[?]Gg Produces

[?]Nother

[?]D. Dividend

AST year, after many years in i the wilderness, New Guinea f Goldfields Ltd. made a profit of 2,712, and paid a dividend of 3d. r share (about 6 per cent.) The iridend called for £55,904, and the Iference between profit and pay t, some £23,000, came out of re aves, of which the Co. has plenty.

Ihe 4/3 shares of the Co., a year D, could be bought for less than ■, which made the return on an vestment, getting 3d per share ridend, approximately 12i per cent. ie PIM then suggested that the ares might be worth buying, in w of prospects. 3ut the shareholders, at the nual meeting on January 28, 1955, [ not think much of the dividend, i displayed considerable grumpi ;s. They refused an increase in •ectors’ fees, and suggested selling i enterprise.

Fow the annual accounts have n closed after 9 months (so as make the accounting period end lually on June 30 instead of Sep iber 30); and despite the shorter iod, the Co. shows the best profit tas had in years—namely, £48,390. ; following figures are shown, to icate trends:

he Directors recommend another dividend; and as this is on a onths period, anyone who bought res at 2/- will be getting a re i of about 15 per cent, per annum, respects seem reasonably good— ays provided that the Territories ninistration will graciously per- NGG Ltd. to get leases so as to ) on milling timber. It will be resting to hear what the share lers have to say at the annual eci n g on December 15—and ther the sharemarket thinks better of the NGG shares. r. Raymond Hill will shortly e Sydney for the British Solomon tads where he will become an cultural officer. Mr. Hill re ly returned from the United ?dom, where for the last four s he has been studying for his ee at Cambridge. He is Cam s oldest graduate for 50 years 1 is 50. Mr. Hill was formerly irmv officer.

1953 1955* £ £ n Gold 249.918 217,895 Timber, etc. .. 99,220 117 579 Sundries . . 2,784 3,845 ” 37,373 48,390 kppr n. Ace. 78.676 166,567 rves 250,000 250,000 Wne months to June 30, 1955.