DUNLOP-PERDRIAU

New Zealand Herald, Volume LXXII, Issue 22225, 27 September 1935, Page 7

DUNLOP-PERDRIAU

NET PROFIT HALVED COMPARISON OF RESULTS The Dunlop-Perdriau Rubber Company, Limited, Melbourne, reports a net profit of £143,016 for the year ended Juno 30, compared with £287,929 in the previous year. With £53,994 brought into tho accounts, there .is available £197,010. The directors recommend the transfer of £23,000 to taxation reserve, and the payment of the preference dividend of 10 per cent absorbs £93,000, leaving £BI,OIO to be carried forward. No ordinary dividend is recommended. Last year 5 per cent was paid. Following is a comparison of the company's results for the past throe years:— 1933 1934 1935 Brought forward £49,055 £47,348 £53,994 Net profit .. 241,919 287,029 143,016 £290,974 £335,277 £197^010 Taxation res. .. Dividends—t Pref., 10 P.O. 93,000 93,000 93,000 Ord., p.o. ~4 5 Amount 150,626 188,283 - Carried forward £47,348 £53,994 £BI,OIO The directors state that tho trading result is much poorer than was expected, and that tho causo of the decrease in declared profits and the steps taken to remedy the position will bo outlined at the annual meeting. However, the volume of turnover advanced. A complete revaluation of the plant asset of the company has been carried out, and a substantial sum has been written off. GOLD AND SILVER QUOTATIONS IN LONDON (Received September 26. 7,85 p.m.) 'LONDON. Sept. 25 Fino gold is 'quoted to-day at £7 Is Id an oz., compared with £7 Is 6d yesterday. Tho quotation for silver at per fine oz. is 31Jd, compared with 31 gd yesterday. DEMAND FOR FARM HORSES HIGH PRICES IN THE WAIKATO [from our own correspondent] HAMILTON, Thursday That there is still an unsatisfied demand for draught horses in the Waikato was demonstrated at Cloudclands to-day, when up to £49 was paid for useful farm animals at an auction sale conducted by G. W. Vercoe and Company, Limited. There was an entry of 180 animals of all classes, tho majority being broken draughts. There was a large attendance and bidding became more brisk as the sale advanced and a» & better class of farm horse came forward. The best price of £49 wos paid by Mr. C. G. Parry, of Hukuhia, for a bny gelding sold by Mr. J. Geo, of Auckland. A grey mare offered by Mr. G. McNiclde, of Frankton,' was sold, to Mr. R, -T, Harding, of Te IJku. for £4B 108,

Other good prices for draughts were:— Mr. W F. Saunders, Bruntwood, threo-year filly, to Mr. 11. A. Sweeney, PotetonUa, £4(i; Mr, (i, McNic.kle, Prnnkton, bny gelding, O. Pnton, Kornmnlua,.£4s; Mr. J. Prendergnst, Ngarunwahiii, thrVo-year Clydesdale colt, to Mr. C. I'. N. Frost. Tnuhei, 43gns; Mr. G. Gee, Auckland, two geldings, to Mr. 11. Teddy, Waorenga, £'4o each; Mr. \V. G. Moss, Rultuhia, mare, T. Henley, Rukuhin, £4O; Mr. F. Cnird, Whntawhntn, gelding, to Mr. J. T. Bryant, Matangi, £37 10s; Mr. S. E. Henry, To Akau. mare, to Mr. F. Cnird. Whntnwhata, £35. Mr. F. W. Cnrter received £3B 10s for nn U-months filly from Mr. J. Woods, Tnhuna. A mare wns sold by Mr. W. R. Shnttock. Hnmilton, to Mr. J. W. ljeii for £33 10s. Mr. S. Caddigan, Orini, sold a gelding to Mr. T. Duncan, Cnmbridge, for £35 10s, while Mr. T. Kelly, Frankton. received £3fi for a gelding (mm Mr. J. T. Bryant, Mntnngi, Mr. G. McNickle, Frnnkton. sold a mai'e to Mr. L. M. Right, Waitoa, for £37. Other draughts realised from £ls to £33. A polo pony wns sold by Mr. R. Caddigan to Mr. P. W Suckling Icr 17gns. Hivcks were not in demand and sold cheaply. BRITISH RETAIL PRICES (Received September 20, 6.5 p.m.) British Wireless RUGBY, Sept. 25 The value ot rotnil trade sales in Britain in August, 1935, was 4.7 per cent greater than in August, 1934. For the first seven months of the trad-

ing year the total sales showed an increase of 4.9 per cent over tho corresponding period of 1934. Stocks at tho end of August were valued at .8 per cent loss than a year ago and employment was 2.2 por cent greater.