AUSTRALIAN DIVIDENDS

Evening Post, Volume CXI, Issue 34, 10 February 1931, Page 12

AUSTRALIAN DIVIDENDS

PASSED OR DEFERRED

Owing to continued adverse conditions, Bebarfaids, Ltd., Sydney,- has again deferred payment of the quarterly dividend on the' "A" preference shares. Half-yearly dividend on the "B" preference issue will also be deferred. _ Directors of Merizies' Hotel, Ltd., report that, while a profit has been earned for the half-year ended 31st December, they have decided to postpone consideration of the distribution of profits until the end of the financial year, "owing to the extreme uncertainty of the outlook for the ensuing six months." Mangrovite Belting Co.'s profits for the-half-year ended 31st December, 1930, were £613, compared with £4423 ,for corresponding: half-year of 1929, the half-year's dividend will be 5 per cent., against • 8 j per cent, at 31st December, 1929, and 6 per cent, for,-the half-year ended 30th June, 1930. .'.:' , , j Owingto the uncertain financial and political outlook, directors of Wincheombe I Carson; Ltd., have decided not to pay the usual interim half-yearly dividend. The company's turnover has been well maintained during the past half-year, but they consider it wise to carry forward the net profit earned and await the result of the full year's business, sin its last year the company paid a dividend of 7 per cent., which was a reduced rate. Directors of Melbourne Steamship Co., Ltd., have decided that the dividend on ordinary shares for the half-year ended 31st December, 1930, will be at the rate of 3 per cent. For the year ended 30th June last the distribution was at the rate of 9 per cent. Goodlet and Smith, brickmakers and builders' suppliers, Sydney, announces an interim dividend at the rate of 5 per cent, per annum, this being a further reduction. The final dividend; of the last financial year was reduced from 5 per cent, to 3 per cent., making 8 per cent, for the year. Excelsior Collieries and Coke pay no interim dividend, as against 10 per cent, for the year ended 30th June, 1930. Newcastle Coal Mining Co., Ltd., declares a working loss of £1583 for the halfyear ended 31st December, compared with a gross profit of £1359 for the previous half-year, and a net profit of £408 for the corresponding term of 1929. Vale of Clwydd Coal and Brick Company, Ltd.,- a western coalfield company, incurred a loss of £5927, compared with a loss of £6946 for the previous half-year and a net profit of £6073 for the corresponding period of 1929. i Owing to business depression and the unsatisfactory outlook for the immediate future, the directors of W. W. Campbell and Co., Ltd., Sydney, consider it in the best interests of the company to defer payment of the half-yearly dividend on the 9 per cent, preference shares, usually payable on 31st January.