COMPANY AFFAIRS

Wanganui Chronicle, Volume 89, Issue 212, 7 September 1945, Page 3

COMPANY AFFAIRS

The Milburn Lime and Cement Company have declared a final dividend of 11 per cent, lor the six months em.ed July 31, making a total distribution for tne year of di per cent. The final dividend is payable on September .26. A dividend of Bld. a share free of S.S. charge and N.S. tax will be recommended o shareholders at the annual meeting of Frozen Products, Ltd., to be held on Friday, October 19, 1945. The transfer books will be closed .rom October 12 to 17, 1945, bo n days inclusive, and if the dividend is approved will be payable immediately after the annual mee.ing. The settlement claim of Pukemiro Collieries, Ltd., unuer the provisions of the Waikato Coal Mines Control Regulations. 1942, covering the financial years 1943 and 1944, was reached in June this year. The directors of the company report thav payment ol claims was received on August 13. The accounts of the company lor the year elided Au/ust 31. 1944, now issued, show a net profit of £3326. The interim dividend of 2J per cent., paid in December, 1944, absorbed £2300, and the directors recommend a final payment of 2 per cent., requiring £2OOO, leaving £1629 to be carried forward, agains. £2,303 brought, in. The special net profit of Milne and Clioyce, Ltd., for the year ended July 31, 1945, was £26,213, an increase of £3002. Dividends on all classes of sh. res arc being held at 7 per cent, pec annum (final ord. preferred and r 4 per cent. B pref.. 31 per cent.). ".’! s will absorb £17,500. The balance o; the profit of £3713 will be used to !i cease the carry forward U £31,420 ’I i turnover for the year was a r >rd. he directors of Kemp.home Pross; ■ and Co., Ltd., recommend an i tI ra dividend of 31 per cent., payable c i September 20, to all shareholders on the register at September 3.