MONETARY AND COMMERCIAL

Daily Southern Cross, Volume XXVI, Issue 4062, 29 August 1870, Page 2

MONETARY AND COMMERCIAL

Mr. Or. Sibbin held a sale of produce at us mart, Queen-street, to-day. There was awge attendance, and the following prices cere obtained ;— Maize, 5s ; sharps, 7s 9d o 8s; flour, 13s 6d ; potatoes, £2 10s to J3 ; tea, 2b 4d to 2s 4R Mr. B. Tonks reports the following prices ealised s zp his sale of provisipns to-day •— ?otatoe0 # S2XO» to £3 ; bacon, lOd ; hams,

, Oil ; cheese, lOcl ; oatmeal, 3d ; butter, scl to 9d ; rice, 2cl ; port wine, 22a ; bottled vinegar, Oa. TLo followiug is the eleventh annual report of the Victoria Life and General Insurance Company and Savings Institute :— " The directors of the Victoria Life and General Insurance Company and Ravings Institute beg leave to submit their eleventh annual report and balance-sheet, duly certified by the auditors. Your directors have to report that during the past year the business of the company has increased, especially in the Life Department. New sources of revenue have been developed, and the prosperity and stability of the Life Assurance Department permanently established. The balance to the credit of profit during the year amounts to— In the Life Department, 12,8961. 17s 2d; and in the Insurance and Savings Branch, 6,035/. 7s Sd; together, 19,532*. 4s lOd. Out of this balance of 19,532/. 4s lOd, your dircctoia now declaie a dividend of 10 per cent, on the paid-up capital, which dividend will amount to 4,000/., and also a bonus of 2s per s,haic, which will amonnt to a like sum of 4,000/., making together 20 per cent, on the paid up capital, and amounting to 8,000/. The balance of 11,532/. 4s lOd will be carried to the credit of profit and loss. The dividend and bonus will be payable at the Head Office on and after to-morrow. Henry Creswiok, Esq., and Germain Nicholson, Esq., are the two directors who letnc by rotation, but are both eligible for ip-olection, and offer themselves accordingly. — Market - street, Collinsslioct Wet, Alol'ou.ne, July 2], 1870.— Hilan'o-shopfc, \ktbii,i Luc 'and General iu,ui tuce Comiuny and Savings Institute, 30th June, IS7O ■ To capital, 40,000/., less awoned to Life Hi .inch, 10,000/ —30,000/. ; Life Department-capital assigned, 10,000/.,' pi of it and loss, Life TJnnch, as under 75,81)3/ 17s Bd— S").Bo3/.1758d: deposits and int<M-est«, r>o,7">2/. 4s 7d : profit and loss, as undei-, 21,01-0/ J3s: total, 187,593/. 15s 3d. Bycasli.it bankers, 5,181/. 2s 7d, in secretary's hands 1,220' 105— (5,407/. ISs 7d ; mortga^j&andothersecurities, 121,700/ lGsld; debentures, 55,900/.; brandies, 2,498/. OsGd; oijiuc furniture, 1.090/. os. Id -. total, 157.596 J. ]<">>, 3d. — Pi-olit and loss, Deposit and Insmanco Bnneli : To iiic and marine and filial xutce re-msnranccs, returns, fee , S,)4'M. 1()S 10d; fire "and marine losses. 10, 539/. 17s 9d; charges, 3,403/ 9s Id ; balance, profit and loss carried forwarl. (>,6>)/. 7s 8d : total, 25,782/. lls 4d, By fire and marine and guarantee premiums, 25.814/. 19s Id; iutuiesfc account, 9,1 Wf. 4. lUd, less interest on life premiums, anil on capital assigned, G, 178/. 12s 7d : total, 25,752/. 11s 4d. To dividend— July, ISGO, 8,000/. ; balance carried forward, profit an,l loss, as above, 21,040/. 13s; total, 29,040/ 13s. By balance, brought down, 0,025/. 7s Sd ; balance, at Juno 30, 18,.1, 22,40")/. 5a 4d ; total, 29,040/. ]3s —Life Assurance Brauch : To charges, commissions, and re assurances, 3,12.1/ ns lid; claims, 4,185/ ; balance, cained forward, 1 2, So(>/ 17s 2,1: total, 20, 205/. Is Id P>y life piemiums, 14,030. 0s Od ; mtPio-,1 on premiums and on capital assigned, 0,17 ft/ 12,75: t0ta1, 20, 208/. 13s Id -To profit and loss Life Dopai tment, at June 30, 1870, as above. B">,SO'V 17s Sd By balance bioughldoun, 12.S0G' 17s 2d ; balance at Juno 'ID, 18(10, 72.9(;7/. 0s Gil: total, S\V)V 17sS(l. — Ff-;vm Mtlt,i:r, Ohainrian; Josi L >a Cum/ft, '>e>rcta.y.— We, the undersigned, ceitifv that avp have audited the books of the Viotona Life and General Insurance Company and Savings Institute, and that the above bilance-sheofcand account are true abstracts of the same, — also, that we have examined the mortgages and other securities and find them correct, and that 5,181/. 2s 7d stands at the credit of the company in the bankers' hands.— Henry N. Htr.t, Wrr.uur S^ivll, Auditors.—Melboarne, July 21, 1870." Cvt cttt \..—^Fes us. Mackionon, Mackenzie, and Co.'g Calcutta circular of July t states :—" Rice : As yet stocks are not sufficient) v lar^e to induce holders to lower their pi ice*,, although the demand has somewhat abated. Transactions bave only taken place in low qualities of late, fhiefly for upcountry consumption. We still quote seeta pt 3.10i5. tfi 3.12r5., and gross table at 3rs. to 3 ks. Sugar: Xothmg whatever doing beyond small purchases for local consumption. Cossipore No. 1, 3.Brs. per maunrl; No. 2, 12rs ; yellow grainy, 12gr. Cnnnies : There has been a very heavy dem.iud during the last few months, principally on American account, and, a. jute is now very scarce, supplies have been <.hort, and prices hive risen to limits which place business almost out of the question. Potato sacks, 25ia. Castor Oil : Seeds still icmain scarce. Quotations lemam from 11 Srs. to 11 12rs. per maund. Lines and Jute Twine : Our quotations of 10 Grs. to 12.Gis. for lines, and of 10.4r5. to lO.Srs. for ]ute twine, are nominal; prices declining. Coals : As supplies are large, and sales are becoming difficult, Australian would not now fetch more than from 13rs. to 13 Srs Fi eights are dull in the extreme, and agents arc holding back for higher rates. It is improbable however that any improvement will take place till produce begins to an ivc more freely from the interior. Few chartcs arc reported, and vessels on the berth are filling up but slowly. The following are latest quotations to London :—Sahpetio, 25r5.; sugar, 30rs. ; lice, 30.9r5.; linsesd, 37. Grs ; lapeseed, 42.Gr5. ; jute, 32.6r5.; cotton, 35is. Exchange: Bank bills on London at six months' sight, Is lid 3-16ths to Is 11 Jd." B\.tavi\.. — From Batavia wo have advices to Juno 24 :— " Flour will find buyers at f29 to f3O per bag. Cahfornian selling at f 24 per 2001b. The ' Jean Pierre' has arrived to the .steamboat company, and the ' Ellina,' ' Asta,' and ' Ncptunus,' to the open market The throe latter cargoes were sold to arrive atf 21, f 20, and f 19 per ton lespecfcively. Sandal * ood : Value in Singapore, 3} dollars per picul. Exchange : Documentary drafts on Melbourne or Sydney, at GO days' sight, ; maybe noted at f 11.30 per £."

Spirits Cigars Tobacoo , Tea ..* Sugar ... „, ... Coffee, Chooolate, &o. Goods by measurement Goods by weight ,„ Goods ad valorem ... All other kindß Daes £51 IS 10 29 5 11 15 17 G 13 12 6 17 3 3 13 0 0 92 13 1 30 3 8 10 0 6 5 0 31 6 5 Tot»l £301 16 2

Daily Southkrn Cross Office, Saturday Evoning. The Customs revenue received to-day was as follows :—