COMPANY AFFAIRS.

Wanganui Chronicle, Volume 87, Issue 277, 23 November 1943, Page 6

COMPANY AFFAIRS.

AUST. MOTORISTS’ PETROL CO. Auetrelian Motorist®’ Petrol Co., libd earned increased net profit for the year to June 36 last, the result at £23,433 comparfriK' with £18,700 for 1941-42. Before strikintf the profit, £22.261 (£21.038 in the previous year), was allowed for depreciatitMi. and £16,136 (£16,043) provided for taxation- | Steady ordinary dividend W I par CMC. ' absorbs £16,654, and the 6 per cent, preference dividend takes £49M. TOOTH AND 00. PROFIT, Tooth and Co., Ltd., Sydney, ahowf B»>ii profit of £789,041 for the year ended SepUnrber 30, compared with £763.438 in the pra> vious year. A decline of £259,140 in prow* profit was more than offset by a fal 1 of £284,742 in expenses. Including taxation. Steady dividend of 12 per cent. requinM £741.919, and £25,000 is added tn r«MT\e and £25,000 to depreciation of properties reserve. i UNITED INSURANCE YEAR. United Insurance Co., Ltd., made profit ot £61,996 for the year te September 30, compared with £60,899 for 1941-42. Dividend it unchanged at»9 per cent., requiring £40,500. Other distributions are £lO,OOO to reserve. £5OOO to reinsurance reserve, and £5OOO to pension reserve. Net premiums were .<59,525 lower at £335,624, and interest and rente (less taxation) £2220 higher at £25,714. Losses fell by £39,053 to £126.713. and expenses, including taxation, by £19,349 to £173,169,