COMMERCIAL

Grey River Argus, 17 August 1934, Page 7

COMMERCIAL

(Per Press Association.) CURIST(’.H (’R('lI. August 16. Ou ’Change: National Bank Aus’. <ts paid) £5 19s (id; Bank of New Zealand 46/6; Amalgamated Wireless (Gout.) 28s; .Bell-Kilgour sd; Goldfields Dredging 1/1 (2)5 Maerewhenua 7d; Moonlight-Nelson V reek .)d (2); Ranvang Tin 9/3. AUCKLAND. August 16. Sales: Westport-Stockton pref. ss; Talisman. 11/6; National Insurance 19/9; Auckland Gas 25/1; Goldsbo: ough Mort. 29/7-hl; Bank of New Zealand 46/8; Colonial Sugar £65; Harbour 51 £103; Bonds 194". £l"7 10s. DUNEDIN, August 16. Sales reported: Dominion Fertiliser 19/9, late yesterday. Standard Insurance 65/6. Goldfields 1/1. unlisted. National Tobacco 64/6. After call: Skippers 7d, Change 1946 Stock £ll*6 10s. WELLINGTON, August 16. Sales; Ru’iial Bonds £105; Waiiii 31s; Grand Junction 4/1-Jd.

The Akaroa brought about £53.00" worth of silver coin to be discharged at. Wel'ington and Lyttelton. The Port Gisborne, due at Auckland on Sunday, brings the final shipment of the new Dominion coinage. except ‘hat needed for replacement. LONDON, August 15. ♦Silver reached the highest price registered sinc.e 1929. rising a further one-eighth pence per ounce to 21 for eash, and 21 11-16 d forward delivery. It should be noted that 1929 was gold value., whereas to-day’s price is in sterling. DUNEDIN. August 15. The (Standard Insurance Company report states the net revenue for the year amounts to £171.366 3s sd, and expenditure to £123.693 Is Bld, leaving a. balance of £47 673 l.s 7d, with rhe balance carried forward from last' year, viz., £23,853 18s l()d. 11 was decided to pay a dividend for the half-year ended June 30, 1934. al the rate of Is 3d a share, £12,500. and carry forward to next year, £2O 027 WELLINGTON. August 15. The reserves and funds of th? State Fire Insurance office at December 31 last amounted to £991.087. as

compared with £952,299 in 1932. and £9lB 682 in 1931. The income from premiums in 193.“. was £201,351, in 1932 £208.493, and in 1931 £216 007. The various surpluses were £71.97: for 1933, £60.018 for 1932, and £41.799 for 1931.

The reduction in premium income was duo mainly to adjustment of the amounts insured to a lower level, in accordance with present-dav values. The reports of the accident insurance branch shows reserves and funds at December last were £342,508. compared with £324,753 in 1932. and £312 054 in 1931. The income from premiums during 1933 was £80.207. •ompared with £87.068 L, J 932, anti £102,061 in 1931. The reason for this 'all in income is the decline ri hvage returns, and the lack of employment. BEST N.Z. BUTTER. (Per Press Association.) PALMERSTON NORTH, August 16. At the meeting of the Company yesterday. advice ceived from l.itii'Lii , quality gU I Ina . ■

dent they can convince certain highclass buyers who have never yet been willing to handle New Zealand butter, they have something which will give absolute satisfaction. This is further testimony to the high quality of butter produced in Manawatu. Addressing the shareholders’ annual meeting of the Cheltenham Co-op. Dairy Co., the Chairman, C. G. C. Dernier, who is also a member of the Dairy Board, said it was generally admitted that the west coast of the North Islam] produces tne best butter of any locality in N’ew Zealand. The grading figures for butter from Mana w«itu were always ahead of anywhere else. Little doubt could be raised that Manawatu butter more than held its own with the rest of New Zeahfnd. JAPANESE BISCUITS IN N.Z. WELLINGTON, August 16. Japanese biscuits have arrived in New Zealand, but there is no immediate prospect of their sale. They are apparently in the category of manufactures in which Japan cannot compete with White producers. Samples

of biscuits have been sent to New Zealand, and Dominion manufacturers have found that they are able to make similar biscuits of better quality at a lower price. The biscuits are of two sorts, a kind of super-wine, and a biscuit with a lolly on top. and they ar«* identical in design with a well-known English make, even the name on them being copied. BRITISH ECONOMIC NEWS. (British Official Wireless.) RUGBY. August 14. The Ministry of Agriculture report on the acreage and production of crops and the number of livestock in England and Wales in the past year states that with a yield about equal to the highest previously recorded, and greatly increased acreage production, wheat was 468,06(1 tons, or 42 per cent, greater than that of the previous year. Notwithstanding the prolonged drough l . 1933 was favourable to all crops, except hay and roots, and was particularly good for com crops. With the exception of cattle, which showed an increase of 4 per cent, the numbers of livestock returned in 1933 were slight ly smaller than those of the previous year. Cattle increased by 262,000 to 672,000. the highest total on record the dairy herds being more numerous by 84,00(1. The total number of agricultural workers as being in employ ment in June, last year, was 795.546,

representing an increase of 3 per cent, on the previous year. 'l’he Exchequer return of receipts and expenditure during the current financial year to August 11, shows that, excluding self-balancingz items, the total of ordinary revenue receipts last week amounted to £10,865,745, and the total ordinary expenditure to £4, 912,492. Income tax collected during the week amounted to £3,643,000, and customs and excise represented £4,059, 000. The total yield of ordinary revenue for the financial year to date is £205,097,486, compared with £207,668,091, collected in the corresponding period of the previous year. Ordinary expenditure to date is £255,819,570, which compares with £253,729,882 at the date in 1933. RUGBY, August 14. Ibm-m rhe vvliich ■;»- ML V

£1.000,006 of 3} per cent. stock at par. Applications hav e already been received for £400,000. The amount available for public subscription is only £600,000. The list of applications will open and close to-morrow. Stock is repayable in 1964 with the option of redemption during the last LONDON. August 15. The Board of Trade returns for July show imports £58.026.000 exports £33.2|29.<400 t £4,128,000. The principal increases compared with July last year were:— Imports, living food animals £435,000. meat £472,000, beverages and cocoa preparations £857.000. wood and timber £1.878.000. rubber £B3B. 000. iron and steel and manufactures thereof £415.000. non ferrous metals £365.000, machinery £380,000. Exports: Iron and steel manufactures £713.000. machinery £547,000, cotton yarn manufactures £466.000, woollen ditto Deer.tisps; TmJrts,, grain and flour £503,00(1, other .pod £524.000, X rare Colton £1,077,000,j»tcl £411,0001 J