COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18180, 30 August 1933, Page 12

COMMERCIAL

ADAIR BROS/ REPORT DIVIDEND or 21 PEE CENT * • ... • A . . ; jUivfdifnd of 2£ per cent, is recom■sanded by' the directors of Messrs. ‘Bros., Limited, in the annual report io be presented at' the twenty-fifth of shareholders. Coniijinrip Ht the future is expressed and tkw import xef«n to the beneficial experie#K to: bn gained from a period of finanean stress The report is as follows: — -xVilsu cdminOri with all other trading .ow; has ■ felt the rftxtt ot the national stringency, and "tidisj'toapled with a*fall in the price of eommodities compared with the i previous year, has considerably affoctedTtthriness. » Wc are passing through tkper of difficulty and. depression, but We do feel that, if good times come, alid eome. they must, we shall all benefit from the experience we have gained during; the last three years. p*‘Tne directors are pleased to note that.a great many shareholders- hive btea purchasing their requirements during the past year at onr two stores, apd hope that others will do so during tliia year, aa the stocks are most up-tfr-datc’ aad reasonably priced, despite taxation. ; ■ ;< i The valuation of stocks has been efficiently . attended to by. the company's valuer, and he reports they are In excellent condition, thoroughly uptomato and represent the present-day The net profit for the year, after ■ for depreciation, is £79719a with the amount, £422 4s 8d forward from last year, leaves balance of £1220 3s 9d, which yonr directors recommend be allocated at follows: —Payment of a dividend (free of ineonio tax) at the rate of if per cent, per annum, on paid-up capital £1055 Os «d; to carry forward glfiS 3s 3d; total £1220. 3s 9d. The B account stands at £IO,OOO, and doyeee’ benefit fund account at . directors retiring in rotation, ts 'accordance with the articles of the -jgHlipony, are Mr. T. Corson and Mr. Thomas, and both being eligible offer themselves for -re-elec-t Uh. The auditors, Meßßrs. Graham Dobson, retire and being eligible, offer themselves for re-election. The directors . tender their' congratulations managing director and staff upon the result of the year’s working. j •TONEY STOCK EXCHANGE _ . PASTORAL AMD GOLD SHASES SYDNEY, August 28. The strong opening of the new »ea- . son’s wool tales was reflected in the iu- ' .aeaUasftt market, to-day, pastoral shares ffiewWg. • very substantial increase than the recently advanced rates, but gilt-edged 'shares were comparatively .waist... Some gold shares also moved up ‘ ■ a epoqtacular ‘ manner in sympathy with Urn high . price, of gold recorded dusty, jbe-wsek-end. Among these weliow. uald find .Aha. parent concern, PUcerTHrshmfnent, 'Mount Morgan and New Urnne* Goldfields as well as some \Vaet " Australian; yentbres all' touched ■new.high levels among to-day’s sales. ~.’fleLi*t " Commercial Bank of Sydney, Commercial Bank of Australia, sSkrlltAb ‘{fashk of .Australasia, New ..'jaataHt*. delivery, , £l2 oe; Colonial •.jpgar,. £SO. Saj Associated News, 8s 6d Aw, prof.,' 'lk lOjd; Adelaide • Steam, HcVMdSmith, 12b 6d; British TaMteo, 36s -3d; Goldsbrough, Mgrt, 30a fld; Commonwealth Wool, 19s 6d:, Wlndwomhe, Carson,; 29s 9d;, Wilcox, Jfpfffift,. 10a la: Dunlop Perdrian, 18s Swlmd delivery, 26s . fld*;ilstioj,.;coirtrih'iting, 13s 3d; Tooths, 31s 9d ; Toobeys, 23k 6d ; Carlton Brew"Mfr'JWg; H6n>y. Jones. 38s 9d; Fairyimad Sugar. 28* 6d; Newcastle Gas,'A, IBs: ditto, C.l<ss; Druir Houses of Auh train, 20s 3d: Wunderlich, 20s Sd; Goodyear, nr«l-,2853d; Meggitts, 20s: General Industries, 9s 2d: B.vlolo Gold. Bfla 6(1 j .Bqlofo. Deposits, ls lOd • Placer IWvelopnienfcl £l3 l&s; Mount Morgan, Mt'3d'; .Broken Hill. Proprietary, 37s did; Booth Broken*. 60s 6d: Norths. gQa \ ~ ; r . MBUjOURNE. Aug. 28. Balm: Commercial Bank, 16s Id: «*•£, <MB 19s: Demi vs Lascelles, 12s 9d ; Danlon Perdrian: I#s ?d; Nestles, nref., All 4M; iToward Smith, ’2s 6d; Golds- ?°« ?L ■ • * r weld Times. British- ToWro. A c - ?d; Mount I Morgan, 445. • . , :; " :; .||RIIfTBOEME, PROSSER B - of the board of diree>thocne, Prosser’s New ompany: on Monday, an •of 34' P** cent - f° r the JoJy-Jl was declared, dividend i# at an unrha. distribution for the wily 31, 1933, was 74 m a keen demand, for a the Lower Wairarapa ng in -aeveral cases buyto fulfil their re-