COMMERCIAL

Grey River Argus, 8 October 1934, Page 8

COMMERCIAL

AUCKLAND, October 6. Sates: New Zealand lnsurai.ee 69s Gd; Standard Insurance 69s 3d; Renown Collieries 4s 6d; Consolidated Brick Us; Grand Junction 4s 2d; Woolworth’s, Ltd., 78s. WELLINGTON, October 6. Sales reported: Oommercial Bunk of Australia 16s 3d; Bunk of New South Wales £32 7s 6d; National Electric Ss 2d. DUNEDIN, October 6. Sales on ’Change: Bendigo Go.dlights Hid. Reported: Bell-Kilgour 3Jd. CHRISTCHURCH. October 6. Sales on ’Change: 390 Com. Bunk Aust. 16/2 (3); 160 Goldsborough 30/7: 200 Anth. Hordern 16/- (2); 200 Broken Hill 53/- (2), 52/11 (2); 150 Cons. Brick 11/-; 200 Electro. Zinc (ord.) 27/6 (2); 200 Brian Boru J/3J; 1000 Mahakipawa lid; 400 Alt. Lyol.l 19/- /4); 100 Goldsborough 30/7; .1000 Golden Cully Hid, lid. WELLINGTON, October 6. The New Zealand Dairy Produce Board has fixed the minimum prices f'or c.i.f. sales on the basis of butter B{d, f.0.b.; cheese. 4|d. DUNEDIN, October 6. In the Dunedin market eggs have dropped Id per dozen during the week Guaranteed fresh eggs arc now realising lOd per dozen and storekeepers ’ 9d. N.Z. FILM REGULATIONS. LONDON, October 6. Objections to the New Zealand Government’s proposals to allow c x_ hibitors to reject 25 per cent, of the films contracted for, includii g Bri t’sh, having been cabled to England it is now authoritatively states that British producers do not object to the proposals. On the contrary, they welcome them as they are calculated to assist the dis’tr.iyxuCion -ot good British films to New Zealand. SYDNEY, October 6. On the Stock Exchange to-day. the following sales were made: — Commonwealth 4 per cent. Bonds — 1955. £lll 10s; 1957, £llo* 12s 6d; 1961, £lll. Commercial Bank of Australia pref. £9 IBs; Commercial Bank of Sydney. £l7 17s; Toohey’s 29s 3d; Anthony Hordern 16s 44d; Associated News 21s 9d; p:ef., 255; BrHish Tobacco 29s 3d; Dunlop Perdriau 19s 7ld; Wilcox Mofflin 10s Bd. BRUNNER COLLIERIES. The annual report of the Brunner CoFieries. Ltd., stated that after making provision for debenture interest, £1915, and depreciation on buildings plant and railway siding. £lBO7, the profit and Joss account for the year showed a credit balance of £lO9/. which had been transferred to appropriation account,' which had aso been credited -with a refund of £956 obtained in respect of an over-charge on electric power supplied to the company. A further £2OOO had been written off preliminary expenses and

share issue and debenture issue expenses. leaving a credi/ balance of £3BB. The director reconimende,] that the amount should be carried forward. The position of the company had been considerably improved during the year, owing chiefly to the Wallsend-Taylorville Estates having agreed to take up 3300 shares in satisfaction of a liability for roya ties amounting to £3300. This had reduced the company’s current liab lilies to a. very moderate sum. ve'l covered by floating assets. The prospect ,of a dividend being paid shareholders was now brighter than at any stage since the company commenced nnerations. Good prog'pss had been made in the development of the ne'v field, but the necessity of open ng ’t up to enable it to be worked to the best advantage had naturally affected *he daily output anj increased working cos-‘s. Since the end of the year however, the output had improved and this improvement shou'd continue from now on, with .consequent reduction in costs. The buildings and plant had been maintained in good order and condition, and additions totalling £lOB5 had been made during th* year.