FLAT RATE OF FREIGHT.

New Zealand Herald, Volume LXV, Issue 20099, 9 November 1928, Page 11

FLAT RATE OF FREIGHT.

NEW ZEALAND TO BRITAIN.

OPPOSITION TO ABOLITION.

[nV TEI.EGR.ArH. —OWN CORRESPONDENT

NELSON, Thursday. At a meeting of the Nolson Harbour Board a letter was received from tho secretary of the Wanganui Harbour Board drawing attention to a recent resolution passed by the Wellington Board to set up a committee of inquiry into tho present. system of a flat rate of freight from New Zealand to the United Kingdom, "with the idea, of course." said tho letter, "of obtaining its abolition. "Tho Wanganui Board is of opinion that this is only another move in tho direction of centralising shipping at the main ports," continued tho letter, "and suggests that a resolution bo passed strenuously opposing any interference with tho system at present in voguo and that a copy be .sent, to tho l'rimo Minister, members of Parliament' and tho shipping companies in England." Tho chairman, Mr. 11. It. Duncan, said the question was first raised in 1925, when it was contended that the delay caused through tho overseas vessels having to call at a number of smaller ports caused the shipping companies to raise their freights. The coastal ports had spent an enormous amount of money in making serviceable harbours and it was not fair that these harbours should be, asked to give up their facilities or make them non-interest bearing. Mr. Duncan moved the following motion, which was carried unanimously; —"That this board is strongly against any attempt being made to divert overseas trade from this port or any other port of New Zealand." LONDON DAIRY VALUES. NEW SEASON'S BUTTEII STEADY. The New Zealand Loan and Mercantile Agency Company, Limited, yesterday received tho following cablegram from its London house:—Butter: Choicest salted, new season, 178s. market steady; stored, 172s to 1745, neglected. Cheese, 104s to 108s, market quiet. TRADE OF AUSTRALIA. H HAW FALL IN IMPORTS. Australian and.N.Z. Press Association. SYDNEY, Nov. 8. The value of the imports into Australia for the quarter ended September 30, showed a heavy drop of £9,464.000. to £32,412,000. The value of imports, however, still exceeded that of exports by £9,733.000. Ihe produce sent ot|t of the country was valued at £122.667.000. or a drop of £3.296,000 compared with a year ago. 1 lie chief exporting period, however, is from October to May, when wool goes abroad, and it is expected that the leeway will be made up. BREWERS' EXHIBITION. WINES FI! OM AUSTRALIA. Australian ami N.Z. Press Association. LONDON, Nov. 7. In the Empire wines competition at tho Brewers' Exhibition, there were 115 entries. the largest number since, the war, all from Australia. The two judges, who are buyers for large retail firms, expressed gratification at the excellent quality of tho wines, especially of the strong types, which were the best-they had seen. T. AND G. INSURANCE SOCIETY. RECORD BUSINESS FOB THE YEAR. MELBOURNE. Nov. 8. The diieciors of the Australasian Temperance arm (!erieral Mutual Life Assurance Society, Ltd., announce that the new I'lisiness completed for the financial year ended September 30, 1928. amounted to £6,104.173 in the industrial department, and £5,304.552 in the ordinary department, a total of £11,498.725 in both departments. This is tho largest amount of business written by the society in any one year. CHICAGO WHEAT MARKET. Australian and N.Z. Press Association. CHICAGO, Nov. 7. Wheat.—December. 1 dollar 13 3-8 cents per bushel; March, 1 dollar 18$ cents; May. 1 dollar, 21 18 cents. LONDON TALLOW SALES. Australian Press Association—United Service LONDON, Nov. 7. At the London tallow sales to-day 755 casks were offered and 303 sold at 3d to 6d decline. Mutton, fine 465, medium 41s; beef, line 46s 6d, medium 4ls.

The Hank of Now Zealand lias received the following arlvici; from ils London oHioe. dalod November 7:—Tallow: Tlio demand is rather quiet. (Current quotations: Good million, 44s 6d to 45s per cwt.; good beef, 43s 6d (o 445: good mixed. 43s to 43s 6d; gut. 30s to 40s 6d. Dalgety and Company, Limited, vrport having rocoived tlm following radiogram from their London house dated November 7:—Tallow: 755 casks were offered and 40 per vent, wero sold. Prices are 6d. lower on late rates. Owing to llio scarcity of supplies there will bo no public sales next week. MELBOURNE HIDES MARKET. Analrnlinn and X.Z. Press Association. (Received November 8, 11.55 p.m.) MELBOURNE, Nov. «. 'J'he Melbourne hides market to day was : irregular.' All grades except picked and hoavies declined £d to jd. SOUTHERN EXCHANGES. | liy TELEf iH A I'll. —rnKSS ASSOCIATION.] WELLINGTON. Thursday. The following sales took place on the Stock Exchange to-day:—Rank of New Zealand. 61s 6(1; Union Bank, £ls 7s 6d; Waihi. 13s 7d. 13s 9d. CIIRIBTCHURCH. Thursday. The following sales look place on the Stock Exchange to-day:—Now Zealand Government, per cent.. Inscribed Stock, 1938, £99 10s; New Zealand Breweries, bonds, 24s 3d; National Bank of Australasia (CIO paid, cum div), £l9 5s 6(1; Union Bank of Australia, £ls 7s 6d; Goldshrough, Mort, 51s 6d: Kaiapoi Woollen (17s paid), 14s; New Zealand Breweries, 55s 4d, 55s 6d; Tooths Brewery, 48s 9d (two parcels); Mahakipawa, Is 4d (three parcels). DUNEDIN. Thursday. Stock Exchange sales today were:— Commercial Bank of Australia, 30s 3d: Union Bank, £ls 7s 6d; New Zealand Breweries, 55s 6d; Palgetv and Coi, £ls 7s; New Zealand Refrigerating (paid), 19s.