APPLES FOR EXPORT.

New Zealand Herald, Volume LXIV, Issue 19832, 30 December 1927, Page 7

APPLES FOR EXPORT.

DISTRICT POOLING QUESTION.

DETAILS OF POLL ANNOUNCED. [BY TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON, Thursday. The New Zealand Fruit Export Control Board recently took a poll in the various provincial districts pn the question of provincial pools for apple shipments. The poll closed on December 24 and the following result is announced by the board :—Nelson: For provincial pooling, 76; against, 119. Auckland: For, 47; against, 19. Hastings: For, 26; against, 25; Poverty Bay: Against, 1. Canterbury: For, 4; against, 6. Waira 1 - rapa: For, 1; against, 1. Marlborough: For, 2; against, 3. The secretary of the board, Mr. H. E. Napier, stated to-day that the board would further consider the question at its meeting in January. JAPAN'S FOREIGN TRADE. DECLINE IN LAST YEAR. (Received December 29, 5.5 p.m.) A. and N.Z. TOKIO, Deo. 28. The returns of the Finance Office show that Japan's total foreign trade to December 25, 1927, was £32,300,000 below that of 1926. The excess of imports over exports was £17,000,000. DAIRY PRODUCE VALUES. LATEST LONDON REPORTS. A. S. Paterson and Co., Ltd., yesterday received the following cablegram from their London principals, J. and J. Lonsdale and Co., Ltd.: —Butter, 160s to 1625, equal to Is 3.49 d and la 3.7 d f.o.b. Cheese, 925, equal to 8.26 d f.o.b. In a circular to dairy factories, Paterson and Co. express gratification at the improvement in butter values, and hope that, following on last week's advice of a steadier market, a further appreciation m prices will result. The New Zealand Loan and Mercafi - tile Agency Company, Ltd., has received advice from its London office, dated December 28, as follows:—New Zealand butter, 160s to 161s; cheese, 91s to 935. Market steady.

P. AND O. FLEET INSURANCE

RENEWAL OF THE CONTRACT.

The renewal of the insurance contract in connection with the fleet? associated with the Peninsular and Oriental Steam Navigation Company (other than the company's own vessels and the British India fleets) has constituted the outstanding feature recently of the marine insurance market, says the London Financial News. Until a year ago the P. and O. Company had been its own insurer On that occasion, when the company sought the aid of underwriters, the market was very dissatisfied with the means employed for placing the contract. Instead of the insurance being offered in the open market, it was entrusted to three of tho principal companies engaged in marine business, conjointly with a couple of Lloyd's underwriting syndicates, who then reinsured the risk, or a portion of it, with other underwriters. Tliis time, the more popular method of offering the original risk round the market has been adopted, and every underwriter has thus had an opportunity of participating in the business direct, according to his individual requirements. Even so the entire risk is believed to be larger than the London market was able to absorb. Representing, as it does, some of the best passenger tonnage afloat, the P. and O. insurance contract is one of the plums in the market, and tho offering of it in open competition affords evidence of the "progressive character of the movement for the amelioration of marine underwriting conditions generally.

BRITISH INDUSTRIES FAIR. ELABOR ATE PREPARATION S. Figures relating to the size of next year's British Industries Fair, which will he held in London and Birmingham simultaneously, between February 20 and March 2, are impressive. At the White City, London, 15 large exhibition halls, covering an area of 11 acres, will be needed to display the varied products of the 1500 or so manufacturers who will require space in the London section. In Birmingham new exhibition halls have had to be built to meet the ever-grow-ing requirements of exhibitors. Great efforts are also gbeing made to acquaint the commercial and industrial world with details relating to the fair. British Government representatives abroad —diplomatic, commercial, and Consular officers in foreign countries, and British trade commissioners and Imperial trade correspondents in all parts of the British Empire—have been supplied .with literature devoted to the subject. This includes showcards printed in six languages and an illustrated folder in nine languages; and of the latter nearly half a million copies are being distributed. A special series of letters is being issued at regular intervals to thousands of individual traders abroad, in their appropriate languages, and invitations will be sent later to a quarter of a million buyers resident in no fewer than 94 different countries. A special advance overseas edition of tiie Fair Catalogue will be distributed abroad several weeks before the opening of tha fair.

SYDNEY PRODUCE MARKETS. (Received December 29, 9.55 p.m.) A. and N.Z. SYDNEY, Dec. 29. Tho following aro to-day's quotations on the Sydney produce markets:— Wheat,— I Growers!' lots at country stations, 4s 9d to 4s 9^d; ex truck Sydney, 5s 4Ad to 5s 5d bopped • parcels, 5s 6.Jd, January to June delivery. Flour. —Export, £l2 f.0.b.; local, £l3 15s. ' Bran.—£6. Pollard—£7. Oats.—-Tasmanian and Algerian, 5s 3d, white 4s 9d. Maize. —4s. Potatoes.—Local, new, £5 to £6; Tasmanian, old £7, new £7. Onions.—£7. LONDON STOCK EXCHANGE. ' (Roceived Dooembcr 29, 5.5 p.m.) A. and N.Z.-Sun. LONDON, Deo. 28. The following are tho latest quotations on the London Stock Exchange of the following stocks :—Bank of Australasia,, £l4 10s; Bank of New South Wales, £42 ss; Union Bank of Australia, £l4 16s 9d; National Bank of New Zealand, £6 17s 6d (ex div.); Bank of New Zealand, four per cent, guaranteed stock, £93; Bank of New Zealand shares, £2 17s fid; New Zealand Loan and Mercantile Agency Company debentures, £74; ordinary stock, £93, ex dividend. CHICAGO WHEAT MARKET. A. and N.Z. CHICAGO, Doc. 28. Wheat. —December, 1 dollar 27 cents per bushel; March, 1 dollar 28 3-8 cents; May, 1 dollar 29 5-8 cents*