Page 16 Advertisements Column 5

Timaru Herald, Volume CXLIII, Issue 20893, 24 November 1937, Page 16

! MORTON AND CO., LTD. SHORT NOTICE AUCTION ROOFING IRON, SAWN TIMBER, PINE FIREWOOD, ETC. WEDNESDAY NEXT, DECEMBER 1 At 1.30 p.m. Sharp OTIPUA ROAD (near Bowker St.) MORTON AND CO., LTD. haue received Instructions from MR R. OLIPHANT to sell by Public Auction—--400 SHEETS FIRST-CLASS ENGLISH ROOFING IRON, SAWN TIMBER (Oregon, Pine. Poplar, etc.), HARDWOOD POSTS. SHED (21’ x 14’) FOR REMOVAL, etc., etc. Fuller Particulars Next Saturday MORTON AND CO., LTD., Auctioneers. AUCTION OF CHOICE HOUSEHOLD FURNITURE THURSDAY NEXT, DECEMBER 2 At 2 p.m. IN THE MART MORTON AND CO., LTD. will sell by Public Auction, on ACCOUNT REV. LLYWELYN WILLIAMS (who is leaving Timaru) AND OTHERS, THEIR CHOICE HOUSEHOLD FURNITURE AND EFFECTS. Full List in Next Saturday’s Issue MORTON AND CO., LTD., Auctioneers. MORTON AND CO., LTD., AUCTIONEERS, Valuators. Property Salesmen, Clearing Sales Experts CHIEF AGENTS: UNITED INSURANCE CO., LTD. CONSULT US before deciding your CLEARING SALE, it wil! pay you. Either at Your RESIDENCE or in OUR UP-TO-DATE MART. You have a DOUBLE CHANCE. We Have Full Stocks of: SINGLE STRETCHERS SINGLE AND DOUBLE WOOD BEDS (In Oak and Rimu) TALLBOYS DUCHESSES TALLBOYS DUCHESSES FIRFGIDE CHAIRS Chesterfield and Bedroom Suites, China Cabinets. Tea Waggons, Carpets, Runners, Log Boxes, and Firescreens, etc., etc. This Fjrniture is of the Finest W kmanship and Latest Designs Inspect at— MORTON AND CO., LTD., AUCTIONEERS

D. C. TURNBULL & CO. VIPER SHEEP DIP VIPER SHEEP DIP VIPER SHEEP DIP WE HAVE BEEN APPOINTED AN AGENT FOR SOUTH CANTERBURY FOR VIPER SHEEP DIP VIPER SHEEP DIP VIPER SHEEP DIP VIPER SHEEP DIF D. C. TURNBULL & CO. WAIMATE AUCTION CO. £1950—304 ACRES FREEHOLD, within 15 miles Waimate, and New 5Roomed House and outbuilding. 60 acres in young grass. Ingoing £3OO. (D. 128 £400—20 ACRES, L.I.P. Rent £26 per annum. 4-Roomed House, cow shed and c. Abundance feed. A first-class dairying property. (D. 129 £soo—B ACRES FREEHOLD, with 3Roomed House and outbuildings. 3 acres in splendid apple orchard, every prospect of good crop. Immediate possession. Ingoing only £lOO. (D. 127 WAIMATE AUCTION CO. WELLINGTON MEAT COMPANY The report of the Wellington Meat Export Cc., Ltd., for the year ended September states that after providing £9112 for depreciation there remains a profit of £11,571 compared with £14,038 in the previous year and £lO,llO in 1935. It is proposed to pay a preference dividend of 6 per cent absorbing £5258 leaving £6313 to be applied to the reduction of the debt in the appropriation account. The company has a paid capital of £236,387 in 87,639 preference shares and 148.748 ordinary shares. Ordinary shareholders have not received a dividend for 10 years. Preference shareholders received no dividend from 1928 till 1935 when proposals by which the postponed preference dividends might be liquidated were put into effect. Holders accepted a payment of a dividend at the rate of 5 per cent per annum in full settlement of arrears tc 1934. Thereafter they agreed to accept 6 per cent and forego the right to participate in any payments beyond 6 per cent per annum. The debit balance in the appropriation account has been reduced from £30,539 to £24,226. TOOTH AND CO., LTD. The directors of Tooth and Co., Ltd., in their annual report for the year ended September 30 state that the net profit was £774,695/9/11 to which must be added £49,493/6/3 brought forward from last year making a total of £824,538/16/2. The interim dividend of 10 per cent per annum took £309,132/17/- leaving available £515.405/19/2. This amount the directors have appropriated as follows:—Payment of r. final dividend at the rate of 11 per cent per annum £340,046/2/8; transfer to general reserve £50,000; transfer to depreciation reserve £70,000; carry forward £55,359/16/6. The dividend for the year totals 104 per cent, an increase of J per cent. Depreciation for the year has been provided to the extent of £91,235/17/1.