UNION STEAM SHIP COMPANY NET PROFIT £176,800.

Dominion, Volume 12, Issue 70, 17 December 1918, Page 9

UNION STEAM SHIP COMPANY NET PROFIT £176,800.

Tho annual report of the Union Steam Ship Company states that' cifter unking provision for depreciation on plant ana other contingencies, the net profit for tho twelve months, including interest, investments, and transfer fees, amounts to £176,808 9b. 10d. After deducting interest on debentures and interim dividends paid last May, there is Toft' ai the disposal of shareholders the sum of £151,692 15b. Id., w.hich tho directors recommend should bo appropriated as followsTo balance of dividend on preforence shares, 23 per cetjt. on £1,000,000, makinp 5 per cent, for the year, . £27,500; to dividend on ordinary shares, .6, per cent, on £1,030,000, making, with. the ..interim, dividend of 4 per cent, paid in ' May, 10 per cent, for tho year, £60,000; to balance to be carried forward to next year, £64;392 155.'1 d.; total, £151,892 15s. Id. On the liability side- of the balance-sheet are tho .following items:— Iteserveß, £150,000; insurance fund, £594,078 16b. 4(1.; debenture stock, 4J, per cent., first :morteaeo authorised, £2,000,000, issued and allotted, £515; reserve for liabilities not yet adjusted, including provision for allowances on the adjustment of contracts, Imperial, (Commonwealth,.. Dominion, and foreign taxes and-'extra depreciation, of 'steamers in the Government service, £5j7.'133 Bs.- lid.; voyages pending, freights and passages, less disbursements, £294,616 125.Id.; sundry accounts, £1,082,142 Is. 6d.j balance to profit and loss, £151,892 15s. Id.: capital. acqount, £2,000,000; total, £4,830 183 14s. 2d. On the assets side arc tho following items;— Shipping property, payments on account of now steamers, investments ill securities, etc., >£2,839,846. 25.; hullts, lighters. launches, etc., £48,568 Bs. 5d.; ooal stores, etc., in stock, £278,918 7s. 7d.; freehold and leasehold land, buildings, etc.! £119,508 16s. 9d.; sundry debtors, agents, trade debts, etc., £1 272,004 7b. Ud.;- cash in bank and. on hand at the head office and branches, £271,337 ,11s. 6d.; total, £4,830,183 14s. 2d. "

■ NAVTJA FOR SAN FRANCISCO. Tho arrival of tho cargo-carrier Navua, from San Francisco, via Papeete, was signalled yesterday, two days earlier than was expected, and at 10.30 a.m. she dropped .mohor in the stream. The Navua will not bc-rtli at Taranaki Street Wharf bpforo Thursday, afternoon to discharge a general cargo. Besides tho death (previously reported) of Mr. J. 0. Penman, second engineer, it is understood that four of the crew (natives) died before their ehin readied Papeete. The vessel ie being again thoroughly fumigated, although sho was a clean ship beforo sho left Papeete,

THE' SYDNEY BOAT'S.. The Moerak.i.and Manuka arc still idle at Sydney, According to advice received by the Union Company from Sydney ytstcrday.

THE DORSET. The date of the projected departure of the Dorset, which is now berthed at tho King's Wharf, reloading for Egypt, is Tuesday next, December 24.

THE DEVON. ' Tho F.S! liner Devon, which should arrive here <Sn Thursday from Waitara, is to Ic.avo about December 25 for Napier. She will return to Wellington for: jnal dispatch for Egypt on January 4.

THE ARAWA. The Arawa arrived at Gisborne on Saturday from Auckland' to continuo .her loading for ■ England. She was expected to leave there yesterday for. Napier and Wellington. Tho Arawa will arrive here on December 24, and sail for England on Now Year's Eve.

MINDORO FOR WELLINGTON. In tow of tho. tug Pelican tho American schooner Mindoro is to leave Lyttelton tomorrow afternoon for Wellington. She iB duo on tho following afternoon. The Mindoro will load here for San Francisco, taking in tallow and hemp from tho stores of Messrs.. A. S. Paterson and Co., Ltd. It is' expected that the schooner, which arrived at Lyttelton on December 4; will leave Wellington on her homeward trip before tho end of the month. The Pelican is to leave port this morning for the, Mindoro. .

FOR HOMEWARD LOADING.' The S.S. and A. Company's steamers Zealandic, Mamari, Matatua; and Coriiv thic will bo ready for Homeward loading in New Zealand in Maroh, and the Athcnic, lonic. Tainui, and Earanga in April.

FBDERAL-SHIRE BOATS LEAVE LIVERPOOL. .

■ Tho Wellington branch, of the FederoJBhire Line advisos that one of their steamers left Liverpool on December 2 for Port Chalmers, and a second on December 3' for- Wellington. 1 The names'o{ tho vessels are not known yet here.

The Harbour Board' 6 wharveß and stores will close for business at 4 p.m. on Thursday to afford employees in the Wellington South electorate an opportunity to record their votes. " . ' Messrs. A. S. PatQrson and Co. advise that they are the agent's to whom the schooner Georgette is coming from America. •. She iyas some distance' off the Heads oh Saturday morning, but was blown out of sight by the. stiff southerly galo that developed in the afternoon. The Georgette should reappear, any. tiino now. • The. Malta returned to Wanganui on Sunday afternoon, and'is due back hero this afternoon. Sho will sail to-morrow for Lyttelton. The John did not. sail for ..Timaru and Oamarii yesterday afternqon as was ex, pected. She is now dined to leave today, Rnd will, load at Oamarii direct for Wellington, arriving on Monday next: : 'Yesterday morning the'schooner Columbia was berthedat • Taranaki Street Whatf. ■: Her movements from this port are not definitely fixed, ... . . . . • The, cable repair'ship Iris has returned to Auckland. The C. D. Bryant was berthed at No. 14 Joryois Quay yesterday. 'Captain R. A. Williamson has been appointed master of the Tarawera in plica, of Captain Ryan, who has gone to Australia to join the Oonah, , Tho . American sailer Henrietta, . which is due &t Wellington" from San : Frandis'co, ib in c6mmand of Captain J. Morrison, who :.wa4 for- some time-a, master in-tho Union Company's service., , : Messrs. Johnston and Co. are the agents for Messrs, Miller., Bros.'s. steamer Hanaroa, whiih will receive Cargo for Dunedin, sailing • on Thursday.