COMMERCIAL.

Evening Star, Issue 14633, 1 August 1911, Page 3

COMMERCIAL.

Silver is quoted at 24 £d per oz

THE WHEAT MARKET. Press Association—By Telegraph—Copyright. LONDON. July 51. (Received August 1, at 9.7 a.rn.) Thy total quantity of wheat, and flour afloat far the United Kingdom is 2.900.000 quarters, and lor the Continent 1,455,000 quarters. The Atlantic shipments are 136.0C0 quarters, and the total supplies are Europe, 1,000,000 quarters; the Argentine, 134,000 quarters; Russia, 320.000 quarters; Danubian provinces, 100.000 quarters; India, 182.000 quarters; and Anstraiia., 45,000 quarters. NEW SOUTH WALES EXPORTS. Press Association—By Telegraph—Copyright. SYDNEY, August 1. (Received August 1, at 8.55 a.m.) The value of New South Wales exports of silver, lead, copper, tin, and coal for the half year is £5,559,000. an increase of £579,000, as compared with the same period of last year. PROSPEROUS NEW ZEALAND BANK. [From Ore Special Cobeespoxdext.] LONDON, June 25.

When flip directors and shareholders of the National Bank of New Zealand assemble on July 4, at 17 Moorgato street. London, to receive the report and accounts for the year ended March 51 last, there should be an air of contentment about them. The National has had another prosperous year, and the net profit (including last year's carry forward of £17,909 14s 3d), after providing for bad and doubtful debts, amounts to £124,000 10s 9d. The interim dividend at. the rate of 12 per cent, per annum, paid in January last, ahsorbed £22,500. £IO.OOO lias been placed to premises account. £7,500 to reserve for depreciation of investments, and £6,000 appropriated to pay a bonus on the salaries of the staff, leaving now available for distribution £78,004 10s 9d, out of which the directors propose to pay a dividend at the rate of 12 per cent, per annum for the half-year ended March 51 last (£30,000). a bonus of 1 per c ent. (£5.000), to place to the reserve fund (which will then stand at £480,000) £20.000. and to the officers’ pension fund £3,000, and carry forward £20.004 10s 9d. By the issue of 60,000 new shares at a. premium of £1 5s per share, to which reference was made in the last report, the paid-up capital of the bank was increased from £375,000 to £500,000, and the reserve fund from £597,500 to £460,000. Two directors retire on the present occaaion (Mr Edmund Charles Morgan and the Hon. Pember Beeves), who, being eligible, offer themselves for re-election, as do the auditors (Messrs Wclion, Jones, and Co.).