DEALINGS ON ’CHANGE

Dominion, Volume 33, Issue 190, 8 May 1940, Page 12

DEALINGS ON ’CHANGE

Yesterday's Business RETURN ON INVESTMENTS Sales) recorded on Dominion stuck exchanges yesterday are shown in the following list. In the second column is given the return based on the last annual dividend from investment at the quoted price. ’l'he return ol’ I per cent. Government loans iucludct' redemption:—

A.M.P. SOCIETY New Business Increase New business written by the Australian Mutual Provident Society in 11)39 increased compared with 1938 and the sums assured were the largest for any year excepting the record year of 1937. 'Che total of the accumulated funds of the ordinary and industrial departments increased by £-1.842,319, and now amounts to £118,275,149. The investment and , contingencies reserve funds increased to £2,500,000, and provision for accrued taxation to £300,000. The book values of office premises and other assets have been further written down by £208,763. A special reserve of £650,000 has been made in the valuation balance-sheet of the ordinary department. The rate of interest, realized on the mean funds was £4/7/8 per cent., against £4/7/7 per cent, in 1938. Taxes paid during the year amounted to £364.429, compared with £327,368 during 1935. The latest report ami balance-sheet disclose a very solid linancial structure. Satisfactory margins are disclosed in all factors upon which progress, and security depend, and at a time of rising costs the reduction in expense rates is an outstanding achievement. Assurances iu force have reached over £375.000,000. All policies issued before the outbreak of war will not be subject to any extra premium to cover war service with the Allied forces. The new business at £29.407,675 —an increase of £302.992 over 1938 —is one of tlie highest totals of business written by a life office in the Umpire. The society's investments in various loans to the Governments, local government authorities and public bodies in New Zealand, the Commonwealth and the Slates of Australia, other Dominions and Great Britain, now amount, to over £70.000,000. while advances on mortgages total over £30.000,009. The A.M.P. has no funds whatever invested outside the British Empire.

Burns Philp Profit. Higher

Burns Philp and Co.. Ltd., shows a net profit, of £260.621 for the year ended March 31, compared with £251,144 for the previous year. Dividend at a steady rate of .10 per cent, requires £200,000 on the increawl fully-paid capital. A transfer of £25,000 will make the reserve fund £1,250.000. It is proposed to add £25,000 to the warrisk insurance fund established the previous year, and to place £lO,OOO to the staff retirement fund, leaving £26.974 to be carried forward, against £26.353 brought forward.

The directors report that the policy of expansion in the merchandise section has resulted in a further substantial increase in sales. Shipping was rendered difficult, through the steady advance in costs of wages and materials, with the additional expense of the war risk insurance. A branch was opened in Darwin in October. Anthony Hordern And Sons Ati't.hu'U.v Hordern and Sons. Ltd., has advised the Stock Exchange Association •th'iit the company's transfer books will be closed from May 16 to 29, both days in,clu«i re. Bradford Wool Market (By Telegraph.—Press Assn.—Copyright.) BRADFORD. May 6. '.rim Government’s requirements are absorbing a substantial part of the total output of the mills. Though I here is a restricted home civilian trade, machinery activity as a whole is fairly well maintained. New business in yarns is mainly for the export, section. Prices are unchanged. The export of tops is restricted to the merino qualities. New Zealand Exchanges lelegraphie rates of exchange. New Zealand on Hie overseas centres mentioned, were quoted yesterday by the Bank of New South Wales as follows:— On. Itiiving Sellin". New York. dot. to.BN.Z. 3.2512 3.3(150 Montreal, dot . to.CN.Z. lI.GUIIO 3.5290 Belgium, bel. .. to .CN.Z. 1'J.121 18.930 France, ITs. ... to .CN.Z. t-12.61 1111.70 Greece, dree. .. Io -C.N.Z. — 421.711 Holland florins to .V N.Z. <1.151 5.11G1 Italy, lire .... to CN.Z. —- 52.0(1 Java. Ilorins .. to .CN.Z. G. 130 .1.160 Swilz’luiid. frs. to.CN.Z 11.532 11. ISO 11. Kong, N.Z.d. 1.0 did. ISj IS.TJ.UI India ami Ceylon. N.Z.d. Io rnp 22 5-32 22 111 -i:| Japan, N.Z.d.to yen .... — 2123-01 .Manila, N.Z.d. to peso .. 30 9-10 :»7 7-lii Shanghai, N.Z.d. to del. —- 4.59-04 Singapore. N.Z.d. to did. 34 41-114 35 11-01

WELLINGTON Yield p.c. or 1 Sa 1 c Xu. of price nieuL. shares. .£ s. ( i •- (| 50 Bank <>1 N.Z. ... *2 3 1) 1 11 11 ."«! X. Koller Mills . <1 0 IJ ■1 .10 (i 100 N.Z. Itel'rig.. 10,'paid U 'J 6 «.» 15 ' i .300 Oamaru oollen uO 19 0 6 11 o ♦Late sale Monday a Reported after last call AUCKLAND. <• < d. j; K d. Williamson Pictures, 7-■ p.c.. 5/6 19 9u 0 0 — Comm. Bank Ausir. .. 0 .to <» 4 f 11 N.Z. Insurance 3 4 h - 0 South British Insur. .. 2 8 V — 19 0 Farmers’ A net.. A pref.. 11 odd lot 1. 1 4 I Ditto, B pref., odd lot 1 0 i > 4 18 > arra Falls 2 5 0 4 G 10 Renown Coal 0 1-2 (l 13 1 G. J. Coles ’*> 13 0 o >. 31.K. Mfrs.. odd lot •• *0 <» 0 — W. It. Carpenter .... 2 5 0 4 8 10 Unollieial List: Auck. Gas. 5 p.c. perp. stock *1<H 0 0 —>- ’’Late sale Monday GHRISTCHUKUJL £ s. d. *• Sd.. X. Koller Mills ‘1 0 0 •j 10 0 Woolworths Pptiea. .. 15 11 4 12 11 Laie sale Monday. DUNEDIN. e s. d. ■ s. . d. Govt. Stock. 1 p.c., 15/2/43-10 K'3 O 0 -■* 10 4 Ditto, 4 p.c.. Jo/4/ld-l'.l Wil 0 0 3 11 ,) Ditto, 4 p.c., .lo/6/o2-35 1(?5 11 0 3 12 •> N.Z. Betrig.. 10/- paid 0 . > 15 3 Oamaru Woollen 0 19 0 6 6 Kaiapol Woollen .... 0 15 4 9 8

Year ended March 31. 1038. 1939. 1940. £ £ £ Net protit . . 2-10,57-1 251,144 260,621 Div., 10 p.c. 150,250 181,250 200.000 To reserve . 75,000 25,000 25.000 War risk insur. fund 50.000 25.000 Staff retirement — . 10.000 Car. forward 31.459 20,353 20,974 Expenses, etc. 707,9-14 827,158 845.020 Depree., etc. 103.0111 130,033 121,042 Bad debts. losses 36,371 37.292 57,398 Gross profit 1.111,950 1 .246,2281.284,081