COMPANY AFFAIRS

Wanganui Chronicle, 5 October 1946, Page 7

COMPANY AFFAIRS

( LOSING OF BOOKS. According to advice received by the Slock Exchange Association of New Zealand, the transfer registers of Australian Iron and Steel Limited, will he closed from October 1!> to November 1. both days inclusive, in view of payment of the half-yearly dividend on preference shares on November 1. The rate of the dividend will be advised later. INCREASED DIVIDEND OF F.A.C., HAMILTON. An increase in the ordinary dividend from 4 per cent, to G per rent. Is recommended by the directors of Farmers' Co-operative Auctioneering Co., Ltd., Hamilton, for the year ended July .31. This restores the rate to that paid prior to 1942. Net profit for the year was £31.735. an increase of £9OOO. The usual preference dividends of 5 per cent, retiuire £12,600. and the increased ordinary dividend £13.G0!, leaving £5171 to increase undivided profits to fl.-. IIS. SALE OF I’KOl’Eien IX LAMBTON QI AY. H ELLINGTON. The sale of premises at 126-28-30-32 Lambton Quay to New Zealand Breweries Ltd. has been approved by the Land Sales Committee at a price of £17.500. The vendor was Reginald C. Kain Ltd., and the price asked was £20.000. The properly, which has a frontage to Wellington Terrace as well, comprises four wooden shops. SLIGHT I Al l. IN I‘ROI IT OF IVILCOX MOFI LIN. Net profit of Wilcox Mofflin Ltd., wool and skin merchants, N.S.W.. at £34.465 for the year ended June ."•0. compares with £36.960 last year, which included £565-1 dividend from an investment. Dividend of L - a share (9.0!) per rent.', against 1 3 last year, requires £21.363, and £lO,OOO is added to reserve. Carry-forward is increased from £2llO to £5212.