PAYMENT OF DUTY.

Press, Volume LXVI, Issue 19972, 5 July 1930, Page 14

PAYMENT OF DUTY.

A DUNEDIN CONTENTION, (PKEBS ABSOCUTIOIf ■JBtEORAKO DUNEDIN, July 4. The following telegram has been despatched by the Dunedin Chamber of Commeroe to the Prime Minister: — ''ln reference to your telegram aud statement in the House of Representatives concerning the duty on goods tor Dunedin by ih© Argyllshire, we do not object to the Customs Department refusing to accept entries until a vessel reacnea the port ot discharge, provided tiat importers throughout the Dominion shall pay the same rates of entry as will be payable at the first port of call. You Bay the decision arrived at places all importers in the same centre on a similar footins. but you possibly overlooked that this gives them preferential treatment over other importers throughout the Dominion. As northern merchants regularly trade in Dunedin, any lower dutioß paid by them will give them an unfair advantage in competing hero with local merchants." NEW ZEALAND INSURANCE COMPANY. RECOMMENDATIONS FOR ANNUAL MEETING. (raSM ASSOCIATION TZUeOBJUt.) AUCKLAND, July 4. The directors of the New Zealand Insurance Company have decided to recommend to the shareholders at the annual meeting, payment of a dividend of Is per share for the half-year, making Is lid for the year. The directors al«o intend to recommend that £300,000 be transferred from reserves to capital, increasing the paidup capital to £1,500,000. The dividend last year was Is 10d per share. By the proposed capitalisation the nominal value of the shares will be increased from 16s to 20s fully paid, DIVIDENDS.

USUALLY PAYABLE IN JULY. Auckland Gas. Aust. Bank of Coraweree. British. Tobacco (pref.) Canterbury Saleyafds. Commercial Bank of SyflocJ Eotricao, A. J. Equitable Building, Finance I^td. Hay ward'* Pictures. H.M. Arcade. Howard Smith (pref.). Kelburn and Karori Tram. National Bank of New Zcalav-i. National Mortgage. Newton King (pref.). Ni.Z. and Rivor Plato. \ ; .Z, Breweries. N.Z. Farmers' Co-op. Stock. X.Z. Shipping (pref.). Permanent Investment. Smith and Smith (pref.). Union Bank of Australia. Wellington Investment Trust. Wellington Trust Loan and Investment.

WHEAT. CHICAGO QUOTATIONS. Iv'EW YORK. Julr S. Chicago wheat quotations are:—July 003 cent! a bushel; Saptembcr,9Sl casts; Docem* bar, 90J. ENGLISH QUOTATIONS, LONDON, July 3. : Cargoes, in sympathy with firmer North and South American advices, are eteadior. Sellers are asking an advance of 3d, but buyers are not responding. Parcels ara in fair request and occasionally 3d higher. Futures—London: July 33a 4d, September 33s Gd per quartor. Liverpool: July 7a OJd, October 7s 2id, December 7s 3d to 7s 8d pef cental. The spot trado is email. Australian, at ship, 39s 6d.

DAIRY PRODUCE. LONDON QUOTATIONS. LONDON, July' s. Butter—The market it quiet. D»nl»h. 148s; choicest Baited Now Zealand, 186s to 187 a; AuAtrallan, 1528 to 184e. Unsalted, New Zealand, 146s to 160s; An»« trnlian 13ds to 184b per owt. Cheegft—The market i( easier. New Zealand, white 76i 9d, colourod 80s Co 82a po* ttvri. A. S. Paterson and Co.. Ltd., have reeelvod the following cablegram from J. and J. Lonsdale and Co., Ltd.:— Butter—Market Arm but quiet. DanlhH 148s, New Zealand 196b to 187b, Australian Oh'etsfr—Mark#t steadier. 'Whit* 78» to 70b, eoloured 61*.

LONDON PBUIT MARKET. LONDON, July S. Apples •* UlyMea sold aa follows:—South Australian, Duiitia 6a 6d to 11a od, Roke* wtods 9a Sd to 16a 3d, Komea and Londona 7a ®d to 0a M, Jonathans 9a to Eta Sd; Victorian, Oleopitrta 6* 6d to lis, Jon» thatts 7a to to, Granny Smiths 10a Sd to 12s Sd. Stumers 0a to 98 64: Taamanian, Cltopatres fls to 12a od, Bturtnern 6s 6d to 9b, Jonathans 7s 3d to 7s 9a.

BRADFORD TOPS MARKET. LONDON, July 3. The Bradford tops market i« qujet but steadier. Tliero i* very little enquiry. Quo« totlon* compared with last week are a> tinder: Last Week. Thie Week. Sixty-four# .. .. 97<J 27d sixties ... .. aed 26d Filt.y-aixes .. •. 2t>Jd 90) d Fifties I7d 17d Forty-elies -• lßtd l<id Forties ... .. 16id 15d SILVER. (british omcnt wxaetiss.) (Received July <th, 6.S p.m.) KUOBY, July 3. Quotations for eilver are:—Spot, isjd per bunco; forward, 15|d per ounce.

THE HEMP POSITION. FlaxmUls in the Manawatu district are now practically #ll closed for the winter, and it U difficult to say whether they will reopen in a couple of months' time, when milling ie ordinarily resumed for the sea son. The overseas market Is described as still most unsafe factory, and as proof of thlp the beet offer that could be obtained from London was £24 per ton for high fair grade, which Mice wontd leave practically nothing for »ho producer by way of margin. The libra market in still depressed. The Government's offer by wa* of loan of £4OOO has not yet b#e» taken a<l> vantage of, as the current prioe* tor New Zealand hemp Are so unattractive and the Prospects improvement In overseas markets 66em extremely remote. The only apparent solution is in reduced coat? of productionWESTPORT coal output. Tte output from the Westport Coal Com* patiy'e mines for the month of June wa« 28,399 ton*, compared with 17,864 tons for th« corresponding period last yoar , B ; n . er**aa ti 11>MI ten*. • '