THIRD-GRADE LAMB.

Press, Volume LXVI, Issue 19985, 21 July 1930, Page 12

THIRD-GRADE LAMB.

EFFECT ON EXPORT. MR DAVID JONES'S STATEMENT. That the policy of the New Zealand Meat Producers' Board was to keep the standard of New Zealand lamb for export high, and that the shipping of third-grade lamb to the Home market was not in accordance with that policy, was the statement made to a representative of The Press yesterday by Mr David Jones, M.P., chairman of the Board. "The exceedingly heavy supplies of lamb at Home to-day make conditions such that only the quality of the New Zealand product enables us to secure a payable price," he said. "The policy of my Board has always been, and still is, to keep the quality of our export high, and it is even more essential to-day that this policy bo strictly adhered to. "It is quite true that there .is a. market in certain parts of the Old Country for third-grade lamb, but the, question is whether New Zealand light and inferior lambs should supply that market, with a possible chance of affecting the name and standard of our output in the other grades. My opinion is that an entry into such a market is not warranted. "Then, too, the quantity Bent as third grade would not be large, and could be sent onlv at times when store prices were exceedingly low. A New Zealand third-grade product would have a detrimental effect on our whole trade, and would not be justified." PETONE FACTORIES. VISIT OF GOVERNOR-GENERAL. Wearing a coat made from material manufactured by the Petone Woollen Mills, his Excellency the GovernorGeneral (Lord Bledisloe), accompanied by Lady Bledisloe and party, paid his first official visit to Petone last week.

I Met by the Mayor, Mr G. McKenzie, | members of the Borough Council, and ! Mr W. Nash, M.P., they proceeded on foot through tho 2000 children who lined the streets on both sides, who gave hearty cheers. Before he drove otf to visit the industrial works, his Excellency asked the Mayor that the children be given a school holiday. For almcfat an hour, his Excellency stayed at the tobacco factory of VV. D. | and 11. 0. Wills, N.Z., Ltd., where over 300 hands are employed. All phases of the industry were unfolded to him and to' those with him, and frequently Lord and Lady Bledisloe entered into conversation with the girls who were operating tho machines. From the tobacco factorj the party went to General Motors (N.Z.), Limited, which is adjacent to the plant of W. D. and H. O. Wills. They were welcomed at tho entrance by the managing director, Mr W. McHardy Forman, and members of tho staff, and at once began their inspection of the huge plant, which employs 500 men and women, and occupies an area of five acres. Motor-car building in all its phases was explained to his Excellency by experts, as they passed from operation to operation, and the cars literally grew together under the eyes of the visitors. Their Excellencies were greatly interested to see New Zealand fabrics being made into upholstery for the various cars built at the works. A Maori girl from the upholstery department presented Lady Bledisloe with a beautiful bouquet, and when the party filed outside, their Excellencies were photographed in the midst of the office staff and his Excellency in the midst of the employees in the works iteelf. As they drove off, three hearty cheers were given for Lord and Lady Bledisloe. SOUTH AFRICAN MAIZE FOR MEXICO. (uai'i'iD rasas associatiok —bt blzctbio TELEQSEAPH—COPTRIOHT.) (Received July 20th, 5.5 p.m.) CAPE TOWN, July 19. Four ships are loading 20,000 tons of maize for Mexico, which is a new customer, and this inspires the hope that the season will bo more prosperous than expected. WELLINGTON INVESTMENT COMPANY. DIVIDEND 6i PER CENT. In their forty-fourth annual report and balance-sheet for tho year ended June 80th, which is to be presented at a general meeting of the company on July Slßt, the direc* tors of the Wellington Investment, Trustee, and Agency Company, Ltd., state that on interim dividend of 3 per cent, for the halfyear was declared and paid in December last, and aftor making provision for income tax on the year's taxable profits and £IOOO for depreciation of mortgage reserve, there Is left a net available profit (including £348 9s 6d brought forward from last year) of £3344 1# 10d„ which the directors recommend should be dealt with as follows: —Payment of a further dividend of 35 per cent., making 6i per cent, for the year, £2170; placing £750 to the reserve fund, making this account £27,000; to carry forward, £424 Is lOd. The retiring directors are Mr G. A. Troup and Mr Alfred Smith, who, being eligible, offer themselves for re-election. The auditors, Bucholz and Hobbs, offer themselves for re-elefftion. COMPANIES REGISTERED. The current issue of the "Mercantile .Gazette" notifies the registration of the following now companies:— Mary Lee, Ltd. Registered as a private company July Bth, 1930. Office: A. T. N. Gibbs and Ob., 89 Hereford street, Christchurch. Capital: £IOOO into 1000 shares of £1 each. Subscribers: Chwtohurch—F. !I. McArthur 7SO, W. F. MoArthur ISO, T. N. Gibbs 100. Objects: To carry on busiress of frock specialists, costumiers, etc. Evans, Val D., Ltd. Registered as a private company July 14th, 1980. Office: 65 Victoria straet, Chrietchurch. Capital: £550 into 550 Bhares of £1 each. .Subscribers: V. D. Evans 500, "V. I. Evans 60. Objects: To take over as a going concern business of Val D. Evans, electrical engineers, etc. Mount Rochfort Coal Development Co., Ltd. Registered as a private cbmpany July 7th, 1980. Capital: £6300 into 6300 shares of £1 each. Subscribers: Westport—A. W. Henley 2325, A. H. Dallastoa 525, W. P. Scanlon 250, H. R. Younc; 1550, J. Hod<?etts 1550, M. L. Henley 100. Objects: To acouire the rights and privileges of the Mount Rochfort Coal Syndicate and carry on trade as colliery and mine owners and general incidental. LONDON QUOTATIONS. (Received July 20th, 5.5 p.m.) LONDON. July JO. Friday's closing prices were:— - Cotton—August 7.08 d. Rubber —Para 6id, plantation eunoked 8 5-16 d. Jute—New July and offering August £2O. H-emp—None offering. Copra—August South -Sea £l7 170 6d; p)anation Rabaul £lB. Linseed Oil—£36 10s. Turpentine—36s 9d. Osmiridiunu—Firm end unehangsd. j