DEVONPORT FERRY CO.

New Zealand Herald, Volume LXIV, Issue 19660, 11 June 1927, Page 9

DEVONPORT FERRY CO.

DIVIDEND OF 1\ PER CENT. REPORT' FOR PAST YEAR. The report of the Do von port Steam Ferry Company for the jc-r ended April 30, to be presented to the annual meeting ori Juno 20, states ' that the. profit and loss account, .after making, allowance for depreciation, shows a net profit for the year of .£9288 10s Id. . The balance brought forward last year, after payment of dividend, amounted to £402 8s 2d, making a total of £9690 18s 3d. An 'iqterim dividend at the-rate of per cent, per annum for the half-year ended October 31, 1926, was paid, -which absorbed £4612 19s 9d, leaving a balance to tho credit of the profit and loss account of £5077 18s 6d. <. The directors recommend a dividend at tho rate of per cent, for the half-year ended April 30, 1927, which will absorb £4637 16s 2d, leaving a balance to be carried forward of £440 2s 4d. Tho retiring director, Mr. E. M. Coleman, is seeking re-election. Following is a comparison of the company's results for tho last three years:— 1924-5. 1925-6. 1926-7 £ £ £ Brought forward s. 365 417 402 Net profits a 78G9 7803 9288 Dividend— Rate per cent. ® 7i 7i 7J Amount .. . '.-.i 7818 7818 9250 Carried forward r.- £417 £402 £440 The capital of the company consists of 150,000 £1 shares, of which 125,089 are shown as allotted, against a paid-up capital last year of £104,241. Reserve funds amount .to £36,517 10s, comprising reservo account, £15,867 10s; insurance account, £12,400; accident insurance fund, £3000; boiler renewal account, £3000; provision for income tax, £2250. Steamers, plant, property and mortgages are set down at £190,169, as against £145,078 last year. CANADA AND GERMANY. TREATY PROPOSALS FAIL. (Received June 10, 5.5 p.m.) A. and N.Z. OTTAWA, June 9. Negotiations for a trade treaty between Canada and Germany have fallen through. It was proposed that Germany should extend to Canada its "favoured nation" tariff, and Canada particularly sought a low tariff on exports of flour. Germany declined this feature, however, and the entire matter was dropped. MARKET REPORTS. FRUIT AND PRODUCE PRICES. Apples wero in fair demand at the Auckland City Markets yesterday, the prices being on a par with those realised at Tuesday's sale. Values have remained steady throughout the week. Best quality dessert apples realised 7s to 10s a case. . Choice dessert pears remain m good demand, prices ranging from 9s 6d to 10s 6d a case. Cooking pears also continue to meet with keen inquiry. Hothouse tomatoes were sold in fair quantities yesterday, values remaining steady. Raro-* tonga n tomatoes bought readily at 9s to lis a case. Prices for grapes remain steady, fair supplies being offered. Keen competition existed for which sold at 22s to 27s a case, an increase of Is on Tuesday's values. Supplies of Syclney Navel oranges which arrived early in the week sold at an increase of 2s, but other varieties remained steady. No pineapples were offered yesterday. Tho market was exceptionally heavily supplied with most kinds of vegetables, and there was a fair demand, prices comparing very favourably with lata rates. ■ Increasingly heavy supplies of eggs and only a moderate demand have resulted in a decline of ,2£d a dozen for heri eggs on last week's values. Duck eggs fell $d a dozen. A keen demand existed for farmers' butter, best grade realising up to Is 4d per lib. pats. A fair demand existed for poultry, which was in large supply. Turkey gobblers realised Is 6d more than last week, and turkey hens, which were not in supply at the . last sale, realised 6s 6d to 9s. Other prices remained steady. FRUIT. Apples, Delicious, choice, ex cooler, f?S to 10s a case; large sizes, 7s to 8s; others. 5s to 7s; Doughertys, choice, 6s to is: small, 3s to'ss-; Ballarats, 8s to 9s; Munroes. 7s to 8s: Rome Beauty. 7s Od to 8b 6a: Salome,, 6s to 7s. Pears, Nehs .and Coles, first quality, 9s (id to 10s 6d a case; others, 8s to' 9s; Vicars. 8s; Keifiera, 6s to 8s; P Barrys, 6s 6d to 8s 6d. Tomatoes, hothouse, 9d to Is per 11).; seconds. 5d to 8d: choice, outdoor, 10s to 14s a box;' others, 3s to 6s; Rarotoiisac, -9s to lis. Grapes, choice, hothouse, 2s to 3s per lb.; others. : Is 3d to Is 7d; Australian, white. 16s a case. Bananas, ripe, ,22s to 27s a case. Oranges. 'lsland, originals, 14s a case; repacked 16s to 17s fid; California™ Valencias', 34a to 37s 6d;<Sydney Navels, 15s to 17s. Lemons, local, 5s to 123 a case. Mandarins. Fjji, 7s 6d to 10s a box. Cape Gooseberries, 3s 6d to 4s per lb. FIELD PRODUCE. ' Potatoes, Southern, 6s 6d to 7s per cwt.; kumeras, 3s to 6s a bag; pumpkins, ordinary, 2s to 5s a sack; crown and trumble. ■ss 6d to., 7s & cwt.; swedes. Is 6d to 2s a bag; onions. Is to 3s a bag; cabbages. ' 2b to 7s 6d a sack; on benches, la to 4s per dozen: cauliflowers. 3s to lis a sack: on benches, 3d to Is each: citron melons. 5s to 7s 6d per cwt,; lettuce. Is 6d to 4sa case; rhubarb, 3s to 4s per dozen; spinach, 6d to lOd per dozen; leeks, 3d bundle; spring onions, 3d to 9d bundle: marrows. ls-6d to 2s 6d per doiien, carrots, parsnips, beet and turnips, 6d to Is per dozen; cucumbers, hothouse, 6s to 9s per dozen: radishes, 3d to 8d per dozenbeans, hothouse. Is 4d to Is 7d per lb.; pickling onions. 2s 6d to 4s a bag. DAIRY PRODUCE. Hen eggs, 2s 1 lid to 3s lid per dozen; duck, 2s 71d to 2s 9d: farmers' butter, in lib. pats. Is 2Ad to Is 4d. POULTRY. Prime cockerels, heavy breeds. 6s to 6s 9d: light, 4s to ss; not prime, heavy breeds, from 3s; light, from 2s 6d; fat hens, heavy, 3s to 4s 6d; light, 2s 6d to 3s; fat roosters, heavy, 3s 6d to 4s 9d: light. 3s to 3s 9d: young ducks, laying, 4s to 5s 6d; young drakes, prime, 4s to 5s 9dr old ducks, Ss to 4s; old drakes, 2a 9d to 3s 9d; 8.0. pullets, about to lay, 5s 6d to 7s; White Leghorn pullets, about to lay. 63 Gd to 8s Gd ; smaller, from 3s; turkev hens, 6s 6d to 9s; gobblers. 12s to 15s 6d. 1 . CANTERBURY MARKETS. ; D"? TELEGRAPH.—PRESS ASSOCIATION.] PHRIBTCHURCH, Friday. The potato market retains tho firmness recorded last week and prices have ..adJ vanced slightly for forward business.. July deliveries are quoted at £5 12s 6d f.0.b., sacks in, but singularly enough prompt ; are only. £5," and June £5 2s 6d.' The ; prompt position is affected by the con--1 signmonts regularly going to Auckland. Operators there are satisfied with the adequacy of this supply in the meantime > and are ordering very sparingly. The . strong feature of the market is the for- ; ward business. At present, growers, can . secure £3 15s a ton on trucks, but they are not rushing the market. A good doal of pitting is going on. Wheat is selling spasmodically at the recent basis of 5s 6d a bushel on trucks. The volume of buying, however, is not largo. - Oats are about the same, 3s 6d a » bushel f.0.b., sacks in, but there is little life in the market. | Chaff has been meeting with an irregular market. A strong demand set in from tho North Island during the week and over 60 trucks were due for despatch : by the tiext boat. However. Auckland commenced selling back at £5 5s f.0.b.. sacks in, £5 2s 6d, and again at £5 7s 6d. In some quarters this is put down to a weakness in tho Blenheim market, in others to an Auckland "bear" movement when the North discovered that there is chaff about. Values on trucks to farmers rana;e about £3 12s 6d a ton. There is no change in the seed market either in the value or demand.