COMPANY NEWS

Press, Volume LXXII, Issue 21978, 30 December 1936, Page 11

COMPANY NEWS

NEW REGISTRATIONS The registration of the following | companies is published in the Mercan- j tile Gazette:— Public Ngahero Gold Dredging, Ltd. Timaru.-Capital, £205,000 in 200,000 ordinary £1 shares and 100,000 deferred is shares. Subscribers: Sydney —Alluvial Prospectors. Ltd., 77.000 £1 shares, 50.000 Is shares. Timaru— British Developments (N.Z.), Ltd., 77,000 £1 shares, 50,000 !s shares; New Zealand Prosnecting and Mining, Ltd., 40,000 £1 shares. Caboolture, Q.— J. M. Newman, 1000 £1 shares. Sydney—T. M. Owen, 1000 £1 shares; G. F. Davis. 1000 £1 shares. Gore—R. B. Banncrman, 1000 £1 shares; Greymouth —R. Methven. 1000 £1 shares. Barrytown—J. Ryall, 1000 £1 shares. Objects: Mining and incidental. Southland Farmers' Lime Company, Ltd., Invercargill—Capital: £II,OOO in shares of £1 each. Subscribers: Invercargill— F. H. Tucker, 200; J. H. Boyd. 200; J. A. McDonald, 200; H. G. Mason. 100; W. Batchelor. 100; H. S. Mitchell, 100; D. Teviotdale, 100. Objects: Lime manufacturers and merchants. Private Pine Products, Ltd., Dunedin.— Capital: £4OOO in shares of £1 each. Subscribers: Dunedin—D. C. Jolly, 200; J. Haig, 100; W. F. Forrester. 200; H. M. Mackay, 500: T. P. Cuddie. 100; J. H.-mer. 100; S. M. Townley. 600. Lime Hills—W. Swale, 400. Winton—J. B. Swale, 100. Edievale—J. Winter, 250. Mosgiel—J. A. Fowler, 100; C. G. Shand, 250; J. Fowler, 100. Allanton— W. I. Nichol, 200. Outram—R. Mitchell, 150. Pembroke—J. Faulks, 200. Cromwell—J. Wishart, 100. Otama— R. S. White, 100. Stirling—R. Hastings, 250. Objects: Indent agents, brokers, merchants, retail and wholesale distributors of general merchandise, and in particular disinfectants, sheep dips, i stock and animal medicines, and incidental. McNeill and Tripp. Ltd., Queenstown.—Capital: £3OOO in shares of £1 each. Subscribers: Dunedin—H. Henderson, 1501. Queenstown —J. J. McNeill, 1299; A. A. Tripp, 200. Objects: To acquire the business of a storekeeper and general merchant now carried on by J. J. McNeill at Queenstown. Dewe (H. J.), Ltd., Wellington.— Capital: £2500 in chares of £l. Subscribers: Feilding—H. J. Dewe, 2499; Lily M. Dewe, 1. Fellmongers, wool scourers, and wool and skin buyers. Kreglinger and Fernau (N.Z.), Ltd., Christchurch—.Capital: £2OOO in shares of £l. Subscribers: Antwerp—A. E. Kreglinger, 1500: H. S. Fernau, 450. Sydney—R. D. Whyte, 50. To acquire the business in New Zealand of Kreglinger and Fernau (Australia), Ltd., woolbrokers and skin buyers. VICTORIA INSURANCE ISSUE Shareholders of the Victoria Insurance Company, Ltd., at an extraordinary meeting in Melbourne, approved of the proposal of the directors to allot 25,000 shares of £2 each of the unissued capital at par in the proportion of one share for every four shares held. The chairman, Mr L. F. Miliar, said that the new capital was required to meet expenditure on account of new building operations in Sydney and Melbourne. FOREIGN COMPANIES A MOVE FOR FAIR 'TREATMENT Means of promoting the fair treatment of "foreign" industrial establishments were considered at a meeting or the Committee on Foreign Establish-j ments of the International Chamber of Commerce, held last month in Paris The committee completed the draft ot a model bilateral agreement, based on the principle that Governments should not discriminate against foreign Arms established on their territory. The standard agreement provides that there shall be no discriminatory taxation of the foreign establishment, no restriction as to the nationality of founders directors, or shareholders, and the same riPht to employ foreigners in the capacity of collaborators and technicians as national establishments. Increased protectionism and trade restrictions have increased the importance of ensuring equitable legal, fiscal, and civil treatment of foreign establishments. Many companies which formerly exported from their home centre have now set up manufacturing and distributing units within the political territory of their export markets, often representing a large capital outlay The International Chamber believes that it is not in the interests of trade development that such enterprises should be subject to any special handicaps. The standard agreement has been drawn up to meet the requirements of bilateral negotiations between States. 1 Attempts to get a large number of countries to enter into a multilateral convention on this subject have failed, i but it is considered that there is a greater prospect of widening the area of fair treatment by way of separate negotiations between pairs of countries. The International Chamber's committee on foreign establishments will also investigate and propose remedies for the special difficulties met with in this sphere by specific branches of business, such as banks, insurance companies, shipping companies, and air navigation companies. MARKETING EMPIRE TUNG NUTS The Bulletin of the Imperial Institute refers to an arrangement for the marketing of lung nuts which perhaps will be imitated for the sale of other classes of colonial produce. When experimenting with new crops planters in the colonies have often experienced difficulties in disposing of their small output as they have not the machinery on the spot to work the products up into a marketable form and their output was too small to be of interest to normal traders. In some of these instances co-operative marketing has been tried with success, but just as! often the difficulties have deterred planters from continuing experiments with essential oils and other colonial products which otherwise were promising enough. The Imperial Institute has already stepped in when information was required on the marketing of tropical and other produce, and now for tung nuts an arrangement has been made with a London firm which is willing to buy the total production from Empire sources in lots down to one ton at a c.i.f. price fixed in relation to the London spot price for tung oil. V/hen it is realised that tung Irn<?s have been planted in some 30 different parts of Ihe Empire the importance of this arrangement becomes clear, although, of course, the growers can dispose of their output, if it is large enough, on the open market. FRENCH AND FOREIGN EXCHANGE (UNITED PBESS ASSOCIATIOX— COPYEIGHT.) LONDON, December 28. United States and French exchange closed to-day at: Dollars 4.91J, francs 105 3-16 to £1 sterling. BRITISH WAR LOAN STOCK mamsn orricut. wibelr^s.) RUGBY, December 28. British War Loan Stock is quoted ot £lO5 7s 6d. /