RECORD BUSINESS
South British Insurance Company AUCKLAND, October 19. Records were established by the. South British Insurance Co.. Ltd., for the year ended August 31, accounts showing prey mium income at £2,421,430, a gain or £185.959 over the previous year’s figures, which were tlie highest up to that time. In spite of a slight increase in losses and heavier expenses, the net surplus from underrating at £244.272 is above that of the previous year. Income, from interest and rents shows Only a slight variation. Reserves have been strengthened by the addition of £lO,OOO to the investment fluctuation fund, and a similar amount to the contingencies reserve, and after provision for these payments had been made there was a balance brought into accounts, £258,645, the sum of £470.944 being available. From this an interim dividend of 9d. a share paid in April absorbed £77,373. As already announced, the directors now recommend a final dividend of 1/- and a bonus of 3d. a share, requiring £128,955, leaving £264,616 to be carried forward. Sydney Stock Exchange (Received October 19, 10 p.m.) SYDNEY, October 19. There was limited activity on the Stock Exchange today. Most dealings were at ceiling rates and were: ML -A. Carpenter, ".9/-’ Steduiau, 18/9; Placer Development, 6H/3;' Woolworths, 17/11; ’Commercial Bank of Sydney, £l9/1/-; Felt Textiles, •10/6: Broken Hill Pty., 40/-; British Tobacco, 47/6. Gold Mining The Slab Hut Creek Gold Dredging Company’s return for the week ending October 16. 1943. was 71oz. from 18,100 yards in 11!) hours. . „ . . ... For the 14 davs ended October lb Aus-tral-New Zealand operated 249 hours, producing 20Goz. of refined bullion. David Jones Profit Profit of £159.020 shown by David Jones, Ltd , Sydney, for the year to July 31, compared with £83.700 last year, when allowance for taxation of £315.212 included £64.762 short provided for 1940-41. Depreciation charge of £50.986 is £6044 less than last year. Ordinary dividend, which was reduced to 8 per cent, last rear, is restored to 10 per cent., requiring £Bl.000 The C> per cent, first preference dividend amounts to £9OOO. and 74 per cent, second preference to £18.750. Carry forward is increased to £145,802 from £Jo.i Farmer & Co. Profit Profit of Farmer and Co., Ltd., Sydney, at £9'-’.7IS for the year to July .“.I. compares will, L’93.115 for 1911-42. Turnorei declined because of rationing and curtailment of supplies, but expenses were reduced considerably, the report explains. Ordinary dividend is unchanged at per cent., requiring £30.000; 6 per /’’/?■ and 7 tier cent, preference absorb Ll-.wi'i and £28.000 respectively. I'ransfers or £40.000 to reserve and £5OOO to staff .und arc made. Carry forward Is t-Kwuii, mrninst £128.0.73 brought in.
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Dominion, Volume 37, Issue 21, 20 October 1943, Page 6
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437RECORD BUSINESS Dominion, Volume 37, Issue 21, 20 October 1943, Page 6
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