COMPANY AFFAIRS

Wanganui Chronicle, Volume 80, Issue 245, 15 October 1937, Page 11

COMPANY AFFAIRS

DAVID JONES, LIMITED The accounts of David Jones, Ltd., retailers, Sydney, for the year endeu July 31, show a net profit of £165,049, against £146,150 in the previous yeai. Ordinary dividend is unchanged at 10 per cent., requiring £64,164. Dividends on the 6 per cent, and 7i per cent, preference shares together require I £27,750. Results at the balancing date of the issue of new capital are seen in an increase in capital of £109,333, and share premium reserve of £99,333 Rapid progress with the new building has been made, and at the date or the accounts £441,949 in all had been spent on the property. Finance of the venture has been provided for by the increased capital and by mortgage loans of £350,000. NORTHERN INVESTMENT The directors of the Northern Cooperative Investment Trust, Limited, have declared an interim dividend on ordinary shares at the unchanged rate of 7 per cent, per annum and the usual interim preference dividend of 4i per cent, per annum.

An interim dividend at the rate of 6 per cent, per annum has been declared on ordinary shares in the Second Northern Investment Trust, Ltd., which is in its second year. The rate for the initial 10 months of operation was 5 per cent, per annum. Both dividends will be paid on October 19.