N.Z. WOOL FOR JUGOSLAVIA

Press, Volume LXX, Issue 21245, 17 August 1934, Page 15

N.Z. WOOL FOR JUGOSLAVIA

POSSIBILITY OF NEW MARKET SAMPLES TO BE SENT The possibility of opening up an export market for New Zealand wool in Jugoslavia was mentioned yesterday by Mr D. Roland, of Christchurch, who has returned after a visit of two and a half years to Central Europe. Mr Roland has been commissioned by Jugoslavian wool buyers to purchase New Zealand wool, opossum and rabbit skins, and he believes that there is an excellent chance of finding a good market for wool from the Dominion in Jugoslavia. Curiously enough Jugoslavia' is itself an agricultural country and produces a considerable quantity of wool, but Mr Roland explained that most of it was of poor quality and that supplies of fine wool were needed to mix with it. Last year Jugoslavia imported 12,500 bales. 60 per cent, of which came from the British Empire, and Mr Roland believes that this quantity could be very greatly enlarged. Almost all the other nations of Central Europe either have quotas restricting the importation of wool or else the exchange position is such that exports to them from British countries are unprofitable, sai I Mr Roland. Jugoslavia, on the contrary, has no quotas and will pay for her imports in English money. Mr Roland mentioned that last year, in response to a request from Sir Thomas Wilford, he had attempted to arrange shipments of New Zealand butter to Vienna. He had been given an order by a Viennese firm of wholesalers for 20001b of butter a week, but the arrangement had broken down because the Viennese were not permitted to deal in foreign currencies and so could have paid for the butter only in Austrian paper money. Mr Roland said that samples of New Zealand wool would be shipped to Jugoslavia to-day. If they proved satisfactory he had little doubt that it would be possible to build up a not inconsiderable export trade to the country. MINING i WAIHI RETURN, 1597 ! OUNCES j i [THE PKESS Special Service.] j AUCKLAND, August 10. The following information has been cabled to the London office of the Waihi Gold Mining Company, Ltd.:— For the period ended August 4, comprising 22 crushing days, 18,566 tons of ore were crushed for a result of 4597 fine ounces of gold and 30,179 fine ounces of silver. This includes 1583 tons mined from the Grand Junction area, which yielded 426 fine ounces of gold and 1075 fine ounces of silver. Development work for the month is as follows: No. 4 level, north branch of Martha lode: The winze is now being sunk at 130 ft. West No. 5 level, Martha lode: At 800 ft west the crosscut has been commenced north-west, and is out 34ft. No. 6 level, north branch of Martha lode: Driving west the next 35ft is ore of good grade. The lode is about lift wide. Grand Junction—No. G level, royal lode in intermediate level of 40ft flip —No. 10 rise 44A> has been driven east. The assay value is 41s 9d a ton. The wrath of the lode varies from 3ft to a width greater than the drive. Sixty-eight feet has also been driven west. The assay value is 28s 9d a ton, and the width of the lode varies from 2ft to sft. MAHAKII'AWA HALF-YEAR The half-yearly report of the Mahakipawa Company to June 30 covers the operations of the company on lines previously published. The mine working account for the six months gives the proceeds of gold won. realised, and accrued at £9459. Wages and salaries totalled £3289, mining materials £863. electric power £742, cartage and freight £66, insurance £122, and general expenses £27, leaving a gross profit of £4350. From this are deducted general expenses, including travelling and legal expenses and fees, £334. and the net balance transferred to the appropriation account is £4OIO. The balance-sheet gives the paid-up capital as £23,915, sundry creditors £1205, and net profit for the period £4OIB (less balance brought down £1051) £2967. On the assets side the mine property is put down at £15,000, balances due on gold on hand £497, bank balances and fixed deposits £lßll, savings bank deposit £2OOO. plant and development account £8767, a total of £28,087.

FOREIGN EXCHANGES. (cnniKU omti.a wibelej-j.) (Received August 1 fi, 7.5 p.m.) KCOIIY, Ai)?u.= t 3.'.. IMr. A us. 14. Auj. 13. I'aijs, fr. lu _,,„.. , £1 1-I.'.it 70 9-32 7011-3'2 Kcw York, dol. to .£1 4.SUO ."..10 ...U( 7-1 C Montreal, dol. , 10 .':l 4.500 4.9C 1 : 4.904 bulgii s'to £ 1 3 5 2 1.4-2 2 I.■ J1 i G °"" Va ' \\ 25 2210 lO.lOi 15. (0 AmSlCTl 'to"'. i , l 12.107 7.1-2 7.41 i Milan, lire to . . . £1 92.40 ..o« .>■'» Berlin, i-i-'ii.'li-to £1 •• 20.12 V2.SO\ 12-Soi Stockholm, !>)• , ~ ,„ „„, to i-t is. 150 vj.r/Ji is).:;'JJ Copenhagen, , l;r. to il IS. 150 22.59J 22. u 9, Oslo. kr. i3 |io ]ij/j(Ji ig/JOl si . s . c? r, ' aaUC, to r £I 104.25 1212-10 1313.10 llf!.sin.'ifor.«. , murks to£l 103.23 220„ 22C.\ Madrid, p »<■■(< , . las toil. Lisbon, esi-u----(1.,s t■..".• I 11'J "- y i ll '- , J Bucliai-ej't, lei to .fl 315.5 504 jO., Allien.-), draeb io .it 575 523 ./2l liolsradu, dinars 25.22) 5 22.1. 22.1 Kio do Janeiro pence to . milroi.? .. 4.892 -U -li Buenos Aiics, police to dol. 45.577 30i 3oJ Montevideo ponco to dol. 51 3S:i J8: t Dombay, pence ..,.,,, to rupee 19 13 lit. 13 l-lo Shanghai, . . . , . ponce to dol. •■ IUII-lb Jo IMb lloiig-Kons, pence to dol. * l? 8 IS. Yokoliarna. pence to yen 24.57 14 7-32 141 Warsaw pur zlotys toil 13.58 Ealavia, s ,iilder.i 1-2.1" 7 - Determined, hj price o/ nlver.