NET PROFIT LOWER.

Star (Christchurch), Volume LXVI, Issue 20624, 27 May 1935, Page 9

NET PROFIT LOWER.

Accounts of N.Z. Perpetual Forests. (Special to the “Star.”) AUCKLAND, This Day. A net profit of £17,343 was earned by New Zealand Perpetual Forests, Ltd., during the year ended March 31. This compares with £24,308 for the previous twelve months. The balance brought forward from last year, after deducting dividend paid, was £13,739, which, with this year’s profit, gives a total of £31,082. From this an interim dividend of 4 per cent paid in November absorbed £7901, leaving available for appropriation £23,181. From this the directors recommend payment of a final dividend of 4 per cent, making 8 per cent for the year and leaving £15,279 to be carried forward. LAMB PRICES UP. Export Schedule Raised by Halfpenny. The export buying schedule for fat lambs will be raised from to-morrow by 3d per lb in the case of prime first grade, and by 3d per lb for seconds. The buying limits for ewes and withers are unchanged. Following is the new schedule:— Lambs—Firsts, 63d lb; seconds, 6d lb. Wethers—Under 481 b, 4*d per lb; 49-561 b, 43d; 57-641 b, 33d; 65-721 b, 3§d; over 721 b, 33d; seconds, 33d. Ewes—Under 481 b, 2|d per lb; 49561 b, 23d; 57-641 b, 23d; 65-721 b, 23d; over 721 b, lid. COMPANY AFFAIRS. W. and R. Fletcher (N.Z.), Ltd. The head office of W. and R. Fletcher, Ltd., managing; agents for the Westfield Freezing Company, Ltd., is being transferred from Auckland to Wellington to-day. Mr R. I). Rogers is going to Wellington, and will be associated in the management of the business there with Mr A. Rowlands, who has been in London in *recent years. Wellington Deposit Co. The directors of the Wellington Deposit, Mortgage and Building Association, Ltd., report for the year ended March 31 last that the net profit on the year’s business was £OOO, which, with the acfdition of £1125 brought forward from last year, made a total of £2026. Bad debts amounting to £234 had been written off, and provision made for doubtful debts, £1283. The directors recommend that the sum of £2026 at credit of the profit and loss account be carried forward. The bank overdraft has been reduced by £7141 14s lid. EXCHANGE RATES. London Quotations.

CALL AND DIVIDEND LIST. DIVIDENDS. Westport Coal—lnt. 6d a share May °8 Swan Brewery—Pref. 6 p.c. f ord. 2/- and bonus of 6d . May 29 Bank of N.S.W.—Quarterly, 5 P-3. \jay 29 Stafford Dredging—6d a share ’ May 31 farmers' Trading—Final, A and B pref. shares at 7 p.o. p.a. Mav 31 National Timber—Final, 21 p.e. Mav 31 National Bank of Australasia —Annual at rate of 5 p.c. P-3- May Northern Steam—s p.c May Smith & Smith, Dunedin—Pref Henry Jones—lnterim of 6d a share June 1 Wilson’s Cement—Final, 7Jd a June 1 share and bonus ljd .. Tune^ Dominion Fertiliser—s p.c. p.a’. June 6 Reserve Bank Peters’ Ice Cream (N.Z.)—B p.c. Bank of N.Z.—Final, 5 p.c.'; "* unell D mortgage 33 p.c June 14 Broken Hill South—Final, 1/6 a share June 15 Australian Glass—Final, 4.J p.c. (pref.), final 8 p.c. (ord.) .. June 26 Morris Hedstrom—Final, 3 p.c. June 30 Blackwater Mines—Final, {/'- per share (British currencv) June 12 Consolidated Goldfields—lnt., 6d per share (British currency) June 12 North Broken Hill—Dividend 1/6 per share, bonus 6d per share. i>ayable Melbourne . June 28 Bulolo Gold Dredging—lnt., i dollar 20 cents (about 5/10) a share j u l y 9 Placer Development—lnt., 2 dollars 40 cents (about 11/S) a share July 9 N.Z. Breweries—Final, 3J p.c. .. July

British Official Wireless. (Received May 27, 12.30 p.r n.) London on the RUGBY. May 25. cities mentioned: — To the £ Par. May 25. New i ork, dol. 4.86 2-3 4.951 Montreal, dol. 4.S6 2-3 J ‘aris, franc 124.21 75 11-64 Brussels, belga 35 29.04 Geneva, franc 25.221 15.33 Amsterdam, fl. Milan, lire 92.46 Berlin, marks 20.43 Stockholm, kr. Copenhagen, kr. 1 8.159 18.159 19.905 19.905 34.58} Prague, kr. Helsingfors, 1645 119 1185 f. marks Madrid, pes. 193.23 25.221 226J 36 5-16 2263 365 Athens, drach. Bucharest, lei Belgrade, dinars 276.32 P.io de Janeiro, d. to mil. 5.899 Buenos Aires, 11.45 35* 35* Montevideo, d. to peso. 51 -r?ata\ ia, florins 12.11 7.321 7.30$ Value in pence Bombay, rupee 3 8d Shanghai, dol. 201 Hong Kong, dol. Yokohama, yen 141 142 * Sellers, official. Dollar Rates. The Associated Banks ? a ,? K ? z we . w . South Wales) Quoted the sterling rates to-day: U.S.A. Canada. Conversion of doll ar bills Dol. Dol. received for colection and sale of dollar drafts and telegraphic 4.93 4.96 Purchase of dollar bills On a New Zealand currency these rates are equivalent to : U.iA. Canada. Selling— Dol. Dol. T.T. .. On demand . Buying— On demand 3.961 4.035 3.962 .015