WARNING FOR N.Z.

Press, Volume LXII, Issue 18677, 28 April 1926, Page 10

WARNING FOR N.Z.

DAIRY CONTROL SCHEME. (Bt CABLK-PKM* ASSOCUTIOS-COPtBIOHT.) I. ; tSTOXK "Son" SIRVICI!.) LONDON. April 26. The periodical "The Grocer," in a leader, warns New Zealand dairyfarmers against the Dairy Export Control Board's latest proposals, which it interpret, as meaning absolute control of shipments and distribution probably also including compulsory pnce-hsation and pooling returns. „ | •It is a foregone conclusion, sajs Particle, 'that .this; 'will ™»5J»£ every class of British trader. Ihe proposals done New Zealand Industry •Miderable harm. Hmi Board would be better adnsed to confine its attend to the New-Zealand end ot the tXSinees, and leave the hnglwh importers and wholesalers to carry on in Great ISLAND FRUIT. «UtfANAS AND ORANGES ARRIVE, j " I shipment of Island bananas, tran-, shipped from Auckland to Timaru, and j raited to Cbristchurch, has.arrived, and | a 8 the fruit is fairly ripe, and will have , to'be disposed of quickly, it is likely, . that it will be retailed fairly cheaply. The average rate paid by fruiterers was 2os J per ease, and the added cost owing t6 the 'shipment coming via Timaru was B The^ga C kuta is bringing 20,000 cases of .oranges to Wellington, and Christchurch is to .be given a good share of this large / shipment. Transhipment profcably will be made in the ferry steimer, and. as the cargo is perishable, it will be unloaded at Lyttelton. In,view of the largeness of the consignment' low rates are likely to rule. DRAINAGE BOARD LOAN.

'AUSTRALIAN INVESTORS LEND ; ; . £200,000. : It is WersiofKl that a purchase of local .boily debenikures which constitutes a 'record' in Christchurch haa been completed, this week by a well-known firm of phristchurch sharebrokers. The purchase referred to is that of Christchurch Drainage Board ; debentures to the valye M £200,000,. at par, and was made on behalf of Australian investors. Tfieee- debentures bear mteffeßt,ratv the' rate of 5J per; cent: per ~A reference' in the report of the . Finance eommittee of the BoardJ 6Ub-niitWd-'afe the' latest held meeting of thti!Board;on the;2oth ibst., .indicates .that negotiations,for the; purchase of these' debeptures have bpen in; progress for some, 'time. "On the. recommendation 6f the f committee, the ; Board gave it 'authority ."to-pay loarl; interest.and inpayment- of prinoppi .. in. Australia, • of exchange", if nccesaarjj'

; THE OF EJECTION. t (PRIBS ASSOCIATION TILtfRAM.) . , iWELIiINGTON, 27. j ' A, largwy attended . conference of , d«iry ■ :ciM»ipai}ie i 9, > : iconsisting of repre : be idisoussed, at r a .conference of prci.ducer»(c6nyened by the Dairy Control ' OBaaifd for passed the follor. nili resOl'utipni'with one dissentient: ; ""ftiat this toeeting-of presentatives uf dairy companies expresses jto emphatic desire, ihat - members of the Dairr Control Board should be elected wT 'tlie basis ot : the single *ord-ByStemi *i*;wards: for the Nortn island, and three.vards for the Soutn and by one producer, one vote. Obieciipn was taken to .Mr, AresidinV at to-morrow'a meeting, and I :■%' passed asking .that the ■ bis appointed, by the confei;Hardness moved; "That this meetilig" uriethatA-to^jhorrOw-'s.meeting ? following method of noting—- ■. for. jIPQ > tons, of ©xport X; buiteriby, a company, ,with a maximum of,lo yotes. ,200 tons of cheese to be Ir . • OB^i'jkness 1 , .alJeged. that ,a ( /certain centleman frbAi 'the north'was coming jf rpwl .Totea to dominiate; the - ution wis;* finally altered to \ carried. 'ibllowiajK 1- resolution was also MriJeSV^''That' this meeting favours '.V _ litiJy" 'meeting is -anticipated to- - jfadrrtw.''' ' - -I'" ' ' > 1 ' •

''v. ■' "> ■<)'.' < ' -'■■ ' ' - 'v.'' ' ~' v ii/ 'n •• - SHIPMENT ARRIVES IN LONDON. ' (sir: ? cisu—raass assocutios—comtOHT.} .' Uvtncuxiua akd -a.z- < cash AgaoaATJOR.) , . LONDON, April 26. ,'Jnfcreat, attaches, to the arrival of th« Glan Macwhirt«r,' carrying the first 16' tales of Samoan cbtton. \ to the New Zealand for disposal after tHfr expertt' report 'has been sent to ManAwter.;' ■'

, FjOftEIGN EXCHANGE ISATES. ' / LONDON; - April' 96/ . • I l-*f. ) i/JS'I i- Par.' April 23. April 26. Par*, fr„. ta: A' •,;12532J. MB.BT 145.80 BraatoK h.Mto,.£l' 33.22) ,136.37 135.30 Oik£r.vtb,il • ... 18.159 22.47 23.5-2 i 11.'19.118 . 18.50 , ls.w kr. to £1 18.159 18.17 18.17. ' Berlin; , Bdebmarkw ... Uontnaf, dol.'.to 4.86J 4.85J 4.85| -New" York.' dk>Vtoil -4.8fci'4.861-16 4.88 5-16 Home, Urt to *1 45.491 120.80 12*95 Yokohama, at. to-yen 94.5 . 231 ' 231 toi»*ll> t<» gold£ 17J 17* Hon* Kong,,«t. to dol. • 28J 24J AaXdamffl * 12.10™ ".12 19-10 JMXT • •• ' 12-Wi 1 2< » • Gwerned by pncej* stiver. ;" • " .. WOOL. ' ' ■: , 1. ' '■ ' LONDON, April 26. »the wool 'sales were resumed _ Competition generally -.war • keen -'on ,the ba«e : closing >t««. G;r»»r menno sold to 2S& per' lb: . V« E<SG'AUCTION. - \t/,\ l;>, - ( ' ' '■> '■ )' _ ■ /•''f&Mp''riarri» %*»', Ltd , wjfort that ;>gg» waa beld in rH«nford' street, > yssUrday MjumjWi 5Th«, following [price* wfi* ? re-. "First graae"(2Ai or oVer), (undsr &»), 2a 8d to