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Evening Star, Issue 22515, 7 December 1936, Page 12

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, FOREIGN EXCHANGES. (British Official Wireless.) Press Association—By Telegraph—Copyright RUGBY, December 5. (Received December 7, at 11 a.m.) The following are. the mean closing rates:— !, . t Paris, franc to £1 105 9-32 New York dollar to £1 ... ... 4.89$ Montreal, dollar to £1 ... 4.89| Brussels, belgas to £1 28.954 Geneva, francs to £1 21.31$ Amsterdam, florin to £1 ... ... 9.01 Milan, lire to £1 ... 933-16 Berlin, reichsmarken to £1 ... 12.17 , Stockholm, kroner to £1 19.391,' Copenhagen, kroner to £1 22.40 Oslo, kroner to £1 ... 19.90 Vienna, schillings to £1 ... ... 264 Prague, kroner to £1 ... 138$ Helsingfors, marks to £1 226$ _ Madrid, pesetas to £1 ... Nominal Lisbon, escudo to £1 ... 110 3-16 •Athens, drachmae to £1 ... ... 5474 •Bucharest, lei to £1 ... ... ... 667| Belgrade, dinars, to £1 ... -... ... 213 •Warsaw, zlotys to £1 ... ... ... 26.06 •Rio de Janeiro, pence to milreas 4i Buenos Aires, pence to dollar ... 36 •Montevideo, pence to dollar ... 39J Bombay, pence to rupee 184 Shanghsi, pence to’ dollar ... ... 14 9-16 Hongkong, pence to dollar ... ... 14 15-64 Yokohama, pence to yen 13 29-32 Batavia, florin to £1 ... ... ... 8.974 •Sellers. SYDNEY STOCK EXCHANGE. Press Association—By, Telegraph—Copyright SYDNEY, December 7. (Received December 7, at 2 p.m.) Bonds: 4 per cent., 1941, £IOB 7s 6d; 1953, £lOl 10s. Shares: Bank of New South Wales, £33 15s; Tooth’s, 54s 3d; Anthony Hordern, 18s 9d; Associated News, 23s 6d, pref. 23s 3d; British Tobacco, 465; Broken Hill Proprietary, 80s, new issue 68s, 3d; General Industries, 19s; Sargents, 29s 3d. , , GOLDEN DAWN RETURN. *, Golden Dawn reports that for 20 working days to November 23, 615 tons of ore were treated for a return of £2,020, with hold at £7 2s an ounce. LOSS SUSTAINED BY DEEP LEAD LTD, ■ A Joss of £526 was incurred by Deep Lead ; Ltd. for the year ended June 30, as _ against a profit of £629 in the previous year. The directors state that the year was a difficult one owing to monetary loss and loss of working time caused first by fire, second by damage to the water race, third by flood, and last by a serious breakage of machinery. The output of the mine was 3450 z 12dwt, which melted out at 3240 z lldwt for a net return of £2.397. Gold tax paid amounted to £203. With £l4B brought in, a debit •of £378 is carried forward. PADDY’S POINT GOLD MINING, The profit and loss account of Paddy’s Point Gold Mining Company Ltd. for the year ended October 31 shows a nett operating profit of £1,394, from which has to be deducted the cost of the lapd purchased in Waitahuna, the cost transferring the plant and pipe line, and the cost of new pipes and plant obtained at that time. This further expenditure reduces the nett profit to £7OB 17s 7d, and the directors feel that the financial position of the company is sufficiently satisfactory to warrant the payment of a 5 per cent, dividend. They have accordingly declared a 5 per cent, dividend, payable on December 15. BRIAN BORU GOLD DREDGING. In submitting the fifth annual report and statement of accounts of the Brian. Boru Gold Dredging Company Ltd., the directors report that the company has not yet reached the protitearning stage. In April last the directors accepted the tender of the Dispatch Foundry Company Ltd. to recondition the dredge. This work was done at a cost of about £I,BOO, and the dredge recommenced on October '5 -last. In the course of a very short time, however, the wash which had been located when the present dredgemaster (Mr W. B. Hepburn) was testing the ground in 1936, unfortunately ran out, and the dredge ran into slurry, clay, and old tailings with a rising bottom. The bottom is ,now dipping, and the wash appears to be making again. The dredge is functioning well, and, apart from requiring some pins, bushes, etc., is in first-class order. The whole of the cost of repairing and reconditioning the dredge has been charged to profit and loss account, and as dredging operations were only recommenced two or three weeks before the close of the year, the debit to profit and Joss appropriation account is necessarily heavy. By the date of the annual meeting it will probably be definitely known whether or not the dredge can reach payable ground within a reasonable time, and the future of the company can then be decided upon. The retiring directors are Messrs A. Dounellan and T. Deere, who, being eligible, offer themselves for re-elec-tion, and notices of intention to nominate the Hon. 'G. R. Hunter and Mr C. M. Kavanagh have been received. The statement of accounts shows that the estimated value of 270 z of gold won but not sold is £2OO, and the net loss is . £3,431, making the total debit balance in the profit and loss appropriation account up to £5,283. SALES ON ’CHANGE: THIS DAY. Christchurch.—New Zealand Government 4 per cent, inscribed Stock (194649), £lOl ss: Westport-Stockton Coal, Is 6d; Dominion Builders’ Sunplics, 4s; Hume Pipe (Aust.), 20s 9d (2); Mount

Morgan, 155.. Reported: New Zealand Breweries (cum div.), 53s lOd; New Zealand Farmers’ Co-op. 4i per cent. Stock (1942), ■ late sale on Saturday, £94 10s. Wellington.—Staples’ Brewery, £1 17s 6d; Broken Hill, £3 19s 9d; Mount Morgan, 15s. Auckland.—Morning call: WestportStockton, Is sd; Northern Steam, 4s 7d; Mount Morgan, 14s 9d, 15s 3d; Beaths, 235; Bank of New Zealand, 42s 3d: N.Z. Breweries, 53s lid; Broken Hill, 78s 3d. Noon call; Australian Glass, 86s ; Broken Hill, 79s 3d; Mount Morgan, 15s 3d. Our Auckland correspondent telegraphs:—A fair list of sales was recorded at the first call of the week on Exchange. Bank of New Zealand shares were steady, with fresh business ut 42s 3d and a subsequent market between 42s and 42s 9d; otherwise there was little interest in the banking section. Insurances also were quiet, only New Zealauds and South British being inquired for. Sellers of the latter dropped back to 90s fc'd, and there were no buyers. In the woollen section and in timbers only one lino was asked fur —namely. Kauris, for which buyers were at 25s and sellers Is higher. Farmers' Trading (ord.) shares wore on offer 3d lower at 20s 9d, and buyers moved up to 20s Cd. Amongst the Australian industrials Broken Hills had further changes, and after a sale lower at 78s 3d the market firmed up to buyers 79s and sellers 79s 6d. Coles were again in active • demand, with buyers 6d higher at 86s 6d and sellers 88s. Glass shares were close to business with quotations to 86s. N.Z. Breweries improved with a sale 5d up at 53s lid, after which sellers dropped., with buyers still in at 53s 3d. Dominion Breweries bad unsupported sellers at 41s for the old shares and 40s 3d for the new. Government stocks were quiet, with few quotations,