Business Gossip

Sun (Auckland), Volume I, Issue 137, 31 August 1927, Page 2

Business Gossip

Butter and Cheese Values. date August 29 J. and J. Lons.lnilr nde l Co., Ltd., London cabled their New land principals, A. s. Paterson Sd ft' Setter! Ms UUer - flrm ’ 17<5 > <*ee«: New Zealand Fruit In London.—The Zealand Fruit i-xport Control Boa?d advises receipt ot the following S from its London representative- '.pL," tically clear of New Zealand fruit , few big Sturmers left, make from its 15s a case.” ° Rotoiti Timber Company.—At an extra ordinary general meeting of the Romiri Timber Company, held in Wellington ve. terday, it was decided to issue the bal ance of the unallotted shares, nameh10,S00, as cumulative preference share, being a dividend of S per cent This n is hoped, will put the company's finance, on a sound footing. Milburn Cement Activities A balance of £18,007 to the credit of profit and los. account, making possible a total dividend of 10 per cent, is the tangible result of the year's trading of the Milburn Lime and Cement Company for the vear ended July 31. 1027. This amount is at after writing off depreciation, makine provision for income tax for the cominf year, and including £2,SS2 brought forward. An interim dividend at the rate P er . c ? nt - l . » er ,. annum absorbed £4,BSb. A further dividend at the rate of ia per cent, per annum is recommended for the past six months, and an additional bonus of 2J per cent, is to be paid on both the paid and contributing- share* The company’s net profits of £ls rk show a slight increase on the figures’fcthe previous year, £14,466. Companies Registered.—Yesterdav three private companies were registered in Auckland. They were:—Apollo, Ltd. Objects: To acquire the confectionery business of Marin Segedin. Capital, £6,000, in £1 shares. Subscribers: Marin Segedin, 2,650 shares; Herbert James Barrett and John James Wild, 750 shares each; Robert Harold Montgomery and Henrv Charles Francis Norman, 600 shares each; Henry Brooke Villiers Townshend, 300 shares; Leo Charles Miles, 250 shares, Kate Wild, 100 shares. Quadrant Tip Co., Ltd. Objects: To deal in patents connected with motor-vehicles, and to trade as motor dealers. Capital, £SOO, in £1 shares. Subscribers: Henry Vincent Mephan and Newton Charles’ Holdway, 250 shares each. Brakes, Ltd. Objects: To carry on the business of lining brakes of motor-vehicles, and to enter business as garage proprietors. Capital, £250, in £1 shares. Subscribers: Leon Risliford Herd and Charles Field Goldsbro, 125 shares each.

MINING NEWS

ALBURN I A.—The manager reports as follows:—"The western crosscut has been advanced from 311 ft. to 333 ft. The rock passed through this week, although still fairly hard, has been of a better class for progress. There is now a fair amount of water coming out of the heads. The approximate distance from the present face to where we will intersect the ‘Sons of Freedom’ reef, under ‘Radfords patch,’ is 90ft. In the stopes over the intermediate level the prospects are much more encouraging than they have been for some weeks past. The reef is about a width of 2Aft, and has all the characteristics for making good values. While breaking down during the week nice gold was obtained on the footwall side of the reef. This is the first occasion we have got gold on the footwall, and the country rock is well interlaced with mineral seams, so we are therefore looking forward for better values.”