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Grey River Argus, 8 September 1939, Page 2

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N.Z. NEWSPAPERS DIVIDEND AUCKLAND, September 6. An interim , dividend at the usual rate of 8d a share has been declared by the directors of New Zealand Newspapers, Ltd., for the half-year ending September 30, payable on October 2. N.Z. SHARE MARKET. DUNEDIN, September 7. Sales: N.Z. Drug Co., £3 Bs. CHRISTCHURCH, September 7. Sales: Australian Consol Industrie (rights) 4s 6d (2). Reported: Government 4 per cent, stock, 1940/43 £99 ss, Woolworth’s (Syd. ord.) (laic yesterday) 235. WELLINGTON, September 7. Sales: Bank of New Zealand £1 18s 6d. South British Insurance £2 Is, Sales reported: Broken Hill £3 9s 3.1. TIN STATISTICS. LONDON, September 5. The world statistical* position of tin, at the end of July, compares with that, of recent months as follows, April, June, July and August returns being given in this order as follows: World visible supplies: 25,574 tons; 22,774 tons; 22,654 tons; 20,335 tons. Straits carry over: 5,042 tons; 1,203 tons; 2,167 tons; 1,677 tons. Supplies received: 9,660 tons; 7,630 tons; 8,322 tons; 7,970 tons. Deliveries: 9,400 tons; 8,669 tons; 8,442 tons; 10,289 tons.

WESTLAND CO-OPERATIVE DAIRY. The output of the Westland Cooperative Dairy Company for the season ended June 30 was 550 tons two quarters. The total gross pay-out to shareholders was at the rate of 16d per lb. butter-fat, and the average i pay-out, all grades, was 15.912 d. The ■ cost to f.o.b. per lb. butter-fat was 2.428 d. The average grade of butter was 94.036 per cent. The retiring directors, Messrs J. Marshall, J. T. Smith and J. J. McIntosh, were re-elected unopposed. At the annual meeting the followI ing resolutions were subnrtted and carried:— "That, as da.ry farmers, unable to pass our costs on, we urge the Gov- j I ment, in equity, to exempt from I Hie special defence tax motor spirits j I used in farm, stationary and traction i engines for productive purposes." j That, in. as much as the Government’s policy has resulted in a definite rise in costs to the dairy industry, it is imperative that the responsibility of maintaining the stability and expansion of the industry should rest with the Government through the medium of the present guaranteed price and State Marketing Scheme, and that as the basis for fixing the 193940 guaranteed price the Government, in equity, should adopt the recommendations of the 1938 Price Advisory Committee, the industry agreeing to forego cost increases since the committee’s finding."