CUNARD LINE’S SURPLUS

Press, Volume XCV, Issue 28258, 22 April 1957, Page 13

CUNARD LINE’S SURPLUS

(N.Z. Press Association—. Copyright) LONDON, April 19. The Cunard Steamship Company has announced an operating surplus for 1956 of £8,419,874, against £7,405,872 for 1955. The surplus for the year, after providing for depreciation, taxation and other charges was £2,260,971 against £1,827,696 in 1955. During 1956, £500,000 was transferred to reserves and £759,561 was retained by subsidiary companies, compared with £500,000 and £294,106 respectively for the previous year. The company’s directors have recommended a final dividend on ordinary stock of 8 per cent., less tax, on the ordinary capital of £13,000,000. This made a total gross dividend for the year of £1,430,000 against £1,300,000 in 1955.

SHAREMARKET INDICES Sharemarket indices are:—

New York.—Dow Jones. Shares Sold. Rail. Indus. Nov. 30 .. 151.02 472.78 2,30U,000 Dec. 28 193.56 496.41 2,790,000 Jan. 31 148.79 479.12 1.920.000 Feb. 27 141.04 466.26 1,620.000 Mar. 29 144.05 474.81 1,650,000 April 10 145.21 485.17 2,920,000 April 11 147.11 484.70 2,350,000 April 12 146.51 486.72 2,370,000 April 15 146.20 485.84 2,010,000 April 16 145.59 484.32 1,890,000 April 18 145.26 488.03 2,480,000 London.—Financial Times: Indusord. (1935 equals 100 ; Govt., 1926 equals 100; gold, 1955 equals 100. Indust, ord Govt Gold. Nov. 30 . 163.5 82.38 71.1 Dec. 31 . 178.3 84.74 78.7 Jan. 31 . 187.4 89.41 74.4 Feb. 28 . 188.7 88.88 73.0 March 29 . 189.8 87.18 67.1 April 8 . 197.2 87.34 68.2 April 9 . 197.1 87.34 - 68.1 April 10 . 197.6 87.24 68.0 April 11 . 197.9 86.98 69.4 April 12 . 198.4 86.92 69.4 April 15 . 199.2 86.64 68.6 April 16 . 199.8 86.26 68.8 April 18 . 201.0 86.10 68.4 Sydney—Morning Herald (1934 equals 100). SilverBanks Retail Indus. Lead Jan. 31 190.36 248.95 191.51 631.46 Feb. 28 186.51 253.77 193.7 645 43 March 29 184.16 244.77 191.20 619.37 April 9 184.29 252.83 195.52 654.13 April 10 186.64 253.14 195.04 664.20 April 11 186.62 255.54 193.44 660.70 April 12 186.63 256.50 195.64 657.60 April 15 186.66 255.51 193.25 655.40 April 16 186.66 257.24 193.02 649.35 April 18 186.43 256.80 192.80 646.37 ■ Demand foi Holden Cars.— -Preston Motors (Holdings), Ltd., hag orders on hand exceeding the current year s full allocations to the company, the chairman. Mi H. T. Curtis, said at the annual meeting In Melbourne. (Prestons is one of Melbourne s leading distributors of Holden cars, and also has the franchise for Chevrolet and Buick cars.)