FINANCE AND COMMERCE.

Dominion, Volume 1, Issue 221, 11 June 1908, Page 10

FINANCE AND COMMERCE.

i WELLINGTON SHARE LIST.

THE SHARE, MARKET. ; . . ; The mvestmont marke't .was. inclihed to. dulk ness yesterday, and the buying. orders were ' v — very greatly ; 'curtailed ; as . compared. with tho, .-. previous' day. . Manawatu Rails changed hands ?i; at 495., the. highest - figuro yet.-touched, -.and, . " : '-'this; points'to the probability that the trans- : fer-of the lino to: tho Government on mu- - tu'ally satisfactory: terms is " very near. D.I.C. V * . Preference shares sold at 21s. IOJd.", and these' ' ' two sales represent all-tho business reported yesterday.. Bank, . financial, and\insurance i, ' . shares were..quiet with 1 : sellers:, of,'Baiii of. Now Zealand at ,£9 Is., National Banks at' : ita ss. 3d, Wellington Deposit at 95., Na-„. ■' tional Mortgage at 605., and Standard In-' su'ranco at 225. Gas shares'..were'., .inclined to bo slow. There: were, sellers' of Feilding -'Gas' shares at 20s.- .Gd.; ; and buyers of Wel- • • lington Gas, .second issue,, at .£10"10s. Other quotations were:—Christchurch buyers : !,-;':'Jblo. 2s.- Gd, sellers £10 ss. Eails, ' buyers 485., sellers 495.; Union Steam, .buyers, »f!' .y 345.: 3d.,sellers''3ss.; Wellington^ l Wtiftlleii',-' buyers 63."; "Westport Coal, sellers iiCG 18s>' " 6d;j Westport-Stocktori, sellers, 3d. ■: premium ; Leyland O'Brien dTnaber, sellers i 435.;: • Now , jr.'-':;. Zealand ' Times, ordinary, aid .'preference, f . lors 203. : 1' 'V-—' |W ; : > 'THE* MINING v StAPJCET/'_ : Tangiaro shares app9ar to be in active'Xdef;. t. ' • ,\maiid, and sales of the scrip wore made -yes- , f- torday at ascending; prices. . Talismans, sold ;at . 475. 9d/' and- WMhis -'at 3s/ Cd.*';The I i. latter, aro'^low-'as xompare'd 'with 'the London i ..}. :. quotations.' -./ The quotations .-yesterday .were [-... ' las undfir:—

: COMMERCIAL UNION ASSURANCE.: „ • k. i : The-report of the Commercial ; Union Assiir-j L . • <-'ince Company,. Ltd., for the . states' - that during tho -year the 'company acquired' | the businesses, of tho Union Assurance -Society p;'. (established -1714) and of-' the Scottish' Cotinty; V" arid, Mercantile Insurance Company, Ltd. Jn S; connectionvwith' the-former, a separate com--' . ' pany <• entitled; Union •'• Assurance -Society; Ltd-.',': f : has been' established, and; 'although; . owing to the necessary formalities *in connection ■ with tho life department, the agreement withthe "Union" did not become absolute until •y July (the "Union life fund then being .cons' ? ■ ■' stituted),- the whole of the fire, and accident 1 ! ••• business of that, Society and of. .the : Union V Assurance Society,' Ltd., 'for 'the year have ■ , ,been embodied in the accounts. The figures of the other, companies acquired, owned, or controlled by tfijs company aro also included. • Tho net premiums for ■ 1907 in tho fire de-f partment amounted.'to £2,852,3G2, being an ; increaso of £521,311 as compared with the year 1906 and tho losses paid and outstanding to £1,120,001, or 49.2 per cent, of the premium income. From the profits of this ■ : department the sum - oty £185,000 lias been.car- - ried to profit and loss; and, after providing for. outstanding losses, the fire fund, stands' 'at ,£2,196,119. Tho net premiums received in | the marine department -were .£247,471, and the . . '• losses' paid-;ana-outstanding 'amount to £140;45l:' From the profits of this department the sum of .£35,000 has been carried to profit arid ; loss;, and,;after, providing,.for:." outstanding ■ - losseb, the marine." fund .stands,.at -£623,859. Tho net premium ' income of the . accident department amounted to £493,179, and'"the' " ■ ■ losses paid and outstanding to .£256,119. After a liberal provision for outstanding losses, there ■■ - -. remains . a surplus of .£69,371.'., .This,sum,. - has been added'to the accident''fiihd,'which" now stands at £199,271. The profit and loss ■ account has been closed, with a. balance of 216-1,045 • carried-'' forward 'to'l9oß, •'arid I 'out of that amount-the directors recommend the payment of a dividend (free of income-tax) of 6s. per share, making, with the interim dividend paid'in November last, 12s. ■ per' share for the year-1907. The new business in the life department for the year consisted of 2,799. ' policies for £1,722,079, and the new premiums-; amounted \to £72,371. The'claims"by"'death' of £190,868 were within the amount expected. "The year's transactions resulted in a surpliis"' of £250,280, which increased the life assurance fund to £3,418,520. ■ The ninth quinquennial valuation has resulted total surplus (including interim bonuses already paid) of £141,528, of which-the directors have decided to divide £379,382.- Of ..this sum £301,159 (in ' addition to '£11,734' already""-paid as* interim ' bonuses during the quinquennium) belongs to the policyholders, as compared with £249,867 at the preceding distribution. , The proportion, to which the shareholders are entitled amounts to £78,223,' as: compared - with £64,444 five years a"0. .The amount carried forward undivided, - lias been increased to £62,146. In view of the close, of' the quinquennium the 'directors have: investigated in,'detail-the-'whole- of - -thol j pecurities comprised in the. life .assuranffc fund,' and after making'provision in case's „ where the market value was less than the, "" book value, they are in a position to report that, -in-the 'aggregate, the market value.-of: the whole of the securities..comprised ,in tiiat 'fnnd was-at December 31,'. 1907,' in ex : cess of the:..total amount.'shown in : s.thd' balance-sheet. ,The resignation of Sir Thomas Brooke, Bart.', of his seat on the Board, owing to . failing health, is reported,, with regret. THE WEST AUSTRALIAN LOAN. « .Tho-..iW«st- Australian Government is issuing in London a'loan .of £1,000,000 bearing interest at 3£ per" cent with tho minimum at £97. Tho loan, it-is stated, is underwritten at £97, and although 40 peri cent, of the loan is not . payable until the end* of August, a- full six, months' interest on tho total amount will be, payable in Dcccmber. Theso are big conces-. (lions to make, and it. is obvious that the Lon- &» markot,';notwithstandjng the low rates--

r i 2-.-J4 -i i, puling, for money, ;is..not anxious-for such issues.; The- fact. i( is'.'London, is 'being surfeited with gilt-e\igecl securities, and there is not tho power tp absorb„all j . that is offering. The tenders* "for. :t]iis"..\Vest '-Australian loan closes tomorrow,' .rand;;, every reason to believe that the underwriters will bo saddled .with tho larger proportion of the issue. Just about two months. ago Now South Wales issued a 3J per ! cont. conversion loan for ,£3,000,000, and although the issuing bank was the London and Westminster, the underwriters were left with 90 per£ceht?.i,of the iisue. Money has . become considerably- cheaper 7 since then, but lenders jire looking, for a better rate than 3J .br even -4 per i: 1 The "Economist" (London) of April 25, says:—Four percent, is a rate of interest' whiclv just" how seems to be particularly unpopular, if we may judge from the responso made to recent issues ofneiv- capital of that denomination., The German and Prussian loans'have, gone to, a discount, in spite of the effort to maintain them at par put forward iby tho syndicates-tin'tlw,form of a promise not to market-'their, foldings until the instalments are paid, up, and tho definitive scrip is issued. Canadian I per cents, of all descriptions, except Dominion-bonds, aro -meeting with ■ a cool, not to say : a frosty reception. > The Canadian Pacific. Guarantee'd''Stock issued some' weeks ago has' l fallen to quits a heavy discount, and two issues of Grand Trunk Pacific bonds and debentu'res"'are $0.-.Bb. bad ..well under the issue price. -The= Canadian Northern Railway bonds offered this week are .not, we • being at all eagerly taken up, and of recent Canadian.4 per cent, issues the debentures of the Dominion''" Government alono command a fair premium. ; THE TALISMAN CONSOLIDATED. The Wellington. Stock Exchange is in receipt of the following; telegram, dated June 10:— "May return: Crushed, 4237 tons; value of '.bullion, .£18,909. Costs, mine development, Gs. 5d.; mining, 14s. 3d.; milling, 13s. 3d.; general expenses, '15.,.9d/' - , ' ' '■ l'he:return of i£18,909 has .only been exceeded once during the past seventeen months, as will be seen* from'the following table, which gives "theßvalue of-the: output for each months ' > '

'In ' 'November»'of last year, the return was valued at £20,763, and the .return for last month comes next. These figures, together with the increased dividend,'.emphasise the stupidity of the recent bear movement initiated <in Auckland) and amply justifies the practical optimism of Wellington investors. Special .efforts are being mado to provo that the recent depression of the shares was not due to any attempt to bear the market, but those who ■-were advised -.to. sell their shares at'the lonprice of 455. ' will take' a lot of convincing. - CUSTOMS REVENUE. The'-,Cifstoina"revenue collected at Wellingtoniye'sterdayOamounted to £3275, 9s. 3d. . ' - ' ;:;4 'I^'" ! 'SLISMAN M!NE. . W " ' ' .''[BT'TmßOßilra.^PßßS ß ' ASSOCIATION.] ' ' ' " Auckland, June 10. . ' The -Talisman /.return ' £18,909 from 4237 tons. .... . LIVE STOCK SALES.,, The New Zealand,, Loan and Mercantile Agency Co.,' Lt'd.TFeilding, report:—At Apiti on Tuesday we. had a good yarding of sheep and a medium yarding. of cattle. Our entry of sheep was mainlj-,composed of good lines of. lambs, which sold -freely. Wether lambs made from Bs. Bd. to 9s. 2d.; ewe lambs,,Bs. 7d. t0,.105. 4d.;. mixe<L lambs, 6s. Id., 6s. 6d., 7s. 4d., Bs,, Bs. ,'ld. j cull lambs, 35., 3s. 6d., 55.; ' two arid four-tboth "Swes in lamb, 16s. 6d.; cull 0we5,..,35., 9d.; fat ewes, 10s." lid:, to lis. Gd.V 1 'owes in lamb,, 10s. 4d.; fat heifers, £4; forward heifers, £3 35.; empty -cows, 335.; cows arid calves, £3 125.; springing cows, £3 10s. to £4.; mixed weariers, Messrs. r Abraham J 2and - Williams,' Ltd.,! :'report on Stock Sale held .yesterday sheep came, forward than wor'6' "advertised, ; the" .quality being . exceptionally ?gßpd; had the most animated this year. The prices realised w6r6"'for 'the'most .part l in excess of vendors' reserves. All -good lots in lambs • and: wethers were eagerly. competed for, as were best sorts of ews in lamb and forward empty ewes, with. the exception ' of a, few odd lots. A total'clearance was e(fected\Tho cattle were for tho most nart rough sorts, arid .very little, business was done. We quote •— to 14s. 6d.; fat owes and ■ wethers, 13s. 6fl. to 155.; forward empty owos, Bs. to lis.; store ewes, ss. to 75.; cull ewes, 2s. 6d., to 4s. 6d.; best owes in lamb, 117s 1 . 6d. ;' others)' 65.,' to 9s. 2d.'; two-tooth ewes (small), Ids.-2d.;'ewes in lamb (culls),'3s. 7d. to ss. 6d.; fat and forward lambs, 10s. fid. 'to 125.; black face lambs (good), 75.. to 8s; 6d.; wether lambs • (of which there was a largo yarding), 6s. to Bs.; mixed box iambs, ss.' to 7s. lid-; .poorer, sorts, 4s. to 4s. 9d.; wethers (best stores), 13s. to 13s. Bd.; others, lis to 12s. 4d. ' Cattle—Pat and forward cows iand .heifers, £4; Polled Angus heifers, £2 155.; weancrs, 7s. 6d. to Bs. 3d. * *~ ■! (BV IBtEOBArn—PBKBB ASSOCIATION.) Christchurch, June 10. At the Addi'ngton yards to-day there were fair entries in all classes, although the yarding was considerably emaller than at a num-

I ber of sales held during tho Inst fen* months. The entries in the store sheep pons showed a marked shrinkage, but the yarding of fat Jambs was a largo one, ono line numbering nearly 1000. Three hundred and fifty -seven fnt ciittle wero entered, including some lines of exceptionally good quality, others being .'light. There was a fair demand for good quality stulT, but for inferior lines the salo was a rather dragging one. Steers made J!G to <£11, extra making to Xl 3 17s. Cel.; heifers, to .£10; and cows, «£t 10s. to £9 ss. Best steer beef made 225. lid. to 255.; medium, 20s. to 225.; and light and nnfinished, 17s. to 19s. 6d. An' average yarding of fat calves met with the usual demand, prices ranging from 4s. Gd. to G7s., according to ago and quality. The entry of store sheep was a very small one, the quality being of a better class than at recent markets. . The entry was made mi of wethers, including northern drafts, a few lines of good lambs, and several pens of good yonng ewes. For all classes there was a good demand, and . prices,, as compared with the previous week, remained unchanged, although the season for buying in lamb ewes has hardly commenced. Those on offer sold fairly, well, prices reaching 15s. Id. for four, six, and eight-tooth sheep. Forward wethers sold more freely than at recent markets, as also did store lambs, the latter department of the sale being materially assisted by tlio operations of outside buyers. Forward lambs' made 9s. to Us. 3d., and others 7s. Gd. to Bs. 9d. There was a very largo entry of fat sheep, the bulk being ewes. were a number, of lines of handy weight wethers on offer, and, tlieso sold well undor competition from the exporters and local butchers. There was some buying for export in owes, but owing to there being a heavy entry of these there was a further decline in prices, especially medium and inferior sorts. The range of prices was:—Prime Wethers, 17s. Gd. to 215.; extra, to 225.; lighter, 14s. -to 175.; prime ewes, 14s. to lGs. 9d.; extra,' to 19s. rid.; medium, lis. to 13s. Gd.; and aged inferior,. 7s. to 10s. 6d. The entries of pigs in all departments wore very small, and the demand, as a result of the shortage, was rather better than at recent markets. Choppers made from .£3 10s. to £5", heavy baconers realised 60s. to 755., and lighter 50s. *to 58s. (equal to 5Jd. to sjd. per _ lb.); heavy porkers made 40s. to 485., and lighter 30s. to 325. Gd. (equal to fully Gd. per lb):' A small entry of weaners • elicited good competition, prices ranging from Bs. to 10s. 6d. Till TIMOItAPH.—rEESS ASSOCIATION - .] Dunedin, Juno 10. At Burnside to-day 2181 fat. sheep wero penned. This good yarding • consisted mostly of medium quality ewes and wethers, with a few pens of extra prime wethers. For ewes and nnfinished sheep prices were a triilo easier, but for good sorts tli? market was perhaps. a shilling firmer. Best wethers, 19s. Gd. to 21s. 3d.; extra to 225.; medium, 17s. to 18s.; inferior, 14s. to lGs. The average for best ewes was in tho vicinity of 17s. 9d.; extra," 20s. .Fat. lambs, 800 penned, a poor yarding. The . market was well up- to last week's 1 average. Best, 15s. 9d. •to lGs. :9a.; extra, 17s. Gd.; ordinary freezing lines, 14s. 6d. to 15s. Fat cattle, 200 yarded. On the whole the quality was slightly better than last.week's. The yarding was mostly of medium, good, to very good; quality. Best bullocks, XD to .£lO 17s. Gd.; medium, .£7 15s. to 15s. price of ucheelite; The Department of Industries and Commerce has received a report from the High Commissioner ' in London which states that the scheelite markot has dropped somewhat further, but the price. for-first-class quality'may be taken as 255. .to '30s. per unit ot tungstioacid. There is a good under tone" as tho majority of stocks are well hold in the hopes of' higher prices. The market most minerals is quiet, owing to the trade being slow. . LONDON MARKETS. B? TELEGP.Am —PRESS ASSOCIATION —COrTMGHT. London, June 9. The total quantity;of w wheat and-flour afloat for the United Kingdom, is 2,555,000 quarters,and for the . Continent 1,825,000. , Atlantic shipments, 320,000 Quarters; Pacific, 30,000. The total wheat and flour exported to Europe during the week is 1,020,000 quarters, including 68,000 from the Argentine and Uruguay. , .Shares are unchanged; Silver is quoted at, 24 7-lGd. por ounce standard.

AUSTRALIAN PRODUCE. BT TELEGRAPH —rilESa ASSOCIATION—OOrTRIGHI Sydney, June ,10. Wheat, .4s. 6d. to 4s. GJd. Flour, ,£lO. Oats, Algerian, milling 3s. Gd., seeding 3s. 9d., New Zealand, 3s. Gd. Barley, Capo,' 4s. '7d. to 4s: 9d. Maize, 4s. Gd. Bran and pollard, Is. sd. Potatoes, Tasinanian, ,£4. Onions, .£B. Butter, prime, 112s. to 1145.' Cheese, 7d. to SJd. Bacon, 7Jd. to 7|d. • , Melbourne, Juno 10. Wheat, 4s. sd. Flour, <£10. Oats, feeding'3s. 4d., to 3s. 3d., milling 3s. Gd. Maize, 4s: sd. to 4s. Gd. Bran and pollard, Is. sd. Potatoes, i! 3 ss. to £i ss. Onions, <£7. v Adelaide, June 10. Wheat, 4s. 25d. to 4s. 3d. Flour, ,£9 155., Bran and pollard, Is. sd. '

? -==-■ -■ .-if • .• Reserve f.mhi • ' ■ TBICES. Yield -V'.- .i COMPAKT ' ' Capital Fnnd and 3 b .' : ■ - ' to rv-i'lv:, ■■ ■» Share*Last Investor, ft:,. ; :' -. . "" . g Buyer. Seller.. ' Sa | B . BANKS, £ £ . £ £ £ £ «. d. £ >. d. £ B. d. £ 8. d, - Hew Zealand ... 2,000,000 81,675 <J 'si- 30 8 18 0 0 1 0 0 0 0 B14 1 National ... ... _ w. 375.000 335,318 j| lo lit ' 5 .4.3 553 650 63T i INSURANCE. , National •.. ... .■_ 100.000 2(0,333 ' i trnltai 15 16 0 10 5 *' • New Zealand ... ... 300,000 306,674 2 8 10 3 15 0 3 16 6 S15 S. 6 6 0 ; South . British ... •. ... 100,000 474,01-2 .•» <4 10 216 0 btandsrd ... 75,000 02,386 3 si 10 1-1. 9 12 0 FINANCIAL. ■ Eqnttablo Building. C0.000 W.OOO 5 5 10 10 8 0 10 0 0 .-•••• -•••' < \Motropolitan Building- .... •... 60,742 • 5,6B8 in nil 7 .. . •!•••• Wellington Invest. ... ,... . EO.OCO 3.033 » 4 6 013 0 0 11 6 6 4 4 Wellington Trust and Xioan ... 101,250 44,334 5 c 8 T 9 6 711 O 7 9 6 6 7 0 K; National Mortgage ... ... ... 200,000 127,746 a 8 'l0 300 300 300 6 13 4 -!■ N.Z. ond EiTer Plato 300,000 252,000 t- nil 7 111 6 111 8 ■'111 6 4 8 11 _ loan and Morcantilo 135.222 315,133 J 81 5 0 4 6 0 1 S I[ t | -V^-OAS..- v!•- >. ■ ■'''■'a.nekland'ii.-/ ... . ... : 1S0.370 .. : E5.463' ; 5 nil -16 - : Christchurch ... ■ ... ... ... 160,000 - . 70,918 6 nil 10 .. .. .10 0 0 10 0 0 6 0 0 Feilding ... . .... ... ' 12,000 ' -103 '1 nil' ...' "010' 6 10 6 '019 6 .'v.:: Gisborne \... ... ' 17,300 10,565- m .nil". 13i' 2 U~6 210 0 <S10 0 610 0 Hawera • ... .... ... , ... , 8,250 ..... .694 ,3 J 10 NotfPlymonth ... ... 18,000 : 3,159 : 5 - nil- 10: Napier ... ... . ... ... | 10 n jj 25" >■ : 1. - - f 49,957 - £3,181 5 6 15 ~ •- ■■ », - i , .9.. 15 V3 2.-6 •v. t Pahnerston North ... -27,000 -11,002' - J- 10 Kolitogton . - <104™ ' rims 10 nil 10 » 7 6 1910 0 ,19 7.6 6 8 3 : * .. ~ - * ••• - I 5 5 10 1010 0 .. HEAT. ...-. . i ■ Canterbury vj „ u, 183,727 S3,686 7} S} 8 8 0 0' ... Christchurch, ... ...' - w •_ 165,920 77,642 10 nil 8 10 2 .6 10 6 0 10 7 0 7 14 7 Gear ... ... „ „ 1 jg-g. 1 - nU Hi 2 9 0 210 0 - 910 0 6 0 0 jj . i, ... . _ I ' ' 4, 6- ul 9 ISO 10 0 0 , .weffinston Meat Export _ „ 1 6 nil 8 612 S ... „ _ „ w. f 105,766 . 63,767 4 1 8 S90 6 20 6 6, 0 '„ _ _ >_ ~ ». ). ., ,• Vjj 23. ■B- . 350 3 6-0 693, Wangainri „ „ ..< ... 1 •- 10,315 ."5 nil 8 ■ 1 ' ■ ' TRANSPORT. ' W. nnd*M. Eailway ... ... ..... 170,000, . 121,452 1 -.4. ...7 2 .8 V U 2 9 0 ,2 9 0 3 if" 2 . 'jl.Z. Shipping ... ... 47i?,y40. -110,7l0. 8 nil 5 ' " ' 6 l:i G 6 18 6 10 3 10 - (Jnion. Bteam ... ' ... ■ ...' tOO.COO 3bl,917 1 nil 75 114 3 115 0 i.-: ■ .Wgtii. Eteam Ferry ... ... ... _46,ii0 65 1 nii 6 ■■ ■ COAL. •" ■ ' .WeBtport - . . ' J ... ... S6CMM0 117,215 , 3j • 1| ni 6 18 0 6 18 0 6 18 6 6 6 4 s'.- . ■ laupiri ... ... ... . ... . tSXOO Wi» 1 . nil -,7i ,• 1 0 0 019 6 714 0 r /. ■:■■■ it » *■> V/OOLLEM. ■/ ' ; v '- .. ' s !-' ' Kaiapoi ... ... ... , ,22,854 5. -, .nil '. r Ci "■ H-- ; Moseiel ... ... ' ... ' b3,457 - : :- 1 17,aia '35- -li - -■ 4 -3' 60 336-310 4 12 0 V -.. . • .Wellington . ..: ... ... i>2,Sti5 ,. 24,368 4, 1 . 6 3 6 0 3 9 0 3 7 0.7 3 3 MISCELLANEOUS. it-.';.. ■-■■'. - ■ .1, , ■ . ■ ■ ' . ' Donoghr Bope - ■ ..i .23,500 1,931 5 nil 6 6 0 0 6 0 0 - .1 Uiyland and O'Brien, : -w SS.OOO/V ,:-37,761.-.- 1. nil 15 -23,0 - , - i ' Maurice villa Lima ... 7.WX1 - ; , 205. -1 , nil. .8 , , ■ ,1' N.Z. Oandle , ... v ... ... 10,«X)' '. '676 10 fail",: 8 ' N.Z. Drugs ; ... ; ... 200,000, - 36,730 .2 . '. nil 7 210'0 2 11 0 2 11 0 6 3 0 K.Z. Paper Hillfl ... ... ... " 14,775., .''. Ii532'. -:i r.il ' 7- -1 2 *0 1 2.6- -..' N.Z. Cement - 40,003 ' 2,048 1 ." nil' ...' -111 0 111 6 , Manning and Co ... ... . £6,COO 37,670 1 1 10 3 14 0- - i 1 Ward and do. ... ,...■ ; ;.'E0,000 -';30,656' -/-i .1 ', .10 ;415,0 B.0'0 4 15 0 8 8 5 1; ■ ' Wgtn. Opera House . ... 18,630 ' 1,705 6 nil 12i .V I-; /-Wgtn. Fresh Food... .28,261 v. , 1 .nil I- - Whiteomhe and Tombs , ... 46,250 r £0,166 : ' 5 hil '19' 4 80 E.-.; Iharland.-'Xitd.-' -'4B,6j6' ' ;-£;3ll Vl' ''nil - .'.'7h 0'l9 '0 1 0 0 0 19 6 -7 14 0

, Buyers. Sellers. Sales. ', -.'t £ s. d. £ b. d. £ s. d. :v Waihi 9 3 0 9 4 0 9 3 6 Talisman , 0.0 0 2 7 9 '"7 >7 9 ,. ■ / Ngahawa 0 0 0 0 '10 ' 0 0 0 Big Biver 0 0 0 1 4 6 0 0 0 'fatigiaro ™ 0 16 0 1 8 0 1 6 /- 0 17* f > . .0 .1 .8 .

-V 1907 ' 1908 • ■ ' ° '' ' .£ January 12,500' ... .18,216 February : 12.S15 ■: -16,662 '! March ... ... 11,593 ... 17,675 .. A.Aprii;' '....v.:...., 11,345 : 17,296 • ;May.\,,:y.10,979 v18,909 r' v June : ' ' ... 17,517 July ... ... 18,508 ': 'V.''' . August ... .... 15,335 i- ""'September: 1 ■ 14,930 '' " 06t6b'er' r •> 18,655 , ,, November ; v.,' 20,763 December ... : ./. 11,039