COMMERCIAL.

Evening Star, Issue 8719, 11 January 1892, Page 3

COMMERCIAL.

The amount ol revenue wliected at tho Custom-house on goo lit cle-red te-day fo; o •mmirmMon was X■!,3G6 14a 2d, The Westport coal export for last week was 4,715 tons—viz , 1,450 tons from the Waimangaroa Mine, and 3,265 from the Ooalbrookdale. The Greymonth coal export for the week was 3,027 tons. The annual meeting of the New Zealand Insurance Company takes place on Wednesday. The following report has been issued to shareholders : “ The directors have pleasure in submitting to the shareholders the statement of accounts for the year ended 80th November, 1891, which, after paying an interim dividend in J aly last, of 2s 6d per share, shows a balance to the credit of profit and loss of L 30.256 18s, which your directors recommend should bo appropriated as followsTo payment of a dividend at tho rate of 12J per cent, per annum, L 12.500; transfer to investment fluctuation account, L 10.000; balance carried forward to new account, 17,758 18s; total, L 80.256 18s. The directors regret having to report an unexpected depreciation in the value of tho company’s investments during the past year. The balance at credit of profit and loss, after a 12J per cent, dividend, would have been sufficient to cover the shrinkage, but the directors are of opinion that the whole of It cannot fairly bo charged to the one year’s earnings, and they accordingly recommend that in addition to tho Investment fluctuation account, after writing off from this account a’l the ascertainable depreciation, there will remain, in your directors’ opinion, ample provision for every possible contingency. The accounts this year show the Auckland Oily leasehold as a sep-rate asset, the revenue from which still continues disappointing. A sinking fund has established, which will redeem tfce outlay seme years before the expiration of tho lease. Tho directors with unfeigned sorrow have to record that during the past year they have sustained a very great loss in the death of Mr G. G. Pierce, who for more than thirty years was their chief executive officer, and whoso ripe judgment and skilful administration contributed so largely to tho sucoosr of the company. 1 ’ THE LONDON MARKETS. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following telegram from their London office, dat d Bth Inst.Tallow: Good tallow Is ready of sale. Fine mutton is worth 26a 9d and good beef 25a 9d per cwt. Frozen meats : Mutton market firmer. Canterbury mutton Is worth per lb. Beef market has an upward tendency. New Zealand beef—Forequarters BJ, 1 per lb, and hindquarters 8§ i per lb.” MINING NOTK3. The only return from Reofton last week was from tho Globe Mine—3os'.z amalgam Lom 180 tons of stone. The secretary of tho Sandhills Gold Mining Company, Limited, reports 17cz Idwt of gold for last week’s dredging.