STOCKS AND SHARES.

Evening Post, Volume CXV, Issue 129, 3 June 1933, Page 14

STOCKS AND SHARES.

PERKY AND DIGGES SMITH, Stock and Sbarebrokers, National Bank Buddings (opp. G.P.0., Wellington), Members Wellington Stock Exchange. Cables and Telegrams "Ennesperry." S GEORGE NATHAN. AND "CO.. • Sharebrokers, 105 Customhouse Quay. Members Wellington Stock Exchange. Telegrams, "Beta," Wellington. MINING HOUSE (N.Z.), LTD.. CHRISTCHURCH. ■ , FOR Investments in sound, ■ thoroughlytested Gold Mining Propositions. North Island Representatives, .•> HEWITT AND CO., Nathan's Buildings, Grey Street. Box 901. Tel. 41-751. Prospectus of latest Share Issue Tvill be feenfc on application,...

large portion of their output to satisfy inter-district and inter-factory jealousies." A remit asking for endorsement of the principles of the Sinclair scheme will be put to the conference, when delegates will have an opportunity of considering the matter in all its aspects. LONDON EXCHANGE. "The decision to raise the rate of exchange—New Zealand on England—to 25 per cent, came into effect on January 20, and severe criticism has since been levelled at the Government for its action by interests adversely affected by this movement. Most objectors have apparently overlooked or ignored the underlying reason for the higher rate and failed to appreciate the full gravity of the farming collapse which threatened the country at the time the decision was made. The rapid slide in produce values had precipitated a crisis which involved not only the farmer but the community as a whole, and faced with the menacing shadow of a complete rural collapse, the Government is to be commended for the prompt action it took to alleviate a situation which was becoming desperate in the extreme." THE QUOTA A BOMBSHELL. Results of the Ottawa Conference' are outlined in the report, and the opinion is expressed that there will now be no unnecessary delay in giving effect to the recommendations of the Tariff Commis-. sion, recently set up. Then follow references to the restriction of dairy produce exports to Great Britain. The quota idea is described as coining as .a bombshell so ,soon after the Ottawa Agreements had been made. It is admitted that "there is room for considerably increased consumption of milk and milk products within the Dominion, and even although this market is necessarily limited by. our small population it must be explored to the utmost in order to relieve to some extent the pressure on our export trade. It will not, however, solve our troubles." The Dairy Board's rejection o£ restriction of exports is fully endorsed in the report. Notwithstanding the "ably presented" ' arguments' of Mr. Coates in favour of restriction, states the report, "the principle of restriction cannot well be accepted until every alternative has been exhausted." The conference will be addressed by Mr. W. M. Singleton, Director of the Dairying Division, on "Some Aspects of the Dairy Industry," by Dr. Marsden on "The Future of the Dairy Industry," by Professor- Riddet on "Dairy Research Work," and by Mr. Dynes Fulton, actingchairman of the Dairy Board. Some legal matters as affecting the industry will be the subject of an address by Mr. W. H. Cunningham, solicitor to the association.