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COMMERCIAL.

The amount of revenue collected at the Custom-house on foods cleared to-d*y for consumption was LBl6 4s 6d. Business in the import market has continued quiet during the week. The only line that has met with special notice has been sugar, and in this staple there is great excitement. Prices in Australia have apparently advanced from L 8 to LlO a ton. There is very littlo sugar in this market, and the holders of the small parcels available are disinclined to quote in the meantime.

Mr E. R. Smith reports the sale of section 47, block 16, containing quarter-acre and having frontages to Moray place and Cumberland street, to Mr Alexander Burt for the sum of LBSO.

THE LABOR MARKET.

Mr Skene reports:—We are suffering the usual winter slackness always expected in June ; but a very short time now will put a very different aspect on affaira. Wages: Couples. L 65 to 1.75; shepherds, L6O; ploughmen, 20a to 17s 6d: laborers, 15s; cooks. 20s and 255: milkers 10s to 20s; boys, 5s to 10s; grooms, 15s to 20s; gardeners, LI 5s to 80s.

TERMS OF CREDIT,

The following are the terms of trading and credit that are to come into operation in the principal cities of the c.lony on July 1:

"Where Settlement is by dash.— A discount of 2& per cent, may be allowed from account, if paid not later than 20th of month following date of sale and delivery of the goods represented in such aocount. If payment is made after the 20th, and on or before the end of such month. 2 per cent, may be allowed.; but after the end of suoh month no allowance or disoount shall be made.

Where Settlement is by Bill or Promissory Note.—For goods sold and delivered during any month, bills or promissory notes shall be drawn at tnreo months from first day of month following sale and delivery of such goods. Any single invoice may be drawn for by bill at four months from date of invoice, or date of delivery from ship if suoh goods have to be landed. Drawing dates may be averaged, provided the total credit does not exceed the terms above stated. There shall be no dating forward of invoices. Interest at the rate of 10 per cent, per annum, cost of stamp and exchange, shall bo charged on all renewals. Where Goods are Sold in Bond.— All cash advanced for duties on account of buyer must be paid on the following Monday, or, at latest, within one week from date of invoice, together with all bond charges incurred—viz., bond delivery, weighing, regauging, and cartage, with exchange; and failing cosh payment, interest at the rate of 10 per cent, per annum shall be charged until payment. A substantial penalty is provided for infraction of any of the above rules. Disputes relating to alleged breaches are to be determined by tho Committee of the local Chamber of Commerce, and withdrawal from the agreement can only be obtained on giving four months' notice to the latter body. The above terms do not apply to drapery.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18890615.2.30

Bibliographic details

COMMERCIAL., Issue 7934, 15 June 1889

Word Count
518

COMMERCIAL. Issue 7934, 15 June 1889

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