Windfall For Ngg

SHAREHOLDERS in New Guinea Gold fields Limited have received an un expected windfall, in a dividend of 3d. per share out of profits earned, and 3d. per share out of premiums on share capital—an item which has been kicking around in the balance sheet for some years. People who bought their shares at about 1/6 —they have been available and strongly recommended by the “PIM” at this price for a couple of years—will thus enjoy a profit of over 33 per cent.

This Co., operating large areas in New Guinea, survived a strike and a long drought during the year. It is a well managed company, nowadays, and should be a good investment. But, within the last few days, share quotations have fallen from 1/5 to 9d.