NEW COMPANIES

New Zealand Herald, Volume LXXIII, Issue 22615, 31 December 1936, Page 5

NEW COMPANIES

MOKE REGISTRATIONS FIGURES FOR THE YEAR NO VERY LARGE CONCERNS A largo increase occurred in the number of companies registered in Auckland during the year just closing. 'I lie lota] was 289, compared with 25 1 last year and 271 in 10:11. Largely owing to the registration last year of a company with a capital of £'11,000,000, this year's nominal share capital oi £2,140,238 can hardly he compared with the total for last year, £12,760,000, but it easily exceeds the totals of the live preceding years. The total of 289 coin panics registered this year shows a return to the figures that were usual before 19.'}1. In 1933 there were 300 registrations; in 1932, 295; 29.'! in 1931; 327 in 1930, and 321 in 1929. The total nominal share capital in 1931 was £1,318,000; in 1933 it was £1,517,000; and was £1,435,000 iu 1932; £1,322,000 iu 3931; and £2.017,000 in 1930. A slight decrcaso is shown this year in the number of public companies registered. As against 32 last year there were 30 this year, and against the nominal share capital of £12,149,000 last, year, of which £11,000,000 was accounted for l\v New Zealand Forest Products, Limited, the nominal capital of the public companies this year was £1,451,115.

There was an increase of -If), lutwovor, in the number of private companies registered. Last year they numbered 21'.), having an aggregate capital of £611,304, and this year the figures were 259 and £'692,12.3 respectively. There were live public companies of £IOO,OOO nominal capital or over registered this year. The largest two were Invested Securities, Limited, and Mutual Buyers Association, Limited, the nominal capital of each being £250,000. Other large companies registered were Kaikohe Tungroves (N.Z.), Limited, capital C 125,400; New Zealand Tung Oil, Limited, capital £100,000; and Ravneon (X.Z.), Limited, capital £IOO,OOO. There were several companies with capital of over £50,000 and one private com pan v with nominal share capital of £BO,OOO.

A large group of companies, numbering over 50, was concerned with local manufacturing industries, clothing and engineering ventures predominating, Three of the public companies were registered for goklmining, their total capital being £42,000, as against £87,000 for four companies • last year. As a contrast to the large public companies of over £IOO,OOO capital there was one of £IOO, called Rot.orua Maori Choir, Limited, and another of £lO for King's School. A large number of the private companies ranged from £IOO upward and many were for £IOOO or £2OOO.

LONDON STOCK EXCHANGE BANK SHARES AND DEBENTURES LONDON, Dec. 20 On the London Stock Exchange quotations of bank shares and other corporation debentures and stock compare with previous quotations as follows: — Dec. 35 Dec. 29 £sd £ s d Australasia . . O IS ft 10 0 O New South Wales 23 O O 2.8 0 O Union of Australia 8 2 6 K 2 0 National of N.Z. . 2 14 O 2 14 6 N.Z. Shares 1 18 3 1 IS 6 N.Z. Loan & Merc., 4 p.c. deb . . 93 0 0 03 0 0 N.Z. Loan i Merc., ord 20 10 O 2(1 10 0 E., S. and A. . 4 15 0 113 0 FOREIGN EXCHANGES MINOR ALTERATIONS . British Wireless RUGBY, Dec. 29 The following rates on foreign exchanges are current, compared with the cabled quotations on December 28 and par:— Dec. 29 Dec. 28 Par Montreal, dol. . . 4.91% 1.91% 4.800 New York, dol. 4.91% 4.91% 4.Mi l'aris, fr. .. 105',„ 1o5%„ 105.00 Brussels, belga. 29. l i 29.12% 35.00 Geneva, fr. 21.38 21.37% 25.22 Amsterdam, cr. 8.97% 8.07% 12.10 Milan, lire 93 !> 93' \ 92.00 Berlin, r.m. 12.21 12 21 20.13 Stockholm, kr... 19.39% 19.39% 18.159 Copenhagen, kr. 22.10 22.10 18.159 Oslo, kr. .. 19.90 19.00 18.150 Vienna, sch. . . 20% 20% 31.585 Prague, kr. .. 110':% MO>% 101.25 Helsingfors, mark 220% 220% 193.23 Madrid, pes. . . 55+ 55 f 25.221 Lisbon, escu. .. 110%, I lO% a 110 Athens, dr. 517% 517% 375.00 Bucharest, lei... 020 020 813.0 Rio de Janeiro, m. l%d* 4%d* 5.899 d Buenos Aires, pes. --- - 11.15 Montevideo, dol. 39% d* 39% d* hid Bombay, rupee.. 18%, d IB% a d lSd Shanghai, dol. .. 1 I%d M%rt Hongkong, dol.. It 1 I l'';' lß d Yokohama. yen lid lid 21.5Pd Balavia, gr. .. 8.91% 8.02% 12.10 Belgrade, din.. 213 213 270.31 Warsaw, zloty. 20.00 'JO.no 43.38 'Sellers. LVominal.

NEW ZEALAND QUOTATIONS Tho Associated Banks (other than tho Bank of New South Wales) quoted tho following dollar rates yesterday, on a New Zealand currency bat.is, subject to alteration without notice: Sellinc: United Slates Canada On demand .. .'t.ol' 4 3.1)4% T.T. . .. 3.03% Buy insr: On demand . . 3.08% 3.08% Following are the latest rates for purchases and sales of foreign exchange quoted by 1 lie Bank of New South Wales, Auckland. They are subject to alteration without notice: To .L'l N r .Z. T.T. On Demand Currency Selling Buying Selling U.S.A., doi. . . ;i.a.os% a.oi Canada, dnl. . 3.03% 3.08% 3.04% Austria, sell. . 'JO.lit Belgium, lielga 23.270 - 23.287 t'zecho'vakia, cr. I 11.71 - 111.70 Denmark, kr. . 17.803 15.2(33 1 < .00:? France, fr. . si .23 Germany, r.m. 0.733 —• 0.738 Holland, fl. . . 7.11ia Ilaly, lire . . 71.78 Java, n. 7.1:?:{ Norway, kr. 15.801 10.211 ir>.!»oi Sweden, kr. . . 15.18!) 15.811 15.100 Switzerland, fr. 17.003 Noumea, fr. . . 82.80 Papeete, fr. . . 83.01 N.Z. pence Hongkong, dol. 18 27-32 18 5-10 18 53-01 India, rupeo . 22 23-32 22 13-32 22 45-04 Ceylon, rupee . 22 23-32 22 13-32 22 'ls-01 Japan, yen . . 17 5-10 - 17 10-01 Shanghai, dol. 38 10-04 17 19-04 18 0-32 Singapore, dol. 35 13-04 34% 35 3-10 Chefoo, dol. .. 18 13-32 17 47-04 18 25-04 The cost in New Zealand currency of the pound sterling, and of the principal overseas units, on the latest quotations, is as follows: Present I'ricc Par s d s d London, pound .. 21 10.05 120 0.00 Australia, pound . . 10 10.81 20 0.00 Fiji, pound 122 5.00 20 0.00 New York, dollar 5 o.iiS 1 1.31 Montreal, dollar 5 0.88 4 1.31 Paris, franc . 0 2.82 0 Berlin, reichsninrk - 0.45 0 11.el Copenhagen, krone 1 3.3.3 1 J1.22 Yokohama, yen .. 3 5.11 - O.ots CUSTOMS EXCHANGE RATES j Hates of exchange ruling at the announced dates ol departure of vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned. Finally declared rates are marked*: — Canadian Constructor, Canada, dollars *4.88 City of Manchester, America, dollars *4.01 Limerick, Canada, dollars *4.00 Limerick, America, dollars .. .. *4.01