FAT LAMBS FROM NEW ZEALAND

Press, Volume LXXXV, Issue 25796, 6 May 1949, Page 10

FAT LAMBS FROM NEW ZEALAND

HIGH PRAISE FROM BRITISH JUDGES (Special Correspondent N.Z.P.A.) LONDON. May 4. High praise for the quality of New Zealand lamb came from the judges, Messrs G. F. Way and F. H. Dennison, who were appointed by the British Imported Meat Trade Association, to judge the North and South Island district lamb competition at Smithfield. Mr Way said he had been associated with the competition fbr 20 years, and had watched New Zealand lamb exports closely, both in normal times and during the stress of the war years. “The quality did not fall off during the war.” said Mr Way. “It has never slackened and to-day it is just as wonderful.” The Minister of Food (Mr John Strachey), who inspected the 462 carcases entered in the competition, said afterwards that New Zealand maintained such consistently high quality in its exported lamb that many British butchers preferred it to English lamb. “New Zealand’s present long-term contract with this country provides New Zealand farmers with an assured market for their meat, not only for the present period, but for as long as I or anyone else can foresee,” said Mr Strachey. "We will be glad of all the meat New Zealand can send us.” It was pointed out during the display that there had been an increase of llilb in the average weight of each New Zealand lamb carcase exported during the last 12 months, which meant a total increase of 9000 tons in the quantity sent to Britain. The challenge shield for the South Island was awarded to Southland, and that for the North Island went to Waikato. SHAREMARKET INDICES

PUBLIC TRUST BUSINESS Estates valued at £7,894,636 were accepted for administration by the Public Trust Office during the year. A total of 7884 new wills appointing the Public Trustee executor was prepared, and a further 6584 wills were revised to provide for changes desired by testators during the last 12 months. The total number of wills now held on behalf of living persons exceeds 144,000. Approximately £1,000,000 was advanced on mortgage on the security of farms, business premises, and residences. McKenzies Buy Invercargill Building.— At a cost of £19,250, McKenzies Department Stores. Ltd., has purchased the Tay street building in which the Invercargill branch has been conducted since 1932. The vendor was Mr A. L. B. Nairn. The company intends to modernise the building when conditions permit.—(P.A.)

London.—“Financial Times” (1926 equals 100) :-r-’ Ind. ord. Govt. Gold. October 29 .. 119.1 112.98 101.44 November 30 .. 121.5 113.79 98.97 December 30 .. 121.2 113.66 95.91 January 31 .. 122.5 113.89 89.87 February 28 .. 118.6 113.92 90.70 March 31 .. 114.6 113.74 103.89 April 29 .. 115.4 113.97 103.35 May 2 .. 115.7 114.02 103.09 May 3 116.0 114.00 102.74 May 4 : . 115.7 113.92 102.21 New Tork.—Dow Jones 1926 equals 100) Rails. Indus. Sold. October 30 . 61.34 188.62 350,000 November 30 . *51.91 171.20 1,250,000 December 31 . 52.85 177.30 1,550,000 January 31 . 52.57 179.12 610,000 February 28 . 47.71 173.06 740,000 March 31 . 49.02 177.10 980,000 Anril 30 . 47.27 174.16 310,000 May 2 . 47.13 174.53 740,000 May 3 •. 47.10 175.00 830,000 May 4 . 47.72 176.63 1,180,000