THE PASTORAL INDUSTRY

Dominion, Volume 30, Issue 259, 29 July 1937, Page 14

THE PASTORAL INDUSTRY

Annual Value of Exports The annual report of the Meat Board gives the value of the Dominion's sheep and cattle, industry, as measured by the export statistics (f.o.b. values) for the twelve months ended March 31, 1937, as follows: —

The official results of the wool sales held in New Zealand during the period November-April. 1936-37, are given in the Meat Board's annual report as follows, those for the two previous seasons being shown for comparative purposes:

The average prices of the wool sold at the roster sales in New Zealand for the last twelve seasons compare as follows:

Antwerp Wool Futures Steady l.ondon, July 27. Wool futures are. steady. Latest quotations compare witfi those previously cabled as follows:—

INCREASED DIVIDEND Queensland National Bank Net profit of the Queensland National Bank for the year ended June 30 was £74,820, compared with £71,148 for the previous year. The directors use the increase to put up the dividend to 4| per cent, (interim of 2 per cent.), which requires £73,375. The balance (£445) of the profit, added to £19,936 brought forward, gives £20.381 to be carried forward. The position generally is stronger. Holdings of cash have increased by £248,190, against an increase of £464,726 in deposits, and £209,678 in advances. Government securities are lower by £88,795. The additions-to deposits are, Used £46,503, current accounts £418,223. The amount written off for depreciation of bank premises and furniture was £2500. The report states that, with the exception of the south-eastern portion, Queensland has experienced a good average season over the last 12 months, and, as a result of this and the improvement in prices of exportable commodities, the bank has been able to satisfy a steady demand for accommodation to cope with expansion in both primary and secondary industry. In addition to providing for these requirements, the bank has, where circumstances warranted, assisted in wine measure to restock its pastoral customers. whose earning capacity has been seriously impaired. TIN MINING PROFITS Anglo-Oriental Group Anglo-Oriental (Malaya?, Ltd., re ports the following resells for the year ended March 31: — Rawang Tin Fields, Ltd.: Profit, £106,936; balance brought forward, £77,179; deduct depreciation £25,806, expenditure preparatory to restarting No. .1 dredge £623, Serendah deviation reserve £4OOO, reserve for replacement of bucket bands £7OO, two dividends, Nos. 8 and 9, £65,700; balance carried forward, £80,986. Previous year’s profit, £119,847. Rawang Concessions, Ltd.: Profit, £59,807; balance brought forward, £44,994; deduct three dividends (Nos. 18, 19 and 20), £55,000, depreciation '£10,982, reserve ’ for replacement of bucket band £2OOO. reserve for road deviation £10,000; balauee forward, £26,819. Previous year s profit, £35,809. Kramat Tin Dredging, Ltd.: Profit, £99,105; balauee brought forward, £57.991 ; deduct lour dividends (Nos. 17, 18, 19 and 20) £82,500, depreciation £32,227, reserve for replacement of bucket baud £3000; balance carried forward, £39,819. Previous year’s profit, £Bf>,4O-L Kuala Kuiupur Tin Fields, Ltd.: Profit, £102,330; balauee brought forward, £41,358; deduct two dividends (Nos. 12 and 13J, £73,125, depreciation £16,244, reserve for replacement of bucket bands £4500, transferred to general reserve £10,000; balauee carried forward, £389,819. Previous year’s profit, £105,404. Malim Nawar Tin, Ltd.: Profit, £7110; written off boring area (option not exercised), £868; losp on bucket dredge, £2157; bucket dredge materials, £634; development, £2501; depreciation, of nlniit, machinery, and buildings, £950 (a total of £7110). Previous year's profit. £4687. Kampong Banjul Tin Dredging, Ltd.; Profit, £88,381 ; balance brought forward, £20,852; deduct two dividends (No. 7 and 8), £37,500; depreciation, £26,575; reserve for replacement of bucket dredge, £5500; transferred to general reserve, £10,000; balauee carried forward, £29,658. Previous year’s profit, £53,976. Colombo Tea Auction By Telegrapn—Press Association. Dunedin, July 28. Jlr. L. M. Wright has received the following cabled report on the Colombo tea auction of” July 27 : —At. yesterday's sale of li million lbs., common teas were firm at last week's quotations, while medium and line teas were firmer generally. One and a half million lbs. are catalogued for next week’s auction.

Meal Woo] Hide* and skins £ 13,450,457 ........ 15,787,209 2,040,800 Other by-produets (tallow'. etc.) ■ . 1,351,959 Total value £33,230,425

1036-37. 1935-36. 1934-35. Offered (bales) 651,707 749,204 521,625 Sold (bales) 618,078 720,447 466,495 Sold (lb.) Total 220,635,530 252,208,708 160.750,583 proceeds Arc. price £14,707,780 £9,681,109 £ 4,366,442 per lb. 16.00(1. 9.21d. 6.526. Ave. price per bale £2?/13/10 £13/8/9 £9/7/2

Average Average Season. per 1 b. d. per bale. £ s. d. J 025-26 11.93 17 1 8 1026-27 12.66 IS 3 1 1927-28 16.89 24 5 0 1928-29 14.99 21 8 9 1929-30 8.59 12 2 2 1930-31 5.66 7 19 8 1931-32 5.27 7 10 9 1932-33 5.18 7 10 6 1933-3-1 11.32 16 S 8 1934-35 6.52 9 7. 2 1935-36 9.21 13 8- 9 1936-37 ' 16.00 22 13 10

,1 uly 20. July 27. October .. 33 id. 33fd. December .. 33£d. 33|d.