FINANCE & COMMERCE

Dominion, Volume 36, Issue 18, 16 October 1942, Page 3

FINANCE & COMMERCE

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

AUCKLAND. Nat. Bank Of N.Z. (2), £2/5/-; So u *J l British Insurance, £3/4/-; Kaiapoi WoolIfen, 18/9; Consol. Brick, 7/4J; G. J. Coles, £2/l«/-; Itadlo (1036) Ltd., 10/6; Wooworths (N.Z.), 15/-: Emperor Mines, 10/(5. CIIItISTCHUBCH. National Insurance, £l/1/3; Kaiapoi Woollen, 17/- paid, 18/9; Booth Macdonald, pref., 6/10; Broken Hill Pty., £1 19/9; Colonial Sugar, £52/2/6 ; G. .L Coles, £2/10/-: Woolworths (N.Z.), (-1), To/-. DUNEDIN'. Comm. Bank of Aust., .14/8; Standard Insurance, £3/7/-; Kaltangata Coal, £1 12/fi; Bruce Woollen, £l/5/3: McLeod Bros. (2), £25; Woolwortbs (N.Z.). 10/-; Gillespies Beach, 3d. Bank Of N.Z. .Dividend The Bank of New Zealand lias declared on interim dividend of 3 per cent., ou ordinary shares, payable on December a. The half-yearly dividend on D long-term mortgage'shares wilt also bo paid on tbe same date at the rate of 71 per cent, per annum, reduced’ as Lo each shareholder s dividend bv Id. for every Sd. or part thereof on account of social security charge mid national security tax. Shareholders of both ordinary aud D shares will not be liable for social security charge and national security tax on any such dividends. Australasian Paper & Pulp Tlie Australasian Paper and Pulp Co. Ltd., has declared dividends of 4 per cent, on preference, and 3 per cent, on ordinary shares, payable on October 20. Gold Mining The Grey River drudge, fur I lie turtuight ended October 11, returned 7Msoz. for ’-MS lioui-s from ISI.CJI3 yards. For tlie mouth of .September tin- return was llttmz tor filil In.lire- fi-nni 3t9.'.i6l yards. Rotoiti Timber Year Ihe Roloili Timber Company. Lid., reports for the year ended June 30 a, profit of .WJ6UU. and after making provisioni or VldoS for taxation the balance ol Lk>»o lias been transferred to appropriatioii account, iiji’reiising the balance in that account to £-151(1. Directors recommend payment. of a dividend of £6/8/- per cent, oq preference shares. £217/0/-. subject to deduction of Social Security and National be-i-m-itv taxes, .V3O/IS/7. mid a dividend of £1 per cent, on ordinary stiares. i. 1784. nnvalilc on October 2!l. Transfer books will lie closed from October fi-J till October •_".) Tlie results for Hie year show mi improvement on tin' previous yenFs ujwrations of £3181). Suli-s totalled £i>7.01.1, an Increase of £lOl5. but the acute deiiiaml for timber was greater than production and stocks on hand show a reduction of £2757. Areas of limber adjacent to Lake Rololtl having worked out. the directors h.'ive explored various alternatives to water transport with n view of reducing trimsport mid milling costs. Best r let ion on road anular transport, however, and strict control over sawmilliim opmuillons 'Give made I In* problem dillicult. lo solve. !•.<- forts are being. made to scciin* other areas ul’ hii6.li whieh coiihl !•<• worked oy (lie company's mills.

Wellington WELLINGTON. No. of Sale price, shares. n 4 500 Comni. Bank of Aust. ■ £ s. d. .. 0 14 8 300 Nat. Bank o£ N.Z. .. ... 2 50 117 Bank of N.Z .. 2 16 ,. 1 5 o 200 Emperor Mines .. 0 10 6