Commercial COMPANY NEWS

Southland Times, Issue 25513, 6 November 1944, Page 2

Commercial COMPANY NEWS

NATIONAL INSURANCE

(Special) DUNEDIN, November 4. The annual report o£ the National Insurance Company of New Zealand, Ltd., states that the net premium income for the year ended September 30 amounted to £372,452 6/-. After making full provision for losses outstanding there Is an underwriting surplus of £33,973/12/9. Interest and rents, less Income tax, amount to £25,796/9/5 and the balance brought forward from last year totals £37,866/14/11, amounting in all to £97,636/17/1. An interim dividend of 4d per share was paid in May last. This absorbed £16,666/13/4, leaving available a balance of £80,970/3/9. The directors have added £15,000 to the Investment fluctuation account and £2500 to the contingency account and have written £5OOO off the company's premises. They now recommend the payment of a further dividend of 5d a share, which will take £20,833/6/8, making a total distribution for the year of 9d a share, or a total of £37,500, and to carry forward £37,636/17/1. BRUCE MANUFACTURING (Special) DUNEDIN, November 4. After the provision of £12,000 for depreciation on buildings, plant and machinery and £67,000 for the payment of taxation, the directors of the Bruce Manufacturing Company Ltd. report that the net profit for the year ended September 19 was £19,909 and the amount in the profit and loss appropriation account was £31,752. It is recom- ’ mended this' amount be dealt with as follows:—

Payment of dividend on cumulative preference shares 2800 Payment of dividend of 6 per cent on ordinary shares 6000 Payment of bonus of 2 per cent on ordinary shares 2000 Transfer to reserve account 11,000 This leaves £9952 to be carried forward.

THE RIALTO

William Todd and Co., Ltd., The Hialto, report as follows for the week ended Saturday:— .

Pigs,—Weaners. The entry comprised mostly well-finished good sorts and the demand was keen. Large sold from 44/- to 51/-, medium 37/- to 42/-, small 33/- to 36/-; suckers, 27/- to 29/-; stores, £2/17/- to £3/15/-. Poultry—There was a fair entry and a good demand. White Leghorns, 3/- to 4/3; roosters, 2/- to 3/9; Australorp hens 4/1, roosters 6/9 to 7/3; ducks, 5/6. Bacon Pigs.—Prime bacon weights, 120 to 1801 b B'/zd per lb, delivered abattoirs. Produce—The supply of table potatbes was very short. There was a keen demand. King Edwards, £ll/15/-; chaff, £6/10/- to £7; straw, £4/5/-; oats, 21/-; wheat, 25/-; meat meal, 11/-: poultry pellets, 12/6; Exsalick •tock food, 17/6; Moos* meal, 26/-; Mooss

nuts; 25/-: oyster shell grit, 6/- cwt; chick food, 19/6; Meadows sturdy mash, 24/- 100. Miscellaneous—Pumice boilers, £lO/15/-: pumice washtubs, £3/5/-; sashes, 19/6; cement, 7/10; wheelbarrows, 55/-; meat safes, £3/15/-; timber, 25/- to 30/-; droppers, 30/-; stakes, £3/15/-; horse covers, £3; cow covers, 15/-; jogger harness, £lO set; collars and hames, £3/7/6; winkers, 22/6. Vegetables—Cabbage, 3/6 to 4/6; lettuce, 2/dozen; carrots, 2d lb; rhubarb, 3d lb. Grass Seeds—White clover, 1/0 to 2/6; Timothy, 1/9; dogstail, 1/3; Lotus Major. 2/6; Montgomery, 2/9; cocksfoot, 3/- lb; ryegrass, 5/6 to 7/6 bushel. Mixture ryegrass, clover and cocksfoot, 3'/ad lb.