COMPANY AFFAIRS

Wanganui Chronicle, 31 October 1946, Page 2

COMPANY AFFAIRS

INCREASED DIVIDEND OF WOOLWORTHS <N.Z.> A final .dividend ot 9 per cent., making 14 per cent, for the year, a rise of 2 per cent., is recommended by the directors of Woolworths (N.Z.) Ltd., according to advice received by the Stock Exchange Association. The dividend is payable on December 15, based on shareholdings as at November 30. The ordinary transfer books will be closed from November 19 to November 30. inclusive. The annual meeting will be held in Sydney on December 10. Net profit for the year ended October 2, subject to audit was £325.368, which Is subject to provision for taxation of £200.000. Net profit in 1945. after providing for taxation and depreciation, was £85.041. AUSTRALIAN COMPANY DIVIDENDS. Broken Hill Pty.. Co., Ltd.. Melbourne, is paying an interim dividend of 3$ per cent, on November 27. This compares with an interim and final dividend of 2i per cent last year. The dividend has been 5 per cent since 1943. but it was reduced from 61 per cent in 1942. It was 7J per cent in 1941. Broken Hill South Ltd.. Melbourne, will pay an interim dividend of 1 '3 a share on December 18. The last dividend was 6d a share in June. Burns. Philp and Co.. Sydney, has declared an unchanged interim dividend of 5 per cent., payable on November 15. COMPANY DIVIDENDS. The Stock Exchange Association has received the following advice concerning the payment of dividends: Burns. Philp and Co.. Ltd.: At a meeting of directors, it was decided to pay an interim dividend on November 15. at the rate of 10 per cent per annum (unchanged) for the six months ended September 30. being equal to 1, - a share. The transfer journal will be closed from November 1 to November 15, both days inclusive. Australian Consolidated Industries.: The directors have decided to declare dividends as follows: 44 per cent, on preference shares for the half year and an Interim dividend of 31 per cent, on the ordinary shares. Both dividends arc payable on December 11. Transfer books will be closed from November 11 to November 23. both days inclusive. Donaghy's Hope and Twine Co.. Ltd.: At a meeting of the board of directors It was decided to declare an Interim dividend of 9d. a share payable to shareholders on November 6. The transfer books of the company will be closed from November 4 to November 6. both days inclusive. LEADING INDISTRIALS EASIER Ol SYDNEY. Sydney, Oct.. •. With virtually free market conditions now operating on the stock exchange, leading industrialists to-day failed to hold yesterday'! recovery. The improvement which followed Broken Hill Proprietary's Increased dividend seems to have spent Itself and the sellers again dominate the market. Sales were: Commercial Bank of Australia, 20 9; Associated Nows. 20 9; Woolworths. 26 -; Lustre, pref.. 34/-: Mort’s Dock. 24'9: British Tobacco. 54 6. Howard Smith. 23'-; A C. 1.. 53'9: Bonds Tnds.. 33 -; Goldsbrough, 32 -: Colonial Sugar. £54.15. -; Mt, Lyell, 22/*? Broken Hill Proprietary, 41 3,