BURNS, PHILP (SOUTH SEA) CO.

Sun (Auckland), Volume 1, Issue 29, 27 April 1927, Page 2

BURNS, PHILP (SOUTH SEA) CO.

DIVIDEND DECLARE 11 SUVA. Thur-' The annual meeting of sh ;‘‘j in the Burns. Philp (South"*! - pany was held at ■~’ uva enl j«i ’’ balance-sheet for the eember 31 showed a f ur P’ u _, {T „- the balance brought ■ previous yean of £6s,»:>'>- ~-uetc it was decided t° pay a Is 4d a share, to increas fund by £IO.OOO. and to carry £5,556. orison Following is a company’s results for th

NEW PROPULSION SYSTE., new system of ship VtopvW™,, p invented by the er, i Tin , en successful trials ha\ __ ~ j al iri-' its application in a sma „ Ftirr . 30ft. in length, says th etl)(>c The idea is to imitate , ccl , ir £;r.~ propulsion used by fish- svr al!o» ■_ Herr Boerner, fish ro° v ® , tW’“ water, which they P“*h The ; openings in their gi • icll is P launch, a drawing of -peri'S l in the German nautical P P? is fish-shaped; its bow pro!* opening filled by a s ' an( i pu* ll " which draws in water g id«j£ back through nozzles on t bottom. The vessel is thus by a layer of moving gjJts** l ’ is claimed, reduces thc r "4id » t :. minimum. The trials gorin' ‘ shown a very ec *s* e< * / prop ulsin* * the normal methods otPJW pecially for high speeds.

years: — Brought forward 1924. £8,628 182?. if £8,025 *•. Net profits To reserve .. - • £59,900 5.000 £68,83' 6; 10,000 - Dividend p.c. .. Amount . - 61 46,875 50,000 Carried forward £8,025 £8,831^