COMMERCIAL ITEMS

Dominion, Volume 13, Issue 64, 9 December 1919, Page 10

COMMERCIAL ITEMS

INVESTMENT SHARES. Yesterday's-quotations for investment iharee were ai' follow:— Buyers. Scllern £ a. d. £ 8. d. Inscribed Stock, .'.938 64 17 6 - TVar Bonds, 1938 94 17 6 - 6 p.o. P.O. Bonds. 3927 ... 98 0 0 - Commercial Bank (prof.) 6 10 0 national Bank 612 0 Bank N.S.W. (ei righta) ... - 35 0 0 Bank N.B.W. (rishts) ... 1210 0 13 10 0 Abraham and Williams 5 4 0 510 0 ■ Goldsboroupth, Mort 2 5 3 2 7 3 Loan and Mercantile ... - 120 0 0 Standnrd Insurance 3 0 0 — N.Z. P.efrlgerutintf ;ios.) 14 0 14 3 Adelaide Steam 2 11 0 „ - Huddart-Parker (ord.) ... 2 8 9 2 9 0 V. and O. Dtf. Stock ... '- 650 0 0 Kn-iapoi Woollen ...rvi ■: ■ ? 9 0 Westport Coal - 1« *> Kmirl' Timber' :: 0 17 0 ■liWland-O'Brien Timber 1 7 10 - Colonial Sugar <Au«.) ... - 25 5 0 Colonial Sugar (Fiji) ... 20 7 G - Golden Bay Cement 0 19 6 Howard Smith 1 17 0 Taper Milld 1 10 6 . - Well. Cordage , - ,1 to Wilson Oemcnt 0 15 6 0 1510

CUSTOMS IIEVEHDE. Customs revenue collected at tho iport of Wellington yesterday amounted to £2231 17s. SEAIU/AUD AND 00. PROPOSED ISSUE OF NEW SHAKES. Sharland and Co., wholesale druggists and mtinufncturinE chemiste, ipropose to increase the capital of the company. Thiß is ta be accomplished by the creation and iesuo of 25,000 hharcs o£ £1 each, to be offered for subscription to existing shareholders at par, and as nearly as poeeible in proportion to present holdinge, both preference and ordinary. The board consider it in tho best interests of the members of Uie company, as in those of the institution as a corporation, that £25,000 of tho raerve fund shall be converted into 25.0C0 fully paid-up shares of £1 each, for ,participation by shareholders according to their holdings in the same manner at the issue referred to. It is intended that both issues shall bo ordinary Bhares.

GEAR MEAT COMPANY. ANNUAL BALANCE-SHEET.

The following is tho annual report of the Gear Meat Freezing and PreserviiiK Company, covering the year elided November 30:"Owing to shortage of refrigerated tonnage tho frozen meat stores were kept well filled durinz the greater part of the year; consequently a. large amount of revenue was derived therefrom. Shipping for general cargo having been made available after Uie signing of the armistice, tho bulk of tbo tallow and pelts which had accumulated during the war became realisable, and met a very itood market. The proceeds have therefore added considerably to tho prolits for theperiod under review. j "Including the amount brought forward, and after making allowance for depreciation and payment of interim dividend, there remains t>, balance of £109,630 10b. 10d., which the directors recommend for appropriation ae follows:— £ s. (1. In ipayment of dividend of 1C per cent, for the ,ycar ended 30th ultimo, lese interim dividend ofu 5 per cent, paid in June 4,600 0 0 In payment of dividend of 5 per cent from profits earned by reBervo funde, less 2.\ per rait. paid in June 2.300 0 0 In payment of special dividend of 5 per cent, as last year .... 4.600 0 0 Appropriation towards liability for taxes, etc., in New Zealand ■ A and Great Britain 55,000 0 0 To bo carried forward to next year'e account 63.130 10 10 £109,630 10 10 "Offing to tho satisfactory condition of the company's insurant , ? reserve, the directors recommend the payment of a bonus of 15 .per cent, on the paid-up 1 capital out. of that account. The. direcI tors proposo to take.' into consideration the heat method of dealing with portion of tho reserve fund £oi tho benefit of shareholders. A meotine with this object will be called early next year. The directors dceire to express-their great recr«t that, owing to ill-health. Mr. W. H. Millward in relinquishing his poeition as managing director. Following upon his retirement, Jtr. Walter IT. Trine has heen appointed general manager. The retiring directors are Dr. A. K. Newman, "M.P., and Mr. Harold Beauchamp, who, being eligible, offer themselves for re-election. The auditors, Messrs. Ernest W. Hunt and E. B. Dymock, also offer thcmselveß for re-election. The amount for appropriation ie only a. portion of the profits of the company for the year. Tho proSts are really as follow:— £ To reserve fund 65.000 To insurance fund 20.C00 Interim dividend 6,900 "•Present appropriation 109.012 £200.912 "The reserve fund stands at £350.000. and the insurance fund at £217,152 Bs. 9d." N.Z. LOAN AND SrfIT!OAffTILE AGENCY COMPANY. The New Zealand Loan and Mercantile Agency Co., Ltd.. lias received a cablegram from its London office intimating that tho company will hold its animal meeting in London on December 18. After carrying £25,000 to general reserve account, writing; £10,000 oil' premises, appropriating £10,000 to staff benevolent fund, and payment of interim dividend on preference nnd ordinary stock, the directors reoommend payment of a final dividend of 2J per cent, (making 5 per -cent, for the year) on preference stock, and final dividend of 3J per cent, aad bonus of 2 per cent, (making 8 per cent, for year) on ordinary stock; also 2\ per cent, dividend on preference and Q per cent, dividend and. 2 per cent, bonus on ordinary new issue stock; all less English income tax. This leaves £35,745 17s. Fd. to be carried forward. Tho reserve fund now stands at £575,000. THE METAL MARKETS. Australion-ICew Zealand Cable Association, (Rec. December 8, 9.51 p.m.) London, Decejnber 5. Copper—£lol 2s. 6d.. £102 7b.'to.; electrolytic* ingots, £108; wire bars, £110; beet selected copper, £108 10b. Lead.-£<o 2s. 6d., £40 53. •Spelter.-£sl 155., £52 sb. I Tin—£29B 12s. 6d.. £300 2s. 6d. Silver.—7Bd. per oz. '■