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Grey River Argus, 16 August 1934, Page 7

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(Per Press Association.) GHRISTCIIUKCH, August 15. i Sales on ’Change: Reserve Bank £6 6s 3d, £6 (is 6d (2); Goldsborough Mort. 29s 9d (4); Dunlop Rubber 19s; Bendigo Goldlights 2 : |d; Goldfield-. Dredging Is, Is Old, Is; Mount Lyell 20s 3d; Skippers 7Ad, 7d. AUCKLAND, August 15. Sales; North Auckland Farmers’ B pref. 5s 9d; Okarito 8s; Talisman Ils 9d; Comniercial Bank 16s; Zinc 26s fid; Waihi 3.15; N.Z. Newspapers 31s 3d; Bank of New Zealand 46s 8d; Australian Glass 51s; Reserve Bank £6 7s; Stocks 194!) £lO9, 1955 £llO. WELLINGTON, August 15. Sales: Amalgamated Brick and Pipe, Auckland debentures £lO2 10s; Comm. Bank Aust. ord. 15s lid; Comm. Bank Sydney £l6 17s; Alexander Cont. 14s lid; Reserve Bank £6 7s. DUNEDIN, August 15. Sales reported, late yesterday: Wilson’s Cement 30s J Ad; Goldfields Is ]d. LONDON, August 14. Gold 138 s 24d, dollar 510:], franc 76 5-16. WELLINGTON, August 15. The Commissioner of Rural Inter mediate Credit announces that at i I last meeting of the Rural Interim*' iate Credit Board it was decided that as from September I the rate ’of interest charged on its loans to farmers should be reduced from 6 P‘‘i cent, to 5 per cent, per annum. The

loAvcr 'rate will apply to existing loans granted by the Board. Promissory notes will !.»e discounted by the Board at a similar rate, and a co’texpending reduction will be made >" the. rate, charged by the Board to cooperative rural intermediate credit associations, so as to enable them to reduce the rate charged their borrowers to 5 per cent. r l’he maximum amount 'which the Board authorised to lend to any one farmer is £2090. BARRIE (Ontario), August 14. Premier Hepburn, renewing bis demands on Mr Bennett for monetary reform, declared that Australia had won a way out of the depression by controlled financ.es. LONDON. August 14. The Wheat Advisory Committee, consisting of representatives of 15 countries interested in exporting or m.porting iwheal. is meeting at the Board of Trade, to review the international wheat situation. The meeting is Ihc* first of a scries which may extend over the present week.