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COMMERCIAL.

The amount of revenue collected at the Custom-house on foods cleared to-day for consumption was LBIO 5b Od. COLONIAL INSURANCE COMPANY. At the annuel meeting of the Colonial Insurance Company, held at Wellington yesterday afternoon, the report and balance-sheet we f e unanimously adopted. Shareholders generally spoke favorably of the company, except Mr Warnock (of Auckland), who Baid that Auckland shareholders were dissatisfied at the company paying no dividend for four yearc, and therefore thought that tfie management was bad. Messrs J. Kirkcaldie and G. M. Kebbell were re-elected directors Hearty votes of thanks were passed to the directors and officers. [By Telkgbaph,] Auckland, May 16.—The flax industry is receiving great attention at Te Aretha, and several new mills are in course of ereotion. The price for the flax ranges from 9d to Is 6d per ton for green leaf, and it is said that, should this rate be maintained, the export trade will speedily assume gigantic proportions. Valuable coal seams of great depth have been discovered between the Putuputu and Whangarei districts. Sydney, May 16.—The wheat imports for the month exceed requirements, causing a downward tendency, especially of New Zealand round-berried samples.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890516.2.29

Bibliographic details

COMMERCIAL., Issue 7908, 16 May 1889

Word Count
194

COMMERCIAL. Issue 7908, 16 May 1889

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