COMPANY AFFAIRS.

Star (Christchurch), Volume XLIV, Issue 578, 7 October 1932, Page 8

COMPANY AFFAIRS.

Dividends Declared for Shareholders. The New Zealand Investment, Mortgage and Deposit Co., Ltd., Wellington, has paid an interim dividend of 3 per cent for the half-year ended September 30. Wunderlich, Ltd., has declared an interim, half-yearly dividend on ordinary shares at 5 per cent per annum (an unchanged rate); preference, 7 per cent per annum (less statutory deduction), payable October 20. Australian Picture Theatres. Some enhancement has been noted within the pzCst few weeks in the value of investments in Australian moving picture undertakings. states a Melbourne paper. The announcement has now been made that negotiations are likely to be concluded shortly between Greater Union Theatres, Ltd., and Hoyts Theatres, Ltd., for a )>asis of economies affecting theatres all over Australia controlled by the two companies. Lyttelton. Pictures, Ltd. At the annual general meeting of Lyttelton Pictures, Ltd., Mr J. Garrard, chairman of directors, presided over a fair attendance. In moving the adoption of the annual report and balance-sheet, the chairman referred to the effect of the National Expenditure Adjustment Act on the finances of the company. A dividend of 3 per cent was declared which, together with 3 per cent declared on April 2 last, makes 6 per cent for the year. Mr Garrard, retiring director, was reelected. Victoria Nyanza Sugar Co. Per Press Association. WELLINGTON October 6. The Victoria Nyanza Sugar Company has advised the Stock Exchange Association as follows: “Cable received to-day from the plantations reads: ‘ Started crushing to-day. Clear of locusts since last advised.’ ” Sharland and Co., Ltd. The directors of Sharland and Company will recommend at the annual meeting next month that a dividend of 6 per cent on both preference and ordinary shares should be paid for the year ended August 31, 1932.