BIG DIVIDENDS

Sun (Auckland), Volume I, Issue 288, 25 February 1928, Page 12

BIG DIVIDENDS

BANK OF AUSTRALASIA By Cable.—Press Association. — Copyright. LONDON, Thursday. The directors of the Bank of Australasia have declared a dividend of 14 per cent, free of income tax. The sum of £40,000 has been placed to the reserve and £50,000 to premises account. The balance to be carried forward is £139,567. —A. and N.Z. NATIONAL MORTGAGE CO. LONDON, Thursday. The report of the National Mortgage and Agency Company for the year ended September 30, shows the amount available for distribution, after contributing £3,914 to the staff superannuation fund, to be £45,310. A final dividend is proposed of 7£ per cent., with a bonus of 2s a share, both free of income tax, making a total for the year of 12| per cent. The balance to be carried forward is £14,060. —A. and N.Z. DEMAND FOR N.Z. BUTTER By Cable. —Press Association. — Copyright, LONDON, Thursday. The butter market showed an improved demand. Choicest salted New Zealand is quoted at 164 s to 1665, exceptionally fine, 168 s; Australian, 156 s to 158 s; exceptionally fine, 160 s. Unsalted, New Zealand is quoted at 168 s to 170 s, Australian 156 s to 160 s, Danish 188 s. The cheese market is quiet. New Zealand is quoted at 94s to 955; Australian, 90s to 92s.—A. and N.Z. MELBOURNE PRODUCE By Cable. — Press Association.—Copyright MELBOURNE, Friday. The following are to-day’s quotations on the Melbourne produce market: Wheat. —Firmer. Sellers few at 5s 4id. Flour. — £l2 2s 6d to £l2 7s 6d. Bran. — £6 15s. Pollard. — £7 10s. Oats. —Milling, 4s 2d to 4s 4d; feed, 3s lOd. Barley.—English, 5s 3d to 5s 4d; Cape, 4s 6d. Potatoes. — £4. Onions. — £l2.—A. and N.Z.