FINANCE AND COMMERCE

Dominion, Volume 1, Issue 175, 18 April 1908, Page 8

FINANCE AND COMMERCE

i * THE SIIARE MARKET. . ' 'At the .Stock Exchange meeting o'lt- Thurs-. day, brokers were able to . report a. couple of sales.". New Zealand'.'and River 1 ! Plate shares changa! hands at 335., at which price, on the ■ basis of the last, dividend, they, yield' £i ss. ■ • per :cent.,. and Taranaki Petroleum shares sold' at 7s. 6d. j as there are still strong buyers for . these shares they - are : certain to. see. J further improvement in values. V Bank shares were quiet, with sellers of ißank of New. Zealands, at .£9 13s)/fid.; National. Banks,' buyers ,£5 55,, (id.,, sellers .£5 6s. Gd. Financial shares ' were quiet, except for the sale' of New Zealand and Rivor 'Plate shares already referred 'to. There • were sellers of Equitable Building at 'JBIO 2&- • 6d.,' and li>an and Mercantile, at ss. Id. Wel- ■- lington Trust and Loan shares were an demand at .£7 9s. Insurance:,'shares were as usual Nationals were on talo at 275. 9d. There were sellers ,of Wellington Gas shares at .£l9' 10s., • and • JS9 15s. for the respective ■ issues.. Meat shares, were in fair demand, and /..■ were quoted: Canterbury Frozen rMeat,'buyers JB7 195.,-sellers i£B 25.; Christchurch Meat, sel- , lers, £10 75.:>6d.; N Gear Meat, £1 .paid up, • bifyers i 9' 155., sellers ,£10; .£1 paid up, buyers .£2 9s. :Gd.,' sellers £2,105. 3d.' Manawatu Bails, ' buyers,: 465;-. 6<L; . Wellington Woollens; buyers . £3 2s.<6d.',■'■sellers' ; ,£3(65.; Taupiri Coal, sellers, ■ 205." 6d.; WVestport Coal; sellers. ■£7 : ls.';:Weet- ' port-Stockton, .buyers, 10s. ,Timber,^sellers, ,£2.35.; Mountain Rimu.Timber, buyers, 225. - M;; New Zealand Drugs,. sellers, '£2 : 125. ; .New; Zealand Paper' Mills, sellers, 235.v 3d. ; - Sharlarid's preference, sellers 21s.V Taranaki Petroleum, buyers 7s. 3d., sellers 95.; .Ward and Company Brewery shares, • buyers, •£i 15s.

_ THE MASKET (1 ( There was no .business m mining scrip, and values j were; without • change. The quotations : under;— . v . ' i- . - Buyers. -fallen; ■■■..' ■ ■ £s. tl.: £ s., d. : Talisman ... 210 : 3 '.. 2 12- 0 •>' Waihi■ ...' ... : ... 9 7 0 9 9 0 ■Tairua Broken Hills ... 0 3 i ; 0 3 8 ' N.Z. Crown -...,>.. 0 7-0 0 7 3 .Kuranui Caledonian,... — .j.-O 1/0. .-BigEiver ... ■-... 015 0 016 6- I , WHISKY PEOFITS. ' | Although. ihe Scotoh whisky .trade is suffering ' from dullnMs, it does not'prevent some of the . distilleries ■> from good. proSt"; : jl'he accounts of John: Dewar and: Sons;.-Ltd.,' -the , well-laiowh Perth distillers, give ample demon- •>\ stratibii- of this, i, Tho net revenue fori the year just closed'amounted to w5125,000, against; *.»-ili9,ooo:i'in'the previous year, orVan increase . 'of while the dividend on the ordinary - capital'was. raised froni 25 .per- cent.' , t0'271 ■; . per .'feat. The sum of .£SOOO is once more added' '■' to reserve, which now stands at .£120,000,' and' , the amount carried forward is increased by nearly JJiOOO to «£26,100.( ■; " .';,- . -' . "BRADFORD TRADE WITH AMERICA. The, slump : in America has affected' the, . , colonial wool trade, and it is only now that we are beginning to realise the meaning of this. 1 -. The. valuo of : BradfordV exports vo ■ America for February- totalled, JEIBI, being ,-. a decrease of! i!13G,899 as compared, with Feb-, •>■!»•/ ruary ofUast year; ' Cotton linings declined ■ j by, over. £37,000, stuff linings by over ,£13,000, raw wool by over .£55,000,'. and machinery by , over .£12,000. . The total decreaso for the lirst two months of this, year amounts ; to 120. . ;.j MUTUAL LIFE ASSOCIATION. 7 i;The ■ thiriy-ninth annual report' of the :,*- Mutual lafo is dealt with in the Sydney, papers, to.hand by.'the mail on |Wed- . nesdiiy fast.. Last year the Assocjation issued : SOIB policies for .£093,463,-! as compared; with 8231 "policies.for X74C,572 in I9OG. i The averftge ■. per policy iii 1907 was and, in. 1906 it'was i£23o. ; The: total, premium received , amounted i to' £2i6,356, being JE8056 more than; in 1906/ ' The consideration for annuities totalled i£2OOO, ns compared with X 6418 in, : the previous year;. I , interest- and,-rents brought .in - as "against ,£87,947/ the total r'eveiine for the year . being.; J6340,858,","as compared with 'in ;.' 190 S. The payments made to policy-holders, or their representatives, afford the following comparison / -i 1900. 1907.'. : - '£■• , Claims by death. ... , — 57,498 72,557 ■ .Endowment 1 assurances .' - matured ' ... 1 ..., ~.. 66,310 , ' 71,837 Endowments, matured ■_■. ... ' 6,546 ? : 6,899 : .. Cash/bonuses, . . ... 3,693 , 3,227' Surrenders ... ... 13,505 ' 11,268 .. Annuities:' i'- ...'• ' ... 8,700 ;::8,G15 ' The total payments, which include smaller items.' not ', enumerated above, amounted to ,£183,283, as against, i 164,198 :in 1906, and . in 1905. ' Tho expenses wore", less, and j for the past year totalled X 55,205, as compared v with i 57,469 in :190G.... The "ratio 'of >, expenses to v . ' premium income was 22.43 per cent.| as against •v. 24.11 per; cent, in the'previous year, and the ratio to total income was 16.23 per cent., against 17.27 per cent. The amount of funds, on December 31, 1906, was and on December 31;?-1907,, to £2,157,599,'50 that there ■ v was an increase of,. J501,616. The effective frato of .interest : earned on the invested funds dur- . ing the past year is given -as j£-t 9s.- 7d. per cent., or 3d: inoro than during the three preceding years.' : The assets, have increased, and , amounted at the close of tho yeaf to =22,185,851, ■as compared with - at the end-of ■ .'■ 1906. Loans on mortgage totalled ,£1,080,770, and show a very slight increase on tlie previous i year. Municipal- debentures total ' 'X' 265,902, as against 294; Government stocks ,£285,283, against. .£264,511; and loans on ■ ■■ policies. against .£179,665. 1 . AUSTRALASIAN GiDLD OUTPUT. The gold production .of the .Commonwealth and New Zealand during thej-firstquarter of the year totalled 871,856 ounces; or 46,874 ounces" 1 less than for the corresponding period of last year.; The figures for the first quartor of the current and two. previous years compare 'as under :— ' , " ■ 1906. 1907. . 1908.: ' Fine Oz. Fine Oz. Fine Oz. Victoria .;. - 209,399 162,661 '/'New South : Wales ; 77,336 ,72,481 ! 62,562 Queensland ... ... 115,248 109,458 - 93,145 Western Australia * 452,365 425,156 410,639 •South Australia ... 4,035. 4,687 : 3,600 •Tasmaaia ... ... 15,000 15,000 " Commonwealth ... 873,383 807,351 . 74-7,607 ' , Now Zealand ... 123,261 111,381 124,251 Total ... ... 996,614 918,732 871,856 /Approximate.

WELLINGTON SHARE LIST.

: . NOTES . , the, German 'East,'African-'Coioniea barbed ■Vire'has).been placeH on the free list. A new match factory m India uses surra •grass instead of-wood,to form the sterfis.. The supply is inexhaustible) and the cost insignificant., . A chaff-cutter cuts the stalks to the Teqiirid .length, ' 'v.'''' • It>has been-estimated that tho bogs of Ire l land: are'.in'; extent" (is great; as the.peat mosses of'the .whole German Empire, ana • that they are,on an average, three times as deep. A syndicate has been formed (the Central Ireland Power Syndicate) to convert tho peat into gas,'. and, the,,gas. into .electricity for commercial ) The ; head works will be at .Robertstown, aboutvtwenty miles .from Dublin, in the immense Bog of Align. . ' ; Sheep, farming in Japan has for the most part proved a failure. One sheep farm on the Elain at' the base of Mount: Miizen; '.in Shimprefecture, howevfer, has proved (juito; a success, having/steadily continued', to extend'in 'the':,past- decade, or-so.;„:At :first the number ■ of: sheep ;kept;.' there wis • under -100; at presentVthey: 'number';..,about/,.^"1000. The breeds of 'sheep.which done best ■there are-'Menno and The company owning the"farffl! lias 'purchased - better stock -and .lias .engaged, an. .'expert- this i.'yeafe-withfi the-, help of .the i Goverllmellt. i l "',.•^'; , ■^y;^;V^"• , ". ;•

. The'extent 'of- tliev Indian jute industry is explained;rbjf!an article:."in the " Economist." • At the present.- .time jthererare": 38 .jute 'mills, with a capital ~flf .nearly 'fiife and !: a half mil-' -lidn sterling, ': spindles and .22,000' looms. .Thus'its capital is nearly half that re, presented.,by tho. Indian , c.otton ; industry, but. the : cotton mills'are much sinaller—they'num-; her over 200. The jute factories, of Bengal use-every-year nearly ;three-qiiarters.,of a million- tons jute,''which is, iio't quite half the "Indian rproduce,'ln, fnct,: in 1906, the exportXof raw jute was valued at close Vupon eleven''iand'a 1 " half'millions sterling, while the manufactured jute (exported only amounted to about eight and a quarter millions.' The raw jute,-of course, goes principally to feed tlie mills of Dundee. , than three ' and a quarter millions-of acres are under, jute. Cotton occupied-about , thirteen'-millions.

' 'MINING.;'. ■ '. . (BI TBLEGEAPH.—SPECIii,. CCiEEESPOSDENTi} :| • ; ■ ; '. 'Auckt.a.vd, : April' 17. ' A'good.;dral ,bL attention 'is being attracted 'to the- old' Hauraki mine just: how., owing to the picked-stone and specimen' "dirt coming to ? hand; Seeing that in the early, 1 " days this property yielded some,-tons of rich - specimen ore speculators are • watching developments. with interest..' The latest report from tho mana-ger-states that'thymine generally-is looking brighter.. - No.; 2 _Cross 'Teef .in the stopes be.fween. the"; slide-and.. No. 7 reef averages 4in., and gives good general.pre and-a little picked .stone- atV each:. down, '~At: . the 300 feet, level : a :'roef : 'going- right .across the' face has just been njet with, which'is dipping east. J and looks:well;"..'Only a smalllportipn has so broke:!, ; do\vh.V: The average width where; inches. Gold has been ~seen-'in.i'-the: stone broken 'down from Lcgges's Reef north.at. the 220 ft. * r level'.- - I A company; has-been'iloated to work the old Tarnru property, knosin as'the;'Seven Beefs Claim, now. called? the: Dixon's Consolidated.- \T.l,ie, mine was 'formerly 'owned'at H'ome. ; It' ,"comprises '97 acres. : and adjoins the Pavaru Creek, The Watchmjiri,':Waitangi, and Alburnia.properties".! i The 'nominui capital of the-new company 'M '£5000 divided, into 100,000 shares of Is, each.'; Of , these .00,000 hive been 'fully subscribed, ,tbie balance' going to the vendors. The company will be ;registered by the secretary. There is a prospect of the Kuoatunu field,, which has,beon{dormant for some years past,, being brought under activo development again before . very long. ... Seeing .that from' 18S9' .to .'1906 this portion of the goldfields .yielded bullion to thh value of '.£160,708, any further development; on .a practical scale is necessarily of interest. -A : local , syndicate-is. at present takinn steps'to form ia eompahy' v td take over the .Kapai Vermont. property ' at . Kuoatunu. The proposal in connection mth : the mine i« to'sink to-a deeper level than' the, English owners, exploited oh" the'- same -reef , system. The Kapai-Vermont yielded between'lß93 and 1898 bullion of a, total value of ,£29.029. It was - afterwards : (in 1901. and .1902).; worked in conjunction with the'Mariposa mine adjoining (formerly the Try Fluke) by ,the: Kuoatiinu Syndicate, who obtained a further .£2356 worth 'of bullion'from' the" joint property.' Later again ■ (1897 to . 1903)' the. now Mariposa continued operations in the two :,claims,i-. 1 and obtained from them' nearly .£IO,OOO-' woKh of .'bullion. . There is also a. prefect, of the • Mariposa or Try Fhtke "claim .being 'worked again, though. nothing definite has. -,yet been done in this direction. This propertiy. has produced more, bullion-' than: any: other at Kuoa» 1 tunu. Its yield from 1890 to 1897 was JE58.672. The old Aorere claim, which was recently rochristened' the. Mountain- King,;, is now .being worked by a local company. . It: .yielded from 1893 to 1899 a total bullion value'-of. ,£IO2B. Recently, a'small parcel of pioked ■ stone from the ■ surface .level of 'the mine was treated on behalf of, the. late",owner, yielding bullion worth about .£l4O. . The manager of , the Mountain King, in his latest report, says >that in" the:crossout the,formation of the'-'reef has been met with. A heavy flow ,of- wator-' is coming from the reef. -'Until the pump clears the water he has all hands 'stripping the reef on the north side, towards where,-the rich gold was got in tho upper level.; Another well-' known property at Kuoatunu, -tho WaitaraJ which has yielded over ,£25,000 worth of bullion, has been purchased by aiocal, syndicato,\ who intend resuming active operations very shortly. A claim situated between Kuoatunu and Opitonui is also about to be taken up and worked. ■ ' , . ■ ' ? LIVR STOCK SALES. 1 Dalgety and Co., Ltd., report that at their Palmerston 'sale on Thursday, a very good yarding of both sheep, and cattle-came forward. The demand' was, not keen, all classes of backward stock being, neglected. Cull lambs made,2s. 6d.Miiixed-ago ewes, 6s. 2d.; medium: lambs,.6s.| 5d.;. oighteonrmonth steers, small, 335.; weanef hoifers, Bs. .6d.';. baebvard cows, 215.; bulls, -£2 - 10s. to 12s. ;■ springing, £2 65.;. heifers, £2 15s.'; fat and, forward cows, £2 Is. •■ '. ,

: Mr. Nevrtori King . sisnds tho following weekly auction report Bahotß,

on Tuesday there was a good yarding, nnd most lines were quitted at current rates. Calves mado 10s. fid. to 18s. Gd., 18 months heifers, 28s. Cd.; 2 year heifers forward in calf, ,£3; store coivs, 1 375.' to 50a.; old cows, 205.; forward cows, £3 18s.; springing cows, JE3; bulls, £1 Gs. to .£3 3s. At Stony, River on Wednesday small calves made 6s Cd. .to Bs. ;■ good do., 96. (id. to 20s. Cd. j'good 18 months steers, 445. 6d.; 2 year heifers, £2 lis.; store cows, 225. to 405.; forward do., .£.l 3s. j fat do., ,£4 ss. to «£S; bulls. <68. to £2 45.; weaner pigs, 'is. 6d.; .small stores, 10s. (id. ■: THE TALLOW MARKET. ' . or TELEonArri—piiEsa association—copyhioht. London, April 15. At the tallow sales 1350 casks were offered and 750 sold. Prices were unchanged. LONDON MEAT MARKET. „ (BY TEI.EGGAPH—rRESg ASSOCIATION.) Napier, April 16. The Colonial Consignment anil Distributing Company, London, cables"The value of lamb' and of hindquarters of beef has declined by one-eighth. 1 To-day's quotations:— Canterbury mutton, 4jd.; Napier, WeLliiigton, nnd North Island, 3jd. Lamb—First quality. second, 5Jd. / Beef—liinds, 3jd.j- fores, • ■ BANK OF ENGLAND RETURNS. SI TELEQRAI'H—FRKSS ASSOCIATION—COriEIOHI. ' . - (Rec. April 18,-1.10 a.m.). "> ' London, April The open market discount rate fot best three months' bills is 3s. 9d; higher at ■£2 13s. od. per ceut. The, Bank of England discount rate is 3 per cent.,, to which it was reduced on March 19.. , Consols are ss. lower at JBB7 2s. 6d. . New South Wales. 4 per cents, are ss. lower at ,£lO9 15s. ":West Australian 3J per cents, are 10s. higher at.£9B. - PRODUCE, MARKETS. . Wheat.—The- markots are dull and disSiritcd, although v Argentine shipments have een- appreciably' reduced. Prices aro fairly steady. South Australian, off coast, is held for 355. Gd., early February 355. 9d. The American visible supply of wheat is 50,098,000 bushels..'. V K•. Flour.—The" market .is flat Australian is neglected, and there is no business. , Copra.—The market is dull. South . Sea is .nominally' .£15.105. Butter.—There ,is a good.'demand. fo.r< butter. Danish; is .hardening. i. .. . .' Cheese—The market is; steady., New Zealand 61s. to 625. 'Canadian is nominally '635. to 655. . ■■■ ■ Silver, 5-16(1. ; \' v \ Sugar.TrGerman beet;, lis: 9d.; 'first' marks, 13s. 3d.V v ''v::'." .prices of .'Bradford <wool ' are vsf 'altered.lt -is. ,a-, holiday, markofc : «Hey ;£ T ' V PRICES OF METALS. ' Copper.T-On the. spot, .£SB 12s. '6d.; three months, v£s9 2s. ,6d. per ton. *.-> • Tin.—On tho spot, .£142 55.; three months; £U3-. per ton. • . i ... Lead,, iil3 125..(6 d. per ton. , ■.; .; Iron; i 525. : . per .ton.■ Shares;—Waihi Grand' Junction, buyers 335. Bd., sellers 365. 2d.

■ Reserve : . T . ... • . COMPAQ « p g-j; • . rniowq - ; . 3 . M ,.; : Ti t 'o M V Forward £ a >-lfl Buyer. Ecller. • Investor. ' •'-•••. Tbanks. $ £ 4 ■ «'• / e. a. '/ h. a. ' £ t. a. s ». a. • few Zealand • . - • SS'SIi SI Si 1 ' lo 0120 - 013' 6 ' -.012 .0 . • 3 9,5 ;.lmtional ' - ' - S75.000 - k ' .,£4 Ij .12 • t>5 6 . ,.5.-6 6 .(:f) .613 5 :■ INSURANCE. . : • Kational v -■ .. 100.003 .? tmltd.': "Mi. l'l ,0' ."r-JS ...... ITS V Kew Zealand ■ . SOO.OO!) ® - 6 io 315 0 317 -0 " -South British' i • 100,000 ' .'Jj'X? . '} 41"'- ]Q 216 0 . ; -217 6 : 'Standard . . ; 76,000 ci.386 j 'tinltd. .10 ' ' v .. ; . ,l.,2 0feusciai,. • — • v ." '•. J" £<iuitableBuildinS -60,030 '6 ' .8 " 1Q • : 10'2 6 10 0 0 f r r Metropolitan Building •'49,561 " '10 nil . . 7 - ' ' '-' ' :• > Wellington Invest. - . 60,003 , ,®'™ . .• i .4-.. f, '0.12 3- Oil 6 , p 4 4 • , .WcrgtonTnist&Loan -101,250 ' " 5 . 5 B , 7 0 0 ,';'710 6 7,0 0 , f 7 6 7:1 National Mortgage 1 - . £00,000 .5 8- 30 " 3 0 0 '3 2 0, ..f.O.'O •• els'! ;K.Z.an'd Hirer Plato > 300,000., ' SI nil . r. 7 . 112 0 ' 1-32 6 . 1 13 0 -4 6 0 ; ' Loan and Mercantile - 135.221 :. aI5,lda [ y 5. ,0'5.1' . l.S 1 l 5 0 10 0 0 'Auckland - . 18>,370 v ?3,353 6 nil. 16,. - \ Christchurch . . 152,030. 6 nil- 10 ■ ■ ■■ =10-2 6 -10 0,0 .,5 0 0, . .Keilding' . . , 12,000 ,.}'*• 1" nil' ,. 016 0 ' ' . ' .Ulsborno - , . . ■ 17 r S0J • I0 '5» .1 , nil 13' ". 2 0 0 '212 0 £10 0 610 0 Hawera ... 8,253 i ■'■/i ' 10 " , . 16,000 B.i53 5 nil ' 10. ,', .Xapier - - , - .. • ) 10 bU 15, > ... 19,937f , ES ' 153 • !■ 6- S ■■ 15 , • ,' North S7.000 ' 14. '4 .10 • .'.Wdlingtoa. - - " ' '*• / 10 .oil 10 1910 0 -1911 6' 6 2 2 121 ' 570 ,\ ,• . 5 <7, " 10' 915 0 ; ' • • ; SIEAT.,1 . • •' ■ V : ' ranterbury- 3(3.m' : 74 , 2i ' B 7 19 0 8 2 0 ,V ; v thriskhureh " »•' 10 6 0 10- 7 6 .10.7,0 . 7 U T :: tear • '• ■ 1:. • :■ - " M ■ nu.' . 1 lui -2 0 6 , S10 3 'S 8 0 . , 6 1 0 .. .. ., - fe,uw J i 6,; i2j 0 is 0 10. 0 o 1 -WellingtonMeat'Em ■-•M... .'b. -nil. 8' > ■ 612 6 " '■-•i. „ 105,765 f' . f3.767. ' j ' I 8 . 6'2 0 t'B 0 f 6 6 • ' ) .. ; IS • ,2i • 8 . 8 6 3 ISO (93 Wtncanni „ ' <5350, U' 401 ; , t no. b • TRANSPORT.- . 'V -■ : ,r V : -V.&M.RaUiva/ • 170,013 JS'l?? : 1 i 7 2 '6 6' 310 0 S 7 0, B0C , ,, >».Z.Shippinj - '• 473,S1J 8 nil. . .'6 . 611.0 .7 ;'; , ,, l;monsteam. - • EOO.OSJ. , 1 nil. _7j 113 9 <134 6 ; rr Vctn.SteamFer:y..' • 46,253 ' ' w 1 n.1. ■ .6-' , - •; . ■i|":• -r ? ,-OOAIi. : ! ' • •' ; V ' ■' \ 1 ■ ,; . Wertport EO.OO), H7.M S V 11 -135 fi 1!) 0 1 1 0 T O 0, 6 6 0' laupiri - - . • U.50J ■ ... b ' it} . ■'.! UJ. '1} '1 O S' "10 6 .1 0.'3 7 8 0 . • WOOLTjKX. /'' ' • -, ; I'aiapoi- - - - 100.033 c oil.-.: 6 ■ ,luOEgiei- - > . I..; . fc3,15I - _ 65 li .. 4 :0.0- 3.'3 6 .'3;:i-0' • 412 0 Wellington - - , U/.OiXJ '. . "••' 03 , i : 6 '3 2 6 • ,8-6 0 - S O 0: 8 0 0 • 'MISCELLANEOUS. / ' ■ • -v l' ' ' J • "-, -I'OnaghyKopa: 47,003 - -' —. 6 .nil *_ 6 0 0 6 5 0 6 S' 6 ' ; : ' _> Xeyland&O'Brioa . E5.03J. > 7 ' 7 " 1 1 -...nil-,, f 15>' ' -2 3i 6 --2'3 0 - " : 't 3' 9 6 17 2 ..•>' > ktaieeviltoXiiiiu 5.0JJ . 1 -.na.- ,.'4- - .... ■ '. v Ar JCaadlo - - • . . 10,031 lu . ui!. .. • - ;; ' ' ... J ./.Drugs' - . * ftO.OiX) .mi; , .1 211 0 .4120 'if.110 6 SO 1-f. Paper Mills 64,755 Jl'f X ua .. 7 : -yr 6 VI 3 3 : J.,3'3,: I Of . • •; 40.00J . .?■!*, -',1' ' uJ . '.',"112-9' " 113 .61 ' l. anning <t Os. " 96,003 * . .4- .1 10. ... ' ..., s 16 6 l 1 '•-.V'."' •' , iV.ai-d&Co.tO.OU) U'.toJ/ ' /i 1 ID; 415 0 ""417 6 . 415,'0' 8'8'S - J, , Vctn. Opera Hoilsi 1 .:-' v 18.63J . • i mU Hi . 0 0 a . ; .'Vgin/FreBhFood t8,i61 -.; . ;i ' nil — . . . ■■■:•;. 1 ■ whitcomlieiiTombs' • 46,iS3 . £0,lal i ail 10 ■ ■ " 0 biiariana. ljimHej. ; ; 4t,i,W' S.Jll . v-i" ■ au , ', v .'019/6 .'1 J 0. ti8 9' I 0 0