COMMERCIAL

Evening Star, Issue 19713, 14 November 1927, Page 5

COMMERCIAL

P. AND 0. DEFERRED STOCK. Pres* Association—By Telegraph—Copyrigi \ LONDON, November 11. P. and 0. Deferred Stock is quoted at £265. PATERSON, LAING, AND BRUCE, j LONDON, November 11. Paterson, Laing. and Bruca have declared a dividend of 7$ per cent, and »■, bonus of 6d per share, tax free. LEAD IMPORTS AND EXPORTS. J LONDON, November 11. j Tlio lead imports were 19.811 tons, | of which 0,254 tons came from Aua-j tralia. The exports were 1,409 tons. CHICAGO WHEAT, \ NEW YORK, November 12., Wheat: December, 127|- cents pefi bushel; March, 133 j; May, 134’, IMPORTS AND EXPORTS. LONDON, November 11. 1 The imports for tho year decreased by £5,963,000, and tho exports increased by £7,990,000, while tho reexports decreased by £914,000. Tho principal increases in imports werot Grain and flour, £1,658.000; dutiable food and drink, £1,445,000; and wood and 'timber, £1,501,000. The principal, increases m exports were: Coal, £3,470,000; iron and steel manufactures, £1,820,000. The decreases in imports were: Coal, £7,713,000: raw cotton, £1,945,000; non-ferous metals, £1,403,000; and oils, £1,521,000. COTTON, RUBBER, ETC. LONDON, November 12. Cotton.—December, 10.52 d per lb. Rubber. Para, 15d; plantation smoked, 17|d. Jute.—Novcmbcr-December, £29 12s Od. J letup.—Novcmber-Doccmber, £34. Copra.—Novcmbcr-December, £27 2s Gd. I linseed oil, £3O. Turpentine, 355. Lambs.—Canterbury, seconds, BJd; other selcctcds, light, 9 2 l d; North Island firsts, medium, 9Jd; seconds, Bjffl; Australian, Victorian seconds, Sjd; other Stales, 810; thirds, 7 {A ; Argentine firsts, light 810, medium 7Jd; seconds, 7 R:1. Frozen Beef.—Now Zealand fores,3RI; Australian binds, 4 15-lCd; Argentine fores, 4<l; hinds, 5Jd. Chilled Aigcntine fores, 4jd; hinds, 7d. The others were unchanged. CANADIAN WHEAT CBOP. OTTAWA, November 11. The Bureau of Statistics estimates tho 'Canadian wheat crop at 444,282,000 bushels. MORTGAGE TRUST AND BOND CORPORATION, LTD. j The statutory meeting of tho New j Zealand Mortgage Trust and Bond Cor- ■ poration, Ltd., Company was held in the Chamber of Commerce rooms on Wednesday evening, when there was a large attendance of shareholders. Mr A. Ellis, chairman, stated that a considerable number of shares had already been subscribed and fresh applications wore continually coming forward. There was also keen inquiry for shares in the other centres of tnfi dominion. The directors bad purchased the premises formerly occupied by the Dunedin Savings Bank, in High street, on very reasonable terms, and the offices afforded every facility for the purposes of the business of the company. ■ Already a largo_ number of applications for loan business bad come forward, and tlio directors had accepted those that, after inspection, showed favorable security and on satisfactory terms, and tho indications were that there was every prospect of the anticipation being realised that there was ample scope for business on second mortgage advance such as the company was promoted for. The following officers were appointed :

Directors; Messrs Arthur Ellis (chairman), S. B. Macdonald (vicechairman), J.Y. Love, A. 11. JJ. Poultef, W. M. Marriage, J. Brock, J W. Scurr, with power to add two directors; auditors: Messrs * Brodrick and Chalir.er; managing sccretarv, Mr David Leslie, E.P.A. (JC.Z.L *

At the close of the'statutory .meeting an extraordinary general meeting was held, and a resolution, on the recommendation of the directors (which has to be confirmed at a subsequent meeting), was carried restricting the directors from calling up more than 5s per share, subject to the decision of the shareholders, without prejudice to the rights of bondholders requiring such capital to be called up»