MacDUFFS, LTD., DIVIDEND

Evening Post, Volume CXXXIII, Issue 46, 24 February 1942, Page 7

MacDUFFS, LTD., DIVIDEND

The directors of Mac Duffs, Ltd., will recommend payment of a H per cent, dividend on preference shares for the 12 months ended September 30, 1939. TIMBER TRADE. The State Forest Service reports imports of timber during December as follows:—Australia, £53,786, including £35,105 for sleepers; Canada, £1170; United States, £4680; Dominica, £104. Exports to Australia of riniu, matai, beech, and white pine amounted In the aggregate to £15,690, and pinus insignia to the value of £346" was exported to Pacific Islands. GOLD DREDGE RETURNS. Red Jacks wash-up was lOOoz for 20,000 yards for week ended February 20. Argo Gold return, 30oz for 121 houis and 13,000 yards. FOREIGN EXCHANGE RATES. The Bank of New South Wales quotes telegraphic rates of exchange (New Zealand currency) on overseas centres as follows: — On. Buying. Selling. London, £ to £atff.lOO . 124 7 f. 125 0 0 Australia, £A to £100 100 1(» 0 100 0 0, Fiji. £F to £100 .... 90 0 0 88 12 G S. Africa, £ to £SAIOO ,128 0 0 125 .5 0 Xew York. dols. to £1 3.2512 3.2050 Montreal, dols. to £1 3.6039 3.5290 Java, fins, to £1 .... 6.187 5.004 hidia, Ceylon, d. to rupee 22 3-16 22?; Rhodesia, £ to £RIOO . 124 0 0 126 0 0 DOW JOKES AVERAGES. (By Telegraph—Press Association—Copyright.) NEW TORK, February 21. Dow Jones (1926 equals 100):— 20 30 ■ Shares Rails. Indus.' sold, Feb. IS 28.30 105.99 370,000 Feb. IS 27.50 105.35 340,000 Feb. 18 27.58 105.57 1550,000 Feb. 20 27.56 105.10 330,000 Feb. 21 27.69 105.38 210,000, Industrials. 19-11: High 113.59: low, 106.34 CHEESE IN DEMAND. "There is no doubt that Britain needs cheese—l6o.ooo tons were asked for from the Dominion, and on present indications wo will be able to supply 154,000 tons." said the Minister for Agriculture, Mr. Barclay, speaking at Maungatapere. He added that the 6easou had been poor as far as production was concerned, so the present estimate of 154,000 tons had to be considered satisfactory. "Every ton of butter turned into cheese reduces the liability of this country," he said. Mr. Barclay added that there would probably be a considerable carry-over of butter in the Dominion this season. Thia would be the liability of the Government after two months in store. WILLIAM ADAMS DIVIDEND. William Adams and Co., Ltd., Sydney, ftdviae the New Zealand Stock Exchange that greatly increased taxation will have to be provided this financial year: but after taking everything into consideration, it ha*? be6n resolved to pay on Mar^h 2 an Interim dividend on ordinary .shares at the fate of SV^d per share. FINAL RESULTS OF WOOL SALES. L'utiJ a woo) season is completed, state Winehcombe, Carson, and Co., Sydney, it is Impossible for the Centra) Woo) Committee to compile statistics showing the itmount of the adjustment payment which will be paid to bring the average appraised price of the Australian clip up to the contract rate of 13.4375 d per lb. That is unavoidable, but it has a considerable bearing on the average value of a cheep* owner's production. The grower's arerajj* figure Is worked out on actual results secured at appraisement, but each year an adjustment payment 13 made as soon as possible after] June 30. Last season that distribution, apart from the 5 per cent retention money, was 11 per cent. That means. If the appraised value of a clip was lid, the actual season's average with the adjustment payment was nearly 12 x4d. Similarly a clip averaging 12d, actually averaged over 13*4 d. and a 14Vad clip slightly over IGd. The final result puts a different complexion on the.year's figure, and needs to be borne in mind when viewing prices and In calculating the returns per head from the sheep. 1

Nortliern Koller Milliug Co.. Ltd., Auckland, will pas' a final dividend on preference shares of 5 l-o per cent, por annum on March ".

Fire which broke out in a 4-roomed wooden house at 23 Gorge Road, Kaiwarra, at 9.24 a.m. today, is believed to have been caused by a spark from a neighbouring chimney. The outbreak was extinguished before any great damage had been done.