COMMERCIAL.

Evening Star, Issue 15072, 2 January 1913, Page 6

COMMERCIAL.

The Commonwealth Government are importing two and a-quarter millions each of pennies and half-pennies.

The South Australian revenue for the half year increased £16,223. Silver is quoted at 29£ d per oz. The Western Australian revenue for the half-year was £1.868.708. a decrease of £303>5. ' ; ' Mr Bruce Ismay retires from the presidency of the International Mercantile Marine Company on June 30. Mr Harold Sanderson, formerly manager of the White Star Line, and chairman of the Shaw, Savill and Albion Company, will succeed him. The shipbuilding firm of Swan and Hunter have arranged a merger with Messrs Barclay, Curie, and Co., of Glasgow. The output of the two companies is 220,000 tons yearly. The Tasmanian Government are arranging for the issue of a 4 per cent, loan of £i,30Q,000 at 99. The Sydney ' Daily Telegraph' estimates that the commercial prospects of the State for the new year are fair. The chances are that it will be a better season than last, while the harvest will be equal to that of last year. The greatest drawback is the scarcity of labor. The New South Wales revenue for the half-year ended December 31 was £7,267,173—an increase of £208,156 over the corresponding period of last year. There were 395 bankruptcies in New South Wales in 1912. The liabilities were £210,503, and the assets £153,632. During 1912 8,674 new motor vehicles were licensed in New South Wales. The Sydney bank clearances last year amounted to £330,621,000—an increase of £26,133,000 over 1911. In Melbourne the clearances were £303,463.000 —an increase of £13,349,000. BRITISH REVENUE AND INDUSTRY Press Association—By Telegraph—Copj-right. LONDON, January 1. (Received January 2, at 8.30 a.m.) The quarter's revenue total £41,773,045, the Customs contributing £9,391,000, Excise £11,739.000, and Stamps £2,607,000. The census of production dealing with 1907 is completed. The industrial output of the United Kingdom is estimated at £1,765,000,000, whereof £400,000,000 is exported. The.total income of the country is £2,000,000,000. INSURANCE IN JAPAN. Press Association—By Telegraph—Copyright. TOKIO, December 31. A new insurance ordinane to protect the local life and marine insurance companies has been gazetted. It is of a stringent character,- and compels foreign companies to increase their initial deposits with the State, plus a deposit of 60 per cent, of the reserves.