid: ducks, young, 2s fid to 3s fid; old. Is fid to 2s fid: turkey hens, 5s fid to fis fid; gobblers, 7s to 12s {\d: cockerel chicks, heavy breeds, 3d to Is; light breeds, Id to 10d; day-old chicks, Black Orpington, fid to 9d: Leghorn, fid to 9d; guinea fowls, 3s to 3s fid.

TALLOW STATISTICS LONDON, Sept. 9 The statistical position of tallow at the close of August, com oared with previous periods, was as follows: — May Juno July August Tons Tons Tons Tons Stocks .. 357 427 693 10fi9 Imports .. 428 318 398 653 Deliveriei .. 534 248 132 277.