FINANCE & COMMERCE

Dominion, Volume 35, Issue 262, 4 August 1942, Page 2

FINANCE & COMMERCE

Stock Exchange Sales Dealings in stocks and shares recorded on New Zealand Stock Exchanges yesterday were as follows, the number of shares in each lot being shown in the case of Wellington:—

AUCKLAND. Inscr. Stock, 4 p.c., 1952-55, £lO6/10/.; Auckland Gas, perp, deb., £7B; Comm. Bank of Aust., pref.. £9/15/6; N.Z. Insurance, £3/7/6; Farmers’ Auct., £4/10/-; Auckland Gas (2), 6/5; A.C.1.. £2/4/3; Broken Hill Pty., £l/15/6; Consol. Brick, 7/2: Reid Rubber, £l/1/4; Wool worths (N.Z.), 14/1; Woolworths (Syd.), 15/-; Una Hill, 3d. Unofficial list: Walker and Hall, 15/-. DUNEDIN. Woolworths (Syd.), 14/10}, 15/-. CHRISTCHURCH. Inscr. Stock, 4 p.c., 1952-55, £lO6/10/-; N.Z. Refrig., £1 paid, £l/1/6; Woolworths (Syd.), 15/-. Bank Of N.S.W. Dividend The Bank of New South Wales advises that an interim quarterly dividend has been declared of 6/- a share in Australian currency, payable at head office on August 27, and at branches on receipt of advice. Transfer books will close on August 10. , N.Z. Insurance Co. Dominion Special Service. AUCKLAND, August 3. A record premium income of £2,079,840 Is tjhown in the accounts of the New Zealand Insurance Co., Ltd., for the year ended May 31. This is an increase of £131,245 on last year’s peak figures. Losses at £1,140,947 are higher by £41,204, bringing the ratio to premium income.to 54.80 per cent., the lowest figure since 1933-34. The total of all expenses, including taxes, now in one group, is £64,906, compared with £570,448. The ratio of expenses to premium income shows a further rise to 31.10 per cent. The surplus on the underwriting account was £225,427, an increase of £39,523, and the net income from interest and rents of £136,572 shows a decline of £5920. The directors have transferred £50.000, an unchanged. figure, to the reserve fund, and £65,01)0 to investment fluctuation exchange and contingencies (last year £75,In addition £57,433 has been transferred to a new account, war contingencies reserve fund, which with the addition of £42,56*2 received from branches in occupied territories since the suspension of business amounts to £160,000, A final dividend of 1/6 a share is recommended, making with the interim of 1/- already paid, a distribution for the year of F2A per cent. This will absorb £112,500. leaving a balance to be carried forward of £239,569, against £237,507 brought in. K.D.V. Boxes Dividend The directors of'K.D.V. Boxes Limited will recommend at the annual mecLing on August. 14 a final dividend of 4 per cent, for the year, payable on Augus>t 28. Transfer books will close from August 17 to August 31 inclusive. Gold Mining The Gillespies Beach dredge returned 46 ounces for 133 hours from 14,492 yards. Pukekohe Produce Prices Dominion Special Service. PUKEKOHE, Aiißutit 3. The values of green vegetables from Pukekohe continue to harden, cabbages today going away at 8/6 a chapman bag. which is a ritie of 1/- since last Monday, and cauliflowers -bringing around 10/-» which is a rise of ‘2/- in the period. Carrots are still at 9/6 a sugar-bag. and swedes at 5/-, ibut parsnips, which were selling a#? high ns 15/- a week ago, were down to I*2/- today. Pumpkins continue Io tsoll at 22/ a cwt., and onions are normally at about 29/-. but business in onions appears to have come to a standstill nieahwhile, holders not being keen to realize at this value. Cabbage and cauliflower plants are bringing 11/6 and 12/- a thousand, and onion plants 5/6 and 6/- a thousand, on rail, Pukekohe.

WELLINGTON. No. of Sale price shares. £ s. d. 300 Huddart, Parker •2 4 0 150 Woolworths (N.Z.) , >0 14 1 *Late sale Friday.