COMPANY AFFAIRS
NO NEW TOOTH ISSVE Directors of Tooth and Co. Ltd. have not considered an issue of share capital of any kind, the chairman, Mr. R. J- Vicars, told the Sydney Stock Exchange last Friday. The directors knew of no reason, Mr. vicars said, for the extraordinary rise in the price of the company’s shares last Wednesday. (The shares rose 30/9 to £6/10/- on Wednesday. and fell on Thursday after Mr. Vicar s statement, by 28/- to £5/2/-). GISBORNE FARMERS An increase of £1434 to £13.339 in net profit is shown in the accounts of the Gisboine Sheepfarmers* Frozen Meat and Mercantile Co , Ltd., for the year ended August 31. unchanged dividends of 5 per cent, on ordinary mercantile shares are recommended, but tie payment on the ordinary freezing shares is reduced from 5 per cent, to 2 per cent lotai dividends require £5858 against £8023 in 1949. The sum of £5OOO is transferred to freezing reserve and £4967 is placed to mercantile reserve leaving a carry-forward of £12.160. against £14.647 brought in. Gross trading profit was £5284 higher at £77,238. Taxation amounted to £18,713 compared with £1b,417 in 1949. .
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19501102.2.7
Bibliographic details
Wanganui Chronicle, 2 November 1950, Page 2
Word Count
191COMPANY AFFAIRS Wanganui Chronicle, 2 November 1950, Page 2
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in