COMMERCIAL.

Press, Volume LIX, Issue 17769, 22 May 1923, Page 10

COMMERCIAL.

THE PORT OF HULL. DOMINION VISITORS ENTERTAINED. GREATEST WOOLSHED IN THE WORLD. , (TBOM Otra OWH COBBEBP-OHDEHT.J LONDON, May 5. "Decentralisation" was the text of a series of speeches mad© throughout the day at Hull yesterday. "Decentralisation" .was the lesson the hosts sought to impress on a party of Dominion representatives who visited the northern port. Quite an extraordinary number of Australian politicians and public men are at present in this country, and the directors of the London and North Eastern Eailway, the Chamber of Commerce, and prominent citizens of Hull combined this week to entertain them, and to demonstrate in the most conclusive manner possible, the need for developing the direct trade between the Dominions .and Hull. '. There was a special excuse for this expedition to Hull. The Aberdeen White Star liner, Sophocles, had arrived at the port direct from Australia, this event marking . the inauguration of the firsjt regular sailings of a line of steamers between the Commonwealth and Hull. 'Docks, quays, and wharves are owned by the London and North Eastern Railway Company, and their hospitality on this occasion was something akin to prodigality. Two special carriages , on the train from King's Cross on Tuesday evening, conveyed the party to the north, and there was time on the journey, to gain, a foretaste of the company's impending hospitality. The London party consisted of Sir Joseph Cook, Sir G. Fuller (Prenver of '•New South Wales), Mr A. H. Ashbolt, Sir Edward Lucas, Mr F. L. McDougall (Australian Fruit delegation), the Hon. Frank Clark (member of the Victorian Government), Mr E. J. Newton (reprefsentative of the Western District Cooperative Produce and Insurance Company), Mr A. E. Gough (manager of the Overseas Farmers' Co-operative Federation), the Hon. G. W. Miles (Legislative Council of Western Australia.), Sir J. Cooper (Financial Director of 8.A.W.R.A.), and Mr H. L. T. West (Secretary of 8.A.W.R.A.). Sir James Allen received an invitation but he was unable to accept it. Mr T. R. Lees (Secretary' of the Meat Producers' Board), however, represented New Zealand. A number oi prominent wool men went to Hull from Bradford. It was natural, of course, that the speech-making have a special bearing from Australia, but the Port of Hull as a distributing centre for overseas produce has as much interest for New Zealand as it has for the Commonwealth. Hospitality is a useful thing to create an atmosphere, speech-making also has its uses, but the railway company relied on ocular demonstration to point their lesson. London has', an overshadowing effect. It absorbs the attention to the exclusion of other ports and districts of England. To most of the visitors Hull was probably a place on the map; now it is a great reality. A mere spectacular impression goes a long way to remove ignorance. Standing.on the quayside where . the Netherland steamers unload, one may see a vast harbour fading into the eastern and western horizon, and as far as the eye can reach innumerable ships of every size and every nationality. One is tempted to ask why are these fifty ships within reasonable distance of the quayside lying idle? The answer has no particular significance to New Zealand, but it demonstrates a peculiar of affairs. As a result of the demand for coal from Germany they are either held up for coal for their own consumption, or are awaiting their turn to load a cargo for Germany. While on this'particular wharf another sight was of certain interest to the visitors. Here was the produce from Denmark. Hundreds of casks of butter, and long cases of bacon, all neatly packed. It was evident, that Empire trade would have to progress considerably before Dominion produce replaced- these Continental shipments.

An Eleven-Acte Woolshed. Yesterday morning the first exhibit presented to the party was one cal--eulated to take away the breath. This was the huge' woolshed at National avenue.'"During the war the < great quantities'. 6f Wool from Australia, from New Zealand, and others parts of the world; were immediately ; taken into consumption.' When the war came to an end the question of storage became a burning one. The Wool Controller rose-to' the occasion,' and the Governmeat erected their vast series of sheds on the outskirts of Hull. Nissen Company" undertook the contract, and they built on: the principle of their "U" Army huts; In this case each hut is 540 ft !long' and 40ft wide, and there are, eighteen of them, all joined to-eether,-so. that there is one chamber 540 ft by 720 ft, covering an area of room in-the world. . . . ~f tftnn Bulk storage capacity is 240,000 bales, but the object of the. sheds is to display the wool previous to the sales, and 55,000 bales can thus be displayed under the very best ligh ing Conditions, for half the northern slope of the roof of each bay is glass. When the wool shed was built in 1920 an arrangement was come to whereby J"e Sndon and North-Easteru Radtay Comply 'SS S*£ bad bought out the Government, who Se th& bad to pay a nominal™* for the storage of their portion ,of BAf E.A. wool. Now that the railwaycompany have bought the.property ■raWKA will also nave to pay a ferft: wool. At present.there are bales in store. Although the erection of these sheds was viewed with" trepidation by some members of Parliament, the PiW^ 1 * °* B A.W.R.A. are quite 6atished that triey are' necessary and profitable. Without the facilities for displaying their wool they might have had to take as much as £2 or £3 per bale less from the private buyers after the Armistice. The railway company has taken over a wonderful property, which will give Hull a favourable opportunity of competing with London as the leading wool port of the world. Fourteen Miles of Quays.

Before the day was out the visitors absorbed a great amount of information about the port. For instance, the property of the railway company, amongst other things, consists of eleven' wet docka with a water area of 347 acres, 'l'wo riverside quays, and oil jettyj all of which occupy a frontage to the River Humber of about seven miles.'" The total length of the quays available is about fourteen miles, and in and around the docks are about 300 miles of standard gauge raihvay lines. Tlie King George Bock, of which the people are specially proud, has a water area of 53 acres. The entrance lock is 85ft wide, 750 ft long, 'and has | a_ depth of water at ordinary spring I tide of 39ft. At this dock a warehouse I recently -bought from the Government (and a part of the Government ehipbuildum (scheme which was abandoned)

Las been re-erected. It occupies an area of three and a quarter acres- and is equipped with electrical machinery for the "quick handling of the wool. Here may be stored 140,000 bales of wool. . i Grain, however, is one of the principal imports of Hull, and in the King George Dock there is a silo capable ol accommodating 40,000 tons. One of the visits paid by the party, was to the "Pacific," the grain exchange of the city, and here some of the visitors had their first opportunity of making speeches, a practice' which grew in popularity before the day was done. Sir George Fuller expressed his belief in the decentralisation of commerce, instead of concentration on London. Mr Frank Clark, -who spoke as a practical wheat farmer, suggested that an effort should be made to arrive at some common denominator in the quality and the names of wheat, so that it could be dealt with, on one "oasis throughout the Empire. Hull, he said, seemed to be the cheapest port in the United Kingdom, and he saw no reason why 'it should not be the chief grain port in the kingdom, and certainly the chief enterport for the whole of the Australian wheat. British Trade Ship. The second itein of the day's programme was a visit to the dry do.ks where the old Orontes, now the British Trade Ship, is undergoing overhaul previous to her ten months' commercial voyage round the world. Captain 11. E. Mills Joyce received the visitors. There was really little to be seen, but an example of energy and enterprise. Some 750 men are at work, and it is estimated that in six weeks the vessel will be ready for its special purpose. In.seven weeks' time it is expected that she will be in London and open for inspection, and it is hoped that the future Duchess of York will consent to re- • christian the floating exhibition- The overhaul is being carried out at a cost | of £40,000. f How to Load Meat. Shortly after mid-day over a hundred guests assembled on board the s.s. Sophocles, kindly lent by the owners for a luncheon given by the Hul Chamber of Commerce. The vessel is beaur tifully fitted up for the Australian trade. She has a tonnage of 12,300. First-class passengers are catered for in a most inviting manner, but the thirdclass accommodation is extraordinarily commodious, clean, and not without comfort. In view of the overseas settlement schemes, provision is made for some 450 third-class passengers. In the course of one's inspection of the ship one learned something of special interest to New Zealand. The parcels of meat from each freezing works were partitioned from on© another by a cheap scrim. For the whole cargo this would mean an expenditure of a few poujnds, but the saving in time and trouble in unloading at this end was very considerable. Mr Lees was especially interested in this simple but effective experiment, and is anxious, that New Zealand should know what a great advantage it is to the people at the port of discharge. Some Remarkable Figures. The excellent luncheon on board was presided over by.Mr Edward Dumoulin, J.P., president of the.Chamber of Commerce. In proposing the toast of Australia he said that previous to the war the import of meat was something like 250,000qrs a year. Last year it was l,ooo,oooqrs. Fruit -was practically a negligible quantity before the war. To-day it was becoming one of the most important trades. The increase in the import of wool had been almost phenomenal.. Before the war they imported some 150,000 to 200,000 bales. Last year they imported nearly 700,000 bales of. wool from Australia and New Zealand. He did not think he was exaggerating when he said that Hull had become one- of the most important wool ports in Great Britain. Trade had increased because of the enterprise of those who had given shipping, dock, and transport facilities. He hoped the new line would receive a great amount of patronage, and that it would be a success. He hoped the visitors oh their return to Australia would recommend Hull as the port to which merchandise should be sent. The Chamber of Commerce was anxious to do everything possible to promote good feeling between the Dominions and Hull. They had no preference for any particular line of steamers. As business men they welcomed competition, and they believed that the energy used by the representatives of the various lines sailing to Hull would be to the advantage of the owners, to the Dominions, and to Hull. i

Mr Dumoulin thanked Mr Oscar Thompson (grandson of the founder of the Aberdeen line) for his kindness in placing the ship at his disposal for the gathering, which he felt had had added interest by reason of their surroundings. Sir George Fuller, Mr Oscar Thompson, and the Lord Mayor were the other speakers at the luncheon.

Facilities for Marketing Fruit. In the afternoon the visitors were taken to the quayside, and to the fruit market where Australian apples, just landed from the Sophocles, were in evidence. The fruit is landed and can be sold immediately under cover. The facilities for handling and for distributing the fruit to the extensive area about Hull are very promising for the future of the trade. Already, however, it has a great reputation as a fruit centre. In 1921, for instance, 2,465,925 packages of all kinds were imported. Soft fruits numbered 1,126,554 packages. Apples, drawn chiefly from American and Australia, totalled 239,534 packages. The direct orange trade with Jaffa is of growing importance. A personal investigation of all the facilities for the handling and distribution of the fruit certainly convinces one that the Dominions would do well for themselves to get into direct touch wtih the fruit merchants of Hull. Waterways and branch railways in this-portion of England are certainly most convenient, and the authorities claim that .the port serves a population of 12,000,000 at pricesworked out on the basis of port charges and rates of conveyance—which are as low.as, and lower than, those from and toi'London. ■ . . There was much to be learned or the great coal export trade of Hull. For instance, in normal years, seven million tons are shipped abroad. Then there are the machinery trade, the vegetable oil, the chemical and colour trade, the seed-crushing trade, and the fishing industry. All these make the place very much alive, and the commercial men are doing their best to stimulate still further interest in their port, and thus to make up for some of 'the loss of the Eussian and other European trade. Until midday to-day, when the visitors arrived back at King's Cross, they were the honoured—one is tempted to say the pampered —guests of the Eailway Company, and none whcf took part in this notable pilgrimage will easily forget the experience.

AMBERLEY MARKET. The fortnightly market at Amberley yesterday was a small one, the entry of Bheep comprising only 297 fats and 401 stores. The sales were:—Fat lambs, 48 at 235, 40 at 21s 2d, 60 at 27s lid, 36 at 27a 4d, 6 at 17s, and 9 at 23a Id. Fat ewes: 37 at 16s 10a, 14 at 23s 9d, 19 at 17s lid, and 10 at 13s. Stores: 93 failing- mouth ewes at 03s, 103 halfbred ewe lambs ot 22s Id, 34 crossbred ewe lambs at 20s, and 163 wether lambs at lCs 9d. A few head of cattle and a. number of oias were loUl at Tilling valiw*.

TARANAKI FARMERS' MEAT COMPANY. FRESH CAPITAL REQUIRED. (PBS39 ASSOCIATION TELEOBAM.) NEW PLYMOUTH, May 21. A special meeting of shareholders of the Taranaki Farmers' Meat Company, Ltd., was held this afternoon, when the chairman of directors (Mr Newton King) submitted a report on the works by Mr N. L. Macbeth, of Christchurch, who advised that the works should be recapitalised. The proposed capital is £BO,OOO, in £5 preferential shares. The meeting adjourned for six weeks, after carrying the following resolution unanimously:—"That this meeting is of opinion that immediate steps should be taken to obtain applications for preferential shares up to a sufficient amount to enable the company to restart the works, and that a committee of twelve persons be set up to work with the directors for the purpose of carrying out the above proposal.

MEAT AND PRODUCE. The New Zealand Loan and Mercantile Agenoy Company, J-td., has received a cablegram irom. London giving the following market information, under date 18th inst.: — .New Zealand Frozen Meat—-Lamb andi mutton, quotations unchanged, demand steadier. Last quotations: Lamb, 10|d per lb (average). Mutton, wether and maiden ewe, light 7jd per lb, heavy sid per lb; ewe, light did per lb, heavy 4j[d per lb. New Zealand Dairy Produce—Butter: 2s to 4s per owt lower. Last quotations 144 ato 1469 per owt. Cheese; 88s to 90g per owt. Marketo slow. BUTTER AND CHEESE. (MUBSS ASSOCIATIOK TELEOBAM.) WELLINGTON, May 21. The National Dairy Association of New Zealand has received the following cable from its London office, dated May 15th:— Butter —Market slow; New Zealand Baited 140 ato 1425; unsalted 146s to 150s. Australian salted 184s to 1365. Argentine salted 120s to 182s. Danish salted 164s to 1565. Cheese—Market'slow;' New Zealand white and coloured 883 to 90a; Canadian white and coloured 86s to 925. Messrs A. H. Turnbull and 00. hare received a caibla from Messrs W. Weddel and Co.; Ltd>.j dated London, 19th; reading as follows :—"Danish butter, 154s to 156s (hv-t week 154s to 1565); market slow. New Zealand cheese, white 88s to 90s (96s to 98s), coloured 88s to 90s (96s to 98s); market slow. NewZealand butter, first grade unsalted 14es to 150s (150s to 1525), salted 140s to 142s (142s to 1465), exceptionally 144s (1465)." Messrs Dalgety and Company, Limited, Christohuroh, have received the following l cable from their London office, dated May 18th, 1923: . Butter—Sinoe our wire of yesterday, prioes for New Zealand butter are lower by '2a per owt.

DUNEDIN STOCK EXCHANGE. (PEBSS ASSOCIATION TXLEOBAM.) DTJNEMN May 21. Sale on. 'Change—New Zealand Paper Mills (ord.;, 25a 9d. .Sales reported—Huddart-Barker (ord), 48e; . Mosgiel Yvoolien, £1 Ca; iSew Zealand Drug Co., 66b; Ward's Brewery, 42s 6d (two parcels). < LATEST QUOTATIONS. liuyois. Sellers. £■ w. d. H a. d.

CHRISTCHURCH STOCK EXCHANGE. YESTERDAY'S TRANSACTIONS. Sales reported ;~N.Z. Government 4J per cent. Inscribed, 1938, £93; N.2. Ketrigeruting (10s paid), 13a 6d; Wand's Brewery, 3»i Waihi Mining (oum div., two months' dolivery), £1 a 6d. Sales on 'Change:—Bank of N«w South Wales (cum div.), £io; N.Z. Refrigerating (lOe paid), 13s 6d.

AUCKLAND STOCK EXCHANGE. (PBBSS ASSOCIATTOW. TBUSGRAM.) AUCKLAND, May 21. Sales on 'Change:—Bank of Now Zealand, 62s 6d. Now Zealand Insurance, 29a 9d; Auckland Gas (cont.), 26s 3d; Northern Bteam, 14s 9d; Hill and Plummar, 22s 9d; Meredith's (Samoa), 10s; Milne and Choyce debentures, 245; Wilson's Cement, 2(is; Moanalaiari, 3s 4d; Waihi, 23s 6d, 23s 9d; W'aiiii Urand Junction, 6s Bd. LATEST QUOTATIONS. , Buyers. Sellers. £ B. d. £ a. d.

Good progress is being made at Onakaka (says the "Nelson Mail"). Work is proceeding in connexion with the wharf, the last obstacle the company has to meet to commercially produce pig-iron. The iron-ore and limestone contract has been accepted for 2s 6d per lon. flat rate into bins. This constitutes very cheap ore when gauging the cost of ore in other countries. The handling of material to and from the wharf is also being contracted for.

BANKS— Auauaiaaia .• • 18 7 fi — New (south Wal«» ' .. 40 0 0 — New Zealand .. ■• 8 1 6 — . National .. 8 14 0 6 16 0 P. and 0. Bank IS 0 0 — Union *■• •• 14 18 0 14 16 0 IimooivjlNOE— National .., .• 8 18 8 4 0 0 New Zealand ... .. 1 10 0 1 10 2 South British .. 1 18 6 1 19 3 Standard 1 18 0 — SBi^.fli\U— Howard, Smith .. ' 2 13 6 2 15. 0 Huddart Parker (ord.) . 2 8 0 2 3 3 P. and 0. {del.) 885 0 0 840 0 0 U.S.S. Co. (prof.) 1 0 7 — C0A.ii— Weetport 1 IS 6 a o 0 \vea.yort - Stookton (ord.) 0 6 2 _ Wfestport • Stockton U-iel.) 0 8 0 —. MISCKLLANEOUS— Goldsbrough Mori 2 8 6 2 10 0 N,.Z. Loan cuxd Mercantile (ord.) — 85 0 0 Perpetual Trustees 1 17 0 _ Trustees' Executora and Agency a 9 0 _ ■Wright, Stephenson lord.) , .. 1 7 0 — Canterbury Frozen Meat 15 10 0 —' Gear iVle&t Co. ■ — a s 6 N.Z. Refrigerating (pd.) 1 5 0 — N.Zy Refrigerating (con.) 0 13 5 0 18 11. South Otago Freezing 4 0 0 — Brown. Kwing and Co. (ord.) 1 7 6 — Blown, rawing and Co. (pr»f.) 1 0 8 — Bruce 'Woollen Co. . .. 1 15 0 D.I.C. (old.) 0 2 prem. 0 — D.I.C. (pref.) . .. 1 0 6 — Dominion Kubber — 1 0 8 Donaghy'b Hope and Twine .' . 1 18 0 — Bunedin K-aikorai Tram* 1 4 6 _ Lunedin Stock Exchange Pxopty. 2 5 0 — Kaiapoi Woollen (ord.) 1 8 9 — Kaiapoi Woollen (con.) Oil 6 0 12 6 Kaiapoi Woollen (pref.) 1 2 0 — Milburn Lime and Cement — IIS 0 iloBgiel Woollen 7 5 0 — Mcljjod Bro3.' Soap . 16 0 0 — National Electrio 1 1 0 N.Z. lirug Co. 8 4 8 — N.Z. Kxpress (pref.) .. 0 14 0 N.Z. Hardware (ord.) .. — 0 8 9 N.Z. Hardware (pref.) 0 14 9 N.Z. Paper Mills (ord.) 1 6 9 1 6 0 Sugar of Milk — 1 12 9 Otago I>aily Timee 2 13 o Papuan Products — 0 1 0 Smith and Smith (pref.) 0 19 0 — Ward's Brewery — 2 2 9 Waihi 1 8 6 1 4 0 Waihi Grand Junction 0 7 6 Mount Lyell 1 4 0 1 4 9 WAR BONDS— 4J per cent. Bonds, 1930 97 10 0 — 4J percent. Bonds, 1939 97 15 0 — 4J per cent. Bonds, 1939 97 15 0 6J per cent. Soldiers' Bonds, 1938 102 0 0 — 4£ per cent. Inscribed 1988 ; 97 12 6 — 4) per cent. Inscribed, 1939 97 12 6 — 61 per cent Soldiers' Inscribed, 1983 102 0 0 — 6 'per cent. Postal Bonds, 1927 97 15 0 _ 5 per cent. Postal Inscribed, 1927 97 15 , 0 — 5 per cent. Postal Bonds, 1929 97 15 0 — 5 per cent. Postal Inscribed, 1929 97 16 0 —

LATEST QUOTATIONS. Buyei ■8. Seller 9. £ a. d. £ 8. 1 i. DEBENTU11ESN.Z. Oovt. it. per cent. Inscribed, 1933 97 17 6 — N.Z. Uovt. it per cent. Bonds, 1038 97 17 6 — N.Z. Govt, i J per cent. Bonds, 1939 97 17 6 — N.Z. Govt, lj per cent. Bonds, 1930 97 17 6 — N.Z. Govt. 5 per cent. Inscribed, 1S27 97 15 0 — N.Z. Govt. 5 per cent. Bonds, 1927 97 17 6 — N.Z. Govt, 5i per cent. Inscribed, 1933 .. : 101 15 0 102 5 0 N.Z. Govt. 5J per cent. Bonds, 1938 101 15 0 — Australian Gas Light 6 per cent., 1925 .. — ] 100 0 0 BANKS— Oomm. of Australia .. — 2 0 0 Conim. of Australia (4 pear cent, cum prof.) 7 0 0 — National of N.Z. 6 13 9 6 14 6 New South. Wales (own div.) 40 0 0 40 10 0 New Zealand 3 1 0 — Royal (*1 paid) 1 16 6 1 17 6 Royal (i'4 paid) 6 19 0 — Union of Australia 14 14 6 14 16 0 National of Australasia (cum div.) .. 9 1 6 9 4 0 INBTmASTCE— National — 4 0 0 New Zealand 19 9 1 10 0 South British 1 18 9 — LOAN AND AGEVCY r - Ch'ch Building Society 10 15 0 11 5 0 Groldsbrovgh, Mort 2 9 0 2 9 3 National Mortgage 4 0 0 — Notional Mortgage (London Regist<rr) — 4 a 6 N.Z. Loan a?d Mercantile (oxc. stock) — 82 10 0 Permanent Investment 9 5 0 — SHIPFINGHowsird, Smith _y •• 2 18 9 2 14 6 Huddart-Parker 2 2 S 2 8 8 New Zealand (6 percent. on.m pref.) — 9 12 6 'P. and 0. Def. Stock (ex div.) 325 0 0 840 0 0 Union (5$ per cent, cum nref., cum div.) '.. 1 0 6 — FROZEN MEAT— Canterbury 15 17 6 1« 0 0 N.Z. Refrigerating (£1 paid) 1 5 0 — N.Z. Refrigerating (103 paid) • 0 18 6 0 13 8 WO0LLENSKaiapoi (£1 paid) 1 8 9 1 4 9 GfASChristchuTioh . 8 7 6 8 12 6 Wellington (5 per cent. — 0 18 6 BREWERIES— Crown .. •»• 2 4 6 2' 6 0 Manning 5 6 6 5 10 0 Ward — 2 3 6 (3FMit\NTS— Milburn Lime •< — 1 18 0 Willi's N.Z. Portland 1 6 0 1 7 0 TIMBER— • Kiwi Timber (cum div.) 1 8 6 — MISCELLANEOUS— Pt°«th <md Co. 1 12 0 — British Tobacco (Ans.) 2 2 5 —■ Cant. Fawners' Co-op, (6 per cent, pref r« div. only) 4 0 0 — Dental and' Medical ■Supply .. 0 19 0 1 9 0 Tl.T.C. (7g 6d -nnid) .. 0 9 e — TV TO. (10s paidi 0 12 0 — Senry Jones Co-op. (cum div.) .. 2 5 6 — N.Z. Swrar of Milk .. — 1 14 0 Wnitcombe and Tombs — -8 15 ■e MrT-W Bros. 18 2 6 — MTTNG— Waihi (cum div.) — 1 5 0

BANKSAualruloeia 13 9 0 — Commercial .. .. 1 18 6 — ISiauvJiiai 6 13 G — New bouth Walo» 40 0 0 — New Zealand 3 2 0 — P. and 0. .. , .. 14 5 0 — Union ... .. 14 13 0 1416 6 INbUKANCE— jNulKiUUl .. .. — 3 19 6 New Zealand .. 1 9 9 — South British 1 18 6 1- 19 6 Standard .. 1 17 0 '— Eiver Plate .. 1 1 S 1 2 6 N.Z. Loan and 'Mercantile 75 0 0 82 0 0 N.Z. Loan and Mercantie \pre£.) .. ... 75 0 0. — COAL— iUKurangi .. .. 0 14 0 — Hikurangi (prof.) 0 14 0 — Taupiri — 1 1 0 Taupiri (pref.) .. 1 3 3 . — Westport 1 19 0 '• — GAS— Auckland 1 6 3 1 5 6 Aucnland (oont.) I 5 9 1 6 a Birkenhead and Northcote — 0 17 0 Gisborne . 0 14 3 0 16 0 SHIPPING— Devonport Perry 1 6 8 — BJuddart-Parker 2 3 0 2 8 3 Northern C 14 6 Northern (cont.) 0 7 1 0 T 6 ,P. and O. 80S 0 0 350 0 0 Union S.S. Co. (pref.) 1 0 0 — TIMBERSKauri 1 8 0 1 8 6 Loyland, O'Brien 1 15 0 — Parker, Lamb .. 1 5 6 WOOLLEN— Kaiapoi .. .. 1 3 0 1 4 3 Kaia.poi (10s paid) 0 11 0 — Mosgiel .. ... 7 0 0 — Wellington » 0 0 9 5 0 MISCELLANEOUS— Abraham and Williams ■ — 4 7 6 Associated Oil (cont.) 0 6 6 0 9 0 Bycroft 1 1 3 1 2 6 N.Z. Drug 8 3 0 .— Milne and Choyoe 1 3 6 — Milne and Choyce (pref.) 1 1 3 6 ' Milne and Choyce (B / pref.) 13 6 — >7>wton King (pref.) .. 0 17 S Milk Products 1 5 0 1 7 0 N.Z. Refrigerating 1 5 0 — N.Z. Refrigerating (cont.) 0 13 3 — Wilson's Cement 1 5 3 1 6 3 MINING— Moanatai-ari O 3 2 0 3 8 New Waiotahi 0 1 0 0 l 2 Rising Sun (oont.) .. 0 0 11 v — Wailri 1 3 9 1 4 0 Grand Junction 0 6 8 0 6 9 DEBENTUKES— Auckland Gas, 1938 .. 88 0 0 Auckland Gas, 1928 .. 103 0 0 — Auckland Harbour, 61 p.c. 98 0 0 — Auckland Harbour, 5J p.c. 100 0 0 — Auckland Harbour, 8 p.c. 105 10 0 — Auckland City, 1940 .. 28 0 0 — Auckland City, 1943 . 100 0 0 103 0 0 Mt. Eden Borough • .. 104 10 0 Devonport Borough .. . — 105 0 0 Farmers' Co-op., Canterbury — 99 0 0 Milne ana Choyce 100 0 0 — Macky, Logan 101 5 0 Farmers' Union Trading 93 0 0 War Loan, 1930 97 12 6 98 0 0 War Loan, 1938 — 97 15 0 War Loan, 1930 97 15 0 98 0 0 War Loan, 1941 97 0 0 War Loan, 1927 98 0 0 _ New Zealand Inscribed, 1927 .. - .. 97 17 6 _ New Zealand Inscribed, 1929 97 0 0 New Zealand Inscribed, . 1938 97 15 0 98 0 0 New Zealand Inscribed, 1939 97 15 0 98 0 0 Soldiers' Bonds 101 17 6 Inscribed, 1933 101 15* 0 102 0 0