COMMERCIAL

Evening Star, Issue 20943, 6 November 1931, Page 7

COMMERCIAL

FOREIGN EXCHANGES.

(British Official Wireless.) Press Association —By Telegraph—Copyright

BANK OF ENGLAND RETURNS

Press Association—By Telegraph—Copyright,

. LONDON, November 5. (Received November G, mt 11 a.m.) ISSUE DEPARTMENT;

Tho proportion of reserves to liabilities Is 31.40 per cent. Short Joans aro quoted at 4J per cent., three-month bills at iij per rent.

WILSON’S PORTLAND CEMENT. [Per United Press Association.] WELLINGTON, November 5. The following telegram was received to-day from Wilson’s Portland Cement Company.—“ The directors have declared an interim dividend to September 30 of Is per share.” AUSTRALIAN MARKETS. Press Association —By Telegraph—Copyright. SYDNEY, November 5. Wheat is active at higher levels. The price, ex trucks, at Sydney to-day, was 3s 9d, and at country stations, 3s Id. Flour, £ll 15s. Bran, £4 10s. Pollard, £5. Potatoes.—Local new, to £l2; Tasmanian old, £ll 10s; Victorian, to £9. Onions.—Victorian, to £9. Oats.—White Algerian, 2s 6d, Maize, 3s 2d. MET BOURNE, November G. (Received November 6, at 11 a.m.) Wheat, 3s 7£d. Flour, £8 17s 6d. Bran, £4 15s. Pollard, £5. Oats, 2s 4d to 2s sd. Barley.—English, 2s 8d to 2s 9d. Maize, 3s. UALGETY AND COMPANY LTD. At the annua! general meeting of the above company the directors will submit their annual report and bal-ance-sheet showing the results of the company’s operations during the twelve months ended June 30 last. Alter providing for bad and doubtful debts, current expenses, depreciation, debenture interest and taxation, the net profit for the year amounted to £128,400. After adding to this sum tho balance brought forward from last year and charging tho twelve months’ dividend on the preference shares (and the interim dividend on tho ordinary shares paid last May) there remains at Die credit of tho general profit, and loss account a balance of £297,300, which the directors recommend should be appropriated as follows: —£G0,000 in payment of final dividend for tho year ended June 30 last of 4s per share, making with the interim dividend as above 7 per cent, per annum, to be payable on November 24; £25,000 to staff provident fund, making £85,000 in all; £212,300 to bo carried forward; £297,300 total (being balance of general profit and loss account)., KING SOLOMON.MINE. Mr R, C. Ruffin, mine manager for King Solomon Deep Lead Ltd. submits the following report on the work done at the mine for the three weeks ended October 31:—“ IGI feet of driving and cross cutting was done in the south section of Radfords. ’ These places are six feet wide and opened up wash for the total distance. _ Fortylive feet of cutting and driving was (lone in tue north section of Radford’s. Whito sand and wash came in at ono point, and along the course of the drive pitched fairly steeply to the north. If there is no change in the next few feet, wo will have to start driving at a much lower point. Sixtytwo feet of cross cutting was done west of the dip. Much heavier gold was won from this section than the usual run of the mine.”

RUGBY, November 3. Nov. 3. Nov, 4. Paris, franc to ... 944 95J 27 Brussels ' belgas to £i ... 20* Oslo, kroner to £' ... 17* 17* Stockholm, kroner to £.1 ... 17 17* Copenhagen, kroner to X-l ... 174 17* llencvn, franc to £i ...... ... iyj 30£ Berlin, rcichmarkcn to ,£1 ... 15] ]5$ Montreal, dollar to £1 ... 4.144 4.lA New York, dollar to rd ... ... 3.72 ... 0* 3.75 Amsterdam, tlorin to J.,'1 ... 11* 72 1 Milan, lire to 72 J - Prague, kroner to , ... 125 327 Vienna, schilling to ;6'1 _ . ... 284 28 3MJ Helsingfors, marks o £1 ... ... 130] Madrid, peseta to ,-£1 ... ... ... 42 § Athens, drachmae to. £1 ... ... 310 310 Lisbon, escudo to £1 , ... 10 0* 100* Bucharest, lei to /il ... 020 020 Rio de Janeiro, pence to milreis 3* 4 Buenos Aires, pence to peso; 5 ... .to* 30* Montevideo, pence to. dollar ... 27 20] Shanghai, pence to tael , ... 204 20* 311 Yokohama, pence to yen . ... 32 j Hongkong, pence to dollar ... 10 15* Bombay, pence to rupee ... 18 3-33 18 3-32

Note issue in circUaiion Hanking department 36,832,827 £395,089,749 Government debt Other Government securities Other securities Silver coin Gold and silver bullion ::: £11,015,100 940,272,840 19,071,410 4,040.044 120,089,749 £395,089,749 B \.\K/ .VC DEP.ARTMEVT. Proprietor's capita! £14,553,000 Rest :i,U2,5B3 Public deposits 19,87/,100 Other deposits (bai.l'crs) Other accounts -40,208,514 Seven-day and otbor bills 1,000 £138,"ID,107 Government securities Discounts and advances Other securities Voles in reserve Gold and silver coin £57,825,900 10,750,890 32,090,489 30,832,827 1,219,055 £138,719,107