FINANCE

Hawke's Bay Tribune, Volume XXII, Issue 154, 15 June 1932, Page 11

FINANCE

STERLING EXCHANGES. British Official Wireless Service Rugby, June 13. The following quotations of exchange are current to-day compared with those of June 12 and par:—

THE PRICE OF SILVER. British Official Wireless Service RuVb*', June 13. Silver is quoted at spot l/4Jd, forward 1/4 15-16 d. BASE METAL QUOTATIONS. London, June 13. The official London (middle) quota tions for to-day compare as follow with those previously cabled:—

BROKEiM HILL SOUTH, LTD. Wellington, June 14. Cable advice received from Broken Hill South. Ltd., by the New Zealand Stock Exchange Association stated that a dividend of l/s per share had been declared payable at Melbourne on August 12. The books will close on ■Tune 24. The dividend will be paid out of profits derived from sources other than mining at Broken Hill. At present the metal prices operations at the mine are being conducted at a loss. SUCCESSFUL FURNITURE SALE. Messrs H. J. Riddell and Co. report Having held a very successful sale of furniture and sundries in their mart yesterday. There was a large attendance of the public and bidding was keen all through. Sbma of the sales were:—Suite of furniture £l3, divan chair £3 10/-, duchesses £’3, £2 5/- and £1 10/-, Morns chairs £1 15/- and £1 7/6, Tallboy £2 5/-, 3 single bedsteads at 33/6, mattresses £1 10/- and 5 at 13/6, dining chairs 9/-, pictures 4/-, 5/6 to 8/-, and a lot of sundries at full market rates. UNITED BUILDING SOCIETY ANNUAL MEETING IN NAPIER

The second annual meeting of shareholders of the United Investment and Building Society of Hawke’s Bay was held yesterday afternoon, Mr Guv Rochfort presiding. The following annual report for the year ended April 30, 1932, was adopted.—

“In presenting the accounts for the second year of the society’s operations, your committee has to congratulate members on the satisfactory progress the society continues to make. The past year has been a most difficult oue and your committee has had to pursue a most conservative policy to ensure that operations shall not result in serious losses. This policy has been fully justified by the fact that in spite of all the adverse conditions, the year’s operations have resulted in a net profit of £291 17s 6d. Applications for loans totalling £6450 were considered and £2550 granted. “The retiring committee are Messrs E. C. Pirie, A. M. Retemeyer and A J. Turville who have been duly nominated, are eligible and offer themselves for re-election. It will be your duty to elect an auditor. Mr C. Douglas Wilson is the retiring auditor. “Your committee has decided to n:n a dividend of 5 per cent per annum on capital shares and 5 pel - cent on subscription shares, and to write oh half of tho preliminary expenses of £36

The retiring members of the committee, Messrs E. C. Pirie, A. -M. Retemeyer and A. J. Turville were rc-elect-ed by the meeting as was also the auditor, Mr C. Douglas Wilson. Votes of thanks to the secretaries (Messrs A. M. Retemeyer and H. E. Edgley), to the valuers and to the -hairman concluded the meeting.

par June 12 June 13 Pans, tr. to £ 124.21 93 5-16 93 5-16 N.Y., dol, to £ 4.86J 3.672 3.673 Montreal, dol. to £ 4.86i 4.24i 4.26 Brussels, bet. to £ 35.00 26.35 26 3-8 Geneva, fr to £ 25.225 18.82J 18 13-16 Amst-dam, fl. to £ 12.187 9.07i 9.07J Milan, lire to £ 92.46 713 71 11-16 Berlin, inks to £ 20.43 15.52* 15 9-16 St’boim, knr to £ 18.159 19.50 19J Chagen, knr to £ 18.159 18.30 18 5-16 Oslo, knr to £ 18.159 20 1-16 20J Vienna, schge to £ 34.585 36* 36J Prague, knr. to £ 154.25 1233 124 lief tors, inks, to £ 193.25 215 215 Madrid, pea to £ 25.225 44A 44 5-8 Lisbon esc to £ 4.50 110 111) Athetit, drach to £ 375 570 570 Bucharest, lei. to £ 813.6U 617* 617 J Rio de J., p. t<. mil 16.70 ■ •» B Aires, p. to peso 47.62 34* 34* M. Video, p. to peso 51 30’ 31* Bombay, p. to rup 18 17 15-16 17 15-16 •Shanghai, p. to tael - 19J 19 29-32 H. Kong, p. to dol. - 15 3-8 15 11-32 Y'hama, p. to yen, 24,582 21 5-8 20 5-8

June 9 Per ton Juno 13. Per ton. £ 8. d. £ s. d. Copper— Standard fwd 26 9 41 27 4 41 Standard spot 26 6 3 27 0 7i * Electrolytic 3(1 0 0 3.1 0 0 to 3.1 10 6 31 10 0 Wire bars .. 31 10 0 31 10 0 Lead— Spot 1 3 9 9 10 0 Forward 15 0 9 IS 9 Spelter— Spot .. .. 11 7 6 11 11 3 Forward ■■ — 11 18 9 Tin— Spot .. .. 109 7 6 115 2 6 Forward 111 17 6 117 12 6 Silver— Standard, per OZ 16 15-16d I61d Fine, per oz. 18 5-16d 18 7-8 dl Fine, per oz. 18]d 18 3-16d. •American 5.372 cents per lb.