COMMERCIAL.

Evening Star, Issue 14513, 3 November 1910, Page 6

COMMERCIAL.

Wo understand that the directors of tho Dunedin Starr-Bowkett Society have decided to recommend tho institution early next year of a third group. AMUR I CAN TEL EPIION ES. Press Association—By Telegraph—Copyright, SYDNEY, November 2. Mr Brain, who was commissioned by tho Government of this Slate to report on the American automatic telephone system, states that it is much more satisfactory than the common battery. THE MARKETS. LONDON, November 2. Press Association—By Telegraph—Copyright. (Received November 5, at 8.55 a.m.) The supplies of copper arc 39,437 tons, deliveries 44,975 tons, sleeks 88,422 tons, afloat 7,309 tons. Tin: Stocks, 18,387 tons: spot, 7,694 tons; afloat, 4,816 tons; deliveries, 2.551 tons. At tho tallow sales 790 casks were offered and 565 sold. Prices were unchanged. NATIONAL INSURANCE COMPANY. The directors’ report far tho year ended September 30 last states that the net revenue for the year amounts to £144,874 8s Sd. After paying an interim dividend of £7,500 there is a surplus of £28,536 0s lid, to which has to be added balance from last year £50,361 14s. Tho directors have added to reserve fund £20,000. They now recommend tho payment of a further dividend of one shilling per share (making the total distribution for the year Is 9ci per share), which will absorb £IO,OOO, and to carry forward £28,837 14s lid. SOUTHERN STAKR-BOWKE'IT SOCIETY. The fourteenth annual report for tho year ended September 19 last states: Group No. 1. —During the year subscriptions on fifty-nine shares were withdrawn under Rule 72 by members who had repaid their loans. The share list now stands at 1,053, of which 478 shares (ninety-six clusters) are unappropriated. Eighteen appropriations were disposed of—twelve by ballot and six by sale. The. total loans granted in this group to 14th September amount to within £IOO of £IOO,OOO. The profit and loss account stands at tho particularly satisfactory credit of £9,413 Os 7d, being equal to nearly £9 per share, ami it is pleasing to not© that the amount exceeds tho total premium realised for the past fourteen years —viz., £9,277 5s 6d. Group No. 2. —-During tho year 128 shares were issued, bringing the share list up to 1,850, but of which, unfortunately for thoso concerned, tho holders of sixteen shares allowed their subscriptions, amounting to £lO 6s, to be forfeited, tho amount being carried to the credit of profit and loss account; 242 shares were withdrawn under Rule 35, and the share list carried forward on 14th September, 1910, stood at 1,572. Although the society can receive applications for shares (provided the 2,000 is not exceeded) during tho next year, shareholders are urged to assist in disposing of the remaining 428 shares, and thus advance their own interests by making the appropriations more frequent. Ten appropriations—five by ballot and- five by sale—were disposed of, making a total of £17,800 already lent out in this group. A continuous demand for loans on good mortgage security has kept the premiums at a high rate, and tho shareholders arc to be congratulated on the splendid position disclosed by the accompanying statement of accounts, the profit and loss account having a credit balance of £3,734 16s lOd.