COMMERCIAL

Evening Star, Issue 20321, 1 November 1929, Page 1

COMMERCIAL

GOLD FOE ENGLAND. Press Association—By Telegraph—Copyright. LONDON, October 31. The Bank’ of England has received 375,000 sovereigns from New Zealand. BRUCE WOOLLEN MANUFACTURING COMPANY. The directors of the Brace Woollen Manufacturing Company state in their annual report that* the profit and loss account shows a net profit on the year’s trading of £5,076 14s Bd, which they regard as satisfactory in the ciremiH stances that ruled during the year. Provision has been made tor depreciation to the extent Of £2,000 on plant and £SOO on buildings, and the directors recommend that out of the bajanca of £2,836 4s 8d to the credit of profit and loss appropriation account, dividend and interest on preference capital amounting to £2,533 2a 5d be paid, and that £303 2s 3d be carried forward.; The past year had been a most difficult one from’ a profit-making _ point of view owing to the falling prices in raw; wool and to the fact that the expenditure on the new worsted plant installed during the year had not yet produced any. return. A change in the sales policy of the company had .been justified as sales iiad been fully maintained. The directors report with’ pleasure that the whole of the preference issue of shares has been' subscribed,DOMINION BUILDING SOCIETY. The quarterly ballot of the Dominion' Building Society was hold last evening, when Mr J. Y. Love presided over a fair attendance of members. The chairman intimated that the society was continuing to show steady progress. This ballot would complete the ballot* for this financial year, and would bring the total ballotted to date to £113,700, which represented a substantial advance towards home purchase. In addition to the ballot Joans, there ■ had been & total of £33,603 arranged oh first mortgage on the redemption principle. The result of the ballot was as follows :—Group 26, No. 74, balance of previous ballot. £SOO, No. 182, seven, shares, £700; No. 174. five shares, £soff (£2OO of this from next ballot). Group 27, No. 10, one share, £100; No. 73,sixteen shares, £1,600 (£I.OOO of this from next ballot). Group 28, No. 179. five shares, £500; No. 31, twelve shares, £1,200 (£7OO of this from next? ballot). Group 29, No. 31, five shares, £500; No. 12, two shares, £200; No.70, twelve shares, £1,200 (£9OO of thii from next ballot). , , .

CUSTOMS RETURNS. The Customs returns for the month ended October 31 amounted to £7(3,680 3s lid. as gainst £72,081 J9s ; '7d toe the ■com&udhding period of host . -veaiv The beer duty was £20,064 14s 2d, as against £25,069 IBs 6d.- The petrol tax amounted to £5,550 17s Sd, as against £4,154 11s Sd, and the motor tyre duty to £962 14s, as against £1,453 14s last year. The Customs revenue collected at lh» port of Wellington for October was £284,869, against £220,993 for, October,, 1928. The total for the ten months of the year to October 31 was £3,564,367* against £2,139,576 for the corresponding period of 1928. The duty collected on’motor spirit for October. 1929, was £28,961 4s 4d, compared with £28,14.3 3s in October, 1928. The total for ten months was £321,953, compared with £225,563 from March 1 to October 31* 1928—the only months for which figures are available. The tyre tax collected for October was £3,027 9s, compared with £3,484 11s 4d for October,1928. The total for the ten month* was £47,240, as against £35.481 from March 1 to October 31, 1928. Beer excise collections last month were £5,570 4s lOd. compared with'£s,2l7 12s 8d in October, 1928. The total for the ten months was £41,901, compared with £42,595 for the corresponding period of 1928. The Customs duties collected at Christchurch during October were £104,002 16s, compared with £87,064! 16s in October, 1928, and £121,147 in September. From January to October, 1929, the Customs duties were £986,533, compared with £849,790 for the corresponding period of 1929. The beer duly collected in October. 1929, was £3,970 f October, 1928, £8,032; September* 1929, £7,039; Januafv-October, 1929.£73,861: 1928, £68.333. Motor spirit tax; £14,296; October, 1928, £7,705; September, 1929, £18,670; JanuaryOctober, 1929, £153,857; 1928. £117,880. Tyre duty, October, 1929, £1,090;' October, 1923, £1,389; Januarr-Octo-her, 1929, £13,498; 1928; £16,154.

DALGETY DIVIDEND. ! Messrs Dalgely and Co., Lid., Lavs received advice from th>lr Lead office in Loudon that at the annual meeting to be held on November 14 tho directors will recommend declaring a final dividend of 3 per cent., (with the interim dividend already paid) 10 per cent, for the year ended June 30 last, together with bonus of 7s pcr. share. Dividend and bonus are payable on November 18. Tbe directors propose writing clown premises £25,000,transferring £25,000 to staff provident fund, appropriating £60,000 for staff bonus, and carrying forward the sum of £227,900. BRADFORD MARKET. Press Association—-By Telegraph—C.'pr right. LONDON, October 31, (Received November 1, at 11.5 a.m.)' Bradford: Quotations are unchanged,. Merinos aye very firm, but operator* are unwilling to follow tbe Australian prices. Cross-brcds are somewhat irregular. • BUTTER AND CHEESE. 1 - v Press Association—By Telegraph—Copyright, , LONDON, October 31. (Received November 1, at 11,5 a.m.)' Butter is quiet. Danish, 1925; choicest salted—New Zealand 178 s to 180 s, Australian 176 s to 178 s; unsalted—New Zealand 188 s, Australian 184 s to 1865.. Cheese is quiet. New Zealand, 93s to 945; • . ■ BEET SUGAR, J Press Association—By Telegraph—-Oopyrig!] LONDON, October 31. I (Received November 1, at 11.5 a.m.)’ ■ Beet sugar: December, 8« sd, ’ i