COMMERCIAL.

Grey River Argus, 10 December 1926, Page 5

COMMERCIAL.

HIDES MA'KKET. MELBOURNE, December 9. At the hide sales to-day, Hie demand was general, previous values being unchanged. DAIRY CONTROL UPHELD. WHANGAREI, December 9. A meeting of tho North Auckland Provincial Farmers’ Uniqn passed a resolution supporting the Daily oaii and deprecating Sir George Elhott s criticism of the Board. P. AND O. PROFITS. "LONDON, Doc. 9. The P. and O. Company’s balance sheet shows the divisible part of the profits is £400,746. To the reserve £20(1,000 is being added and the sum carried forward is £56.034. U. & O. LINE’S PROSPECTS. i LONDON, Dec. 8. At the meeting of the P. and O. Com- • pany’s shareholders. Lord Inchcape 1 Chairman, referring to the prospect oi 1 competition from aeroplanes and air- ’ ships, said he did not believe thp 1 prophesies that they would hit shin- ‘ ping companies badly during the next few vears. The Peninsular could hold J its own for many a long day. Although - !mer shipping at present was doing badly, a conservative statement prepared, by the accountants showed that if the ? Company were wound up, and the ships and investments sold at current rates, they could discharge the full obliga tions to the preference shareholders and give deferred stock holders mon i than tho present market value of th-. < | holdings. | He mcr.t.ior.e'l ♦’hat the coal strike had. cost the Cunqain £230.<)'.)0 ext i- for coal al.-no.