COMMERCIAL

Poverty Bay Herald, Volume LXII, Issue 18662, 23 March 1935, Page 11

COMMERCIAL

GUARANTEE CORPORATION INTERIM DIVIDEND The New Zealand Guarantee Corporation has advised the Stock Exchange Association that at a meeting of directors it was decided to pay an interim dividend of IJd per share for the half-year ended February 28, 1930. Transfer'books closed on March 20 and the date of payment of dividend will be announced 'about the end of this month. Last year the company paid an interim dividend of 2d per share and a final dividend at the same rate,' the distribution for the whole year being at the rate of 11 1-9 per cent. Since the reduction of capital the company s shares are :'.s fully paid. IMPERIAL TOBACCO CO DIVIDEND AND EONUti A final dividend of 7?. per cent and a lionus of 7!, per cent, both free of tax, have been declared by the Imperial Tobacco Company of (treat Britain and Ireland. As'the interim dividend was 7.'. por cent, the company's total distribution for the year ended October 31 was 22J per cent, tax free. 'Phis is 2J per cent larger than the rate paid for 19H2-33, and means an additional payment to shareholders id' £937,000. It has to be remembered, however, thill in order to pay 20 per cent a year ago the board drew en previously accumulated resources to the extent of £757,000, and as it is this time increasing the carry forward by £300,000 to £1,139,000, there was apparently an addition to profits last year of nearly £2,000,000, which would raise their total to about £9,000,000, the highest figure reached since 1930-31. "While in the early months of ihe past financial year the company's revenues continued' to lie influenced by the system of coupon trading prevailing in the tobacco trade, it is understood that subsequently, with Ihe abolition of this system, a ' substantial growth took place in sales. The London office, of the Hank of New .South Wales advises an alteration in the selling dates of the present London \vool sales. Brokers will now sell as under:—Jacomb, lloarc and Company, March 25; Buxton, Ronald, l)u Cross and Company, March 25 and 26; Balme and Thomas, March 22 and 26; Hughes and Willans, March 25.

A. young man who wished' to get married wrote to his father asking his advice. He received the following reply:— "My Dear Son, —Your mother and I would like to see you happily married. She tells me to point, out the many advantages—cosy iireside. chair, slippers, pipe, and so on, with your darling wife sitting beside you. I am proud to know, my boy, that you have decided to settle, down at last. "P.S. —Your mother has just left

the room. Keep single, yon darned idiot. — fat her.'' An old lady visited an asylum and displayed groat interest in the inmates. One old man particularly won her compassion. And' how long have yon been hero, my man .''' she inquired. "Twelve years." was the answer. "Do thev treat von well,"' "Yes."' After addressing a few more ques-

tions to him the visitor passed on. She noticed a smile broadening on the face of her attendant, and on asking the cause heard with consternation that the old man was- the medical, superintendent. She hurried back to make apologies. "I am sorry, doctor." she said. "I'll never go by appearances again." Shrimp: "'That, banker isn't so bad as people think lie is. He's really a very good fellow when you know aim.

i went to him only last week to borrow £L'()(i and he received me very . cordial I v." Sorghum: "Did he lend y6u the monov }" Shrimp: "No, he didn't —but he hesitated a minute before refusing me.'' Explicit. Teacher. —What is meant by Hobson \s ciioiie? Bright Piipil.- J -Mrs Hobsou, sir.