INVESTMENT SHARES.

Wairarapa Age, 28 February 1922, Page 7

INVESTMENT SHARES.

EVENTS OF THE MONTH. As predicted last month, the sharen:aiket has shown renewed activity. ' Stocks such as War Loans, bank, and insurance stocks are attracting the attention of investors. Government stocks in particular have risen several points. Wellington Gas Co—At 31 12/21 the total available profit for the year, niter paying an interim dividend of 31 per cent and writing off the £11,44b for depreciation on plant, etc., is £22,435. A final dividend of per cent, absorbs £10,610 and £11,825 is carried forward. Canterbury Frozen Meat Co. —Balance Sheet for year ended November, 30. Balance brought forward, £5404; net profit for year £37,939. Total £43,344. Appropriated as follows: - - Dividend for the year of 6 per cent, on preference shares £6000; 10 per cent and bonus of 4 per cent, on ordinary shares £15,750, general reserve £10,000; insurance reserve £5000; renewal reserve £1068; carried forward £5525. Standard Insurance Co.—An -extraordinary general meeting cf shareholders was held on January 24, to

consider proposals to change the name of the company to “The Standard Insurance Company Ltd.”’ It is proposed to empower the Company to act as trustee, executor, and administrator, etc., to carry on the business of a safe-deposit company, and to enter into partnership or to amalgamate with other similar companies. The directors are to be empowered to cap italise the Reserve Fund or any part thereof by declaring a special dividend or bonus, and simultaneously making a call of a similar amount. It is further proposed to divide the capital of the Company into 200,009 shares of £5 each.

Dalgety and Co. —The net profit for the year amounts to £140,606. Adding rhe balance from the previous year, after deducting the appropriations, and charging the twelve months dividend on preference shares and interim dividend paid last May, there remains a balance of £194,111, which the directors recommend should he appropriated as follows: —£50,00'0 in payment of a final dividend for the year ended June 30 of ss. per share.

tree of English income tax, making with the interim dividend, 10 per cent.; £50,000 to the Reserve Fund, thereby raising it to £950,000; £lO-,000 to the Staff Provident Fund, making £llO,OOO in all; and leaving £84,111 to be carried forward. Auckland Gas Co. —The balance for the year ended 31/12/21, amounts to £62,461. A final dividend takes £31,220, and the balance of £31.241 is carried forward. The dividend for the

ordinary shares amounts to 84 per cent, for the year. N.Z. and .South British Insurance Coys.—The proposal announced on August 3, that the New Zealand and the South British Insurance Companies should enter into partnership has been abandoned. Circulars announcing the directors’ decision not to proceed state that during the negotiations it became apparent that the partnership contem-

plated would involve greater capital adjustments by both companies than were originally contemplated, and C'o directors of both companies had reluctantly come to the conclusion that Laving regard to the present financial outlook, they would not be justified in recommending the partnership at the present juncture.

Christchurch Gas Co. —Balance Sheet for year ended December 31: Balance brought forward £7221; net profit for year £28,251;t0tal £35,472. Appropriated as follows:—Dividend of 8 per cent, for year £18,530; renewal fund £5000; depreciation £5051; carry forward £6890. N.Z. Loan && Mercantile Co.— After transferring the Dividend Equalisation Reserve of £lOO,OOO, there remains a balance, after pay Trent of the interest on the First and Second Mortgage Debentures Stocks, cf £83,831. Out of this interim dividends on preference ond ordinary stocks, paid in June absorbed £45,060, leaving a balas'ce of £3B, 813, to which has to be added the amount brought forward from last year, £23,491, making a total of £62,305, out of which the directors recommend a final dividend of 24 per cent., less income tax, on the Preference Stock, £25,000. and a final dividend of 2 per cent, (free of income tax for the .year) on the Ordinary Stock, £20,000, leaving to be carried forward £17,305. N.Z. Refrigerating Co.—Balance Sheet 31/10/21 shows an available bal ancc of £62,788. A final dividend of 3 per cent absorbs £lB,OOO )an interim dividend of 5 per cent, having previously been paid) and the balance of £44,788 carried forward. National Bank of N.Z. —At a meeting of shareholders in London a re solution increasing the authorised capital from £3,000,000 to £4,500,000, by the creation of 200,000 new shares of £7 10s each, was passed unanimously. West port Stockton Coal Co. —Balance Sheet 31/12/21 shows a loss of £lll2 18s Ud. No dividend is being paid on either class of shares.

stock yvorAi-iONS Buyer Seller. Inscribed Stock, 1933 94 10 0 94 15 0 War Bonds, 1930 91 10 0 War Bonds, 1933 94 10 0 P.O. Bonds, 1927 93 0 0 P.O. Insert, 1927 93 0 0 94 0 0 B of Australasia 11 • > () 11 10 0 National n 14 0 Bank of N.Z. ... 7 3 2 7 9 Unions 12 0 0 12 5 0 Unions (new) ... 12 0 0 National Mortgage 3 15 0 N.Z.L.M (pref.) 57 0 0 N.Z. and R. Plate . Land 18 0 Wgton. Invest. T and A. Co. ... 9 0 Well Gas, pref. 13 6 National Ins nr. o 18 0 3 0 0 N.Z. Insurance 1 7 6 South British ... 1 13 0 N.Z. Refrig., 10s 13 0 Huddart Parker 2 2 6 2 3 6 Union S.S. pref. 18 2 Well. Wool. pref. 7 15 0 Westport Coal ... 1 8 G Kauri Timber ... 1 5 9 Leyland O’Brien 1 11 0 Farmers Co-op. Auc. Co. pref. 17 0 Manning and Co. 3 3 6 Sharland and Co. ord 1 1 0 1 1 6 Sharland and Co. pref 1 1 0 W.F.C.A., pref. 15 6 Mount Lyell 13 1 Waihi ... ... ... 18 3