TAUPIRI COAL MINES

Dominion, Volume 33, Issue 192, 10 May 1940, Page 12

TAUPIRI COAL MINES

Net Profit Slightly Lower Net profit of £10,592, against £12,222 in the previous year, which was the best since 1931, was earned by Tanpiri Coal Mines. Limited, in the year ended March 31. Ordinary dividend for Jlie year is unchanged at 1/6 a share, or 74 per cent., and absorbs £9750, while preference payments require £l2BO. Gross earnings were ±29.116, against £31,174, while interest anil rents provided £2791, against £2706. , Results for the last three years com-

Money Market Rates (By Telegraph —Press Assn. —Copyright.) LONDON. May 8. The Bank of England rate of discount is unchanged at 2 per cent. Discount and short loan rates on the London market compare witli those’’ of May 1 us follows:— . ,

Stock And Share Indices

(By Telegraph. —Press Asso.—Copyriglil.i LONDON Muy 8. Today’s stock indices compiled by l * H ‘ "Fiiifinci .1 Times” with previous quotations are (October 15 11)26. equals 100):

Gold Mining Returns

'lihe Grey River dredge for the week ended May 8 returned .",614 ounces for 112 hours from 82,611 yards.

pare as follows: — Brought fwd. . 1938. 1939. £ £ . 3,324 4,907 1940. £ 6,099 Net profit . . . . . 9,363 12,222 10,592 £12,687 £17,129 £16,691 Dividends —• Pref., 6 2-5 p.c. . 1.280 1.2S0 1,2S0 Ord., p.c t> 7| .7-1 Amount . 6,500 9,750 9,750 Carried fwd. .. . £4,907 £6,099 £5.661 Balance-sheet movements are:LIABILITIES. Variation . £ • £ Paid capital . . 150,000 Same Dividend reserve • ... 1,720 Same Income Tax reserve . 8,751 -1,351. Creditors, etc. 1,983 -3,693 Rank 126 +126 P, and L. account .. . 15.411 -438 ASSETS. £ £ Land, buildings plant 82.S37 + 8.268 Mortgages 3.623 -842 Investments 61,546 -10.725 Debtors .... 25,152 +2,105 S locks 3,754 4-3,754 Cash and bank 1,080 -7:913 The 'balaucir g total of £17" .992 is £5355 lower. I'he fall in in vest men is is in holdings of Government loans.

May 1. May 8. )>.c. p.C. Day to <lay loans ... Fine trade bills • (3 trios, i 2| to 3 2J to 3 Brink bills <3 inns.) 1 1-lG 1 .1-111 Bank bills (6 nios.) 11-8 I 1.-8 Treasury bills .(2 iin>8.1 1 1 Treasury bills (3 nios. > 1 1 * NEW YOKE. May 8. Call money is unchanged at 1 per. cent.

Feb. 5 ... . Govt.sec’s. .109.2 1 lonie Rails. Industrials. 95.8 Gold mines. 11)0.1 Mar. 1 .... 109.9 54.1 101.6 195.9 Apr. 1 .... 108.6 98.2 196.1 Apr. 8 .... 108.8 56.1 99.1 198.5 Apr. 16 .... 108.1 54.2 98.1 196.1 Apr. 23 ... 108.7 54.1 96.7 196.7 Apr. 30 .. . 110.7 . ). 1> 96.2 197.9 May 2 .... 110,0 54.8 96.2 198.8 May 3 ... 111.1 i)-r 7 95.9 199.5 May 7 .... 1 11.5 54.6 95.0 197.6 May 8 .... 111.5 91.1 199.0