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Press, Volume CI, Issue 29776, 20 March 1962, Page 19

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Lamb Prices Raised

Export schedule prices for lamb were increased yesterday. The increases on woolly lambs range from id per lb tor prime lambs under 281 b to Id per lb for lambs over 361 b. The deficiency payment has been reduced from Ud per lb to Jd per lb on all grades. The combined effect of these changes is to reduce the premium paid for lightweight lambs. Prime woolly lambs actually return the producer Jd per lb less than in the previous schedule, effective since January 29; 29-361 b lambs are unchanged and heavier lambs are id up. For second quality woolly lambs and for prime shorn under 281 b lambs the gross return is down Jd and for second quality shorn lambs under 281 b the gross return is down id. The latest schedule prices are as follows: WooUy Lambs d per lb Var’n Prime- dperlb 20-281 b ~ Hi 4-J 29-361 b .. H +5 37-421 b .. 121 II 43-501 b .. 101 +1 51-561 b .. 9| Il Second quality—--20-281b .. 13J +1 29.361 b .. 13 +f Over 361 b .. UJ +1 Shorn Lamb* Prime—--20-281b .. 121 +1 29-361 b .. 11l +i 37-421 b .. 101 +» 43-501 b .. 81 +1 51-561 b ..71 +| Second quality—--2- .. 11 n.c. 21- ..101 +i Over 361 b ..94 +J The deficiency payment of )d per lb is additional to each of the prices quoted above. Wool adjustments ranged from deductions of 3d for each l-81b up to 41b wool pull to 4Jd for each l-81b from 2 l-81b to 211 b

1.C.1. Holding In Courtaulds

(N.Z.P.A.-Rtuter —Copyright) LONDON, Mar. 17.

Imperial Chemical Industries will retain the 38.5 per cent, of Courtauld’i voting shares acquired during the recent unsuccessful takeover bid.

The chairman ot 1.C.1. (Mr Paul Chambers) told a noisy emergency shareholder*' meeting this yesterday. The block of ordinary stock, he said, would be by far the largest single holding in Courtaulds.