SILVER PROBLEM.

Press, Volume LXVII, Issue 20251, 1 June 1931, Page 14

SILVER PROBLEM.

AMERICA'S REMEDIAL PLAN.

(UNITED PRESS ASSOCJATION— -BV BMCTBIO TEIJ.OBAPH —COP3TBIOHT.}

WASHINGTON, May 29,

The United States will have a complete plan to propose to alleviate world silver conditions should an international conference be called. While the United States is not disposed to summon the conference, because its interest in the subject as a producing country, State Departmental officials said to-day the American representatives to such a parley would contribute a -concrete plan to help solye the problem. ~.»* + Dispatches from China to the eifect that the Chinese would postpone until the autumn the calling-of a. conference were received with disappointment.

DAIRY FACTORIES' MERGER.

TEMUKA AND WAIMATE. In a circular letter, the, Temuka Co-op. Dairy Co. has notified its shareholders and suppliers that an extraordinary meeting of the company will be hold in the. Oddfellows' Hall on June sth to consider and confirm a xesokttion (which was carried unanimously) passed by the Board of Directors of the Temuka Co. at a held at the office of the, \Vaimate Co-op. Dairy Co. on May Ist. The resolution reads as follows :-r—----"That the Waimate Co-op. Dairy CO., Ltd., take over all liabilitiealmd assets of the • Temuka Co-op. Dairy Co;, Ltd., as set forth' approximately" to* day, and each company shall call an extraordinary general meeting as soon as possible to' confirm-.the • aotion of the directors. If this resolution is ep-, proved* by both,: the Temuka Co-op., Dairy Co., Ltd., will appoint tw:» directors to the board f of directors oi the Waimate Co-op. Dairy Co., Ltd " In a further circular the Teipuka Dairy Company says: "After.many years of keen competition for the same_ supply in the South Canterbury district, the directors of the waimate Co-op Co. ■ and the Temuka Co-op. Co have decided to approach the suppliers of the' district in a-spirit of co-opera-tion 'with' & vie* to, consolidating the position of-both companies. Thebenefits to 'he-.delved by the supplier by doing away with overlapping, by cream collection lorries, bringing with it an unsettling effect upon cheede suppliers, the probability of boundary fixing with other companies in our vicinity until such time as they' may join m this movement, the lessening of overhead expenses will mean not only a considerable increase in your pay-out, but by co-ordination and consolidation, the interests 6f the farmer can be better served. If the farmers of the abovenamed companies support this further step in', and give a lead to" the farmers of the wholb of Sotith Canterbury, tlie highest possible payout"'is assured."

DEVWPORT STEAM FERRY COMPANY., , 1 r» ' > ' "■ J* ' ' > '' ' NET PROFIT, £11,230. %c ' . - '(nussa AMOCUTIOS tbmmbuh.) > V/' AUCKLAND, May 31. '5 jfc net profit of £11,280 is shown inI.th<j aiywal report of the Devonpori Steam l Ferry Company for the year ' onded 'April 80th. An interim dividend of S| £er. cent. hasbeeti paid, and the directors recommend a float dividend of the same, amount, 1 making 7% per cent, fo? the year. , , 1 IThe iiet profit of the company for tho year ending April. 30th, 1030, was £11,241, end the saiqe dividend (7J par cent.) waa paid, a flgnra maintoltfed for a number of years. The distribution is £11,250. . The capital "of. the company is £150,000. Beeervcs at last IxilftnQe wero £85,502.

NEW ZEALAND APPLES.

LORD BLEDISLOE»S CUP. , (tjmTED rBBSB ASSOCIATION—BT 'ELECTRIC TELEGRAPH—COPYEIGHT.) (Received May 31st, 5M -p.m.) LONDON, May 29. Lord Bledialoe is presenting the Imperial Fruit Show with' a silver challenge CHf? „valued at 60 guineas for the best exhibit of New Zealand apples at.the spring show on June 2nd.

BRITISH TOBACCO CO. , (AUST.).

dividend announcement.

(PBJia.i■ ASSOCIATION TELEOSftM.) WELLINGTON, May 31. Tho British Tobacco Company has notified a dividend of 14 per cant., payable Junb 30th.

Tho-'British Tobacco Co. (Australia), Ltd., ■bar a ■ capital of £8,184,459 ordinary, ana £1 484,727 preference. .Its net profit for the year otiding October, 1930, was £1,074,672, 'arid the dividend 13 per cent. In 1929 1.1 per cent, was paid, and in 1928 10 per cent., the" two preceding years being 12 i>er cent. The 'ordinary dividends are paid quarterly—in December, March, June, and September.