PRICE AND RETURN

Evening Post, Volume CXVI, Issue 105, 31 October 1933, Page 12

PRICE AND RETURN

Sales reported and made on the Stock Exchanges of the Dominion yesterday, with the highest prices and the approximate yields per cent, per annum to investors (all subject to appropriate taxes and exchange, where operative), based on the last annual dividends and bonuses, •i£ any, and including redemption and brokerage in the case of redeemable secun-. ties where dated, were as follows;— ; ; ' Highest Yield ■ price, p.c, p.a. ' £ s. d. £ s. d. Wellington. Bank of Australasia .12 15 6 214 10 .'Comm. Bk. of Sydney 17 17 3 39 11 Sth. British Ins 3 119 314 i 'N.Z. Refrig. (10s pd.) 0 9 9 — ' Dominion Fertiliser .. 014 4% — Bulolo Gold 5 13 n. ■ Unofficial list: — . Claude Neon Lights .. 2 0 0 n. Auckland. Inscr. stock, 4 p.c. " ' (1940) ......T. ..a. 102 0 0 314 7 Aiick. Harb. Bd., 5% p.c. (1962) ......a.u. 103 0 0 419 0 Wright, Stephenson, 6 p.c. ... ... 75 0 0 8 0 0 Bank of N.Z r. 2 6 9 416 3 N.Z. Insurance ...... 215 0 312 9 Auckland Gas r. 13 5 413 11 Australian Glass .... 212 0 393 N.Z. Refrig. (10s pd.) 0 9 8 — Waihi ...: 16 2 712 10 Grand -Junction 0 311 810 3 Mount Lyell p. 13 0 2 36 Unofficial list: — Claude Neon Lights .. 2 0 6 n. Christchurch. Inscr. stock, 4 p.c. . .. (1949) a. 100 15 0 '■ 3 17 8 N.Z. Farmers'l Co-op., 4% p.c. (1940) 65 0 0 11 17 0 Comm. Bk. of Sydney 17 16 0 310 2 Bank of Australasia . 12 16 0 214 8 Bank of N.S.W 33 17 6 3 2 0 UnHed Building 017 .9 512 8 Australian Glass 2 12' 0' 3 9 3 Dunlop Rubber ...... 018 10 4 411 Electro Zinc, (ord.) .. 15 6 — Goldsbrough, Mort .." 19 9 113 7 •N.Z. Refrig. (10s pd.) 0 9 9 — Kaiapoi Wool. (17s ■ pd.) 080 — N.Z. Breweries ...... 116 3.3 17 3 Anthony Hordern 0 13 4 — Mount Lyell p. 13 1 2 3 4 Bell Hooper 0 0 11 — Bell Kilgour ........ 0 15 — 'Big River 015% — Central Shotover^ .... 0 10% — New Cornish Point (6d paid) :. 0 0 7% - Okarito 010 0 10 0 0 Ounedln. : N.Z. Guarantee Corp. 0 8 3 3 0 7 .Southland-Meat...... , 2 16-9 4 4 7 Dominion Fertiliser . 0 14 4% — "Otago Daily Times" 2 5 6 214 IP N.Z. Refrig. (10s pd.) 0 910 — King Solomon 031 8 22 ■Big River 016 — Central SlJotover 0 11. — JBell Kilgour 0 15% — ■ a.—Quoted price includes accrued interest, but not brokerage. p.—lnterim dividend passed. r.—lnterim dividend reduced. «.—lnterest due-date* unknown; yield based on gross price. ' n.—Div. rate not available. SHARLAND AND CO.'S YEAR. The directors of Sharland and Co., in presenting the balance-sheet and profit and loss account fflr the year ended August '31, report that, after providing for all bad and doubtful debts, land and income tax, depreciation, writing £2000 off goodwill Y.C. Co. account, and taking stock at cost price or market value whichever is the lower, there remains a balance of £6788 14s Bd, made up as follows:—Profit for year ended August 31, 1933, £13,440 15s lid; balance brought forward from previ,ous year, £3462 18s 9d; in all £16,903 14s ■•Bd. Out of this has already been dealt ,'with—reserve for land and income tax, ..£5000; writing off goodwill Y.C. Co., . £2000; interim dividend 2% per cent., paid May 10, 1933, £3125;<total £10,125. ■ The net amount available for distribution ,is £6778 14s Bd. It is proposed to pay a dividend of 5 per cent, per- annum on both preference and ordinary shares, £6250 (less interim dividend as above, £3125), £3125, leaving balance to be carried forward to next year, £3653 14s Bd. ' The thanks of the shareholders are due . to the general manager, branch managers, arid staff for their efficient services during the year, which have again contributed to the satisfactory results. ' The retiring directors are Mr. W. Watson and Mr. J. H. Owen, who offer themselves for re-election. The auditors—Mr. James W. Jack, in Wellington, and JUessrs. A. and J. Grierson, in Auckland— offer themselves for re-election, and there are no other nominations. The net profit is about the same as last year, and the amount to be carried forward is £191 more than last year.