COMPANY AFFAIRS

Wanganui Chronicle, 16 October 1947, Page 10

COMPANY AFFAIRS

NATIONAL BANK OF AUSTRALASIA’S DIVIDEND. The following cable message, dated October 9. has been received by the National Bank ot New Zealand, Wellington: “The board of directors of the National Bank of Australasia Ltd. has decided to recommend to shareholders, subject to audit, jitiymcnt of a final dividend of 3 per cent, on both classes of shares. Net pioht for the year, subject to audit, was 1421.- , 951. Transfer books close November 13 to 2t> inclusive. Dividend is payable on November ( 26. The hank's capital at September 30 was £6.726,025.” The lull year's dividend is b per cent., unchanged.• < DIVIDENDS ANNOI NCED. Advice of the following company dividends lias been received by the Slock Exchange Association of New Zealand:--Perpetual Trustees' Estate and Agency tom- ; panv <>t N.Z.: An interim dividend al the rale <>f 9d. a share for the six months ended September 30 is payable on October 2-1. No fur- , ther transfers can be accepted prior to pay- , moil. , ..... Christchurch Building and Land Soeiet. (Permanent): The directors have decided on a further payment of 3'. per cent, interest on “A" capital shares, and per cent, dlstriliution of profit for the six months ended September 30. 19-17. Tills distribution together witn 31 per cent, interim payment, on May 1. makes a' total of 8J per cent, for the year (un- j changed). The share transfer books are not being closed. HAY’S I’KOITT RISE. The accounts of Hays. Ltd., drapers, fur the vear ended Augu.,l I’.', show a rise in nc: piofil from £10.925 to £1(5.762. Stocks at 1120 ] 949 are up by £34,815. and slocks reserve at |. £16.086 bv £3OOO. 'l'll ’ transfer of £7OOO bring.-, ; the general reserve to £15.000. (.Toss profit ; was £12,756, against £31,181. Dividend is I held at I2J per cent., absorbing £5519. ami | f.l-l. i-U is carried lorward. against £13.210 ■ biought In. (Dividend ex October 16.) I The directors have decided to call up on | November 3 unpaid capital ot 5/- a share on | 23,406 shares. j SIMPSON A WILLIAMS. I'he accounts of Simpson and Williams. Ltd.. ' show a net profit of £33-17. against £3454 last i year, after deduction of £5262 for taxation. ' Gross trading profit was £40.157, against. £35,- | 020. The dividend recommended is 71 per cent., ' plus a bonus of 1J pci cent., unchanged.