COMPANY AFFAIRS

Wanganui Chronicle, 10 March 1947, Page 8

COMPANY AFFAIRS

Bond’s Hosiery Mills (N.Z.): The Stock Exchange Association of New Zealand has been advised that at the annual meeting on March 28 the directors will lecommend an annual dividend of 10 per cent, (unchanged) for the year ended January 19, 1947. Share registers will be closed from March 14 to March 28, inclusive. The dividend, if confirmed, will be paid immediately after the annual meeting. Capel Court, Ltd.—Net profit of £5632 was earned by the Capel Court Investment Co. <Aus.) Ltd., Melbourne. for the year ended December 31. against £4304 the previous year. Dividend of 31 per cent, against 31 per cent., requires £4718 and £5OO has again been transferred to reserve. DUNLOP (N.Z.) CALL The second instalment of 5/- on both ordinary and preference shares in Dunlop (N.Z.) Ltd. is due on March 31. Instalments may be paid in to any branch of the Bank of New Zealand, if cheques are forwarded to the bank through the post, they should be made payable to the bank and crossed. No exchange need be added. It is unnecessary for share certificates to be sent in for endorsement until the shares are fully paid (£1 per share); and till thi s time the share certificates, with bank lodgment slips attached, will be acceptable to sharebrokers. The shares will be quoted on the various stock exchanges from March 17, on the basis of 10/- a share paid

up. Transfers received by the company after this date, in respect of which 10/- a share has not. been paid up, cannot be considered for registration and will be returned. BERLEI NEW ISSUE Berlei, Ltd., Sydney, proposes to issue about 50,000 ordinary shares of £1 each at a premium of 20/-. The charge of 40/- was included in the Treasury approval of the issue. The new shares will be offered to shareholders at the rate of three for every ten ordinary shares held. Shareholders will first be asked to increase nominal to £500,000 by creating 250,000, shares of £1 each. Paid capital is now £213,063 ordinery and £50,000 preference. The increase is necessary because of expansion of the last three years and the prospects of further expansion, the directors say. Last sale of the shares on the Sydney market was 55/-, on which an ex-rights price would be about 51/6. makinp the rights worth .11/6.