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Grey River Argus, 4 October 1934, Page 8

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(Per press Association.) AUCKLAND, October 3. Sales; National Timber 14/3, Government Stock, 1955, £113; 1946. £lO9 ss ; 1941, £lll 7s Gd; Amalgamated Brick £lO4 10s; Woolworth’s £3 13s; Auckland Gas 26/G; Huddar.t Parker 365; Colonial Sugar £6B; Sanford (pref ) 11/3; Mahakipawa Wiai’tahu 2/2 Ad; Goldfields I h edging 114 d; Skippers 7d. CHRISTCHURCH. October 3. Sales: Commercial Bank of Australia 16/3. Bank of Nefrv Zealand 4.8/q, New Zealand Drcwieries -IS/2 (2), Tooth’s Brewery 48s. 47/10, 47/9, 47/8; Bell-Kilgour 3d (2), Br an Born 1/3 (2). Mossy Creek 1/8 Mt. Lyell 19/8 (3), Worksop Extended 2/2. Reported: Waihi (cum. div.) 34/9, Westport-Stockton (pref.) 4/10. DUNEDIN. October 3. Salos: Reserve Bank £6 9s, Mou? t Lyell 19/3, Bell-Kilgo.ir 2|d, Gilespie »s 1/9. GNconda Holdings 1/9. Sandhills Gd. Reported: Reserve Bank £6 9s, B;ank of New Zealand 48/9 (2), 48/10A. Refrig, (paid) 19/G. Refrig. (cont.) 9/44, Broken lli’l Pty. 52/3, Paper Mills 33/6. Woolv.orth’s (Sydney) 73/3 Mt. Morgan 33/ 9. Big River 1/71. Goldfields . 11 hl. Skippers 7d. LONDON. October 2. Gold 142/24. do’.lar 491), fran<- 7 1 3-16. LONDON, O-tobcr 2. At the wool sales, 8516 bale were offered, including 4394 Nei.V' Zealand. About 7870 Australian and New Zealand were sold. ('onipetit ion was sustained at full Kites. New Z-a'and halfbred lambs slipe. Kaiapoi, ton. 13d; average ll ! ]d. Greasy crossbred Kohata, 94d.

RUGBY October 1 The first half of the current financial yean ended yesterday. B r tain’s ordinary revenue for ‘he period wa< £273,883 OSG, exclusive of the selfbalancing items, anq ordinary expenditure £328 526,930. The deficit is about six mil’ions larger than t ihe corresponding date last year. The deficit was then £4B 590 135. There was nearly 40 millions surplus when the last financial year ended on March 31st. An increase in supply expenditure, nearlv six millions, was responsible for the Larger deficit. Exchequer receipts show a not doc-rease of onl> £1 852,756. There is an iimreasp of £7.516 000 in income lax, pribpblv due to a change in Die method of collection Death duties were 'owe’’ by four millions. A rise of £690 000 i». stamp duties is a'tributed lo in-c-cased Stock Exchange activity. Customs duties show an advance liast vear of nearly four millions, but ox< iso is down l>v £1.509.000. CAPETOWN, October 2As the result of negotiations between the Union and German Governments regarding the establishment of credit facilities to Germany for the purchase of South African wool, having thus far failed, the Department of Agriculture decided to make advances to wool fanners, thus serving to provide farmers, unable immediately to dispose of the clips, with part of their cash requirements.