BRITISH CONVERSION LOAN.

Press, Volume LXV, Issue 19770, 7 November 1929, Page 12

BRITISH CONVERSION LOAN.

BETTER RECEPTION. THAN J ANTICIPATED. ' ftjrmß i.w: * T r-irr*:w i nl* s** * — l c i• * * :a " r (Recti rut .\i}f*ntVr 6fb, 5.5 p.tn.) I/>NDON, N'ovamVr *5. 1% is ander-to«»d thai £30.000,000 of j the oew •"> pT cer:. conversion loan i* being offered to the puMic at par, bat. j it ban been placed with th« bankf, i iMnrano? < nmjjauttrf, Jtid Lirge j b<>ii»*9 af Tb* • F.riJ- i*t >'«•» « that the e* pUo>ti"n i* th.*t th*r 1 ry i-« faced With fh» <•: ( covering Ja" u irv .i rvi 1" "''T s.tv nt-»- , t untie*. t'-tjllinc a|tprn*im»t*i» i HJI .»mo.Q»*>. at a tim* »hfit themon»« j market. o»m« t«» ra>w», «il! ' b« inor* p*rt'ir''» '1 '.IT ►•rtairi than _ at f>re.v*t> t. H' i thf Tr»* i- :r> ant;«-i----p.itad *u«:h a favourable for the loan th»r» would h.»*«S b«-«*n "*> niyin for i!H'i«rtalmK what ii viran ruder* riimg operation. Th® art ton of tl># Tres»«'trir m df-tated by prud**or►» whirh avrrit.S t' i*"*" fil"'* n to bar* been e\ce?Mve. AUCKLAND EliG EXPORT. |Tn rtlll Sp» eiai Sarrtaa ] AUCKLAND. November 6. Kp producers of th* Auckland province ha*e increased their export of j eggs by ItW p*r cant as compared with last seaaoo St th* totals to date of 61)0 »-rat«* "f 3) «i>*wn rarh. shipped en th# Kotorua and *») crates cm the Cortnthic In addition, another 300 to M) rratm w-.1l ►» raited to th-* Utter vessel at Wellington on Nwmbtr IfHh, making • total aiport for 19(19 of approximately ISJO crate*. Tbts %» 9*JO crates in eirtM of laat TMr't •thipm-nt*. Despite the satisfactory totals, a greater quantity of eggs woaki have btrn exported had producers esercaed morn ear® in the condition of the egjp sent in to the Goternment grader i Mr Jarrett). T%e shipment* shoatd be worth upwards of £4OOO to th* poultry industry of the oronnce. A portion of th* •mo<mt Baa already Wn paid by way «f an advancw of Is Id p#r dow>n. and tha b«lanc« will b» remitted upon r»vatpi of account mles front London, «h«n it is exneeted the marke-t should W •lio*!ng a Waßhy ton« for superior grtdtd producw. MOSGIEL WOOLLEN CO. ANNUAL REPORT. [m rau Special lerttea.] DO'EDLN, November 6. Tk* diwctori at th* Uoagi«l Woolkn Factory Company, Ltd., state in their snassl iwport that tb« opcrationa erf th« contp»ny for tb« p*st y«ax har« ti m at a na.tur«, and «x----pn« Um belief that shareholders will be riind with the result. The new him hiif j is now mostly in action in tks dsv wine recently added to the ■painting bnilaing. Hie profit and loss accoont dotted last year wrth the sum of £10,518 19a 3d. From this was dednoted the dividend paid in November, J9S8 t amoaaCxQg to £5722 >6«, and the interim dmdottd paid in May. ISS9, amoonting to 4s, in all £9538, leafing £6960 19* iM at the credit ai profit and loss account. The balance available tbis year alter the provision of £3OOO for depreciation and th* addition of £2060 to reserve account is £15,971 'is 3d. The directors recommend the payment of a finad dividend of 4 per cent, and a bonoa of 2 per cent., amoonting to £5722 16a, and equalling 10 per cent, for the year. After payment of fhis there will be a atnn of £10.248 6s 3d at the credit of the new profit and loss account. The directors record with deep regret the death of Mr J. Lethbridge, and report that Mr G. M. Maclean was called to the vacancy on the Board. HJL COASTAL SHIPPING. A LONI%ON VIEW. • Th» eoaatal •kippiaf Sew Z«*lsa<i. lik* fltM •( AastrsH*. i* l«rmf b»diy. ow mf to a flinty •( tinn* lirtnatlucm, aa 4 tk» 4»ptmmoa is b«eoviag www < r»a*rk> ifc* "Stippinf World.'' Loodoo. o( S.Stb >. Railway, ctn*p*tit,on »s4 motor ««r----«Wm •ztaa4ia« Ca.tk«-ports »r« iajarnic the •••-bora* Ira 4*. TIM (hf> oi«a»n protcat that tk.» tataytilioa caaa«t a«t on tmit Ham aay iMiaalUy c«a|u/. , Th» r»ilwayi in rwsaiac ragarriloM of loan. ta4 cari •r* raa bj privaia ia<U«t4aa]>. wbo •r» not p*tr««d by any tabonr airafC A> a«aiaat till. U* iU|»iaf c«mpa»7 to •T«r-'ia<tr«a>iaa «r»«i»si aa 4 iabonr "-r*•trißlwii*.. wb»«k fore# up tb« ranaisc ceeta. Wi'B* «at <f IS of tkm y««im»r (taaam of tha st»r«l>«ra Staaankip Coatpaaj. b» th* r»<»nt «a(» award, km taid a tide aa 4 tor carta Tl* mbm alary is Wag M 4 ai] o*»r ik« world. of lbs caaadag tr»4a to th* aatiooal fl»« *i«a;M liaiift tor higber aad nn bit bar w«fM by «aa»«a «a 4 ibave baa 4*. who eas *l*i* IUI Mae* tharv i* a-> ontaida cnaptliti»n th« «lnppio( en«CHaaita caa yam oa tha vbart* la lb« (ouaatr. Aad that »». at rotrrio. wbal la bciac dona, with tb« rssiiK thai iwlu<tr7 (•a«ral]> aad ha (to tara pl«a4a far atn and aora protactian. BROKEN HILL SOUTH. fthar«l-»td»Ti had food r«a*«n to tak* a bop«fttl *»•* of tlw fuSura #1 thair «ot*rpriw. aaM Mr CaHa Fraaar. chamaaa of dtvmctar* •f Bra hat. HiU Saatb. Led., at tha aaaaal an(i»| haid ta Maltmsraa on th* 24th alt. Mr Fraaar d»»«*nh«d th* ota r»««?■»• poailioa a< aaltafactory. and said tbat th* plant raeaa•trurtion aad aaia* drr«!opm*nt work, togatbar with th« (nfttaaa to ohtaia aora •KonSatieal pavar. ahaald roatri 5o»« ta a radnctiaa a( pradaeiac o«e* witltia two or «hr*a faar% aa 4 abonld ai'.a* tba nefta; ta racraaaa ta oqtpat tf c.rcaat«t»acaa war r»at«d »««h a '«ot». aurroaat* fa* UU-lf. Mr Fraaar oxv'aiaad that af tha a«t prodt af f33.f.359. aigiif tecoant#d far 1250.Uj, aad iat»«ta»nt» fa* 1107. (U alls tba appartlaaaat of axpaaaaa. Tba bxtar trad* of or* tr*»i*d. laprovmt auUia( r*roftri#», and a Miftun of S» 3d a too ia tatal avaratiax eo«t*. e<xn'paasat*d far th* axrwM >f IT.iW toas ta (he qnaatity af or* tr*at*d. TH* >nrr*a«* of 24* a taa in th* swaraga pn.-« af l»ad. aad tba aiora fa^oar ratoiaia* clMrn wada by th* B'rok»a Hill' Aaaactat*! Ban»ltar»' pTapn«tar7. Ltd.. b*lp*d ta raran tba »ra4u Aaxtat; abaat tha watar aappty at Brabva Rltl bad prmrp«*d tl>* Board to to«»n< faads. aad tf tha r*»*r*wkt9 w»r» rwp(aai»b«d bafar* tba di:*a«t«»r» »»t in J«anar7. and othtr ca«4itiao.« »*ra aavbaac*4. tba fact that an b»aas «u •waul ia Bap(*a»h«r w«nld fc* h«rn» t» aaiad. Tha taaapaay had baofht 33.J33 fully paid tl • t« *h» Empvnat Saa*iuc,( Corpora tioa. wb>«h waf d«a*ia*d ta p(a? a leading •art ia tha aoa lrrr»m i»d».««rj of lit* Bri (r>b Cmplra. Anatrafian prod acm *f tia* <une*Rtratr« wrr« w*:i-nm:a( aa #it»mirioa of thtr carperatioa'* works at ATonmoath and ftwaaaaa. Tba fhaimin »»*ar*d *h*»-»hold*T» tbat lb**a had aat baaa aa; d*p»rtar* tram t!»« xafaa; i foand and »r»t««Batic piaa of •»a»a*. a» aajr aWtm of •top** ar ar*. »a«al bad b**n attained. Th*' acsrasai* af th* i«r»i«rw« of fead. itae aad is 1924-39 hal haaa acmiaat ia ISRMI; Jl3 to 192477. :t« ia 1925-SS; 341 ia 19'JS; aad 211 i tfl» Tba rwaaatractiaa of tha flataf»aa iaetiaa af th* will wn'd h* tain fa km a* aa nptnenlal wark bad fd'at#d tba naat «muhla machl for th* wwb. TV ml »f tba a»w paw*' piaat had (w»i» **#fliat*4 at tV>f> <ttx> of which tba knatfe Cawpaar waa!d pro*id* flW.Mfl Sabai )(i waaW raaalt frvet tbia mpwttaas. i