PERISHABLE CARGOES AT AUCKLAND

Press, Volume LXXXIV, Issue 25553, 22 July 1948, Page 6

PERISHABLE CARGOES AT AUCKLAND

PRIORITY FOR POTATOES (From Our Parliamentary Reporter.) WELLINGTON, July 21. "The Waterfront Industry Commission has given priority at the port of Auckland for the discharging of potatoes and other perishable cargoes, and will continue to give priority of labour for the discharge of potatoes loaded for shipment up to June 30.” said the Minister of Labour, Mr A. McLagan, in the House of Representatives to-day. The commission recommended to the Union Steam Ship Company that until the Mountpark dispute was settled that June 30 should be the final date on which the company should accept potato cargoes for epnsignment to Auckland, said Mr McLagan. The Minister was answering a question from Mr P. C. Kidd (Opposition, Waimate), who had said that, because of the waterfront dispute Canterbury growers had been placed in an awkward position through merchants cancelling orders. COMPANY NEWS HiH and Plummer.—The shareholders of Hill and Plummer, Ltd., passed unanimously in extraordinary meeting a resolution which gave authority to their directors to settle all terms and conditions relating to the formation of the company to take over as a going concern the trading operations of Hill and Plummer. Lta. The existing Hill and Plummer Company, Ltd., will hold a 50 per cent, interest in the proposed new company, and the other 50 per cent, interest will be held by Pinchin. Johnson and Company (N.Z.), Ltd., manufacturers of paints. varnishes, enamels, and allied products. Pinchin, Johnson and Company (N.Z.), Ltd„ are proprietors of Taubmans Products, Ltd., and these two New Zealand companies are closely, linked with world-wide manufacturing interests, the English group being Pinchin, Johnson and Associates, Ltd., and the Australian group, Taubmans, Ltd., and associated companies throughout the Commonwealth.—(P.S.S.). RESERVE BANK RETURN The Reserve Bank return for the week ended July 14 Is as under, the figures tor the previous week being given in parenthesis:— Liabilities.—General reserve fund. £1,500,000 (same); bank nottes, £47,978,799 (£48,021,371); demand liabilities: State, £12,643,559 (£12,306,198); banks, £60,282,498 (£61,476,283); other, £264,098 (£483,560); liabilities in currencies other than New Zealand currency, £12,870 (£15,001); other liabilities. £3,343,304 (£3,323,543). Total liabilities, £(N.Z.) 126,025,109 (£127,125,956). Assets.—Gold, £2,802,147 (same); sterling exchange (N.Z. currency), £80,009,646 (£80,402,130); subsidiary coin, £108,053 (£111,111); advances to State marketing organisations. £108,551 (£824,806); for other purposes, £31,000,000 (same); other, £3,368,835 (£3.317.538); investments, £7,868,093 (same); other assets, £759,784 (£800.131). Total assets. £(N.Z.)126.025,109 (£127,125.956). Proportion reserve to notes and other demand liabilities. 68.333 per cent. (68.027 per cent.). OTHER EXCHANGES SYDNEY Though price movements were again downward on the Sydney Stock Exchange yesterday brokers say they could detect a better sentiment, after the recovery of the New York market. No considerable parcels of shares were offered for sale. Small falls were recorded over a fairly wide range of miscellaneous and industrial stocks. Sales.—Bank of Australasia. £ll 7s; Commercial Bank of Sydney, £24 6s; Tooheys, 38s 4Jd; Tooths, 77s 6d; Associated News., 18s IJd, and pref., 225; British Tobacco, 50s 3d; Broken Hili Prop., 58s; Morts Dock, 30s 9d; Woolworths, 23s 3d; Colonial Sugar, £5B 15s; Drug Houses, 39s 6d; Hadfields, 14s; Howard Smith, 25s 3d: Kandos, 44s 6d; Mount l Lyell, 30s IJd; Mount Isa, 40s 6d; Broken Hill North, 94s 3d; Broken Hill South, 49s 6d; Broken Hill, New, 49s 9d; Oil Search, 6s. 4d; Placer Development, £ll 10s. MELBOURNE Sales.—National Bank, 12s 6d paid, 20s 10di Carlton Brewery, 76s 6d; Swan, 435; A.C.1., 655; Dunlop, 45s 6d; 1.C.1., Aust.N.Z., pref., 25s 6d; N.Z. Forest. 6s, and pref. 12s 4d; Broken Hill Pty., 58s 6d; Mt. Isa, 41s; Emperor, 16s 6d; Mt. Morgan, 10s.