Business Gossip

Sun (Auckland), Volume 1, Issue 59, 1 June 1927, Page 2

Business Gossip

London Fruit Market. —Under date May 31 the Auckland office of the New Zealand Fruit-export Control Board advise receipt of the following cable from its London representative:—“The Tamaroa, Maimoa, Hororata and "Delphic shipments of Jonathans, Delicious, Dunns and Statesmans in London are bringing 14s to 16s a case on a steady market. The Argyllshire arrived in London on Tuesday (May 31).”

Big Ins urance Profits. —On operations for the year 1926 the Atlas Assurance Company repeat a dividend of 15s per share or 621 per cent, free of tax, states a London correspondent. Practicaly every department registered an increase in business. In the life department new proposals completed almost reached the three-million mark. The aggregate funds just top nine millions, a substantial gain on the year and giving with paid-up and callable capital a security for policy-holders of close on 114 millions.

Money in Rubber. —Despite adverse trade conditions experienced in 1926 a dividend of 20 per cent, on ordinary shares has been declared by the Dunlop Rubber Coy., Ltd. The total net profit for the year 1926, after deducting interest on debentures, income stock and loans, and after providing for full depreciation in the accounts of uhe whole group of companies, amounts lo £2,401,800, against a net profit of £2,789,400 disclosed for the year 1925. LEWIS R. EADY AND SON, LTD. —Despite depressed conditions of trade generally, the firm of Lewis R. Eady and Son, Ltd., registered steady progress for the year 1926-27. The usual dividend at the rate of 8 per cent has been declared, and a balance transferred to reserves. The plans for a new building are now reaching finality, and a start will be made in the near future on what it is anticipated will be one of the finest music stores in Australasia.

MINING NEWS

KURANUI. —The manager reports: The old battery level is still broken down and full of mullock. In the drive east on Barry’s reef the reef averages ISin in width and is a little mixed with mullock, but still looks well, carrying a fair amount of mineral and silica. The country rock is still very firm but of a good class, being interlaced with quartz stringers and mineral veins.