NEW SOURCE OF CHILLED BEEF

Press, Volume XCI, Issue 27643, 27 April 1955, Page 16

NEW SOURCE OF CHILLED BEEF

POSSIBILITIES IN RHODESIA (N.Z. Press Association—Copyright) LONDON, April 26. . Rhodesia might become a new source of chilled beef supplies for Britain, if experiments there proved successful, states the “Daily Telegraph’s agricultural correspondent. He says, that the aim of the movers in the scheme, who are headed by Viscount Hudson, war-time Minister of Agriculture, who began ranching in Southern Rhodesia in the post-war years, is to provide chilled beef during the winter months when British home-killed supplies are scarce. Viscount Hudson is concentrating on producing animals which mature much, earlier than the four, five and even six year required in the Dominions. Steers: bred from native Afrikaners, crossed with; British beef breeds, can mature much! earlier when their feed is supplemented during the winter, a practice not normally adopted by ranchers. Beasts killed at two years nine montbs have provided first quality beef, Viscount Hudson stated. An expert from Smithfield has been invited to go to Rhodesia in September to advise on the killing and and proper type and size of beast. If his report showed the scheme - could ® n experimental shipment of chiHed beef to Britain would be made The . likely port for shipS SS* 5SS ly be Eeira ' in Portu - OVERSEAS EXCHANGE RATES

LONDON METAL MARKETS (N.Z. Press Association—Copyright) LONDON, April 25. London metal quotations are as follows:

COMPANY NEWS Greer recommendation is 6 per cent., plus a bonus of 14 per cent., ex April 29.—(P.A.) Westco Products* Loss.—Suffering "an extremely serious set-back, brought about by a series of most regrettable circumstances,” Westco Products, Ltd., electrical engineers and merchants, incurred a net loss of £42,984 for the year to September 30 last. This replaced a net profit of £3005 for the previous year. Depreciation provision was £3Ol higher at £5492. No provision has been made for payment of a dividend. Net trading loss was £36,742. Net trading margin the previous year was £9251. The sum of £2845, comprising overseas development account, has oeen written off. A floating balance of £2560 has been converted to a deficit of £43.265.—(P.A.)

Latest telegraphic transfer rates as adS'VFon?™?"* °* New South w **“ London— Buying. Selling. N.Z. to £100 stg. .. New York— 100/7/8 101 Doi. to £1 N.Z. .. Montreal— 2.7932 2.7616 Doi. to £1 N.Z. .. Australia— 2.7932 2.7616 £A to £100 N.Z. 124/10/9 124 £F to £100 N.Z. .. Western Samoa— 111/11/9 110/4/3 £S to £100 N.Z. .. South Africa— — 100 £N.Z. to £100 S.A. Belgium— 99/14/0 101/5/6 Francs to £1 N.Z. Denmark— 141.89 137.40 Kroner to £1 N.Z. 19.64 18.97 France (Metropolitan) Francs to £1 N.Z. 991 963 Holland— Kroner to £1 N.Z. Norway— 10.73 10.47 Kroner to £1 NJZ. Sweden — 20.24 19.58 Kroner to £1 N.Z. Switzerland— 14.64 14.27 Francs to £1 N.Z. Ceylon— 12.29 12.05 N.Z. pence to rup. Hong Kong— 17 29-32 181 N.Z. pence to dot India— 14 45-64 15 21-64 pence to rup. 17 29-32 18 11-32 N.Z. pence to nip. Singapore— 25] 26 25-64 N.Z. pence to dol. 27 27-32 28 47-64 PesoFto £1 N.Z. .. 5.48 Paoeete and Noumea— Francs to £1 N.Z. Western Germany— 171.82 Marks to £1 N.Z. 11.79 11.55

Buyer. Seller. Tin— £ a. d. £ s. d. Spot .. .. 715 0 0 715 10 0 Forward .. 716 0 0 717 0 0 Lead— Spot .. .. 104 2 6 104 5 0 Forward .. 104 0 0 104 5 0 Zinc— Spot .. .. 88 15 0 89 0 0 Forward .. 87 10 0 87 15 0 Copper— Spot .. 316 10 0 317 10 0 Forward .. 307 0 0 307 10 0 Gold: £12 10s 7y a d an ounce. Tungsten rose from £234 to £238 a unit.