COMMERCIAL

Southland Times, Issue 24492, 21 July 1941, Page 2

COMMERCIAL

ASSOCIATED MOTORISTS NET PROFIT OF £20,017 The net profit of Associated Motorists Petrol Company’, Limited, ior the year ended March 31 was £20,017, equal to 1.882 per cent, of turnover. In the previous year a surplus of £63,530 was shown. This amount included total stocks reserve, after provision for income tax, and the surplus was thus in excess of the trading profit which was not disclosed. The directors propose a dividend of 10 per cent, on both preference and ordinary shares, less security taxes. This will absorb £18,445, leaving £1572 to be added to the floating balance, which will be increased to £10,179. In 1940 no cash dividend was paid on ordinary shares, £50,000 representing accumulated profits available for dividend being distributed among ordinary shareholders in payment in full for 50,000 ordinary shares of £1 each. Present capital is 75,000 ordinary shares and 129,950 preference shares of £1 each. In 1939 ordinary shareholders received a dividend of 150 per cent. Sales for the past year yielded £1,063,551, compared with the record total of £1,185,825 in 1940, Taxes and duty absorbed £580,802. THE RIALTO William Todd and Co., Ltd., report as follows for the week ended July 18: Pigs: Small weaners 7/- to 11/-; well grown 12/- to £l/3/6; stores £1 to £l/6/6; sow and litter £3/15/-; sow in pig £3. Poultry: Hens 1/11 to 3/-; heavy breeds 3/1 to 4/3; ducks 1/10 to 3/2; Muscoveys 4/- to 6/3; geese 3/8 to 5/-; turkey hens 5/-; gobblers 9/- to 15/-. Bacon pigs: Prime bacon weights 1201 b to 1501 b, 7d per lb delivered at abattoirs.

Produce: The market for table potatoes is firm with a steady demand. King Edwards £lO/10/- a ten; onions (Turbitts) 12/- a centil; chaff £5/10/-; cow chaff 3/6 (sacks in); hay £4/10/to £5; straw £3/10/-; oats 15/- to 17/-; crushed oats 14/6; barley 16/- to 17/6; wheat 23/6; partridge peas 20/-; meat meal 11/-; bone flour 14/6; rock salt 12/6; poultry pellets 12/6; Farra food 16/6; Moose meal 21/-; Moose nuts 20/-; lucerne meal 14/6; maize meal 22/6; burnt lime 4/6; bone dust 13/6; blood and bone 11/6; fish manure 3/71b bags; oyster shell grit 6/- per cwt. Miscellaneous: Pumice boilers £9/5/-; Pumice washtubs £3/5/-; cement 6/11; wheelbarrows £2; meat safes 30/-; timber 20/-; droppers 21/-; stakes 52/6; posts £B/10/- a 100; totara strainers 15/-; horse covers 52/6; cow covers 13/6; collars 40/-; winkers 15/- to 22/6; hames 10/-; dray saddles and breechings £4/10/-; spring cart harness £5; pony riding pads £2/5/-; pony bridles 15/-.

Vegetables: Cabbage 2/- to 4/-; cauliflower 10/- a dozen; carrots 2d per lb; beetroot and parsnips lid per lb.