THE SHAREMARKETS

Wanganui Chronicle, 17 May 1950, Page 8

THE SHAREMARKETS

WELLINGTON, Last Night (PALStock Exchange: Late Yesterday, unofficial, 500 N.Z, Motor Bodies, £1 18s; 200 R. and E. Tingey. £1 Os 9d. Sales today: £2OO 3 p.c. 1952-55, £99 17s 6d; £3OO 3 p.c. May 1953-56, 3 p.c., £99 7s 6d; £133 3 p.c. December 1953-56 <4 sales). £lOO 10s; £4OO 3 p.c. 1955-58, £99 15s; £3OO 3 p.c. 1931-64, £99 7s 6d; £6OO 3 p.c. 1961-64, £99 10s; £5OO 3 p.c. 1962-64. £99 ss; £2lOO 3 p.c., 196365, £99 ss; 100 National Bank of N.Z., £2 17s 6d; 100 National Insurance, £1 ss; 125 Timaru Wool, £1 8s; 125 Dunlop, N.Z. ord., 16s 3d; 425 Dunlop, N.Z. pref., 18s 6d: 1000 Hallenstein Bros., £1 10s 6d; 52 N.Z. Drug, £5 15s; 25 N.Z. Drug, £5 15s. Unofficial: 397 Mackintosh Caley P, contrib., 14s; 200 Whakatane Board Mills, 18s 3d; 100 Whakatane Board Mills, 18s lid; 100 Whakatane Board Mills, 18s; 520 Whakatane Board Mills (2 sales), 18s. Radio Corporation N.Z.: Annual dividend 41 per cent., ex div., May 22. National Reliance Invest. Co. Ltd. annual dividend, 51 per cent., payable May 26 ex div. June 10, 1950. N.Z. PAPER MILLS LTD. The directors of the New Zealand Paper Mills Ltd., in the annual report for the year ended March 31 last, state that after making provision for depreciation and taxation and for bad and doubtful debts, there is a balance in the profit and loss appropriation account of £51,138. Deducting the interim dividend paid on November 30, 1949, requiring £6OOO, there is available £45,138. The directors recommend that this amount he dealt with as under: Payment of a final dividend of 4 per cent, for the year ended March 31, 1940 (makffig 7 per cent, for the year), £BJOO, and carry forward £37,138.