ROBINSON’S ICE CREAM COY.

Sun (Auckland), Volume II, Issue 375, 8 June 1928, Page 12

ROBINSON’S ICE CREAM COY.

DIVIDEND OF 10 PER CENT. A net profit of X 3,915 is shown in the report and balance sheet of the Robinson Ice Cream Company for the year ended April 30, 1928. This has been arrived at after making allowance for payment of £770 income tax and writing off £l,OlO for depreciation. The payment of a dividend at the same rate as last year, 10 per cent., is recommended by the directors. This will absorb £2,431. leaving a balance of £1,484 to be transferred to reserves, bringing the total to the credit of this account to £3,333. The balance sheet shows the paid-up capital is £24.697, cneditors £770 and bank overdraft £1.434 5s 6d. Land, buildings and plant are shown at £23,451 ids 7d. including purchases valued at £5.397 13s 9d. on account of which £323 14s was allowed as depreciation. The directors recommend that the capital of the company should be increased by £i»,000 by the creation of 5,000 additional ordinary shares of £1 each, to rank equal to the existing ordinary share capital. MELBOURNE HIDES MARKET (United P..4. —8y Telegraph — Copyright) MELBOURNE, Thursday. Prices at the opening sales in the hides market were slightly easier, closing firm at late rates. CALCUTTA TEA SALES (United P.A.—By Telegraph — Copyright) (Australian Press Association) CALCUTTA, Wednesday. The first sale of the season was held yesterday. The chief districts represented were Dooars, 7,552, and Darjeeling. 6.109 packages. Average prices were: Common Pekoe Souchong, 9 annas 6 pies to 9 anqas 9 pies: clean, common, broken Pekoe Souchong, 9 annas 3 pies to 9 annas 6 pies: even black leaf Pekoe. 11 to 12 annas. The sale was uncertain in tone. The best Darjeeling'S met with fair competition, particularly leaf grades. The majority of the proper invoices were withdrawn at disappointing prices. Darjeelings comprised a useful selection. the Dooras only fair, and they compared unfavourably with the good early quality of last season. Assams, Cacliars, and Sylhets, with few exceptions, were plain and ordinary. For Dooras teas the bidding closely followed quality, and teas above a certain standard fetched satisfactory prices. Plain and mediums of all descriptions were difficult to sell. All well-made leaf teas commanded satisfactory rates. Common brokens were little wanted. The commonest descriptions were in fair demand. Bazaar buyer* of dusts were strong, and there was an active market at satisfactory