COMPANY AFFAIRS

Wanganui Chronicle, Volume 84, Issue 44, 22 February 1940, Page 3

COMPANY AFFAIRS

(OX BROS. (AUSTRALIA), LTD. Cox Bros (Australia), Ltd., has advised the btocK iGxenange association that the uirectors announce that the han-year enaeu January 31 has been satisfactory, noth saies ana not prohl being in excess oL tnose tor tn? corresponding period ol the previous year. interim dividends are declared lor the halt-year at the rate ot i per cent, per annum on the A and t> preference shares, and 15 per cent, per annum on the ordinary shares on the amount paid up. These dividends absorb 126,836. In February, 1939, the nterim dividends absorbed £22,795. The dividends are payable on March 30. and the transfer books for all registers will be closed from March 14 to 21, both days inclusive. HACKSHALLS, LI Ml I ED. Hackshall’s Ltd., Sydney in organ- ; .iiion of biscuit and cake manufacture . • and bakers, reports a profit cf 1.2 iJ72 for the year ended December . : o- ore providin ■ for taxation, comp;u • i witn for the previous Di’, i lend i.-> 6 per cent. (2J interim, ihkil'. an unchanged rate, and requ.i fIS.OOO. A sum of £2472 is allocated to provide for taxation payable on the year’s profits. The amount of £15,500 brought forward i.s carried forward. Depreciation in the amount of £5702 was provided prior to the striking of the profit, and this excludes sums written off by subsidiary companies. DAVID JONES DIRECTORATE. At an extraordinary general muting of shareholders of David Jones Ltd. last week Sir Norman Nack was elected unanimously a director. The appointment restores the number of the directorate to six. The vacancy was caused by the death of Mr. R. H. Gordon in 1935. In moving Sir Norman Nock’s election the chairman of directors, Mi. Charles Lloyd Jones, pointed out that Sir Norman Nock had an intimate knowledge of the retail trade, having had a complete training in Lcndcn and in New York. ADELAIDE STEAM DIVIDEND. The Adelaide Steamship Co., Ltd., announces a reduced interim di\ idend of 3 per cent. This compares with an interim rate last year of 3i per cent. Final dividend was 4 per cent., making 7L per cent, for tne year. B.A.L.M. BONUS SHAKE ISS» E. A bonus share issue of 130,000 is being made by British Australian Lead Manufacturers Pty., Ltd., of Melbourne. Sanction has been granted by the Treasury to the capitalisation of £30,000 of undivided profits. Issu* .1 capital will now stand at £500,000. The largest shareholding in rhe company is held by Imperial Chemical Industries of Australia and New Zealand Ltd. An interest is held also by the following companies: North j Broken. Hill Ltd., Broken Hill South Ltd., Zinc Corporation Ltd., Alexander Ferguson and Co., Ltd., Cookson Lead and Antimony Co., Ltd., Foster Blackett and James Ltd., Locke Blackett and Co., Ltd., and Walkers Parker and Co., Ltd. CARLTON BREWERY. ■ y, Ltd., and its subsidiary, Victoria Brewery Propty., Ltd, show a profit of £137,933 for the year ■ ended December 31. This compares j with £136 500 for the previous year. I Accounts of Carlton Brewery, L-td., ’ show a profit of £131,429, compared with £129,829 in 1938. A dividend of i 15 per cent, requires £122.500. Carl- | ion Brewery ana Victoria Brewery toI gether have a 32 per cent, interest in j tiie operating company, Carlton and i United Breweries, Ltd., from which 1 they have been receiving dividends at ’ the rate of £116,037 a year. The consolidated balance-sheet of j Carlton Brewery and its subsidiary company, which is issued for the first time, shows fixed assets at £307,283. I investments and advances, plus the i difference between par value and appreciated value of shares in the suosidiary company, £1,115,757, loans on mortgage, £265,375, cash, etc., £21,459. Liabilities comprise capital £816,992, reserves £1.623.734, and sundr} credi'tors, etc., £24,366.