BRITISH EXHIBITION.

New Zealand Herald, Volume LXVI, Issue 20257, 17 May 1929, Page 9

BRITISH EXHIBITION.

THE FIXTURE AT NEWCASTLE.

DISPLAY BY NEW ZEALAND. Advice has been received in Wellington of Now Zealand's participation in the North-East Coast Exhibition, which .is being held at Ncwcastle-on-Tyne from May to October this year. The Empire Marketing .Board, in pursuance of its policy of popularising Empire products in Britain, has arranged a display at the exhibition to which contributions are being made not only by Now Zealand, but also by Australia, Canada, Southern Rhodesia, Irish Free Stato, India, Malaya, East Africa and Cyprus. A special pavilion has been erected to houso tho board's exhibit, which will also contain ai cinema in which will be shown the latest films illustrating 1 the Empire and its industries, and a reception room panelled with Empire timbers and containing furniture made from Empire woods. There will also be a model kitchen, in which demonstrations will be given of the cooking of dishes prepared throughout from Empire products. s - Tho exhibition is being held on an immense scale, and occupies 100 acres. It is anticipated that it will attract 4.000,000 visitors, including largo numbers from overseas. As might well bo expected from tho venue selected the wonders of modern industry will bo a prominent feature of the exhibition, and in particular the great British engineering industry will bo to the fore, demonstrating something of the factors which have made Britain in so many respects the workshop of the world. Tho office of His Majesty's Trade Commissioner in Wellington has received much additional detailed information of an interesting character which is being furnished to those interested. NEW AMERICAN TARIFF. MEAT CONCERNS INTERESTED. Australian and N.Z. .Press Association. NEW YORK, May 15. Tho Australian memorandum on the proposed new United States tariff rates has been published, and has created a great deal of interest. Another feature of the tariff situation will bo a meeting on May 18 of representatives of the meat importing concerns from Australia, Canada and tho Argentine, for the purpose of discussing the provision in the proposed tariff dealing with meat. Those assembled will hear reports from their special Washington representatives, who have been inquiring into the matter. The United States new tariff duties, so far as they have been cabled, arc increases on primary products, and on some secondary products that would be penalised were they left undisturbed while their raw material received increased protection, Australian trade with tho United States is persistently one-sided. Australia buys much more from the United States than that country buys from Australia. The figures below show the extent of that one sidedncss: — Year ended Imports from , Exports to June 30 United States. United States. 1923 ' .. £ 24,850,931 £9,498,950 1924 . . 34,550,497 0,618,792 . 1925 .. 33,100,207 9,031,128 ]92(> . . 37,233,485 9,784,1/1 1927 . . 41,394,015 8,423,339 Australia is mostly affected by 'the increased duty on wool. In the present tariff, says the Sydney Morning Herald, tliat duty is stated as 31 cents per lb. clean content. Tho proposal is to add three cents, making the duty 34 cents, or approximately 17 pence per lb. on a cleanscoured basis. Tho duty of 31 cents ,per lb. has been in. force for six years, and although the purchases of the United States havo been irregular, yet statistics of Australian wool exports thither show how seriously that duty has affected the trade in wool with tho United States. Exports of wool to the United States have been steadily falling, and with the additional duty in operation tho tendency will be to restrict still further United State's purchases of Australian wool. The rate of cents a pound on frozen and chilled meat, in addition to the rates on other specified meats, .practically prohibits any export of meat from Australia to tho United States. Although the trade in those lines is negligible, it is considered that, given favourable terms, a large ex port trade could be built up. The same remark applies to butter, tho duty on which has also been raised. AUSTRALIAN PRODUCE. Australian and N.Z. Press Association. (Received May 16, 10.5 p.m.) SYDNEY, May 16. The following are to-day's quotations on tho Sydney produce market: — Wheat.—4s 6d in city, prompt delivery. Market lifeless. ( Flour—£ll 10s Pollard.—£7 10s. Bran.—£6 10s. Potatoes. —Tasmanian, £l3 10s to £l6. Onions.—New Zealand globes, £11; Victorian Spanish, £l2. Oats.—Algerian, 4s; white, 4s 7d. Maize. —5s 9d per bushel. Adelaide prices are:— Wheat.—Growers' lots 4s 2d. •Flour.—£lo 12s 6d. Bran.-—£6 2s 6d. Oats.—Algerian, 2s lOd. . LONDON TALLOW SALES. Australian and N.Z. Press Association. LONDON, May 15. At the London tallow sales to-day 817 casks were offered and 282 sold at 6d decline. Prices were: Mutton, fine, 42s 3d; medium, 37s 6d. Beef: Fine, 42s 6d; medium, 37s 6d. Dalgety and Company, Limited, has received the following cablegram from its London houso, dated May 15:—Tallow: A total of 817 casks of tallow was offered and 35 per cent. sold. Prices are 6d lower on the average. The Bank of New Zealand has received the following advice from its London office dated May 15:—Tallow : There is a poor demand. Current quotations are: Good mutton, 41s to 40s per cwt.; good beef, 40s 6d to 40s per cwt.; good mixed, 35s to 37s per cwt, LONDON DAIRY VALUES. The New Zealand Loan and Mercantile Agency Company, Limited, has received tho following cablegram from its London office:—Butter: Choicest salted, 166s to 168s; market slow. Cheese: White, 87s; coloured, 89s; market steady. SOUTHERN EXCHANGES. [by telegraph.—PßESS association.] WELLINGTON. Thursday. Tho following sales were made on the Stock Exchange to-day:—Bank of Australasia, £l4 lis 9d; Bank of New Zealand, 625. v CHRISTCHURCH, Thursday. The following sales wore made on the Stock Exchange to-day : —New Zealand Breweries (bonds). 26s lOd; Australian Bank of Commerce, 36s Id; Bank of New Zealand, 625; Union Bank of Australia, £ls 14s; Standard Insurance, 64s 6d; United Building Society, 16sj New Zealand Breweries, 64s (five parcels), 64s Id, 64s 2d; Tooth's Brewery, 59s 6d; Beath and Company (Is paid), 8s 4d; Colonial Sugar, £SB 12s 6d (five parcels); Dunlop Rubber, 27s lid (two parcels); Mahaki : pawa, is (eight parcels); Winding Creek (6d paid), 9J,d; British Tobacco, 49s"lid; Kauri Timber, 20s 9d. DUNEDIN, Thursday. Tho following sales were mado on the Stock Exchange to-day:—Kiklare, 3s 7d (two); Electrolytic Zinc (prof.), ,37s 3d; Bank of New Zealand, 625.