COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1134, 23 May 1911, Page 8

COMMERCIAL ITEMS.

B INVESTMENT SHAKES. I Taranaki oil shares-came in for some attention vesterday. and changcd hand., $163. 3d."to 16s. 9d. A sale of Union j c steam at <ls. 3d. was also recorded. The s buying and selling quotations were as uncler:- Buvers. Sellers. II x £s. d. £ s d. ? National Bank - 7 6° 0 1 Wellington Investment ... Oil J • Well. Trust and Loan ... 713 0 716 6 1- Well. Dcoosit ° ° „n n g Nanier Gas " IJf ® 9 J Gas — » ° ® Well. Gas (£JO> - ' »J c . 0 Well, fias (new 7 3 j. 0 Meat Export. (£5) 6 5 0 't Meat Export '£4) ~ ® ' 9 h Meat Export (525. 6d.l — 3. 6 6 't Union Steam - iJ; s , Well. Steam Ferry 0 1Z 0 , Well. Woollen (prof.) ... 3 ° 0 - a Wostport Coal 18 0 13 6 1S Loyland-O'lSrien 1 ' ' ~ 1- Manning and. Co 4 6 6 -- i- Miramnr. .Lt 1 ■- « 2 6 N. 7., Drue .. ■ 9 0 . - 1 N.Z. Paper Mills 7 13 0 ." Taranaki Petroleum 016 9 Ward and Co 5 0 0 —

WELLINGTON STEAM FERRY. The balance-sheet of the Wellington Steam Ferry Company, Ltd.. for the year ended March 31 has been circulated. I lie net profit for the year is £2487 19s. Ud., and there was brought forward from the previous vear £526 Is. 7d„ makmg available £5014 Is. 6d. The directors recommend that a dividend of 6 per cent, should bo paid to shareholders. This will abr.orb £2695 175., leaving £318 4e. sd. to be carried to next year's account. In t.heir report the directors say:—"During tho summer months the directors offered for sale certain unsold sections o£ the company's land, on very favourable terms to buyers, but only a limited number of sections were sold, the market for Wellington suburban property being still very quiet. The directors. however, aro pleased to be - able to state that the number of bouses in Day's Bay is gradually and steadily increasing, and this fact will no doubt aid tho company materially iu quitting the balance of tho unsold sections."

Tho receipts «how profit on land ki!of. £220 14s. 6d.; interest, £249 12?. 9(1.; divi-dc-nd on Wellington Harbour Ferries shares. £1307 125.; profit on working account. £1567 4s. 8(1. Tho expenses of management totalled £455 3s. 10d.; auditors' fees. £10 10s.; and vales and Usee, £391 12s. 9d.

WELLINGTON HARBOUR FF/RIIIES. The balance-sheet of the Wcllinffi°:i Itarhour Ferries, Ltd., for the year ended March 31 shows that tlie s operaUonj resulted in a profit of £1855 4s. '^ t g - L wiping out tho debit balance of £44j 19.. JQd! from Inst venr. there remains a n-t balance of £1442 <3. 4d. D«»™^! 011 *° tho extent of £1122 Bs. lOd. in ..io pany'a steamers and property has been provided . for. The directors recommend the .transfer of the amount of £cCO appearing in tho balance-sheet a? cc Jj dent Insurance and Contingent Leserye to "Dividend Account," which, with the balanco of £1442 4s. 4d.. will leave the amount of £2042 <!s. 4d. available for distribution. A dividend of 7 per rent, is declared, which will absorb £1529 155., and leave a balance of £512 9?. 4d. to be carried forward. The company is Uuildir.s a u ew small tui?, somewhat larger than the Puot. for general harbour work. The vessel should be in commission some time in June, and it is anticipated that she will prove very useful to the company.

Customs duty collected at the port of Wellington yesterday amounted to £1267 16s.