FINANCE AND COMMERCE

Dominion, Volume 1, Issue 186, 1 May 1908, Page 10

FINANCE AND COMMERCE

THE SHARE MARKET - ' Yesterday another couple of sales were: registered on thq Stock Exchange, .Westport Coal 'r shares • changing: hands '.i aty £6 19s. 9d., and . Donaghy Rope and Twine at 5 £6 Is.,' both shares U , eihibiting a' slight; decline ron; ; previous- sales, i In' other ; respects , tha.. inarkot was without .:• \vamtion,-' except that Taranaki Petroleum ?it shares' were again yeryj.firm. quotations were: National Bank, buyers;'jEs. sellers t- '£5 Gs! 6d.';. Equitable Building, sellers £10 25.; . "Wellington Investment, sellers 12s. 3d.;' Loan , - and Mercantile, sellers, ,ss;;- Wellington ' Gas,

. BeliefsdSl9 10s. and £9; 15s. .for; the... respective issues.•:'■ ; Meat shares .were firm, Gears being ."■■■ . wanted at ±9 las. and 495. (Gd. for the rcspective issues. . Canterbury, Frozen .Meat , sharis. ; .v- , were: on . sale at' £8," iand. Wellington. Meat Ex- ■ port, third issue, at.Cos.-. Manawntu Rails were ill firm" demand; at ;47s;,7;sellers;.; holding .jfor, • •.495.; Wellington Woollen shares were■ steady with, buyers'at>£3 ls.-,6d.' i There'wore'sellers of, 7 Taupiri Coal shares-;at-;2os. Gd. -cum dividend;v . and -Westport Coal .shares.; at :;£7;-; /.Leylaiidi'i'.jO'Brien Timber"shares,- .sellers' 435. ; .New Zed- 1 : land. Portland Cement; buyers. 315., sellers ,315.. ■ 6d.; New Zealand, Paper Mills, buyers 225. 6d., ,i Resellers'". 23 s.-i Petroleum;.rb'uyers'. 8s;. ; : i-6d., sollers;9s. 6(1.; ~The quotations for Taranaki ;Oil' shares "'appear to. be .:nominal,' 'for .we know ■ ihat: 1 the shares were not procurable yesterday at 9s. 6d. . •. 1 v ■ The past month has not been a good one foi ■ brokers. The business'has been of a scrappy character, and was|restricted in its range/ A fair . amount of improvement has been shown : in the last few days, but whether . • • tmue is quite another matter. The" cotffi'o "of Bales during April was as under:— < . ■ V: National Bank, £5 55.'"9d."/v.;"'/ New Zealand and River Plate,' £1 13s. ; ■National Mortgaie, £3. ■■ Christchurch Meat, £10.75. : : .Gear Meat, £Ipaid-up, £2 10s., £2 10s. .' .. Manawatu. Rails, £2 75., Wellington W 7 oollon, ■ .£3. . . / Westport Coal, £7, £6 19s. 9d. .' Taupiri Coal, 20s. 3d. , : .i^.... ' ■ '%V' < V7estport^tocktoii > /,V Donaghy Rope and Twine, £0 2s. 6d., £6 Is. Ward and Co. (Brewery), £i ,155., .£4 los. Sharland and Co. (preference)/205. : . - Taranaki Petroleum, 'ss. 9d., 7s.' Gd., Bs. 71d. V THIj MINING M VRKET 1." In this market-.:yesterday,. there' were • sales of Talismans and, Waihis, both showing. ad- ; • ■ vancing tendencies.* Other, stocks were quiet." Buyers have advanced their bids for Big Rivers to 205.; but sellers want 21s. 6d. The quota-' tions yesterday- wore ;as under:— .... . v Buyers. Sellers.'-Sales. • , £'S.d. £ s. d. £ s. d. .vv-Bi? River . .1 0 0 1- 1G Karanui Caledonian > — 0 1 0 — Tairua Brokon Hills 0 3 6 0 3 10 v . — ; • Talisman 2 10 G 2 11 0 2 10 9 ' 2 11 0 Waihi . 9 10 0 9 11 0 9 10 3 9 10 G ;'' The course of; sales. during : the past■■ month .was as. under:— ' Waihi, £9 75.:6d.,'£9 Bs., £9 .Bs., £9'.Bs. 6d., . • '£9 Ss., JS» 10s., £9 10s., £9 10s. Gd., £9 10si 3d., .•£9 10s 6d Talisman, £2 13s. 3d., £2 13s. 3d., £2 13s- iGd.: <22 13s. 3d., £2 13s. 4id., 13s. 4M., £2135.Gd., . .< £2 13s. 3d., £2 13s.' 3d., "i£2 13s. 3d., 12s.' Gdl; . £2 lis. 3d., £2 lis., £2 10s.'. 9d.' '.£2--lls. " ; Waihi Grand Junction, 355.,' 365;,' 365. 9d„ S6s. 9d. ' 1..: ; Big. River, 18s!, lGs. Gd., 19s. Gd., 19s. 6d. r Kuranni-Caledoniahj . ; , . , Waihi-Extended, ;3s!; Bd. : , 35.. . Waihi Consolidated,-Is. 9d.,.15. 9d. ; : WINCOTT, COOPER, AND CO. . ' . '.V, ■ The bankruptcy of this firm' has more, interest for Australia than for New Zealand.'. The first meeting, of creditors of: this company bras :held in London on-February 20. The debtors traded as colonial merchants, shipowners, etc., .with branches in Sydney and New York, and ; ' acted as, managers of, the- Australian 1 Mutual, /• Shipping .Company , and -the Anglo-Argentine ' . Shipping Company. The Australian assets, it •: was explained at the meeting, consisted of'cus- ; tomers' bills under discount to the amonnt of ■.•'• and held by Australia and New Zear viand banks, for collection. .In 1905; the debtors • .took; oyer the;:business of Messrs. Matthews, :-Wrighton," and Co., of London, "Australia and v New York, colonial merchants and insurance brokers. . That business and , the' Anglo-Argen.-, < .tine Shipping Company involved them in ; hea:vy .. ' losses. The-failure,of the firm was attributet? to depreciation in the value of .the shares"of - the two shipping companies in which it was so' j largely interested.i,-r\;iv : '''•' V: CLEARING UP THE COINAGE " According'to the ■ Sydney Morning Herald" , the Bank of: ; New South Wales has been-ap-r pointed by- the ißoyal Mint 'authorities:as. an .. .intermediary-- asj,between , tliat- institution and 1 - the dther' banks. in the: matter *61 withdrawing- : 1 ight-weightC'anil. debased gold, coins 'from' cir°" v. ; culation:■ .The -Mint is prepared 'to take such " : gold ; to the;.yalue ■ its current ■■.:; financial •yeih-.which'»co!ri ! m'enc6s'thib., month: The Bank/ of iNew.',South . Wales! will, take any coins whicluare -ordoubtful'chaVacter. from. tho banks,.-and pass th'ein on to' the Mint." The\stahdard';weignt of a sovereign is 123.274 , ; Braias; :tlie.'least:.Mint: weight; that. is,, the": lowest. : weightat '-.-iwhich \.the , Mint., .will .'issue a i sovereign, ./jiS'j; 123.074;' grains; and' the vtliat is, the lowest .Weight' 1 at■■.,whicli--a*so.vereign•;is .legal : . tender . is'd22:soo';'graihs.ys.l^isVmeans: ! that'':thV' ' standard .'weight' of.: 1000reroipfs;is' ; 2$&822oz.',the least: Jfint ■ weight 256.40-lbz;, and the low- -: est current 255.2030z.' -There, is thus a ■ difference of' .4200z.', ,or, .say, :>Cl'yl2s.; between : the. standard and the.- least - ,Mint- 'weight - of .. 1000 sovereigns, while there is a difference of, 1 l-50z., oV say, ■£•! lGs., between' the/'least' Mint weight ."and the lowest' 'currDiit , weigliti' . Every sovereign' received , by ■ the Mint of'in weight of 122.500 grains will be returned to the banks as being good for -circulation. Any between that weight and' 120.274 grains will''be. •;->paid .for as if full weight,":'arid',those : beloiv - 120.271 grains will bo defaced and paid for at '; their bullion value. , Those banks, presenting much worn coin will thus stand to lose"'on the transaction. It is, however, not anticipated that : .there will be found to be any great quantity . . of light-weight coin here in Sydney. Most of the holding of the banks;never goes into the-' ; ordinary circulation;' It merely moves from , ; bank to bank , in connection with tho settlements, full-weight gold being allowed in this opor'ation. In Victoria, on the other hand,'

the : J)ank exchange; permits light-weight coin to be tendered,;- the result being that the .circulation there is /of- a much lower standard J ? : A n -^ s applies ! particularly to< half-sovereigns. . -

x ; \ SLUMP IN DIAMONDS. ' ;?m f^Pci|G' C risis'.has practically put a stop--to-the-'importation of diamonds. The imports into' New, York for the'five Weeks ended I' ebruary-22 • were valued at ,£75,995, whereas in. the. corresponding five weeks of last year One of the; best-known diamond . trade experts in New , York, in an interview, remarks that diamond sales by im■pprters andi'iobbers.'Xoro unusually" small. , /The' sales for; January.were' smaller than in any •{•IW. fbr"'iiiany'"ye'ars.' Many houses- exist .to-daj'-by-the grace of"their creditors. Dealers gene^aUy v haye.obundant: equity/in their busi-ness;;-but-the"equity in diamonds, instead of cash, andrthis :laok of money impressing .some 1 tOf,- ask.JEor v .iextensions; which, as r a ride, are granted quietly, and do not come Taking: the panic and .MP* 1 .?? money, stringency into consideration .the,failures.of.diamond dealers are remarkably tew, and-show..a'healthy condition of, the trade generally. ; - -■" ' W!iat;;has;..;happene,d,in- diamonds'is : only an .of what. has. occurred generally. 'shrinkago in' the import trade of tho btates since the development-of tho crisis .has been remarkable, and the marvel is that-other countries have not suffered more.. f 4t.-is nn,tiu'a.l,,t hat, (11 a 111 onds being the costliest of luxuries, should suffer: most by the depres.sion. .- f . • ' ■ , '■ ' MINING. > A (BY 1 TELEGRAPH^—PRESS ASSOCIATION ) _ . „ Auckland, April 30. During the past month, the gold returns to 'nana iroin tho Auckland district mines reached a total of <4111,729 13s. Sd. .This, is an increaso compared with output for the: correspond-ing-peno(l-of.lost':year, which-totalled £103371 , 18s,-7d. ! "lt is also considerably in excess of • 1 'the two previous monthly yields;of- the present year (February, .£90,107 and .March ,£98,271).. .This increase is partly accounted for jby. -tlie. fact that in tho returns recorded two clean-ups are included from both the Waihi; Grand Junction and Komata "Reefs Mines. The month's .total is contributed to' as follo_ws:—Ohinemuri, £108,756, 6s. 6d.; Thames £2557 15s. 3d.;-.Coromandel,'i £415 125.-; total' .£111,729 13s. 9d. : ; ' " : . DUNEDIN STOCK EXCHANGE. .1 , . (BY. TELEGRAPH. —PfiESS ASSOCIATION.), , 'i, ••• Ddnedin, April 30. • Stock. Exchange,.sales: New Zealand,, Portland Cement; 315.;-.' 1 • ■ HIDES, SKINS, ETC; , V V ; _ Messrs.; S-ivainson "and Bevan; Ltd.,' auc..tioneers, Levin, report on their .wool, skin, and hide sale, as follows:—We offered a'largo catalogue of .sk'ins' and .hides, there,being a failattendance of :buyers. Competition,' was keen, and-prices, .-kept ;up well;- '-We Md as follows:—Sheepskins: .flalf-wools, 33d. j lambs', 3d. to :35d.; crossbreeds,- 3Jd. to 41d,; pelts/ broken, ljd.; pelts, green,-Is. 2d. "to Is. 9d. each; ..pelts, ..bare, ~21d.;. pelts, dafnp,. is. Bd., 25.-- 2s;r v .3d;-j. pelts, black, 2Jd.;' salted lambs', 2s. each;: salted'half-wools, Is. lid. each., Tallow, £22 per ton. Hides: Calf, sound 4Jd., cut, 2d., slippy Id.; yearlings, sound 3gd., out 2fd.; cow, sound 3Jd.', 4d. to 4!d., cut 3Jd., slippy'lid.;-ox; sound;sd.; bull, sound 2Jd; .^.^ : SALES. ' ■■'Messrs.,Abraham L and Williams, Ltd;, report . on'their Ifastert'on-stock sale, hold' yestordhy,' ;as follows:—We submitted a much larger'.niim-i her/of,-.sheep than, were advertised, upwards of;\5000" being "yarded. "Competition for all classes, with, the ;of owes in- lamb, was'go'od,\ and realised j showed an increase, particularly fqf lambs;: over those rul'ing'allate,sales'/"We quote:—Fat and forward wethers," 14s; Gd. turnip wethers, 12s. 7d. to ■13si-j-■■ two-tooth - (small), 9s. Id. to 10s. Gd.; fat and forward ewes,'' 9s. ' 2d. to lis. 7d.; twotooth ewes, 9s.'2d. to 10s. Gd. (small), Bs. 7d.; - store : ;ewos>. Gs.'.-to 7s. 2d.; s'.ni. ewes in iamb, Gs. to 95." 6d.;"cull ewes, 3s. ,to 4s. 5d.; fat lambs, 9s.' 9d. to 12s. 7d.; best woolly lambs, /10s'. V- -shorn"-lambs, 4s. 'to Gs. Gd.; blackface , lambs, :ss. ,9d, culls; 35.., Cattle—Very • few.: cattle ■ lvere , yarded. Prices'were as follow:—Springing cows, £4 10s. j cows, with -calves-at-foot,-£4; niixed : weaners, 155.; 3-year-old steers,. £3. . .• / ui«-i « 1. - - , . . inV.'TELECnArn—rncss association;)' 1 t-X . Dunedin, 'April 30. ■ Ai>.tno BurnEide.'9tock-market 3G95 sheep were ,portned,{»a>:}i?avy,'iarding of -'medium quality with- ; a-;g6od" proportion 'of ewes, the'price ■of . which ..fell., from 2s. to 2s. Gd. per head, whilst wethers declined Is. to Is. Gd. Best wethers;, j 19s. ■ Gd.4 to -225.; ; extra; to 235. 9d. ; medium/16s'."' to v lß's"'Gd.; inferior, 12s. ,Gd. ;to' 15s. 6d.j best 'eweSj c l t 3s.- to 155,. Gd.; medium, lis. to 125.; inferior,.aiip, to ,10s. Gd. Lambs: 1459 penned, a: Heavy enjtrj'. Prices. showed a slight decline' on lasb.'rweek's. Best, '15s. to lGs. Gd.; extra, t0,.195.; medium, 13s. to 14s. 9d.j .inferior,''up'to ,12S. Pigs: 120 yarded, a heavy yarding. Both-vheavy and light sorts showed a slight decljrie on last rates. .Suckers, jfe. to lis. ; r slips, 14s. to.'lßs.; stores,., 2ls. to 255.; porkers, 38s. to 435.; light baconors,. 475.„t0 535. ;,Jieavy baconers, 555. to 595.; chop-1 2G3 -yarded, principally 'good''qualify ■biillock'S'dhd heifers. Yarding, iii oxcess'of requirements, and a mimbor, of pens were turned out unsold. -.Bqst..'bullocks, up to £9. 17s. Gd-.; medium; to £7 12s. Gd.; light, £4 lO.f. to; £G Sf i best heifers,;£B. 25.. Gd.; '6thers/.£4' to '£5 10s. , ; ''-Messrs. »Dalgety and Co., Ltd., report that iat.-tlieir, Palmerston ,sale yesterday, a fair entry of sheep and .a small .yarding of cattle came forward. ' Medium iambs made from 3s. Gd. to 55.; fair lambi'" Gs.-. to 75.; fat, ewes, 13s. 9d.; small 2-tootli wethers, 10s.; dairy cows, £2 ss. Gd to £2.123,,6d.;-mixed weaners, 14s.

LONDON. MARKETS.'. SY TELEOHAPn— PRESS ASSOCIATION--COrYBIOIi:, . . . . London; April 29. At tho tallow sale's 1292 casks wore offered and:937 'sold. .'.Mutton;; fine 335. Gd.; per cwt., medium.29s. Gd.; beef, fiuo 30s. 9d., medium 28s. Gd. 'vLead,'.'£l3 por ton. Spelter, £20 los. per. ton.

FROZEN MEAT. ' (BY TELECRAPII. —PRESS ASSOCIATION.) Napier, April 30.. The C.C. and D. Company icable tho followin; quotations Frozen meat.—Canterbury mutton, 4k1.; Napier, AVellington', and North Island, 33d. Lamb—First, 5Jd.; second, 5Jd. Beef—Hinds, 3}d.; fores, 3}d. TALLOW. The N.Z. Loan and Mercantile Agency Company liava recoived the following cablegram from London:—"We quote present spot values for following descriptions of tallow—Fine mutton, 31s. 6d. per cwt.; good beef, 30s. per cwt;; mixed, 28s. 3d. per cwt. Market firm." COLONIAL SUGAR COMPANY. DIVIDEND, 10 tPEU CENT. BY TELEGRAPH —PRESS ASSOCIATION —COPYRIGHI Sydney, April 30. At the half-yearly meeting of the Colonial Sugar Company, the net profits were stated to -be ~£13079. A dividend of 10 per cent, was recommended, leaving .£35,624 to carry forward, , The report stated that farmors in Australia and Neiv Zealand were beginning to realise the benefit of using molasses for the feeding of stock. Tho company had gone to a good deal of expense to meet demands in this direction. FAILURE OF WINCOTT COOPER AND CO. LIABILITIES, JC4G2.643.' 3Y TELEGRAPH —rRESS ASSOCIATION —COPYRIGHT • London, April 29. The statement in bankruptcy of the Messrs. Wincott Cooper and Co.' has been filed. 'It shows liabilities amounting to -£-162,043, of which .£70,071 is expected to rank for dividend, and assets £18,843. LONDON WOOL MARKET. Messrs. Dalgety and Company, Limited, Wellington, have received advice from their London house,-under date of April 29, to the offect that tho wool market is dull, and,that a further decline in prices is expected at next sales. ' The position is ilncertain, but they think business will gradually improve later on in the year, when stocks are reduced. .

< - , .WELLINGTON SHARE LIST. ■ '« COMPACT Capital Fnmtaii 1% 1> ' PBICM, 7 i,,* Ws-*S. 2M 2 J5_ ,mc ° h : • " : * "■■■■ i •' £ s' £ f 6, a, f B. a. J 6. d. / F. fl. Few Zealand >1X0001 - r81,6T1 3$ 31 10- ' ' 912 li 812,0 J I) f .'"..rational £75 000 835.813 > 2A.-. 15-. 13 ' CS 6. -6'6,6:. f S 9 [ 13 5 • ! insurance. . •" . v : ..Rational, - - • .•jro.oiO . N9.333. • I -unltd. 15 , . 17 9 <; ■ 1 Kcw Zealand " 396.674 • i ' • 8' iq " 1 ■ - "T37- 0 , : - ■' . 474.9U:.; . 3 Jj. J 30 217 6 1 ■ . ••• Handard 15,OM £7,363 . J unltd. 10 111 120 •.: .' FIXAN'CIAr.. ■' ■ . . ■ y . ' ■v-V. Eqtiilablo Building *■ £0,000'' ' • ff,M0 /' 8 0 JO 10 9 0 .' : Metropolitan Uuildin'4 ,49,'6! ,8,6:8 . ]0 , nil • ' h>'- Wellington Invest. ■...- 50.CO1 3.033 " -4 ) - G ' ■■■■ -®. 12 3 ril G r » ' (;:.'>v'WergtonTrustitLoaii ''101,1151 . 44,:»l .' - 6 •.■■■■& 8 r '70*0 » ? U -6 . .7 9 6 . f 7 p ; -,;V. ; :v. National Mortgage * .- .- ico.0'10 :. -312.250 8 , ]fl , .1 0 0 3 1 6 £0 6 fjn / , K.Z.andRivori'lata:r 300,(00 < SS-2.0UJ . j nil ; ' 7 1 1 12 6 113 n 113 0; 4,5 0 i>vr-Loanand^Mercantile;• -335,223. 815,133 . 1= -ft',; 'J.-' .'■X® 0 0 5 0' io 0 0 . : . Auckland - . . 180,311 13.351 ' c nil 35 . "■Clnistchurch'-. ' • 152,0W * 65,037 ■ r & ml . io in 2 6 10 0 0 r, n e . .. teiidini!' - 12,000 . 101 ' . 1 ml _ 015 Ti 018 (i :. : v : GiEborno : . . ; '17,sol • 10,6it : ■ . 1 , lul 133 ...3 0 B 212 0 . 210 0 . 530 0 .. • Hawera. - .. . '. . 8,-51 '743 :j ' J ' '13 - • 1.6Wl'iyraoath - .. JS.Oj.)'. J.IOS) • 6 -n.l 10 • ''■ / ' ■■ • . Saiiier -. . ... ) ' . : 10 nil:'. '35'. ","'.-' ' V- • - . 40,957j £3,15): ' 5 " 6"' -15"' ' ' •■■■' ■ ■ ' I V -V. FalraerstonNorth I7J}00 :■ J 11,(03.. . . 1 }o . Vcllinfiton. - - ' ! / 5 .; 0 7i,'i£W lu , nil 10 '' "' 1910 0, ' c 2 2 ' * '( ■ r: - ' ■■■!< '< ' 5 :10 • ' '• S 15 0 ■; .MEAT. • ; Canterbury.'/JS3,1V 75 2i ' ; s' 710 3? '8 0 0 V CbnBtohurch•/ '.7.U: iu e :• 1 -10 li 0 • -30,7 6 10 7 0 • 71-1 7 Gear " r , rnl l. ' E6.261, .1 125 2 .9,","6- . 2 10 6 , 210 0 r 0 0 ' . /' - :• "• : UWJ f i ,'.'d i-2j 91 j • 0 10 0 0 ' elbngton Meat Exp .- I . V ui,.:< 8 , , !■- P12 6 V-v',-,-.Hi'.;- : 105,7G5, . r?,73T... i i 8 7 5 2 0 '5 2 0 f 5 A ' ; . r ■ > ' I ' ts • "! • 8- ■' 3 5 0 . S 5 0 c 9 3 ' w . Wanganm-- : . <5,850 ! . 31,401 d ,nu.; k , . .. TlUN'SrosT.' ;• V-". " : - : . '. ■SJ'.iM.ilailway 170,011. •. 121,451. • 1 4 7 j 7 0 , 0 0 0: '2 7 ! 0: 1 s 0 C Shipping- •' 113.7jl b'. nil. 5 6 5 0 •' Vi':LnionSteam . • tou.uOJ . 472,591 1; w yj iu g m ! j V-V ; ' vVsln.SieaiQFarr/ . 4C,2jJ f .- ' oi - i , u.i; • (i • • \ ' - COAIi;. • •-Wtttport-V f£0,003.. ;il7,21j, 85 ' U , 125 6 17 0 . 7 0 0 6 19 0 .55 0 • L2yJJ - •''* :•} 0 0 11 6 l't!) 3 7 8 0 Eaiapoi- . •. . jMYTr) •• f2,Sii -5 'nlL v , <g v-.,i . t>. .. i-owioi - : - . .. - • 69.V ; 4, p.O 0 .3 3 6 ':-31 0 413 0 ;su,6 .,1 5 0 3 0 0 loo . Eonagiiyltopa ,- 47,931 ' - . 5 ad ; _ ; . 6 0'0 1 6 5 0 t : l 1 ., i'l-eylandiO'Bnea. . W.UjJ, . ; ' E7,'<"31 , ..,1 . 15 ," „ r, u.-.m n . ■ 3 0 -k it t >- '• ilnuricovilloLira) 1,001 •Jlj.'.,- . 1. :u.i ., ' .8 '.i : . • - . . 6 17 2 ' . • i*.Z.Candle - . . 30.0JJ ' ' — llT" "d ' ' — ( ; , Drugs - /■ £4.511- ; '..7 3.11 ,0 ■ CVii- 6 ' -Ml 0 - e i n' P flrMlll3.-A;- . iy,75i '' n,l - '-nil J' - r v4 | 133 ' »' : >.Z.Cemen!-..-. .. .. ; . i;..U - 1 uu. _ . {-{. § .. JjJ 1 3 3 f 0 s ■y. ( '' AltnniuyACo. •• . . ' 17,oM. ; ■' 4, 10' 3 i4 r 0 *• •' 316 6 •' - ' y aid & Co. ;..,v to,U0J, 1 ' Lv.twi; ; ' J .1 1J . I 15 o 417 s 415 n B B B ... . .lt',63J ; Vl-'1..^. ■ ..!>. ail .. Wl . •; .r.T.r . 8 tin Fresh Foo.l ■ it.ail . ' — ■ '' j , nU - ■ ... :>■VliUtoniloiSTcmbs. .■ ID.ljJ... ilJ, T" '. j 'b n' ' bharJau„. ■h.mJ / '6-, ■ , i' 0 ,0 ' 7 10 0