COMPANY AFFAIRS

Wanganui Chronicle, 10 November 1950, Page 10

COMPANY AFFAIRS

DIVIDEND PAYMENTS Wilson's (N.Z.) Portland Cement Ltd.: Interim, 3}d a share (last year, interim 3a, final 4d., total 7d or 5 5-6 p.c.); payable November 29, ex November 18. National Timber Co. Ltd.: Interim 6d. a share (last year, interim 6d, final 6d. special dividend from capital reserves 6d, total 1/6); payable November 20. New Broken HiU Consolidated Ltd.: Interim 6d sterling a share, less United Kingdom income tax (last year, interim 6d, final 1/-, total 1/6); payable January 1. Associated Pulp and Paper Hills, Ltd.: Interim, 3 p.c. (last year, interim 3, final 3, total 6 p.c.); payable December 15. Australian Paper Manufacturers Ltd.: Debenture interest payable December 31, ex interest December 1. GOLDEN BAY CEMENT Net profit of the British Standard Portland Cement Ltd. for the year ended June 30, 1950, was £6773 against £5983 the previous year. Dividend, raised from 4d to 41 a share, takes £6053, leaving a carry’ forward of £2944, 1 against £2425 brought in. The directors state that arrangements have been completed, subject to some minor details, whereby <.he nev capital required by the subsiblary, the Golden Bay Cement Co. Ltd., for expansion of its plant will be provided by Associated Portland Cement Manufacturers Ltd., ot London, and British Sttmdard Portland Cement Ltd. It las also been decided to extend the wha.f ar 7ax;’kch** to improve the facilities for loading vesw’s. Tc meet these commitments t wi 1 tie rtcessary to call up tne remainder of the urcr bed capital. It is intended to make tlr.ee calls of 1/3 a share at intervals of s‘x me i ths The first of these calls is payable Nov. ]<. Net profit of the Golden Bay Cement Co. Ltd., was £5114, against £4260 the previous year. Dividend, tr’sed from 5 p.c. to 6 p.c.. takes £4851. leaving a carry forward of £4417, ag’inst £4154 tiougrr. in