DEALINGS ON CHANGE

Dominion, Volume 33, Issue 191, 9 May 1940, Page 12

DEALINGS ON CHANGE

Yesterday’s Business RETURN ON INVESTMENTS Sales recorded on Dominion stock 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. The return of 4 per cent. Govern meat loans includes redemption:— WELLINGTON

Westport Coal Dividend (By Telegraph—Press Association.) DUNEDIN. May 8. The directors of the Westport Coal Company, Ltd., have declared an interim dividend of sixpence a share payable on May 24 to all shareholders on the register at May 8. The dividend is at the unchanged rate of 10 per cent, per annum. N.Z. Paper Mills Year Dominion Special Service. DUNEDIN, May 8. In their annual report to shareholders, the directors of New Zealand Paper Mills, Ltd., state that, after making provision for all bad and doubtful debts, depreciation, income tax and Social Security tax, a balance of £31,111/1/1 remains, less the amount of the interim dividend paid in November, £6OOO. This leaves £25,111/1/-, and the directors recommend payment of a dividend at the rate of 4 per cent, for the half-year, making 7 per cent, for the year, which will take £BOOO, leaving £17,111/1/1 to be carried forward. “The year,” the report says, “has been an eventful one, and the war, with its consequent demands and various control regulations, has presented many difficulties. The works have been freely occupied.” Mr. John Elvidge was appointed to the board of directors to replace Mr. C. W. Rattray, who died during the year, and Mr. Rocke O’Shea now represents the board as local director in Wellington.

Amalgamated Wireless The directors of Amalgamated Wireless (Australasia) Ltd., iu an interim report state that gross trading results tor the half-year ended December 31 were satisfactory and compared favourably with those for the corresponding period of the previous year. There had been an increase of revenue in' some departments and a decrease in others. Business in Australia might be affected by present world conditions uud the directors felt it injudicious to attempt any forecast of future results. The services of rhe chairman, Sir Ernest Fisk, had been lent to the Australian Government in the capacity of Director of Economic Co-ordination and secretary to the Economic Cabinet, Colombo Tea Market (By Telegraph—Press Association.) DUNEDIN. May 8. Mr. L. M. Wright has received a cabled report that at the Colombo tea auction of May 7, 1,500.006115. was offered. Competition was keen, all grades being in good demand at firm to dearer rates, better grades advanced ft farthing. A further 1,500.0001b5. is catalogued for next week's sale.

AUCTION DIARY TODAY. North Road, Manakau. J) a.m.—Clearing Sale acc. L. L. Jensen (N.Z. Loan and Merc.). Dannevlrke Cattle fair. 1) a.m.—MOO Cattle, 2000 Sheep. Eketahuna Sale, 11.30 a.m. Waiwhetu Road, Lower Hutt, 12.30 p.m.— Dispersal Sale, ace. W. It. Maunderson (Wright, Stephenson and Co.). Chester Road, Carterton, J p.m.—Clearing Sale, acc. Mrs. W. W. Abbott (Wright, Stephenson and Co.). TOMORROW. .10 Uinau Street Lower Hint, 10 a.m - Salo Superior Furniture (C. W. Price) 10 Aurora Terrace. 10.30 a.m.—Sale Household Furniture (E, Johnston). Carterton Sale, 11.30 a.m.—Mixed Stock. 8 Willeston Street, 1.30 p.m.—Salo Furnltnrtb Lino, etc, (E, Johnston) 9

Sale Y ield p.e on invest’ No. of price. merit. shares. £ 8. 1. L s. <1 £3000 Govt. Slock. M p.c., 15/1/53-57 *100 10 0 3 10 .. £500 Ditto, 34 p.e„ 15/1/53-57 .... 100 10 0 3 10 — £1000 Govt. Bonds, 34 15/1/53-57 .... 100 10 0 3 10 £400 Govt. Stock, 4 p.c., 30/11/48 .. 105 0 0 3 9 1 £300 Ditto. 4 p.c.. 31/5/54-58 100 10 0 3 11 10 £050 Ditto, 4 p.c.. 15/5/49-52 (2) 105 17 6 3 10 9 £1000 Ditto, 4 p.c., 10 15/4/46-49 .... 103 0 0 3 O £200 State Advances, 38 p.c., 1/9/5560 1198 5 u — 104 Bank of N.Z., D. inert 1 9 6 5 1 8 300 South British Insurance 2 8 0 24 19 0 100 Prestige (N.Z.), pref 1 ** 3 4 10 150 Kotolti Timber 0 4 0 10 0 0 90 Broken Hill Pty. 2 10 6i —- JOO Woolworths Ltd. 1 0 O 4 7 6 500 Ditto 1 0 yj4 4 10 100 Woolworths Properties 1 6 J. 4 .12 0 100 Ditto 1 6 0 4 12 0 •Late sale Tuesday a Reported after last call. i Tinterim dividend reduced. AUCKLAND. £ s. 1. £ s. d. Govt. Stock, m p.c., 15/1/53-57 100 10 0 3 10 Hamilton Boro.. 4£ p.c.. 1/7/55 10a 0 0 4 — Comm. Bank of Aust. 0 15 9 9 11 Bank of N.Z - 3 6 4 11 11 South British Ins. .. 2 8 0 2 19 0 Auckland Gas *0 9 3 4 17 3 Howard Smith 1 3 6 4 0 1 Doni. Breweries 1 13 6 3 3 G. J. Coles 3 13 6 0 0 Farmers’ Trading .... *1 1 0 6 13 4 Woolworths (N.Z.) ... 0 17 7 4 10 11 Woolworths Ltd *t 0 9 4 4 4 Ditto 1 0 6 4 4 Woolworths Pptles. (2) 1 6 0 412 3 Woolworths Holdings 15 3 3 (S.A.) *0 t) 6 Unofficial list: Selfridges (A/asia.) .. 0 13 9 *Late sale Tuesday. CHRISTCHURCH. £ s. d. £ S. d. Dunedin City, 41 p.c., 1/4/43 102 10 0 National insurance ... *0 19 4 3 17 7 N.Z. Breweries 1 17 0 4 11 10 Broken Hill Ppty 2 10 31 — Hays Ltd '. *0 16 0 ;> 12 6 N. Roller Mills 1 0 0 4 10 0 Woolworths Ltd. ...» 1 0 fl 4 0 8 Ditto 1 0 4 0 2 Ditto 1 0 6 4 0 4 Woolworths Ppties. .. 1 6 0 4 12 3 * Late sale Tuesday. i Interim dividend reduced. DUNEDIN. £ s. d. Al s. d. Kaiapoi Woollen. 0 1o 14 4 9 11 Broken Hill Pty 2 10 th Ditto 2 JO 31 —- G. J. Coles 3 13 9 5 1 8 i Interim dividend reduced.