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COMMERCIAL.

. The amount of revenue collected at the Custom* house nn eoods cleared for consumption to-day "w ß r£s6S7s 2d.

The Customs dnty for October amounted t0.£29,340 .£29,340 13s lOd, and the beer duty to £1,309 3s: lid. For the corresponding month of last year' the Customs duty was £3J,6w) 17s 9d, and the beer duty £1,203 5s 7d. \ . The annual report of the Commercial Property' and Finance Company reads thus:—The p*ofit» for the year, after deducting interest paid and. accrued on deposits, rebate on bills r expenses off management, and providing for ascertained losses, amount to £1,127 17s ; to which has to.be aflde* balance from last year, £495 12s 2d; total, £1,623: 9s 2d, Which the directors recommend t». bev dealt with as follows:—To dividend at the rate of 5 per cent, per annum, £61917s 6d; to amount to. h°. carried forward to new profit hnd loss account.: £1,003 lis Sd. Our busin ess, which has steadily progressed during the past few years, has still furtherimproved during the twelve months ended 30tb> ult., and we are hopeful that similar success will attend the efforts of the management in the future. We are glad to be able to reco4u.ro.end an increased dividend, and at the same time PMry forward a substantial amount, which, we trugt, will ere lonjr form the nucleus of a reserve fvwl, ' MINING NOTES. -Mr Reeves' reports 22oa'16dwt of gold froa* Enterprise dredge for this week, ■ The Pleasant Valley Gold Mining Company (Roxburgh) washed down on Thursday for 430* djdwt for two weeks' work. The following dredging returns for the week ar* reported in the Roxburgh paper :—Qtago, 17o*;Golden Gate, 12oz lldwt; Golden Treasure, lOtoiY Bengerburn (in tail race, comin? up to the claim). lOoz.

Mr J. H. Walgth has been appointed manager of the Roxburgh Amalgamated Company's mine* and took charge at the beginning of this week. ■ ;■ ~

THE FROZEN MEAT TRADE

On September 16 (writes our London correspondent) a meeting of the Australasian Frozen Meat London Committee was held, mainly with a vieW' to keeping alive the organisation—which may prove of use some day—in compliance with the desire of the parent Association in Sydney. There" were present representatives of Dalgety and Co., Sanderson, Murray, and Co., the C. C. and D. Company, the New Zealand Loan and Mercantile. Mder, Smith, and Co., the National Mortgage and Agency of New Zealand, the Australian Mortgage and Agency, the Scottish Australian Investment, Bank of New South Wales, the Commercial Bank* inp Company of Sydney, the Union Bank of Aub- ■ tralia, G. S. Yuil and Co., Dangar, Grant, and Co.. and Mr Thomas Mackenzie, of the New Zealand Farmers' and other co-operative societies. After. - some discussion upon the current features of the - trade, particularly concerning the questions of combination and concentration and damage to. meat cargoes, the following resolution was passed:, —"The Committee desire to place on record their' satisfaction that the principle of concentration of shipments advocated by the Committee has been accepted by .the Australian Meat Export Association, and they recognise- that in .the able report of his mission submitted by Mr Twopeny to the. Association this important factor has been prominently set forth." During the meeting Mr Mackenzie brought up what has become an important question of late in connec. tibn with frozen meat from New Zealand. . A number of the steamers fiom the colony have recently been calling at Buenos Ayres, and there shipping live cattle. It has been noticeable that the meat cargoes of these boats have turned out in poor condition, as much as 90 per cent, in some parcels failing to pass without a rebate being demanded on it. The underwriters and a number of the big people have decided to taboo all steamers calling at Buenos Ayres aDd taking cattle. This course was looked upon with favor by the meeting. THE LABOR MARKET. Mr Skene reports.: Country work is almost at a standstill. . \Vc are now getting a little, too much of a good thing. Dairymen are disconsolate. The" very cows are on strike. We must keep up our pecker. The new month will bring sunshine and plenty work, fine crop 3, and good wages.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18971030.2.32

Bibliographic details

COMMERCIAL., Evening Star, Issue 10458, 30 October 1897

Word Count
693

COMMERCIAL. Evening Star, Issue 10458, 30 October 1897

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