COMMERCIAL ITEMS

Dominion, Volume 11, Issue 48, 20 November 1917, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES. Yesterday s quotations for investment shares were as follow :-

Buyors. Sellers. ~ , £ •. d. £ a. d. National Bank — 5 7 8 Bank N.Z. (old) - — 12- 7 6 Wauk N.Z. (now) — 17 g N.Z. and River Plato 116 3 — Chnstchurch Gas 60 0 62 6 S.B. Insurance — 617 0 Huddart-Parker (ord.) ... — 114 0 N.Z. Refrigerating (£10) - 19 10 0 Well. Meat Eiport (£4) ... — 5 0 0 Ward and Co _ 510 0

Customs duty collected at the ,port of Wellington yesterday amounted to £4985 17s. 3d.

MAROONI WIRELESS TELEGRAPH CO. The canuaj roport of tho Marconi Wireless Telegraph Company for the past year says:— ,

"Tie not iproflt-s of tho business during t.ne year, added to the balance brought forward from last account? #utcr providing ei .P eDSOS °f management, depeciation, ,n ,j otllor Cl Penses, amount to £625,979 12s. 6d. Prom this have to be deducted the following dividends:—On preference shares, i*™ 1 SSV«. for the year > P aill February 1, 1917, £17,600; on ordinary shares, an interim dividend of 5 per cent., paid February 1, 1917. £61,134 8b.—£78,634 8s„ leaving available for distribution by this meeting a balance of £547,345 4s. 6d. The dlreotors reoommend payment of further dividends: On ordinary sharos 10 per cont. for the year ended December 31, 1916 —£122,268 165.; on [preference shares 5 per cent, for the year ended Deoenibr 31, 1916, £12,500—J8134 - 768 165.; leaving £412,576 Bs. 6d. It is proposed to transfer to general reserve account £32,469 19s. 6d„ and to carry forward to next account £380,10 6 9s. The general reserve account will then stand at £1,000,000. The directors do not recommend the distribution of larger dividends, as in view of the demands for apparatus and material likely to he made upon the company on the cessation of hostilities, and the uncertain financial outlook, they deem it prudent to strengthen its financial position. Following our usual custom, shares in associated companies and patents are taken into account in the balancesheet at their cost iprice-namely, £1.403.923 ?t' ?j' shows an increase of £20,265 16s. Id. The par value of the shares now stands at £2,487,450 14s. 10d., exclusive of snares which hare no capital denomination.

limes are too keen for cheese factory managers•_to make use of any but the most efficient methods. No cheese vat carries off the whey so quickly and thoroughly as the "Victor"-tho vat with sloping bottom and middle drainage Ortta early-steel is short, A. J. Parton, Sheet Metal and Plumbing Works Pembroke Street, Carterton.-Advt.