N.Z. REFRIGERATING

New Zealand Herald, Volume LXXIII, Issue 22319, 17 January 1936, Page 5

N.Z. REFRIGERATING

FALL IN NEr PROFIT SAME DIVIDEND PAYABLE [by TELIOCIIAI'H I'ItKSS ASSOCIATION'] CHRISTCHURCH, Thursday • The accounts of tlie New Zealand Refrigerating Company, Limited, for the year ended October 31 show £104,814 available for appropriation, including 1129,173 brought forward from tho previous year. The directors recommend payment' of a dividend of 5$ per cent and propose writing off building and plant, in addition to provision already made, £20,000; transferring to rebuilding reserve, £20,000; and carrying forward £29,847. On the figures given tho net profit for the year was £75,671, a decline of £15,281. Results for tho past three years compare as follows: 1033 1034 1035 Brought forward . . £15.039 £33,218 £29.173 Net profit . . 79,994 90,952 75.G71 £95.033 £121,170 £104.8-14 Extra depreciation . . Reserve account . . 30.000 40,000 Rebuilding reserve . . Dividend, p.c. 5 51 5} Amount .. .. 31,815 34,997 34.997 Carried forward . . £33,218 £29,173 £29,847 The company has an issued capital of £636,310 in 336,310 £1 shares fully paid and 600,000 £1 shares paid to 10s. NEW YORK CALL MONEY NEW YORK. Jan. 15 Call money is quoted at 3 per cent. BRITISH WAR LOAN (Received January 16, 5.5 p.m.) British Wireless RUGBY. Jan. 15 War loan, per cent, is quoted to-day at £lO6 Is 3d, compared with £lO6 3s 9d yesterday.