COMPANY AFFAIRS

Wanganui Chronicle, 8 December 1948, Page 8

COMPANY AFFAIRS

INCREASES OF CAPITAL. Recent increases of capital include:— Robert Malcolm Ltd. Capital increased from £5OOO to £25,000. NoV. 18. (Chch.) Carpit Import Co.. Ltd. Capital increased from £25.000 to £75,000. Nov. 23 (Chch.) Kreglinger and Fernau (N.Z.) Ltd. Capital increased from £2OOO to £lO,OOO, Nov. 18 (Wellington). LUSTRE HOSIERY ISSUE. Lustre Hosiery Ltd . is issuing 40.000 ordinary shares of £1 each at a premium of 8s 6d. Ihe shares will be offered to ordinary shareholders in the ratio of one for six held on December 17. On the last market sale price of 39s the ex-rights price would be about 37s 6d, making the rights worth 9s. Proceeds of the issue of £57,000 will be used for new plant and general expansion. I ;ild capital will be* raised to £267 667 ordinary ana £83,333 preference. DIVIDEND PAYMENTS Union Steam Ship Co. of N.Z., Ltd An interim preference divideid of 23 per cent. being paid on December 16, ex November N.Z., Ltd.—The Anal preference dividend of 2i per cent, is payable on December 24, ex December 13. Parker Lamb Timber' Co., Ltd.—An unchanged interim dividend of 35 per cent, is payable on December 9, ex Dec. 7. Placer Development Ltd.: Interim dividends totalling 25 cents (Canadian) per fully, paid share have been declared payable to shareholders registered at close of business <;n November 19, 1948. The dividend will be paid from all offices of the company on 10. Payment from Sydney office will be mt de in Australian currency, calculated at the rate of exchange ruling <.n November 2U. Dividends payable to non-residents of Canada Win be subject to Dominion of Canada Absentee Tax of 15 per cent, (ex Nov. 20>. Westland Breweries Ltd.: A dividend of 8 per cent, has been reco.ru .unded lor the yea) ended June 30, 1918. and if approved* at the annual meeting to be h-.ld on December 8, the transfer ooo.es of company will be closed from Jc: iuer 15 o 29, both days inclusive. Last year thc-re was an interim payment of J per ent. an t a final of 6 per cent 1 ., making a t«.‘.al of I.' per cent. The company announced last Jure that it would revert to the pra .ice of making a single <nnual distribuii >n. Woolworths Properties Ltd.: A dividend for the half-year enden December 31. 1948, has been declared at the usual rate of 6 per cent, per annum on the preferred orlnary share capital of the company, based on shareholders as at December 31, 1948. and will be paid on January 15. 1949 (ex Dec. 18.) Masonite Corporation (Aus.), Ltd., is paying an interim ordinary dividend of 5 per cent., against 4 per cent, last year, on January 18.