EXPORT LAMB SCHEDULE

Press, Volume XCIX, Issue 29401, 31 December 1960, Page 16

EXPORT LAMB SCHEDULE

Drop Of Jd A drop of a Jd per lb for all grades and weights of lambs will come into effect on Monday. This means that rates are now 2d per 10 lower than when the season opened in October. ... , , Prices which will operate from Monday as delivered to nearest Marlborough, Canterbury, Otago or Southland works are:— Prime— d per lb 20 to 281 b .. •• }9i 29 to 361 b .. •• }» 37 to 421 b .. •• 43 to 501 b .. •• “A 51 to 561 b .. •• U 4 Second Quality—--20 to 281 b .. •• I® 29 to 361 b .. •• 17 Over 361 b •• ..15

OIL ENTERPRISE IN PAPUA Talks To Be Held In London Directors of Oil Search, Ltd., are to discuss future plans for the Papuan oil enterprise with partners in London on January 10 and 11. The two other companies concerned are British Petroleum and Vacuum Oil Company. The chairman of Oil Search (Mr G. B. Kater) told the November annual meeting that there was no announced forward programme after the current lehi drilling. Latest report from lehi, issued on December 23, states that a drill stem test of a sandstone below 4708 feet yielded a gas flow at the rate of 31m cubic feet a day. No condensate was produced with the gas. Drill stem tests of sandstones below 5240 feet and 5350 feet recovered water with some solution gas. Further testing of sandstone at 4708 feet will proceed. A. L. Vincent Ind. Profit Drops A. L. Vincent Industries, Ltd., Sydney engineers, will maintain dividend at 4 per cent for the year ended June 30, in spite of a 74.8 per cent, fall in net profit Profit for the year dropped by £15,883 to £5395, compared with a £797 rise in the previous year. It is after tax £2098 (down £8669) and depreciation £11,027 (up £278). Earning rate on capital moves down from 10.6 to 2.6 per cent A wider range of products and maintenance of satisfactory budget figures for the first five months of the current year confirm prospects for improvement directors’ annual report says. The better prospects warranted maintaining the dividend, the report states. • Andersons’ Seeds Prospects Good Given reasonable seasonal conditions and no further disturbances in the economy, prospects of Anderson’s Seeds, Ltd., N.S.W. seedsmen and nurserymen, for the current year should be most favourable, the' chairman (Mr F. W. Radford) said at the annual meeting. Directors would consider resuming payment of interim dividends when condition of the company warranted it. As already reported, dividend for the -year ended September 30—raised from 5 to 6 per cent.— was paid as a final. LONDON METALS MARKET (N.Z. Press Association—Copyright i • . LONDON, Dec. 28. Latest London metal prices are: Buyers Sellers a ton a ton £ s. d. £ s. d. CopperSpot .. 227 5 0 227 10 0 TinSpot .. 786 10 0 787 0 0 LeadSpot .. 61 15 0 62 0 0 Zinc— Spot .. 76 10 0 76 15 0 1 Cox Finance Corporation, LtdInterest for the quarter ending January 31, 1961, will be paid on that date to debenture stockholders on the register at 9 a.m„ January 16, 1961.—(PA.) Sugar Price.— United Sugar Terminal Association’s raw sugar price is £27 a ton for the January - February shipment—