COMMERCIAL ITEMS

Dominion, Volume 12, Issue 289, 2 September 1919, Page 8

COMMERCIAL ITEMS

INVESTMENT SHABES.i J Sales of Huddart-Parker ordinary shares at 49b. and 48s. 9d. were made ou 'Ohango yesterday, and a sale of N.Z. Refrigerating at £4 10s. was reported. The quotations were as under:— •• ■ Buyeri. Sellers. £s. i, £s. d. Dank N.Z. (£3 6s. Bd.) ... - -15 0 0 Union Bank ,6910 0 60 0 0 Ohristchurch 'Gas — 6 8 6 National Insurance, 4 3 0 — Now Zealand Insurance 110 6 — Standard- Insurance — 3 2 6 N;Z. ltefriserating 4 9 6 - Meat Ex. (£2 12s. 6d.) ... 3 5 0 - Huddart-Parker-(ord.) ...2 8 3 2 8 9 TJ.S.S. Co. (pref.) .; 110 116 P. & O. Deferred Stock £30'0 0 - 535 0 0 Weßtport Coal 18 0 — Lcyland-O'Brien Timber 17? — . Golden Bay Dement 18 3 -> Well. Cordajje — 13 0 Wilson's Cement 016 2 016 4 Inscribed Stock 95 17 6 96 5 0 War Bonds (1938) « 0 0 — War Bonds (1930) . 96 (HO . - 6 per ceiit. P.O. Bonds ... 96 0 0 — CUSTOMS REVENUE.. Customs revenue collected at the tort of Wellington yesterday amounted to £880019 a. NATIONAL BANK. The" net profit earned by the National Bank of New Zealand during tho year onded March 31 last amounted to £186,862, as compared with £148,995 for the previous year. Tho' sum available for distribution was shown at.. £232,432. The return to shareholders was 12 per cent, by way of dividend, and 1 per cent, by way of bonus, -the'~saino' as for 1917-18, absorbing £97,500, of which £45,000 was paid as an interim dividend. Tho Bum of £20,000 has been added to the reserve fund, £25,0C0 'has been. written off' premises account, £12,500 has been' paid as a,bonus to the staff, £5000 has been allocated .to depreciation of investments, and £7500 to pension fund. A balance of £64.932 is carried forward, ajraiust £45,549 brought into the accounts. , The capital, of the bank has since : been |,: increased by the issue, of 100,000. new | shares at a premium. of £3 * per share. ,-Lloyd's Bank took up 50,000 of these new | shares. By this issue the capital will be raised to £1,000,000, in addition there will'be uncalled capital amounting to £2,600,000, and the reserve fund will stand 1 at £1,030,000, ....