TATTERSFIELD, LIMITED

New Zealand Herald, Volume LXXII, Issue 22250, 26 October 1935, Page 9

TATTERSFIELD, LIMITED

LARGER EARNINGS INCREASE IN DIVIDEND A net profit of £7708, compared with £6361 in the previous year, is shown in the accounts of Tattersfield, Limited, for the year ended September 19. Dividend is increased from 6 per cent to GJ per cent. Provision has been made for depreciation and bad and doubtful debts. Dividend will absorb £3575, a transfer of £3250 is made to taxation reserve, and £350 is provided for directors' fees, leaving £3640 to be earned forward. against £3107 brought forward.

The retiring directors, .Mrs. E. S. Tattersfield and .Mr. R. G. Clark, offer themselves for re-election. The total assets are £10,696 lower at £98,395, the decline being accounted for largely by a decrease in stocks.

UNITED BUILDING CHAIRMAN'S ANNUAL REVIEW LOW WORKING CHARGES The 29th annual meeting of the United Permanent Buiidine and Investment Society of Auckland was held yesterday morning. Mr. A. M. Howden presided. The annual report and accounts, as published in the Heeald oh October 19, were adopted. In reviewing the accounts the chairman pointed out that liquid assets, consisting of Government stocks and local body debentures and deposits at the savings banks, amounted to about 20 per cent of the deposits held bv the society. During the year more money was offered for deposits than could be advantageously accepted, with the result that the amount held on deposit was a little less than that of the previous year. Had suitable outlet been available no difficulty would have been experienced in arranging finance. A very low expense ratio on the society's turnover was revealed by the fact that this amounted to about 13 per cent of the net revenue for the year, a considerable factor in the successful development in the past, and one that would be continued in future policy. The retiring directors, Mr. Samuel Wing and Mr. David L. Nathan, were re-elected. Messrs. W. J. A. Thomson and A. 31. Seaman were re-elected auditors.

PRICES OF METALS

ALL-ROUND INCREASES

(Received October 25. 7.."5 p.m.) LONDON. Oct.. 24 Following arc io-day's quotations on the London metal market, compared with those of October 23:

WAIRARAPA MEAT COMPANY A resolution was passed at a meeting of shareholders of the Wairarapa Frozen Meat Company, Limited, providing that the company be wound up voluntarily. The company some years ago leased and operated the Waingawa Meat Works. On the termination of this activity, an arrangement wais made under which the capital of the company was invested in shares in the Wellington Meat Export Company. Jt is understood that the effect of the liquidation of the Wairarapa company will be that these Wellington Meat Export Company shares will now be held by the shareholders individually.

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