COMMERCIAL.

Press, Volume LVIII, Issue 17452, 12 May 1922, Page 8

COMMERCIAL.

NATIONAL BANK OF N.Z.

NEW ISSUE OF SHARES.

(press association telegram.) WELLINGTON, May 11. -The shareholders of the National Bank of New Zealand were to-day informed that the Board of Directors had resolved to offer to shareholders this mpnth 100,000 new Bhares of £7 10s each (£2 10s paid up), at a premium of £2 a share.

This is consequent on the resolution carried at the annual meeting increasing the authorised capital of the bank from £3,000,000 to £4,500,000, by the creation of 200,000 shares of £7 10s each.

The proportion of the new issue which shareholders are entitled to receive is one share for every four shares iiou^held.

COSTING METHODS.

BUSINESS MEN'S MEETING.

There was an overflow attendance at the meeting of business • men held in Banks Commercial (Joliege last evening, when addresses were given on modern cost accountancy.

ill" ±\ Jtiano, president of the Australasian Institute oi uost Accountants, int/i'cuucecl Air J. A.. i< jooticK, who prebiueu. Air ilarie, 111 me course oi ma remarks, sam tnat men of sound juugiieht autl expert Knuwieuge »cre required lor coat accounting, 111 oraer-to cut out useiess euort vvmuii sapped' tne prvnt or industries. He expiumeu tne oojects oi tne institution anu tne quantitations Tequired ot members. Mi- d rbsuck said tnat it , was the simplest tiling in tne world to', prove to an auditor wnat stocKs cost, but it was hard to prove tneir proper wortn. 'l'nere was no necessity to cast reiieetious on business metnpds in tms .Dominion. The co-ordinated Work of tne proiessional man and .tne cost accountant was very necessary. Mr H. i±. Wyies, president of the Canterbury Employers' Association, read a paper dealing, with the advantages and me necessity for general knowledge and organisation in business. Ihe main factors in business success were sympathy and' common-sense, v i. JVlr \V. G. McDonald, chairman of the Board of Trade, expressed the satisfaction of the Department of Industries and Commerce that steps were being taken to bring under the notice of manufacturers 'and the necessity for improved methods of arriving at the cost of production/ a question which lad exercised the minds of the heads of the Department for some time. Mr G. T. Booth also spoke, referring to the necessity for different costing methods in the various divisions of ■business. Tho cost of labour and material was easily assessed, but it wais more difficult tc ZTi'.ve at Overhead charges.

Mr W WaddiWe, of Wellington, outlined tho activities of the Institute, and showed what was being done to increase its scope in the various centres. ■ ■. Mr FrosticK said' that he believed tijat business morality in New Zealand was as high as in.any. other .country in the worfd. He' hoped his hearers would ffcily !«n§ferstand that nothing else obtiinea'iffi'this country.. A vote of thanks to the chairman concluded the meeting.

WORLD CRUISE OF THE "BRITISH TRADER."

FLOATING COMMERCIAL EXHIBITION.

PERTH, May 11. According to advicee-. received,: the steamer British Trader, which will ae- ;- N - commodate the .British trade exhibition, will , teach Fremantlo ; on about July 17th. Aiter, .vieitiiig Adelaide, Melbournej. and Hobart, the steamer.will proceed to'New,Zealand.. ' ■ 'A British world trode expeditibn is to 'set out from 'London at thfc beginning of May for a nine montha' cruise about the world' J,aays the "Alancheste? Guardian" of .March' 21st). Its purpose n to offer British.' .manufacturers an op. portunity 0f.;.-, !new, markets abroad tor.'their Wares. , The reftta like \a; moqern^ ■ ised and"' more Businesslike' tiersion of tlhe prospectus which lured Mark Twain and his fellow-ihhocents abroadin the Quaker City. r The wit! travel'" in' tho former Orient liner 1 Ocontes, of .9000 tons register, which ] has been , rechristened British Trader. ■ The passengers will be representatives •of British' business firms, the cargo a selectilon of ;.their productrf or exiiibition at ; eaeh port-visited. To each exhibitor will be' allotted, a; definite space ■ wiherem he ; may display, his ' goods in the ' way calculated to attract the pros/ •• pective buyers who visit the sliip< The ' Slip is to cany a secretariat, -with snch other aids "to the 'execution of business

as shorthand typists, a ■ reference „ lißrary, writing-rooms, ; and conference ' rooms. In every port of call it is in- - tended to show cinema films ;illiistrating exhibitors' works. . . ; . . ' 'Altogether, the British Trader, .according to the itineraiy already drawn up, will cover 33,370,' miles before rer .entering tho Port of London at about - the jnd of January next.' The slrfp will remain for anything between one day and seven at each port of call/ acicord■;Jng.to i^" , import- ■'. Jt islexfrected, will wjth,itho cargo,, open for iiiSpeciii>n by • visitors. "The, other'l4Q-days will bo . taken-qp W steaming .from idne port to . j another. It'• is intended ;to visit the i ; porls in the following.order:— Bio de Janeiro ' Yokohama Monte Video . Kobe . v Buenos' AyrtS Nagasaki • Cape Town Hong-Kong r - 3>urban., /- Shanghai - Fremantlo Singapore v - -'-Melbourne Rangoon Hobart Calcutta • Dunedin 'Madras - -Lyttelton .-. . , Colombo " ; Wellington ■ ■.' . . Bombajr Auckland " Aden ." 1 'Sydney Malta- • .Brisbane ; ' ' Gibraltar . - South Sea Islands . < ;i ■ The British Trader is not to be'«m> fused with themoro ambitious scheme of a specially-designed shipv of 20,0U0 tons, which-is to make a world-tour in 1923. %

COMMONWEALTH STATE LINE.

PLEET FULLY EMPLOYED..

tßy Cable—Press Association—Copyright.) " (Australian and N.Z. Oable Association.) SYDi\£7, May 10. v.. : '.Owing to the extorsive wheat* char. : ! \ "'xx'- tors entered into by the Commonwealth. practically the whole of Commonwealth. fleet: will be ac-; in trade .'at an ; early jrv date In JMarch, 25 pei cent, of the, forty-two vessels, were witlfJiuAe prospect of business* ;to - the wheat-loading _ ahip3, steamers wi{l, be engaged trade to Java and New