COMMERCIAL.

Evening Star, Issue 12524, 7 June 1905, Page 6

COMMERCIAL.

AUSTRALIAN PRODUCE REPORTS. Press Association—By Telegraph—Copyright. (Received June 7. at 10.27 a.m.) SYDNEY. June 7.—Wheat : Chick, 2s lid to 3s; milling. 3s 3J,d. Flour, £7 10s to £7 15s; Manitoba. £l4. Oats : Tasmanian white feeding, 2s 5d to 2s 6d; Melbourne Algerian, 2s Id to 2s 2d. Bar-’ ley : English, 2s 2d; Cape, 2s 7u to 2s 9d. Maize : Prime, 2s 6d. Bran, lOd. Pollard, lid. Peas : Blue, 4s to 4s 3d. Potatoes : Tasmanians, £5 15s. Onions : Victorian. £l3. Butter, 9d. Cheese, od to 7d. Bacon, 6£d to 7d. (The above quotations are ttiose ruling between merchant and retailer, and do not represent the slightly lower values obtained by the recognised broker.) MELBOURNE, June 7.—Wheat. 3s 3d to os 4d Flour. £7 5s to £7 15s. ' Oats : Mdhng Is 8d to Is 9|d; feeding, Is 5d to Is 7d. Barley : Malting, 5s Bd. Maize, ,6(1. Bran. 10J,d. Pollard, llfd. •F 0^ 065 ’ 6° Onions, £l2 10s to £l4. ADELAIDE, Juno 7.—Wheat, 5s 4d. Ftour £7 10s to £7 15s. Bran. Pollard, Is Id. Potatoes, £6 to £7. THE BANK OF NEW ZEALAND. WELLINGTON. June 7. The balance-sheet of the Bank of New Zealand for the year ended 31st March last states that the profats, after providing for the expenses of management, bad and doubtful defyts, the annual donation to the officers’ provident fund, and for payment of a bonus to the staff, are £320,908. From this has to lie deducted interest on guaranteed stock, £51,977. From the Balance the directors have taken £12.500 -for depreciation of bank premises and furniture, and £2,500 for the reduction of the Colonial Bank property, leaving a net balance of £253,930, which it is proposed to dispose of as follows ; To statutory payment to the Assets Board, £50,000; payment of a dividend

of 5 per cent, on £500,000 preference shares, £25,000; and a dividend of 5 per cent, on the share capital, £22;618, leaving a surplus payable bo the Assets Realisation Board of £156,31 L The balance-sheet of the Bank of New Zealand further shows the coin and cash balances to be. £2,0-0,114; bullion, £04,00Z; money at call and on s-ort notice, Government securities, and other securities in London, £6,161,770; bills reraivable in London, £1,184,531; colonial Government securities, £844,131; New Zealand municipal securities, £28,653; Assets Board debentures, £i,382,500; bills discounted, £2,005,480; other advances, securities, and debts due, ±ib,2il,oad; wnded property and premiums, £333,424; Bank of? New Zealand Estates Company ‘assets in liquidation,” £62,830; and Colonial Bank premises, £3,839; total ni 6 pio 2 4n 4 '/- Liabilities Capital’ £1,952,070 (including one million of guaranteed stock and half a million, of preference shares); reserve fund in New Zealand Consols £43 897 notes in circulation, £-84.171; bills payable, £1,022,405; feof' £12,190.647; other liabilities, , . , lh , e gross profits were £509,130 . roai which have to be., deducted expenses of management £188,222, leaving a balance of £320,903. 3