"IN CONFIDENCE"

Evening Post, Volume CXXV, Issue 145, 22 June 1938, Page 14

"IN CONFIDENCE"

BOOTS' AMBITION

TRADE IN NEW ZEALAND

(From #Tho Post's" Representative.) LONDON, June 4. "Boots have an ambition, which I will confide to you, of one day being allowed to trade in New Zealand on the same lines as we have attempted in the Home Country," said Viscount Wolmer at a luncheon to celebrate the jubilee of Boots Pure Drug Co., Ltd., this week. He extended a welcome to Mr. W. J. Jordan, High Commissioner for New Zealand. "I hope that Mr. Jordan will be able to tell us how far that ambition is likely to be realised," Viscount Wolmer continued, "I hope that the High Commissioner will be able to make a study of Boots, of the factories in which our people work, the shops in which they serve, the hours that they put in, the remuneration they receive, and the pensions to which they are entitled. When he has been able to make that exhaustive study, I hope he will tell his colleagues in New Zealand frankly whether he thinks we are At to be allowed to trade freely in that great Dominion. I can assure him that for our part we desire, with the help of New Zealand capital, and New Zealand labour, to do what in us lies to promote inter-Im-perial trade, for we are anxious that the produce of our great Dominions should have a free and preferential market in the Home Country. We ave all anxious, and only too delighted, when there is a chance of promoting the welfare of one of the great portions of our Empire, because we know that as one part of the Empire grows in strength so does the whole.' Mr. Jordan, in his renly. thanked Viscount Wolmer for his reference to New Zealand and congratulated the firm of Boots on its record. It was already represented in New Zealand and in 1936 it had been referred to in the House of Representatives as a good firm with which, no fault could be found. Within a few months of Boots opening up in New Zealand the Dominion Government introduced legislation and established the very things that Boots had already done in Britain, so-that it could be said, "What Boots does today, New Zealand does tomorrow." ~'.„* "Viscount Wolmer hopes that Boots will be allowed to expand operations in New Zealand," Mr. Jordan continued. "I am unable to say what is happening there at this moment, but all the indications are that in a very little time they will expand their operations at least 100 per cent. "We trust that as time goes on Boots will expand as the Empire expands because, by the way it treats the public, as well as its servants, it is entitled to the fullest measure of prosperity. Mr D. Henderson, Boots manager in New Zealand, was among the guests. He returns to Wellington in September via America.

GENERAL RISE

PRICES,OF BASE METALS

(By Telegraph.—Press Assn.—Copyright.) (Received June 22, 11.30 a.m.) LONDON, June 21. The official London (middle) quotations, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows:- June2o June2l

PRICE OF GOLD x 'fny Telejrraph-Press Assn.-Copyright.) (Received June 22, 10 a.m.) LONDON, June 21. The price of fine gold per ounce, 140s 9d.

s. d. June 18 140 10 June 17 140 101 June 16 140 10 June 15 140 9 June 14 HO 8 June 13 140 61 June 11 140 7 June 9 140 61 June 8 HO 5 June 7 HO 7 June 3 140 9 June 2 140 -8 ' June 1 140 71 May 2 139 61 April 1 140 01 March. 1 139 91 February 1 .......... 139 7 January 3 139 5

Highest price in 1937, March 6, 142s 71d; average price in 1930, 85s per oz. DOLLAR AND STERLING (By Telegraph—Press Assn .—Copyright.) (Received June 22, 10 a.m.) LONDON, June 21. Sterling exchange, London on New York, 4.96 3-16.

MINING SHARES. (By Telegraph—Press Assn.—Copyright.l (Received June 22, 11.30 a.m.) LONDON, June 21. Sales of mining shares include:— Mount Lyell, 18s 3d; New Guinea, IOJd. DREDGING SHARES IN LONDON. (By Telegraph—Press Assn.—Copyright.) (Received June 22, 11.30 a.m.) LONDON, June 21. Share Quotations:—Clutha River, buyers Is 7|d, sellers Is lOJd; Molyneux River, buyers Is lid, sellers Is 41d. RIMU DREDGE RETURN. (By Telegraph—Press Association.) HOKITIKA, June 21. The Rimu dredge return is 258.450z from 46,381 cubic yards worked in 133 hours. HUME STEEL DIVIDEND. The Stock Exchange has received a cable from Hume Steel, Ltd., to the effect that the company is paying on July 14 the half-yearly dividend on 71 per cent, cum pref. shares,

Per ton. Per ton. £ s. d. £ s. d. Copper— „ ,, Standard, spot 34 14 41 36 .3 11 Ditto, forward 34 19 4i 36 8 11 Electrolytic .. 39 0 0 40 0 0 to 39 15 N 0 41 0 0 Wire bars .... 39 15 0 41 0 0 Lead — Spot 13 18 li 14 8 11 Forward ..... 13 18 li 14 8 14 Spelter— . Spot ........ - 13 10 Forward .... — 13 6 10J TinSpot 181 15 0 1.84 2 6 Forward .... 182 12 6 185 2 6 SilverStandard, per oz 183-I6d 1815-16d Fine 20 5-16d 20 7-16d

Dollars. June 20 4.97 3-16 June 18 4.97 1-16 June 17 4.97i June 16 4.971 June 15 4.97 5-8 June 14 4.965-8 June 13 4.94J June 11 4.96* June 10 4.95J June 9 4.95 ' June 8 4.95 3-8 June 7 '4.94J June 3 4.94 3-8 June 2 4.94 5-8 June 1 4.94 7-8 May 30 4.95 5-8 May 2 4.98 11-16 April 1 4.96 5-8 March 1 5.02 February 1 5.019-16 January 1 5.00 5-16