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GOLDSBROUGH, MORT
Increase In Profit
MELBOURNE, May 23.-Increase
of £40,807 in profit for the year
ended on March 31 compared with
the previous 12 months and the rais
log of the annual dividend rate by
0.5 per cent were announced by
Goldsbrough, Mort and Co. Ltd. The
profit at £164,896 compares with
£124,089 for 1945-46. The final
dividend of per cent (3j per cent
last year) made 6 per cent for the
year against 54 per cent for the
previous year. It is payable on June
27 and books close on June 13.
At the annual meeting on June
27. shareholders will be asked to
approve of an increase in nominal
capital to £4,000,000 by the creation
of 1.600,000 slew I1 shares. Subject
to this approval, shareholders regis
tered at that date will be offered
800,000 shares at par, one share for
each three held, fractions to be dis
regarded., Terms of the issue will
be 5/ a share on application not
later than September 1 and 15/ final
payment not later than January 1.
The new shares will be entitled to
participate in any dividend declared
at next yeark annual meeting to the
extent necessary to give each new
share one third of the dividends re
ceived by each old share in respect
of 1947-48. Thereafter they will rank
equally with existing shares.
Application formns will be sent to!
shareholders as soon as possible after
next month's meeting. Renunciation
forms will be obtainable from the
company's offices in Melbourne, Ade
laide, Sydney, Perth, Brisbane and
London.
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