COMMERCIAL.

New Zealand Herald, Volume XI, Issue 3987, 22 August 1874, Page 2

COMMERCIAL.

New Zealand Heealu Oflice. Friday evening. The Customs duties collected to-day amounted to £451 Ss. 3d. The following are the items :— £ s. d. Brandy 50 2 9 Whiskey 21 3 7 Geneva 11 5 0 Rum 21 13 2 Sweetened Gin 51 17 6 Wine 25 S 0 Sugar C 5 4 10 Tea S5 3 0 Tobacco 54 7 6 Ad valorem 57 S 3 Sundries 748

E. Arthur reports having sold at his mart, this day, poultry, at the following prices:—Fowls, 2s Id to 2s Od each; Spanish fowls, 4s; Brahmas, 2s Od to 3s Sd; ducks, 2s 4d to 3s 3d; turkeys, 2s 8d to 4s Sd: geese, Ss 3d each. Auck and cured bacon and hams, Did to 9Jd per lb.; lard. SJd; beef, lid to 2d per lb.; flour, £13 to£l4 per ton; oranges, 5s fid to 6s per case; American oats, 4s 6d to Ss per bushel; butter, Sd to Is 2d per lb.; Canterbury cheese, Sd to SJd; oatmeal, 3d to 3M per lb.; sausage skins, 4s Od per lb. But little groceries brought for A-ard. New furniture not

At Messrs. Tonks and Co.'s produce sale to-day, 150 sacks first-class malt sold at 4s Cd; 120 sacks wheat at 4s Cd; and a line of barley at 4s 6d. The hops were sold privately at a good figure. GENERAL AVERAGE BONDS. "We have been favoured with the following circular from the .Merchant Shipping and Underwriters' Association (Lloyd's Agents) of Melbourne:— "The committee of this Association having been requested to consider the form of general average bond, hitherto commonly in use in this port, and feeling that there is a necessity for alteration in its conditions, submit for general information the annexed copy of a circular recently issued by Lloyd's, and recommend for adoption the form of bond thereto attached.—By order of the committee. J. St. Vincent Welsu, Secretary. Melbourne, May 8, 1574 "Llo.id's, E. C IS73.—The attention of the agency committee of Lloyd's having been directed to the forms of average bonds, some of which are frequently of an objectionable nature, their have referred the subject to the consideration of the best authorities, and the annexed form has been prepared, which it is considered, while protecting the interests of the shipowner, willleave the merchants and une'erwriters unfettered in the treatment of the average. In the bond commonly used the accident which gives rise to the average is assumed and admitted, and can never afterwards be questioned, however unfounded may be the statement upon which it is made. A second objectionable practice is that of constituting it an arbitration agreement, referring tho average to one firm, without appeal and without power of correction. It is the merchant and not the underwriter who is bound by the average agreement, and as the merchant is precluded irom questioning the -staterneat when made up, although he may be aware that the particulars alleged in it havo no foundation in fact, he may lie placed in the position of having assumed, on behalf of the underwriter, a liability which the latter is not prepared to accept, and which therefore may revert to the merchant -a practice which, in some cases, might operate very seriously to his prejudice The alterations proposed by the committee l;eing of so simple a nature, and merely designed to obvi.-tte an evident evil, it is hoped they may be neierally approved and adopted.—l am, i-c, 15. Ciiarlks Stephenson, Secretary.

" Form of Average Bond recommended by Lloyd's: —An agreement inadethis day of , IS7 between , master of the ship or vessel called the , and the several persons whose names or firms are set and subscribed hereto, being respectively consignees of cargo on board the said ship, of the other part: Whereas the said ship lately arrived in the port of , on a voyage from , and it is alleged that during such voyage she met with bjd weather and sustained damage and loss, and that sacrifices were made and expenditure in' curred which may form a charge on the cargo or some part thereof, or be the subject of a general average contribution, but the same cannot be immediately ascertained, and in the meantime it is desirable tint the cargo sbv/idd be delivered : now therefore these presents witness, and the said master on his own behalf and on behalf of his owners, in consideration of the agreement of the parties hereto of the second purt hereinafter contained, hereby agrees with the respective parties hereto of the second part that he will deliver to them respectively th, ir respective cons.gnments, on payment of the freight payable on delivery (if any), and the said parties hereto of the second part, in consideration of the said agreement of the said master, for themselves severally and resner tively, and not the one for the others of them? hereby agree with the said master that they will pay to tho said master or the owners of the said ship (lie uroiier and respective proportion of any general avma m particular or other charges whic'h may be char Able upon their respective consignments or to which the shippers or owners of euch cousienments may be liable in respect thereof to contribute to such dauiace loss, sacrifice, and expenditure, and the said partite hereto of the second part further promise and a-reo forthwith to famish to the captain or owner of the said ship a correctaccount and particular of the value of thejgoods delivered to them respectively, iu order that any such general average and other charges may be ascertained and adjusted in the usual manner In witness."

CALLS AND DIVIDENDS.

The following are the current calls and dividends cayable in the companies named below:— " Calls— & s. d. Date. Windsor Castle .. 0 0 6 — Aug. 29 Tbokey .. ..060 — Aug. 26 Alburnia 0.6 0 — Sept. 9 Rons of Freedom .. 0 2 6 — Sept. 1 Morning Star .. ..010 — Sept. 0 Dividers— Tokatca .. ..020— Ang.2i

AUCKLAND STOCK AND HININO REPORT.

Quotations —Auaurr 81,1874. BuiiuM Closing Price,, done. Bnyer».| Seller*. . ! Rank of N'ew Zealand - - «715/ National Bank.. .. — — 71/ S. B. Insurance .. 83/ 52/0 — National Insurance — — f»{ Standard Insurance .. — — 15 ' Thames Gas .. .. — S 6 ' ~ — WJ3T - 82/6 80/ - AiS-(^r Ü b?n,r 5 J = Caledonian .. .. - SIO I I £ oeS 6 City of London •■ ~ ~ ; -£'° Crown Prince .. .- 27/8,27/ — ISI Moaoatairi - — ! «/ Union Beach .. •• I°/ _ i ~ Golden Calf, new Issue - - I 3/6 Golden falf, double .. - — 10/ City of York .. ■■ - - 9/6 Old Whau .... 50/ - ■ - (Jure ~" 11/ . 11/° Exchange .... — —53/ Waitemata .. ■■ — — 2'3 J. Newman, Chairman.

WEEKLY REPORT. The sliare market has been quiet this with a downward tendency in mining stocks gcmi.-ally, and few transactions reported in Bant or ,-nsurance shares. Bank of New Zealand, sellers £IY lss. no sales- National Lank, sales 70s 6d; South british Insurance, sales 513 to 535, buyers 52s 0d; National Insurance sellers, small parcels, 295: Thames Oas, sales 35s Cd buyers 35s Cd: Union Sash and Door Company, *9 ss-' Caledonian, sales £3 to £S 10s, buyers £3 10s; Alburnia sales 33s new issue, wanted paid-up 37s 6(1, contributing 335; City of London, sales 27s Od to 2Ss 6.1- buyers 27s 0d; Bright Smile, sales S2s od, sellers SSs- Old Whau, sales 50s; Nonpareil, sales paid-up. 0s; Golden Calf, sales paid-up 7s 9d and nevr 3s Gd; Albion, sales first issue UOs, buyers 60s; All Nations, sales 10s ; Waitemata, sales 2s ; Union Beach, sales 10a; Crown Prince, sales 27s 0d and 275, sellers 235. Joseph Newman R. Frater Charles Alexander G. Kirton E W Walker Alexander Saunders J ' IS. Morpeth J. T. G.irlick R Garliek Thos. Hunter John Mowbray H. E. Williams D B. Orchard J. Friar Clarke J. S. Reid.