Commerce, Mining, & Finance

Evening Star, Issue 22629, 22 April 1937, Page 9

Commerce, Mining, & Finance

OATMEAL MORIAH IN PRICE £Pbk Ukited Press Absocutiok.] WELLINGTON, April 22. An increase of £3 a ton in the price of oatmeal and rolled oats is announced aa from yesterday, making a total increase in the last six months of £6 a ton. Oatmeal is now £25 a ton. The advance is expected to represent a halfpenny a pound on the retail price. FOREIGN EXCHANGES (British Official Wireless.) Pnsa Association—By Telegraph—Copyright RUGBY, April 20. . The following are the mean closing rafts:— Paris, frsnc to £1 1107-16 New Pork, dollar to SI 4.321-16 Montreal, dollar to SI 4.911 Brussels, belgas to £1 29.181 Genera, francs to £1 21.551 Amsterdam, florin to £1 8.98| Milan, lire to £1 93£ Berlin, reichmarken to £1 ... 12.24 Stockholm, kroner to £1 19.39 s Copenhagen, kronen to £1 22.40 Oslo, kroner to £1 19.90 Vienna, schillings to £1 26} Prague, crowns to £1 1417-16 Helsingfors, marks to £1 226 Jr Madrid, pesetas to £1 ... 9211-32 Lisbon, escudo to £1 110 3-16 Athens, drachmae to. £1 547£ Bucharest, lei to £1 ... ' 670 Belgrade, dinars to £1 215 Warsaw, roubles to £1 ... ... 26.08 Bio de Janeiro, pence to milreis 4£ Buenos Aires, pence to dollar ... Montevideo, pence to dollar ... 59J Bombay, pence to rupee 18| Shanghai, pence to dollar 14} Hongkong, pence to dollar ... 14 5-15 Yokohama, pence to yen 14 Batavia, florin to £1 8.95jr

LOUDON STOCK EXCHANGE Pres* Association—By Telegraph—Copyright LONDON, April 20. Bank of Australasia, £9 17s 6d; E.S. and A. Bank, 96a 3d; Union Bank of Australia, £8 4s- 9d; Bank of NewSouth Wales, £29 10s; National Bank of New Zealand, 51s 3d; Bank of New Zealand, 33s 6d; British Tobacco, 40s; Goldsbrough, Mort, 30s; Dalgety, 182 s 6d; P. and O. Deferred, 35s 9d; New Zealand Loan and Mercantile 4 per cent, debentures, £96 10s; New Zealand Loan and Mercantile 4 per cent, debentures (ord.), £3B 10s. LONDON FRUIT MARKET The Otago Provincial Fruitgrowers’ Council Ltd. advises that the High Commissioner’s cabled report for the week ended April 17 on the London market i§ as follows: Apples.—Rotorua discharging fruit in good condition; markets are easier following heavier arrivals. English Cox’s still offering. Current prices .are: —Cox’s Orange, 13s to 16s; Jonathans, 12s to 14s; Worcester Pearmain, 10s to 12s; Dunn’s Favourite, 9s to 10s; Lord Wolseley and Alfriston, 9s. NORTHERN ROLLER MILLS [Fxx Ukitzd Faxes Association.] AUCKLAND, April 21. The Northern Roller Milling Company is paying a dividend or 4 per cent., against 6i per cent, last year. AUSTRALIAN STOCK EXCHANGES Press Association—By Telegraph—Copyright SYDNEY, April 21. A renewed easing in metal share values was the main feature of the Stock Exchange operations to-day. Industrial issues were steady to firm. Government loans are hardening. MORNING SALES.

COMPANY NEWS INCREASE OF CAPITAL LYSAGNT'S NEWCASTLE WORKS PTY. Lysaght’s Newcastle Works Pty. Ltd. has increased its nominal capital from £1,000.000 to £2,000,000, by the creation or 1,000,000 new £1 shares. The new capital, when eventually issued, will be used for plant extensions. Although tho nominal capital has been increased, this will not bo followed immediately by an addition to issued capital. It will, however, be taken up for issue in the future, and, when issued, will be used purely for such extensions. It was announced last year that the company had fyegun the manufacture of galvanised iron at sheet mills at Port Kembla, purchased a few months previously from Australian Iron and Steel Ltd,, and that it was proposed to erect new works there to accommodate plant twice the size of the existing plant. At Newcastle the company has 13 mills producing 1,100 to 1,300 tons black and galvanised steel sheets weekly, using sheet bar from the Broken Hill Proprietary Company Ltd., steel works, which its plant adjoins. The Port Kembla mill was stated at the time of the purchase to have a capacity of between 20,000 and 30,000 tons of galvanised iron a year. The Broken Hill Proprietary Company Ltd. has, it is understood, a substantial minority holding in the company.

LUSTRE HOSIERY LTD.

HANDICAPPED BY BUILDING DELAY Mr W. 6. Forsyth, chairman of Lustre Hosiery Ltd., said at the annual meeting recently that the company’s new building, which was to have been completed in the early part of May last year, was not completed until about the middle of October. Because the biggest demand for the company’s products was in the summer season, the delay of five months operated in an unfortunate manner upon the company’s affairs. As a result, it was impossible to reap any benefit from the building during the last season, but since the building had been completed and new plant installed, work had been proceeding satisfactorily. Mr Forsyth said that the company had been compelled to leave _ its old building before the new building was finished, and, in the meantime, it carried on in temporary premises. Coming at a time when the operations of the mill were at their maximum, the change-over handicapped the company’s activities. “ Since the new manager has taken charge in New Zealand, Mr Forsyth said, when referring to the company’s losses in that country, “ there has been a very substantial improvement, but a fair portion of last year was lost before he could be considered responsible for the work there.” Since the balance sheet was made put there had been increases in the prices of practically all the raw materials used by the company. He hoped that, as the company had bought fairly substantial supplies in advance, objectionable pricecutting would be eliminated from the sales policies of competitors. THE SEARCH FDR GOLD NEW HOKITIKA COMPANY Greenland Gold Limited was registered at Hokitika last week, and is •going to allotment. The company will take over the Mount Greenland quartz mine, nine miles from Ross. Twenty thousand shares have been subscribed. MURCHISON COMPANY TO ISSUE NOTES Directors of Murchison Gold De--velopment Company Ltd., Australia, have decided to create and issue £145,000 10 per cent, five-year notes, secured as a first charge on the company’s holding of shares in Emu Gold Mines Ltd. and Riverina Gold Mines Ltd., and secondly by way of a floating charge on the company’s undertakings and its other property and assets. The notes are redeemable at par on June 30, 1942, or at premium of £lO per cent, on or at any time after June 30, 1939, on three months’ previous notice by the company. The notes are also convertible into shares at par at the option of the note holder on or before June 30, 1942, or within two months after notice of earlier redemption. FIVE LARGE DREDGES OPERATIONS ON WEST COAST. The biggest concentrated attempt in the history of New Zealand to win gold by dredging on the West Coast is about if be put under way. _ Five huge dredges are either being built dr will be constructed as soon as steel is available, and one of these is expected to begin operations within a few weeks. One raining expert informed the Christchurch * Star-Sun ’ that about 1900 there were many small dredges operating on the Coast, but they were spread over a wide area and had small individual capacities. The present developments were much bigger than any before, and were of the greatest importance to the future or mining in this country, since in four out of five cases the bulk of the money had been supplied from overseas. The first of the new dredges to begin operations would be at Barrytown, and was expected to start about the end of this month. It would operate on the black sand deposits close to the foreshore,_ and had been financed by the Alluvial Tin Company. At_ Arahura the same company was building a dredge capable of working 300,000 cubic yards a month. Plans for this dredge, and for another to be operated by the company at Kaneiri wore complete, and the company was now waiting for the steel to construct the pontoons. In conjunction with an Australian company, British Developments Ltd. of Timarn, was financing a dredge at Ngahere. Constructional operations had not yet begun, but the company anticipated beginning dredging in about IS months. The fifth dredge would be onernted on tile Little Grey at Mawheraiti. and Hie company had boon formed by (be Rimu Gold Dredging Company. This new company had just gone to allotment, and expected to begin operations about the middle of next year. It would be able to treat 4,600,000 oubio, yards a year.

STOCK AND SHAREBROKERS.

TO INVESTORS IN STOCKS AND SHARES Investors are invited to transact their business through members of the Dunedin Stock Exchange. All Contracts are completed in accordance with the Rules and Regulations of the Stock Exchange Association of New Zealand. These have been approved and advertised in the ‘ Government Gazette.’ No member of a Stock Exchange in any part of the world is permitted to advertise shares fur sale or purchase. Persons, -firms, or companies who advertise shares for sale or purchase or employ canvassers are not 'members of the Stock Exchange. Tho following are tho members of the Stock Exchange:— C. H. Breeze, 21 Crawford street. D. J. Calder, N.Z. Express Buildings. Hamilton and Davidson, Stock Exchange Buildings. Logan and Vivian, N.Z. Express Buildings. VV. L. Goldsmith, Stock Exchange Buildings. J. S. Hislop, 105 High street. J. B. Laid law, 125 High street. Ralph Malcolm and Co., Stock Exchange Buildings. ffm. Brown and Co., N.Z. Express Buildings. W. H. M’Leod, Stock Exchange Buildings. N. and £. S. Paterson Ltd., 163 Rattray street. John Reid and Sons, 5 Liverpool street. W. E. C. Reid and Co., Edinburgh House. Sligo Bros., Stock Exchange Buildings. Fenwick and Reeves, Standard Insurance Buildings. Arthur M. Sidey and Co., A.M.P. Buildings. J. W. Smeaton and Co., 152 High street. W. B. fl. Statham, 320 Princes street. VV. F. Titchener, Queen’s Buildings. J. H. Walker, T. and G. Buildings. VV. J. Watson, Stock Exchange Buildings. Quick, Smith, and Black, Stock Exchange Buildings. v |

SHARE MARKET

OUHEDIH STOCK EXCHANGE A total of 24 sales, of which 19 concerned Australian mining, were made on the local Stock Exchange this morning, believed to be the largest list recorded at one call-over for a considerable period. Lyells, Morgans, and Electrolytic Zincs (ord.) were extremely active. From advice received by Stock Exchange members, metal prices showed a substantial rise in London following the announcement of the Budget, and the first sale in each of the three Australian companies indicated that the market was expected to rise. However, the hopes were unfounded, and although Mount Lyells rose over yesterday morning’s transactions, Mount Morgans fell further to buyers’ closing quotation of 14s 6d. Mount Lyells had six transactions at prices ranging between £2 6s 6d and £2 5s Bd, the final quotations being £2 5s 8d and £2 5s lOd. Mount Morgans, after being inquired for at 16s yesterday, eased to sales between 15s and 14s 9d, the final figures being 14s fid and 14s lOd, while quotations in this share a fortnight ago stood at 17s and 17s Id. The ordinary issue of Electrolytic Zinc came in for considerable business, and after sales at £2 18s 3d fell to transactions after the call at Is 2d lower, closing quotations recovering to £2 17s 9d and £2 18s. The banking section was active, with little, change in valuations, while other sections were quiet. BALES REPORTED. —Late Yesterday.— Union Bank, £ll 7s. Broken Hill Proprietary (cont.), £3 14s 9d. 4 per cent. Stock, 1945-49, £lOl 15s. —This Morning.— Regent Theatre, £l. 4 per cent. Bonds, 1952-55, £lO4. SALES ON ’CHANGE. —Late Yesterday.— Mount Lyell, £2 5s 6d. Mount Morgan, 16s. —This Morning.— Broken Hill Proprietary (cent.), £3 15s fid. Electrolytic Zinc (ord.), £2 18s 3d (2), on -i o- r>o 17. qj Mount Lyell, £2‘fis fid, £2 6s, £2 5s 10d, £2 5s 9d, £2 5s 8d (2). Mount, Morgan, 15s, 14s lid, 14s lOd (2), 14s 9d. SALES AFTER CALL. —Late Yesterday.— Commercial Bank, 19s 7d. Electrolytic Zinc (ord.), £2 16s fid. —This Morning.— Commercial Bank, 19s fid. Bank of New Zealand, £2 5s (3). Union Bank, £ll 7s. Electrolytic Zinc (ord.), £2 17s fid, £2 £2 17s 2d.

DIVIDENDS DUE Denton Hats Ltd.—lnterim, 3d a £1 sh&r6 ••• ~, ... ... Apr« 23 United Building, Auckland —Inerirn at 5 per cent, per annum Apr. 26 Okarito Gold Dredge—4d per 5s share Apr. 27 Bank of Adelaide—Half-yearly, final at 5 per cent, per annum Apr. 28 British Tobacco (Aust.) Ltd. — Quarterly, pref., at 6$ per _ cent, per annum Apr. 30 Claude Neon Ltd., Sydney—lnterim half-yearly at 15 per cent, per annum Apr. 30 Drug Houses of Aust.—lnterim, 3 per cent Apr. 30 United Provisions—lnterim preference at 8 per cent, per annum Apr 30 North Kalgurli (1912) Ltd. —Interim, 6d sterling a share ... Apr. 30 Associated Newspapers—lnterim, pref. and ord., 2 per cent. ... Apr. 30 N.Z. Investment, Mortgage, and Deposit Co.—Final, 3 per cent., making 5 per cent, per annum May 3 Mosgiel Woollen —Interim at rate of 8 per cent, per annum ... May 13 E.S. and A. Bank—lnterim, 3i per cent, (sterling) May Imperial Chemical Industry—ord., final 5i per cent. ... June 1 Bank of New Zealand —Final, ordinary shares, Is June XI Ntaional Bank of Australasia— At 6 per cent, per annum on both issues ~ PUBLIC TRUST OFFICE Estates of a value of £690,592 were reported and accepted for administration by the Public Trustee during the month. On March 31, 1936, the total value of the estates under administration by him was £60,660,310, and the new business for the year ended March 31 was £5,968,109. . Grants of administration made by the court in favour of the Public Trustee numbered 161 for the month. During the month 372 new wills appointing the Public Trustee executor were deposited for safe custody by liv- ; ing testators, and 329 existing wills were revised to provide for changes desired by testators.. The total number of wills now held in the Public Trust Office is 88,321. ADDINGTON STOCK SALE [Per United Press Association.] CHRISTCHURCH, April 21. Heavy entries were again the rule at Addington to-day, although they were not so large as those of last week. Good breeding ewes sold at an advance on last week, two-tooths making up to 38s 6d, sound-mouthed to 275, forward wethers up to 255, and ewe lambs to 29s 6d. Old ewes sold freely, with no change in values. Fat Lambs. —An entry of 2,300 sold at a shade more than export values. Fat Sheep.—About 6,000 were penned, and there was a strong sale for good wethers and ewes and an improved sale for export ewes. Best wethers made from 30a to 345, good 27s to 295, best wethers from 22s to 245, good 19s to 21s 6d, and inferior down to 15s. Fat Cattle.—There were 5,000 penned, and a weakening for all classes except a small showing of prime steers. Outstanding drafts of bullocks averaged from £l2 to £l3 10s, and in one case to £l4 3s, but except for a few heifers other cattle were down by ]os a head. Best heifers made from £7 UU to £0 U)s. and best cows from £8 10s to £lO. inferior brought from £4 to £5. Fat Pigs.—There was a slightly improved market. Porkers made 38s 6d to 50s 6d (average price per lb, s|d to 6|d)j baconers 49s 6d to £4 5s 6d (average 5Jd to 6d), ;

FOREIGN EXCHANGES

OH NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rates for purchase and sales of foreign exchanges (all rates subject to alteration without notice): — Buying. Selling. London—--100 stg. N.Z T.T. £124 £124 10/ O.D. £123 10 1 £124 8/9 Australia—£A to £loo' N.Z O.D. £lOl £IOO 10/ Fiji—£F to £IOO N.Z. O.D. £9O 7/6 £B9 New York— Dollars to £1 N.Z T.T. 3.9915 3.9552 O.D. 4.0040 3.9602 Montreal— Dollars to £1 N.Z T.T. 3.9836 3.9487 O.D. 3.9961 3.9537 Austria— Schillings to £1 N.Z T.T. O.D. Belgium— Belgas to £1 N Z T.T. O.D. Czechoslovakia — Crowns to £1 N.Z T.T. O.D. Denmark— Kroner to £1 N.Z T.T. 18.203 17.893 O.D. 18.263 17.903 France— Francs to £1 N.Z T.T. O.D. Germany— Reichsmarks to £1 N.Z T.T. O.D. Holland— Florins to £1 N.Z T.T. 7.333 7.183 O.D. 7.393 7.187 Italy— Lire to £1 N.Z T.T. O.D. JavaFlorins to £1 N.Z T.T, 7.313 7.153 O.D. 7.373 7.157 Norway— Kroner to £1 N.Z T.T. 16.182 15.892 O.D. 16.242 15.902 Sweden— Kroner to £1 N.Z T.T. 15.787 15.492 O.D. 15.847 15.502 Switzerland— Francs to £1 N.Z T.T. 17.510 17.240 O.D. 17.615 17.245 Noumea— Francs to £1 N.Z T.T. O.D. Papeete— Francs to £1 „ N.Z T.T. ' O.D. Hongkong— N.Z. pence to 1 dollar ... ... T.T. 18 19-64 18 51-64 O.D. 18 17-64 18 25-32 India and Ceylon— ' N.Z. pence to 1 rupee T.T. 22 3-8 22 21-32 O.D. 22 11-32 22 41-64 Japan— N.Z. pence to 1 yen T.T. O.D. Shanghai— N.Z. pence to 1 dollar T.T. 17 51-64 18 19-64 O.D. 17 49-64 18 9-32 Singapore— N.Z. pence to 1 dollar ... ... T.T. 34 23-32 35 13-64 O.D. 34 5-8 35 3-16 Ghefoo— N.Z. pence to 1 . dollar T.T. 17 25-32 18 13-32 O.D. 17 47-64 18 25-64

DOLLAR RATES. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates to-day on a New Zealand currency basis. They are subject to alteration without notice: — U.S.A. Canada. (Per £1 N.Z.) (Per £1 N.Z.) SELLING— T.T. (dol) ... 3.95 1-16 3.94 7-16 O.D. (dol) ... 3.95 9-16 3.94 15-16 BUYING— O.D. (dol) ... 3.99} 3.99 3-16 SYDNEY WOOL SALES Press Association —By Telegraph—Copyright SYDNEY, April 21. At the wool sales 12,326 bales were offered and 10,490 sold, while 660 were disposed of privately. There was good competition, with prices extremely firm. Good clearances were effected, and greasy merino sold to 27|d.

£ s. d. Commonwealth Bonds— 0 3 p.c., 1948 91 0 3* p.c., 1949 94 10 0 4 p.c., 1961 ... ... ... 100 13 9 Wilcox, Mofflin ... 0.14 3 Australian Gas (A) .... ... 7 4 6 Sargent’s 1 12 9 Broken Hill Proprietary 4 2 9 Electrolytic Zinc 2 18 0 (pref.) 2 19 3 General Industries ... ... 1 0 44 AFTERNOON SALES. Bank of New South Wales 38 2 6 Commercial Banking of Sydney ... 22 18 0 Queensland National Bank 5 15 0 Colonial Sugar ... Mercantile Mutual Insur45 5 0 ance (N.Z. delivery) ... 1 11 6 Adelaide Steam ... 1 12 6 British Tobacco 2 11 0 Tooth’s ... 2 17 6 Toohey’s ... ... 1 13 3 Coles 5 7 6 Australian Glass (N.Z. delivery) ... 4 12 3 Dunlop Perdriau 1 1 3 Guldsbrough, Mort 1 17 41 Winchoombe, Carson 1 16 9 Wilcox, Mofflin 0 14 4 Morris, Hedstrom 1 9 9 Electrolytic Zinc 2 17 9 Electrolytic Zinc (pref.) 2 19 0 Anthony Hordern 1 0 14 Australian Gypsum ... ... 1 1 9 R. Fowler 0 13 3 Pitt, Son, and Badgery ... 2 11 0 Clifford Love Amalgamated Wireless ... 2 15 4 8 18 0 Finney, Isles ... 1 11 0 Union Theatres (pref.) Woolwortha (ord.) ... ... 0 14 9 7 6 0 Mount Morgan 0 14 11 Mount Lyell 2 5 104 Zinc Corporation 6 18 0 Larut 1 0 3 MELBOURNE, April 21. 1 £ s. d. Comm. Bank of Australia 0 19 9 National Bank (£5 paid) 7 18 0 National Bank (£10 paid) 15 18 0 British Tobaooo ... ... 3 10 9 Carlton, Brewery S 2 S G- J- Cotee 6 7 0 Iron and Sttel '^prJ^ M 0 0 Dunlop Perdriau 1 l 4 Dunlop Perdriau (pref.) 1 15 0 Qoldsbrough, Mort 1 7 3 Electrolytic Zinc 2 18. 3 Electrolytic Zinc (pref.) ... 2 19 3 Victoria Nyanza 0 IS !) Mount Morgan 0 15 Mount Lyell 2 G 0 Broken Hill Proprietary ... 4 3 O North Broken Hill ..." ... 3 11 3 South Broken Hill ... 2 7 44 Emperor .... m 0 16 IP I X *

Quotations as under: — Buyers. Sellers. £ 9. d. £ 3. d. BANKING— New South Wales ... 38 0 0 Now Zealand 2 4 9 2 5 6 New Zealand, Long “D” 1 7 6 Commercial 0 19 5 0 19 7 Commercial (prcf.) ... 9 6 0 — E.S. and A — 6 12 0 National of New Zealand _ 3 5 0 Union of Australia Ltd 11 6 0 11 8 0 INSURANCE— National — 0 17 6 0 18 0 SHIPPING— Howard Smith ... ... 1 3 9 Huddart, Parker (ord.) 2 0 0 U.S.S. Co. (pref.) ... 1 6 6 — MEAT PRESERVING— Gear 0 17 3 N.Z. Refrigerating (paid) ... , v ... 0 19 9 N.Z. Refrigerating (cont.) - 0 9 0 £oan and agency— Goldsbrough, Mort_ ... 117 0 1 17 3 Mortgage Corporation 3| per cent. Stock 98 10 0 National Mortgage ... N.Zf Loan and Mercantile (ord.) JL. 2 14 51 10 9 0 N.Z. Guarantee Corporation 0 4 9 _ Otago Farmers’ Co-op. 0 4 0 — Otsgo Farmers’ Co-op. (A prcf. 1 0 19 0 ■ Perpetual Trustees ... 2 18 0 3 4 0 Trustees, Executors, and Agency 3 12 0 Wright, Stephenson (ord.) 0 18 9 _ .Wright, Stephenson .(prof*), «,-»*•« 0 19 6 \ ft 3

COAL— Kaitangata 1 3 3 Westport 1 3 6 ■ — Westport-Stockton (ord.) 0 2 0 - WOOLLEN COMPANIES— Bruce (ord.) ... ... — 0 15 0 Kaiapoi (cont.) — U 5 6 Mosgiel 10 0 0 10 10 0 MISCELLANEOUS— Anthony Hordern ... 10 0 Australian Glass — 4 11 3 Australian Iron and Steel (pref.) British Tobacco 1 6 0 2 11 0 — Broken Hill Proprietary • 4 1 6 4 3 6 Broken Hill Proprietary (cont.) 3 14 0 Brown, Ewing (pref.) 1 2 6 ■ Consolidated Brick ... — 0 8 8 Crystal Ice Co. 1 18 0 2 3 0 D.I.C. (ord.) 0 16 9 — D.I.C. (pref.) 1 3 9 ■ Dominion Fertiliser — 14 3 Dominion Rubber ... — 1 16 0 Dunedin Stock Exchange Proprietary 2 2 6 G. J. Coles .; 5 4 0 b b U Hume Pipe — 10 3 Kauri Timber 1 3 9 14 6 Milburn Lime and Cement _ 1 18 9 National Electric ... — 0 14 3 N.Z. Drug Co — 3 16 0 N.Z. Farmers’ Fertiliser 1 0 3 N.Z. Newspapers — 1 18 6 ‘ Otago Daily Times ’ 2 6 0 — Regent Theatre — 10 6 Smith and Smith (pref-) 1 1 0 Wilson’s (N.Z.) Cement 1 15 0 Woolworths (ord.) ... — 8 0 0 BREWERIES— New Zealand 2 19 9 Staples’ — 1 16 0 Dominion 2 0 0 — Tooth’s — 1 17 3 UNLISTED STOCKSWoolworths (Sydney, ord.) 7 10 0 OVERSEAS MINING— Broken Hill South (5s) 2 5 0 Electrolytic Zinc (pref., £1) 2 19 6 Electrolytic Zinc (ord., £1) 2 17 9 2 18 0 Mount Lyell (£1) ... 2 5 8 2 5 10 Mount Morgan (2s 6d) 0 14 6 0 14 10 Placer Development Rawang Tin (10s) ... — 5 3 U 0 10 9 0 12 9 GOLD MINING— Big River (Is) 6 0 2 0 Clutha River (2s) ... 0 2 — Gillespie’s (Is) 0 1 6 0 18 Goldfields Dredging (Is) 0 0 4 Molyneux River (2s) 0 2 3 — Nokomai (5s) ... ... 0 2 0 0 2 3 • Okarito (5s) 0 3 4 * Paddy’s Point (5s) ... — 0 2 0 0-0 4 Skippers (Is) Waimumu Sluicing 9 8 (Is) Waipapa Beach (Is) 0 0 0 0 0 0 10* 0 2 1 Waitahu (5s) N.Z. GOVERNMENT LOANS3i p.c. Stock, Nov., 1938-52 ••• 101 10 0 — 3i p.c. Stock, March, 1941-43 ••• 100 10 0 — 34 p.c. Stock, Sept., 1941-43 100 10 0 — 34 p.c. Stock, May, 1941-52 101 10 0 — 34 p.c. Stock, Nov., 1941-52 101 10 0 — 4 p.c. Bonds, 1943-46 102 10 0 — 4 p.c. Stock, 1943-46 102 10 0 — 4 p.c. Bonds, 1946-49 101 10 0 * 4 p.c. Bonds, 1952-55 103 15 0 — 4 p.c. Stock, 1952-55 103 15 0 — 3 p.c. Bonds, 1939-41 96 0 0