COMMERCIAL

Evening Star, Issue 21090, 30 April 1932, Page 11

COMMERCIAL

THE SHADE MARKET DUNEDIN STOCK EXCHANGE. At this morning’s call sales were reported in Union Banks at £6 9s, D.I.C.s (ord.) at 12s, and 1937 5i per cent. Stock (February) at £99, ss. Bank of New Zealand Long “ D shares improved to £1 5s 9d, but were still without sellers. . E.S. and A. shares were not obtainable under £4 ss, and there was no inquiry for them. Nationals of Australasias were quoted cum. dividend, and had inquiry at £9 12s, with sellers asking £lO 2e 6d. Australian Glass was inquired for at £1 10s, and Brown, Ewing preferences shares were on the market at 19s without any response to either. Kaiapoi Woollens (ord.) were still on the market at 6s 3d. There was a margin of 4s between buyers and sellers of Regent Theatres, buyers offering £llss, with sellers at £1 19s. Sales Reported. Union Bank, £6 9s; D.I.C. (ord.), 12s; 1937 S£ per cent. Stock (February), £99 ss. Quotations as under:— Buyers. Sellers, £ i. d. £ s. d.

DIVIDENDS DUE. Amount. Period. Date. N.Z. Guarantee Corp. 2d interim April Woolworth’a (pref.) 10 4-5 d interim April South British Insur. Is 4d interim April E.S. and A. Bank Is 9 3-5 d interim May 2 Waihi I® final May b Mosgiel Woollen Co. 3s 22-5 d interim 6 May 12 National Insurance 4d interim May 16 N.Z. Paper Mills 9 3-5 d final May 19 National Bank Aust. „ I (£lO paid) 6s final May | National Bank Aust. (£5 paid)

FRUIT AND PRODUCE. Bray Bros. Ltd. (Dunedin) report as follows for week ended to-day:— The potato market is firm. Best lines are selling up to £5 per ton. There are now more inquiries from the North Island, and this has strengthened the market. The potatoes from the south are superior to what is coming forward from Canterbury, and North Island buyers are paying attention to this. The onion market is a little easier. Some fine samples are now coming forward from Canterbury, and prices are ruling round about 9s per cwt. Pickling onions are in good supply. The samples are of good quality and prices are low. They are offering at 5s 6d per cwt. The chaff market remains quiet. The local demand is small, with only odd lots being sold, and sales are confined to best quality, which is selling up to £5 per ton, sacks extra. Medium and poor quality is slow of sale. The oat market is irregular, and in odd cases 3s Bd. f.0.b.5.i., is obtainable. There is a falling off in the demand from the North Island. B Gartons are quoted at 3s 4d, f.o.b.s.i. A grade Gartons are worth 3s, on trucks country sidings, sacks extra, and Bs’ 2s 9d. The wheat market is steady., Most of the lines offering from the country are being taken up by. millers. The Central Otago wheat is of good quality, with the exception of a few districts. Milling prices are on the basis fixed by the Wheat Marketing Agency—namely, 4s B}d, f.0.b.; for Tuscan, 4s 10$d for Hunters, and 5s Ojd for Velvet. The fowl wheat market is steady, and best lines are selling up to 4s 9d per bushel, ex truck, Dunedin. Millers’ prices are as follows ■ — Flour— 2o(Ts, £l4 2s: 100’s, £ls 2s 6d: 60’s, £ls 7s; 25’s, £ls 17s, Bran, £5 10s. Pollard, £7. Oatmeal —200’s, £23; _2s’s, £25. There has been a rise in the price of oatmeal. ' , The egg market has firmed up. Guaranteed fresh eggs are worth 2s per dozen and the market is bare. All lines coming forward are readily placed. Honey is offering freely and best lines are realising up to sid per lb and 101 b tins from 5s to 6s. Hams and bacon are in good supply, and the market steady. Cheese is offering freely, and sales are steady. There is an inquiry for dairy pat butter. Business in the fruit marts has been steady during the week. A feature of the market has been the large quantity of apples and pears that have been offering. Some fine samples of Delicious and Jonathans are offering, and prices are low. Local grown grapes are coming forward, and prices are moderate. Tomatoes are still in good supply. Canterbury is experiencing frost.v nights, and this will no doubt cut off supplies. Prices at present are low. All classes of vegetables are offering freely. Cabbages and cauliflowers are offering freely at low prices which do not show the grower any return. Oranges and lemons are short supply. Australian navels will soon be offering, and a shipment of Island oranges is expected at an early date. Bananas are offering freely, and prices are much lower than usual. All stone fruit is now about finished. A few small consignments of peaches have been coming forward. Violets are starting to come on the market from Canterbury. The following prices were realised during the week: — Pears.—Crates, lid to 2d per lb; cases, Is 6d to 4s, Apples.—New season’s dessert, wanted. 4s to 7s 6d case; cooking, 3s to 4s 6d case.

Tomatoes. —Id to 3d lb; local, 4d to 6d per lb. Cucumbers, Is 3d to 2s case. French beans, 3d to 3jd per lb. Peas, 2Jd to 3sd per lb. Potatoes, £4 10s to £5 per ton. Grapes, Bsd to Is 2d per lb. Peaches.—Crated, 2d to 3d per lb; cased, 3s to 4s 6d. Pines, 18s to 21s case. Passions, 15s to 17s ease. Quinces, wanted, 4s case. Australian oranges, 23s to 26s case. New Zealand lemons, 16s to 18s case. Californian grapefruit, 48s case. Bananas. —Green, 10s to 16s case; ripe, 20s. Carrots, to 5s cwt. Cauliflowers, Is 6d to 3s bag. Celery, 3|d to 4Jd bunch. Mushrooms, 2d to 4|d per lb. Cabbage, Is to 2s 3d bag. Garlic, to 5d per lb. Eggs, Is lid, 2s; preserved, Is sd, Is 6d. , Honey—Bulk, 5Jd per lb. Marrows, to 7s cwt. Pumpkins, to 7s cwt. Peanuts, 3d to 4d per lb. Cheese. —Medium, 6d; loaf, 8d lb. Onions.—Canterbury, £8 10s to £lO per ton. Swedes, to 3s cwt. Beeswax, to Is 8d per lb. Woodwool, 28s bale. Tallow, to 12s 6d cwt. Ovster grit, 8s bag. Butter.—Pats, Is Id; dairy pats, to 9d; bulk, Is Old. Bacon.—lOd per lb. Plains, lid per lb. Oats.—A Gartens, 3s; B Cartons, 2s 9d per bushel.

Pollard, £7 per ton. Milling wheat, 4s Bid to os OJd per bushel. Fowl wheat, 4s Cd to 4s 9d. Bran, £5 10s per ton. Wheaton straw, £3 per ton. Clover hay, £5 10s per ton. Oatsheaf chaff, £4 10s per ton. butter and cheese. Following are market reports from the New Zealand Produce Association, London, received by the South Island Dairy Association: —Butter steadv, with more inquiry; 97s to 100s;' unsalted, 102 s to 106 s; Danish, 110 s. Cheese steady; white, 58s to 595; coloured, 58s to COs. THE MUTUAL LIFE AND CITIZENS’ ASSURANCE COMPANY LIMITED. The forty-fifth annual meeting of the company was held on the 14th inst. The Chairman (Hon. James Ashton, M.L.C.), in moving the adoption of the report and balance-sheets, said:— It is a matter for congratulation that the results of the year show that our business generally has held its own in a period of exceptional difficulty. In view of the economic condition of the countries in which the company operates, the number and amount of the applications for new assurances have been surprisingly well maintained. The company’s reputation for financial strength has undoubtedly attracted to it money which in other times would not have been invested in purchasing life assurance. In the ordinary branch, the net amount of new business completed (£4,321,063) was, with one exception, a record—a tribute to the energy of our staff, including our capable field staff—and the premium income in that branch exceeded the previous best figures by'more than £20,000. The industrial branch premium collections were 95 per cent, of those of 1930, which shows how well the business has been maintained in a time of unprecedented unemployment. The company has continued its system of helping policy-holders who have been compelled to lapse their policies through unemployment. We have further liberalised our regulations, and we now allow industrial branch policyholders who have kept their policies in force for six months to apply for reinstatement when they are again in work, without paying up the arrears. This is arranged by bringing forward the date of issue of the policy by the number of weeks the premiums have been unpaid, thus in effect accounting the missed period as though it had not existed. Thousands of our policy-hold-ers have gratefully taken advantage of this privilege. The application of the system, of course, means that the company’s premium collections are lessened for the time being. Economy of management has always been a distinctive feature of the company’s operations. The expense rate in the industrial branch is lower than that of the previous year, and the same is true of the ordinary branch. In this branch, the figures are even better than they appear on the surface, because we transact a large new business relatively to the business in force, and new business is costly. If we adopt the customary method of assuming that the cost of obtaining new premiums is ten times that of collecting renewals, the lowness of our expense rate is shown even more clearly than by the figures given in the report. Total assets increased during the year to £20,359,944, of which 99.5 per cent, are spread throughout the British Empire in the soundest class of securities. Of the interest outstanding at the end of the year (£262), practically the whole of this has since been paid. We maintained the high proportion of our investments in securities of Governments and public bodies. The net amount written off securities is largely due to the reduction of the book value of redeemable Government securities, the ultimate payment of which will eventually bring back into the company’s resources the amount now written off in this connection. Our interest earnings have felt the effect of the legislation passed last year by all the States and the Commonwealth. Wo agreed promptly to convert our holdings of Australian securities into Australian Consolidated Stock at reduced rates, and the further interest reduction legislation affected other securities similarly. In consequence, the effective rates of interest show a considerable decline, quite beyond our control, for the period under review. Profit from interest represents a large portion of our total profits; so that the reduction in interest earnings, accompanied by very heavy taxation, has caused a reduction of the profits alike to policy-holders and shareholders, who, however, as a result of our policy of building up strong reserves in- good years, have been allotted profits which, though lower than for last year, are still satisfactory. The directors are recommending that ordinary branch policy-holders, who have M.L.C. withprofits policies, be allotted 85 per cent, of the profits of that section on this occasion. The shareholders, in return for the 15 per cent, of the profits allotted to them, give policy-holders additional security (in importance far greater than the amount of paid-up capital) in their guarantees of economy of management and of actuarial strength. Other guarantees, particularly valuable to ordinary branch policyholders in times like the present, are also given to those forms of contracts most in use, in the way of guaranteed free policy surrender or loan value. Industrial branch policyholders in section B receive 80 per cent, of the profits of that section. In the without-profit section A, wo have voluntarily allotted bonuses and additional benefits which in the aggregate have amounted to a largo sum.

Last year, wo announced the new family income contract, which proved to be an unqualified success, and lias been the outstanding policy in our recent new business equipment. We have extended the benefits to endowment assurance policies, and the contracts now issued provide for an income of 12 or 15 per cent, to dependents, according to the class of contract paid for. A life assurance company denis in long-term contracts, which do not call for payments through any temporary disturbance of money markets. They become at once available on the happening of the event for which they exist, with a dependability superior to that of other financial enterprises. In times of depression, a life assurance company stands as a tower of strength. Its policies are the best security for accommodation. It nays its claims promptly and in full. However much of wisdom there is in effecting_ a life assurance policy in prosperous times, in bad times it becomes an insistent duty to assure. KING SOLOMON DEEP LEAD. [Per United Press Association.] INVERCARGILL, April 29. The mine manager of the King Solomon Deep Lead Ltd., reports a washup for the week of 50oz 12dwt.

WELLINGTON COUNCIL LOAN. The Wellington City Council has a local C per cent, loan maturing June 1 next (states the ‘Post’)- The amount is for £94,000, approximately, and the purpose of the loan raised m 1920 was for general' improvement. The council is inviting applications from holders to renew at tlve rate of 5i per cent., interest payable halfyearly, free of exchange in New Zealand. COMPANIES REGISTERED. Tho ‘ Mercantile Gazette’ notifies tho registration of tho following companies ; Clutlia Finance Company Ltd. Registered April 13, 1932. Capital: £1,500 in 1,500 shares of £1 each. Subscribers : Balclutha —D. Sinclair, J. Guest, J. M. Daggart 500 each. Objects: To negotiate loans of every description, transact business as capitalists, promoters, and financial and monetary agents. Wylie’s Garage Ltd. Registered as a private company Apri 1 14, 1932. Capital; £3,000 into 3,000 shares of £1 each. Subscribers: Taipanui—F. J. Wylie 1,700, J. M. Moffit 500- Port Molynenx, J. A. Wylie 800. Objects; Garage keepers, taxi and motor service station proprietors, and suppliers of and dealers in petrol, spirit, electricity, and other motive power, etc., and general mechanical engineers. Harvey (J.) and Co. Ltd. Registered as a private company April 14, 1932. Capital: £I,BOO into 1,800 shares of £1 each. Subscribers: Dunedin—F. W. Pile 1,500, John Harvey 300. Objects: General provision merchants, confectioners, and universal providers. BROKEN HILL BLOCK. The directors of the Broken Hill proprietary Block 14 Co. Ltd. have called a meeting of shareholders to consider proposals for the reconstruction of the company. The present company will enter into voluntary liquidation (states an exchange), and the liquidator will be authorised to consent to the registration of a new company under the noliability provisions of the Victorian Companies Act of 1928, to be named Broken Hill Proprietary Block 14 Company, No Liability. MOUNT MORGAN MINE. The directors of Mount Morgan Ltd., the new owner of tho famous gold and copper mine in Queensland, are endeavouring to borrow money from the Government to finance the reopening of the mine as a means of relieving unemployment. The managing director stated recently that for an expenditure of from £35,000 to £40,000 spread over a period of six months tho company could place in direct employment between 250 and 300 men. The mine would be making a profit of £925 a week, or £44,388 a year, when properly working, ho claimed. The operation of the mine would indirectly provide work for many people. It would take six months to complete the rehabilitation of the plant and completely equip tho mine for the treatment of 3,000 tons of ore a week. The expenditure involved would amount to £36,610, of which £IB,OOO would be for’ wages. At least 90 per cent, of the stores that would be purchased would be of Australian origin. If the Government made the money available the result would be the production of about 36,0000 z of gold a year, and the export of approximately £200,000 worth of concentrates. The money would be regarded by the company strictly as a loan, and no profits would be distributed to the shareholders until the loan was repaid. MAHAKIPAWA GOLDFIELDS. The mine manager’s _ report for tho week ending April 25 is as follows: South Face.—Advanced 17ft, making a total of 761 ft south of shaft crosscut. The bottom rock has dipped away, and we are only just in touch with it on the east side of the drive with about 24in on the west side, and the course of the drive has now been turned due south parallel to the road. This face is situated about 100 ft east of the east side of the road. Tho wash dirt is now rather silty, and the gold values appear to be running to the west side of the drive. Blocking south of No. 8 east crosscut and No. 6 west cross-cut is proceeding in good grade wash dirt. A blocking strip has been started at the commencement of No. 2 south drive from No. 7 cast cross-cut in fair grade wash dirt. Some good grade wash dirt was known to exist on the west side at 90ft south from the commencement of the south-west drive, and this is now being taken out. CUSTOMS RETURNS. When tho heavy releases from bond, consequent on anticipation of extra taxation, in April of last year are considered, the Customs Department returns for April are considered to be most satisfactory. The following are the Dunedin returns for the month ended to-day:— Customs. —£41,030 19s 9d (£53,873 14s). Beer,-£20,237 12s (£18,600 16s 7d). Tyre Tax,—£6,67B IBs (£752 4s). Petrol Duty.—£l2,666 11s. (£12,429 12s fid). LONDON PRODUCE MARKET. The Bank ,of Now Zealand has received the following advice from its London office, under date 29th hist.: Frozen meat: The reduction in prices of wethers has improved the demand. For ewes the market is steady. The lamb market is rather easier and is inclined to become weaker, supplies are more than sufliicient to meet the demand. Trade generally is slow. Wethers, light, 3|d to 4Jd per lb; heavy, 3d to 3|d per lb; ewes, 2-'-d to 4d per lb. Lambs—2’s, 63d to 7id per lb; B’s, fi.Vd to fijd per lb; 4’s, 6]d to 6|d per lb; seconds, 6Jd to 7d per lb. butter and cheese. Messrs H. L. Tapley and'Co. Ltd., South Island agents for the AngloContinental Produce Co., London, have received the following cable report;— Butter, 98s to l()0s per cwt; market steady. Cheese, 60s to 61s pei cut, future uncertain, wetherstones conglomerate. Industries Limited reports that the first stao-e of grinding and crushing tests at tlie Golden Crescent Company’s claim is completed. It is now experimenting with a new system, in which gelignite or blasting gelatine with a high” nitro-glycerinq content is being used underground. This explosive, owing to the intense rapidity of its explosion, tends to shatter any ground in which it is used, and in this case it breaks up the conglomerate so completely that 70 per cent, to 80 per cent.

of tho spoil will pass a (in ring. The balance of coarse material, it is found, requires very little further work to disintegrate it, and a new method of breaking it is being evolved by merely causing this material to drop down a vertical tower with alternate inclined baffles. Tho product at tho bottom is then sent direct to the gold tables. The first tests of this gave most encouraging results, and a larger working scale model is now being built. It is unnecessary to stress the advantages in the saving of both capital and operating costs of suck a system. Actually, after breaking underground and hauling to the surface, there is practically no further charge. Such good progress is being made underground with tho drives and rises and the breaking of ore that Industries Limited fully expects to complete all tests in from four to six weeks’ time. FOREIGN EXCHANGES. (British Official Wireless.) Press Association —By Telegraph—Copyright. RUGBY, April 28. April 28. April 28. Paris, franc lo £I 92$ 92$ Urusscls, bclgas to £1 25,95 26$ Oslo, krone, lo £i ]0 13-16 19.70 Stockholm, kroner to £1 19.95 39 33*16 Copenhagen, kroner to ;£! 18.20 18.25 Geneva, franc to £1 ... 18.75 18.85 Berlin, rcichmarken lo ;£! ... 15.30 Jsf Montreal, dollar to £1 4.06 4.11 New York, dollar to £1 3.64 3.63$ Amsterdam, llorin to 8,97$ 9.02-1 Milan, lire to £i ... 70$ 73$ Prague, kroner to 122$ 123 j Vienna, schilling to £1 32 32 Helsingfors, marks to £\ 215 215 Madrid, peseta to ... ... ... 46 9-16 4CJ Athens, drachmae to £1 290 290 Lisbon, escudo to 110 110 Bucharest, lei to 612$ 610 Rio de Janeiro, penc. to mitreis 4$ 4$ Buenos Aires, pence to dollar ... 36$ 30$ Montevideo, pence to dollar ... 30 30 Shanghai, pence to tael 20 13-33 20$ Yokohama, pence to yen 21 3*16 21$ Hongkong, pence to dollar ... 15 5-16 15 3*16 Bombay, pence to rupee ... ... 17 15-1 Cl 7 31*32 Batavia, florin to £1 LONDON STOCK EXCHANGE. Press Association—By Telegraph—Copyright. LONDON, April 28. Tho following are the latest quotations for Government securities: —

AUSTRALIAN STOCK EXCHANGES. Press Association —By Telegraph —Copyright. SYDNEY, April 29. General weakness persisted on the Stock Exchange. Bonds continued to drift and banks were again lower. The following sales were recorded:— Union Bank, £7 17s 6d; Bank of Now South Wales, £2B; Mercantile Mutual insurance, 12s; Millaquin Sugar, 24s 7sd; Henry Jones, 30s; Australian Gas (A), 104 s; Tooths, 25s 3d; Tooheys, 16s 3d; Goldsbrough, 24s fid; Dunlop Perdriau, 10s lid; Winchcombe Carson, 18s fid; North Broken Hill, 60s 9d. Bonds —4 per cents., 1938, £95; 1941, £92 17s fid; 1944, £9O ss; 1947, £B9 ss; 1953, £B9 8s 9d; 1955. £B9 16s 3d; 1957, £9O; 1959, £B9 2s,fid; 1961, £B9. MELBOURNE, April 29. The following sales were recorded:— Commercial Bank, 15s 7d; Goldsbroughs, 24s fid-; Carlton Brewery, 30s 9d; ‘Herald’ ami ‘Times,’ 445: Victoria Nyanza, 17s 9d; Mount Lyell, 20s lsd: Zino Corporation, 25s 3d; Taranaki Oil, Bd. METAL MARKET, Press Association—By Telegraph—Copyright. LONDON, April 28. Following are the official quotations in the metal market;— Copper: Standard, £3O Is lOjd per ton; forward, £3O 4s 4Jid. Electrolytic: Spot, £34 10s; forward, £35 10s. Wire bars, £35 10s. Lend; Spot, £ll ss; forward, £ll 10s. Spelter: Spot, £l2 2s fid; forward, £l2 ss. Tin: Spot, £ll3 17s fid; forward, £lls IBs 9d. Silver: Standard, 16|d per oz; fine, 18 3 ' 16cl PRICE OF GOLD. Press Association—By Telegraph—Copyright, LONDON, April 2t). (Received April 30, at 10.5 a.m.) Fine gold is quoted at £5 13s 4d per oz. P. AND 0. SHARES, Press Association—By Telegraph— Copyright. LONDON, April 29. (Received April 30, at 10.30 a.m.) P. and 0., 14s 44d.

BANKING.— Bank, of N.S.W. ... — 85 0 0 Bank of New Zealand 2 3 0 — Bank of New Zealand (Long D ”) 1 5 9 — Commercial Bank ... — 0 13 11 E.S. and A. Bank (cum. div.) —r 4 5 0 National Bank of New Zealand ... ... 3 10 0 — National Bank of Australasia (cum. div.) 9 12 0 10 2 6 Union Bank of Australia Ltd. ... ... — 6 10 0 INSURANCE.— National Insur. Co. — 0 11 7 Standard Insur. Co, 1 13 0 — SHIPPING.— P. and.O. Deferred Stock I i 0 D.S.S. Co. (prof.) ... — 1 0 3 POAL.Westport Coal Co, (cum. refund) 0 18 0 0 18 8 LOAN AND AGENOY.Dalgety and Co. 7 0 0 — Qoldsbrougb, Mort ... — 1 2 3 N.Z. Loan and Mercantile (ord.) ... 40 0 0 .Wright, Stephenson (pref.) "" u in 3 meat preserving.— N.Z. Refrigerating (cont.) ... 0 3 10 0 4 3 MISCELLANEOUS.— Australian Glass 1 10 0 — Brown, Ewing (pref.) ... .... - —* 0 19 0 Crystal Ice Co. 1 3 9 — D.I.O. (ord.) — 0 12 3 Dominion Rubber ... — 0 C 0 Eclipse Petrol — 0 2 0 Kaiapoi Woollen (ord.) 0 5 3 0 6 5 Milburn Lime and Cement ... — 1 7 0 M’Leod Bros 21 0 0 —• N.Z. Drug Co. 2 5 8 — N.Z. Express (prof.) — 0 15 3 N.Z. Farmers’ Fertilisers 0 12 0 0 13 0 N.Z. Paper Mills (cum, div.) 0 18 7 0 18 6 Regent Theatre ' ... 1 15 0 1 19 0 BREWERIES,— N.Z. Breweries Ltd. 1 2 10 — MINING.— Electrolytic Zinc (pret.) —* u iy 8 Mount Lyell — 0 18 8 Mahakipawa 0 0 3 — Kildare — 0 i 1U Okarito 0 9 0 0 9 5 Paddy’s Point 0 3 0 0 3 9 Golden Progress — 0 2 7 King Solomon 0 1 .2 0 1 5 Golden Point 0 0 6 — Golden Dawn — 0 6 6 Blackwater 0 6 10 — Consolidated Goldfields 0 2 6 — Gillespie’s Beach 0 0 lp 0 0 3p WAR BONDS/Bonds quoted are £100 Bonds). 1938 41 p.c. Bonds ... — 95 0 0 1939 4£ p.c. Bonds (ex interest) 92 0 0 93 0 0 1938 4i p.c. Insc. ... — 95 0 0 1939 tty p.c. Inscribed (ex interest) 92 0 0 93 0 0 1933 51 n.c. S.S Bonds 98 10 0 — 1933 5| p.c. S.S. Insc. 98 10 0 — 1936 5i p.c. Bonds ... 99 0 0 “ 1936 5i p.c. Insc. ... 99 0 0 — 1933 51 p.c. Bonds ... 98 0 0 — 1933 51 p.c. Insc. ... 98 0 0 1937 51 p.c. Bonds ... 95 10 0 — 1937 51 p.c. Ins. ... 95 10 0 — 1937 51 p.c. Bonds (February) 99 0 0 — 1957 51 p.c. Bonds (September) 99 0 0 — 1937 51 p.c. Inscribed (February) — yy iv 0

Imperial Consols, 114 p.c £60 13 0 Funding loan 97 0 0 •War loan 5 p.c., 1929-47 101 5 0 Conversion loan, p.c 85 0 0 Victory bonds, 4 p.c 98 10 0 Commonwealth G p.c., 1931-41 ... • M 94 0 0 Commonwealth 5J p.c., 1922-27 84 0 0 New Zealand G p.c., 193G-51 101 0 0 New Zealand 4 p.c., 1930 87 10 0 New Zealand 3J p.c., 1940 81 13 G Now Zealand 3 p.c., 945 ... .;. 72 0 0 New South Wales GJ p.c., 1930-40 89 15 0 New South Wales G p.c,, 1930-40 77 0 0 New South Wales 5f p.c., 1922-32 77 0 0 New South Wales 4 p.c., 1933 ... 74 0 0 New Souili Wales 3| p.c., 1930-50 • 07 10 0 New South Wa'cs 3 p.c., 1935 ... 50 10 0 Victoria GJ p.c. 1930-40 79 0 0 Victoria (i p.c., 1932-42 7G 10 0 Victoria 4j[ p.c., U10-Gu 72 10 0 Victoria 3-J p.c., 192.' 49 ... 01 5 0 Victoria 3 p.c., 1920 40 ... 55 0 0 Queensland G p.c. : 1930-40 90 0 0 Queensland 6 p.c., 1910-G0 77 0 0 Queensland 3 p.c., 1922-47 58 0 0 South Australia 6J p.c., 1930-40 ... 90 0 0 South Australia 3J p.c., 1939 07 0 0 South Australia 3 p.c., 1918 or alter 4G 0 0 West Australia G p.c., 1930-40 89 0 0 West Australia 3J p.c,, 1920-35 ... 73 0 0 West Australia 3t p.c., 1915-35 ... 72 0 0 Tasmania GJ p.c., 1030-40 ... 93 0 0 Tasmania 3| p.c,, 1920-40 70 0 0 Tasmania 3 p.c. 1920-40 GO 0 0