AIHI INVESTMENTS

Wanganui Chronicle, Volume 83, Issue 258, 1 November 1939, Page 3

AIHI INVESTMENTS

.1 li’ L pi Mill Ul XI-JU, IN lipUllUU Hl i the fourth annual accounts of Waihi I Investments and Exploration, Ltd., for j the year ended September 30. accord- j ing to cabled advice received on Sat- , urday b.x the New Zealand attorney, i I Mr. R. G. Milligan. The annual meet- ’ ling will oe held in London on No vein- ! oer 16. The directors recommend a j ■ dividend of 3 per cent., less English • income tax at 7s in the pound, 1o be i payable on November 17. The report discloses a holding or t i 400,000 shares of 5s each in Harriet- j i ville (Tronoh), Limited, a new golddredging proportion la Victoria. Aus- ' tralia. The profit for the year is 16922 lower than that of the 1938 year. The rate of dividend is halved, while the return to shareholders is further re- | ! duced by the increase in British in- j i come tax deduction from 5s 6cl in the I I pound to 7s. The dividend is paid in ■ sterling, so that the return to New ; Zealand shareholders, after allowing for tax and taking into acount cx- ' change. v. ill be approximately £2 8s 2d per cent., against £5 7s lid per cent. I in the previous year. Waihi Investments and Exploration, i Ltd., originated in the liquidation in ; 1935 of the Waihi Gold Mining Company. Ltd. The former Waihi com- . pany’s shareholders in Puket Tin s s, including investments other than those transferred to the Martha company, was vi>ited m Waihi Investments and Exploration.