COMMERCIAL

Evening Star, Issue 20671, 19 December 1930, Page 7

COMMERCIAL

■ BANK OF ENGLAN D BET URNS. Press Association—By 'Telegraph—Copyright. LONDON', December IS. (Received December 19, at 11.15 a.m.) ISSUF DEPARTMENT. Nnto Tssnc in circuhuioii gJS,DI.JT.7 Banking department •)'«.• .£410,580,757 Government debt ... ... !}'- Ollier Government nccuritics Jo Other securities ’ \'V 1 Sihar coin 4,488,441 Gold coin ami bullion ••• 350,580,750 £ 110,580,1*57 BANKING UKTARTMENT. Proprietors’ capital ••• Kot Public deposits Other deposits (bank os'} ... Other accounts Ibbl.O.jlO Scvcn-day and olhei bills !.»<» £ I ’2'2, 185,8-8 Government securitie:Discounts and advances , ~ Other securities , 'ir,;* Not ns in reerv ... ;iS,«:),7Ui Gold ;md silver com .1D.4,11 gllii.lSo.SiS The ,jioportion ol revives lo liability.- is .SO per can.'. Short loans arc ciuolcil at I; I'VI vent., dircc-monlU bills at 2 7-10 per .eni . LONDON STOCK EXCHANGE. rcss Association —By Telegraph—Copyright. LONDON, December IS. _ The following arc the latest quotations for Government securities: —

I _— NATIONAL MUTUAL LIFE ASSOCIATION. Now policies written by the association for the year ended September 30, 1930, numbered 21,052, assuring £9,201,023. Tbo total income for the year was £4,983,877, which included £3,244,470 for premiums and £1,739,401 (after deduction of rates and taxes amounting to £155,843) for interest. Tho total amount paid to policyholders or their representatives during the year was £2,559,111. The total assurances in force at j ho. end of the year amounted to £85,102,725, and the assurance fund amounted to £33,521,387. ’TARANAKI OILFIELDS. A report issued by Taranaki (N.Z.) Oilfields for the week ended December 13 states: “ Waitangi No. 1 well; In order to make 22in casing more secure it was necessary to place an additional quantitv of cement. Now waiting lor this to set. Expect to start drilling for 15]in diameter casing December 17.” N.Z. LOAN AND MERCANTILE COMPANY. The annual report of the directors of the New Zealand Loan and Mercantile Agency Company Ltd. shows that alter paying interest on tho first r*’id second mortgage debenture stocks, making provision for bad and doubtful debts and other contingencies, there remains a balance of £76.550 11s 3d on the year’s working. To this is added the amount brought forward Irom last year (£58.412 3s 3d), making a total of £134,902 14s Cd. The interim dividends of 2] per cent, on tbo 5 per cent, cumulative preference stock. 2 per cent, on the ordinary slock, and dividends for twelve months on the 6] per cent, cumulative second preference stock absorbed £77.500, leaving a balance of £57,462 14s Gd. From this the directors recommend a final dividend of 2] per cent, on the 5 per cent, cumulative pro fere noa (less 2s in the £ income tax), £25,000. and a final dividend of 2 per cent, (less 2s in tho £ income tax), £20,000. This accounts for £45,000. leaving £12,462 14s 6d to be carried forward.

Ah' W. W. Paine and Lord Ritchie, of Dundee, retire from office as directors in berms of the articles of association, and being eligible offer themselves for re-election.

Imperial Consols, -J P-t'. ... War loan, 5 p.c,, 1027-47 ... Funding loan, 4 p,-., 1000-00 ... ... 01 10 U U 0 0 0 Conversion loan 3$ p.c ... ... si Victory bonds 4 p.c ... ... Commonwealth c p.s., 11145-75 ... ... 82 15 0 New Zealand 0 p.c. 1030-51 ... ... ... lUti .New Zealand 4 p.c 1020 ... ... ... New Zealand 3j p.< , HM0 - ... ... ... ... New South Wales 0} p.c., 1030-40 ... 02 15 New South Wales li pc., 11122-31 ... 80 New South Walts a* p.c., 1030-40 ... 87 10 Now South Wales 4 p.c , 1033 ... ... 85 New South Wales 34 p.c,, 103<K>U New South Wales S p.c., i0o.> Victoria 54 p.c., 1030-4!) ... ... s:> 10 0 Victoria 5 p.c., 19:12-42 ... ... ... ... 0 Victoria -Ji p.c., 1112;1-J;J ... ... Victoria li p.c., IU2!'-40 ... ... Queensland C p.c., 1030-40 ... ... ... 0 0 0 Queensland ! » p.c , lOJO-hO ... Queensland 3 p.c.. 1022-47 ... South Australia (u p c., 1030-40 ;;; ::: r.fi !i;i 0 10 Soutli Australia 3$ p.c., 1030 ... ... South Australia 3 p.c. 1010 ot - alter *fa JO West Australia 0 p.» . 1030-40 ... ... 88 West Australia 8J p.c. V.GO-lia ... ... West Australia 3 pc. IVIJ-'Jj ... ... JO Tasmania 6\ p.c. W8W0 ... ... ... Oh J.» 0 Tasmania 3J p.c., 1920-10 ... ... ... 73 10 (1 Tasmania. 0 p.c., 1020-40 ... ...