COMMERCIAL.

Otago Witness, Issue 2490, 4 December 1901, Page 32

COMMERCIAL.

Messrs Harty and Co. have cable advice confirming the last report and prices of cornsacks and woolpacks. Hessian goods are somewhat higher, and oat bags are not obtainable now under 2s Id, c.i.f. — a rise of Id.

It is the intention of Mr A. J. Howison to carry cv the business of C il. Howison and Son as hitherto, and a notice to ibid effect appears elsewhere. A rumour has been in circulation that the business will be discontinued, and advantage is taken of this occasion to contradict that rumour.

The annual report of the directors of the Oamaru Woollen Factory (Limited) states that the efficiency of the plant has been thoroughly maintained by replacements and repairs where necessary, and the sum of £541 16s has been spent in additions to buildings and machinery, all of which are in first-class order ; the directors recommend that a further sum of £1241 16s be written off the premises and plant account, thus reducing the item to £9000; paying a further dividend of 4- per cent, on all shares, which, with the interim dividend of 4 per cent. paid in June last, will absorb £1470 lls 2d, and carry foiward the balance of £1959 13s lOd to next year's account. The annual meeting of shareholders will be held on December 9.

The FarmPrO Co-operarne Association (Limited) report the sple. on accoxint of Mr George Anderson, AVright's Bush, at the show on Thursday last, of a pmebred shorthorn bull, one year, sire Roderick Dim, dam Grace, to Mr R. Mnir, of Palmprston.

The National Mortgage and Agency Company of New Zealand (LimiWl) report havig sold two blocks of Taipo Hill estate, comprising 220 acre<=, to Mr W. L. Phi!u. Mr Plulp, who posse--«-e« the homestead block, in close proximity to the sec lion* purchased, has now one of the finest forms in the district, and i* to be congratulated on his purchase. This completes the of the whole estate, which lias now passed into the hands of an excellent elab=; of freehold settlers, who form ,f very flourishing settlement.

TILE KAURI TIMBER COMPANY. AUCKLAND, November 30. 33i« iiftttUftl retfoU 9i the Kauu XimJaet Qsw,-

pany states that the second instalment of 5 per cent., amounting to £13,800, has been paid off, the new issue of the company's debentures reducing the amount from £261,200 to £247,400. The results for the year show a trading profit of £57,436 15s Id, which, with the balance brought, forward from last year (£50,623 0s 7d), amounts to ±'109,059 15s Bd. The directors allocate £55,000 as provision against depreciation of certain assets. This leaves available £54,059 15s Bd, which it is proposed to appropriate to the payment of a dividend for the year of 4 per cent, per annum, absorbing £23,400, and to carry forward to next year £30,659 15s Bd.