INDIGESTION

Evening Star, Issue 22414, 11 August 1936, Page 7

INDIGESTION

DR MORSE’S INDIAN ROOT RILLS BRING RELIEF. Mrs V. Bowyer, Karo, North Auckland, writes; “ I have used Dr Morse’s Indian Root Pills as a remedy for Indigestion. 1 was a great sufferer from this complaint, and found these pills act very well in abating thjs trouble.” — [Advt.]

JAPAN’S AUSTRALIAN EMBARGO

NEW ZEALAND SHIPPERS ADVISED CERTIFICATES OF ORIGIN NECESSARY ' [P*k United Press Association.] WELLINGTON, August 10. The Minister of Customs (,Hon. W. Nash) issued the following statement to-night:— Under an Ordinance promulgated by Japan on June 25, which is to operate for one year, the importation into Japan from Australia of wheat, flour, and wool, including waste or old wool, is prohibited, while a surtax of 50 per cent, ad valorem is applied to beef, butter, condensed milk, hides and skins, beef, tallow, and casein of Australian origin. The Ordinance further provides that any person in Japan who imports any goods of the classes mentioned above shall produce a certificate of origin regarding such goods, except when they are imported by mail or when their cost does not exceed 100 yen. The certificate must designate the marks, numbers, names, number, and quantity of the articles, and also the locality where they were produced or manufactured, and must be attested by an Imperial Consulate, or in places where there is no Imperial Consulate by a Customhouse or other Government office or a chamber of commerce and industry existing in the place where the goods’ were produced, manufactured, purchased, or shipped. The Minister adds that in order to avoid any difficulties arising in connection with the shipment to Japan of goods of the classes referred to, exporters are advised to arrange for certificates of origin to accompany the documents relating to the goods. Collectors of Customs at ports throughout New Zealand will attest such certificates if requested to do so. USE OF CAPITAL SURPLUS NEED FDR DISTRIBUTION INCREASE IN WORLD'S GOLD OUTPUT The need for taking all possible steps to promote further domestic business expansion is emphasised in a review of the international economic outlook appearing in the ‘ Midland Bank Review. The article deals with the use made by various countries of the surplus of their exports compared with their imports. Last year Russia used Tier current account surplus to extinguish her new external debts, states the review. South Africa employed hers in part, at least, to reduce her net overseas liabilities, even though substantial quantities of new capital had gone into the country. The United States surplus, on the contrary, had been far more than balanced by an overwhelming inflow of gold, to be associated principally with a vast flight to the dollar. In none of the three countries, it is asserted, did the current account surplus directly promote a resumption of international lending. During 1935 these three countries produced practically two-thirds of the world’s gold output. At present curreifcy quotations, the value of the world’s monetary stocks of gold had approximately doubled since 1929, the article continues. But a condition of the effectiveness of enlarged gold supplies in raising the general level of prices was the spreading of these supplies, either physically or indirectly, over a large number of central banks.

This was not taking place, and the gold was piling up where it was least necessary. For this reason anticipations of an early and pronounced rise in world commodity prices, based too readily upon the mere arithmetic of the total supply of gold, were lacking in realism. The world had plenty of gold, but it was going to the wrong places. The world was witnessing capital _ movements on a scale never experienced befox-e, but the capital funds were going to the wrong places and for the wrong reasons, and the movement was not promoting for the present moment recovery in any noticeable degree.

AUSTRALIAN STOCK EXCHANGES Press Association—By Telegraph—Copyright SYDNEY, August 10. The Stock Exchange investments were generally strong, and numerous advances were recorded in high-class shares. Banking shares were steady.

MELBOURNE, August 10. Bonds and industrials were steady. There was a continued strong demand for Mount Lyells, but gold shares were easier.

£ s. d. Colonial Sugar ... 43 5 0 Bank of New South Wales 23 5 0 Commercial Bank of Sydney 20 8 0 Associated News (pref.) ... 1 3 9 Tooths ... 2 13 6 Tooheys 1 13 6 Drug Houses 1 10 4.1 Wilcox, Mofflin 0 12 11' Greater Williams 0 7 9 ijlectrolytic Zinc 2 1 9 Farmers 1 11 9 David Jones 2 7 3 Anthonv Hordern' 0 19 0 Lustre "Hosiery ... 1 4 9 General Industries 0 19 3 General Industries (pref.) 1 3 9 North Broken Hill 9 0 0 Zinc Corporation 4 1 3 Larut 0 11 6 Placer Development 5 0 0 Tongkah Harbour 0 17 0

Commercial Bank of Australia 0 18 4 National Bank (£5 paid) ... 7 0 0 National Bank (£10 paid) 14 0 0 British Tobacco 2 0 3 G. J. Coles 4 1 0 Australian Iron and Steel (l>rcf.) 1 6 0 Australian Glass 4 12 9 Dunlop Perdriau (ord.) 0 18 8 Electrolytic Zinc (pref.) ... 2 4 0 Mount Morgan 0 14 0 Mount By ell 1 10 0 Broken Hill Pty 3 14 0 Broken Hill South 5 14 0 Genera] Motors 1 5 6 ‘ Herald ’ and ‘ Weekly Times ’ 3 9 0 Kauri Timber 1 r, 3 Myer 1 14 10* Yarra Falls 2 0 0 United Provisions 0 13 6