TRADE OF BRITAIN.

New Zealand Herald, Volume LXVII, Issue 20721, 14 November 1930, Page 7

TRADE OF BRITAIN.

RETURNS FOR OCTOBER. REDUCTION IN VALUE. LONDON, Nor. U. The Board of Trade returns for October show thai the vahio of imports into Britain was £91.220,000, a decrease of £19,377,000 compared with October last year. The export* were valued ab £46,921,000, a decrease of £17,667.000, and tho re-exports at £7,208,000, a decrease of £1,919,000. Tho principal decreases were:—lmports; Grain and flour. £4.123,000; food and drink, non-dutiable £854.000, dutiable £1,5.16,000; wood and timber, £1,326,000; raw cotton, £3,108,000; oil seeds, etc., £871,000; rubbei, £1,245,000. Exports; Coal, £811,000; iron and steel and manufactures thereof, £1,707,000; cotton yarns and manufactures, £4.225,000; woollen yarn and manufactures, £1,377.000; miscellaneous manufactured articles. £1,369,000. The returns show an improvement in trade in October compared with September this year. Following is a comparison 'if the returns for the first ten months of this and last year:— J 9-20. m>. Jmport.B .. £ 900,ti8'2,000 £870,709.000 Export* • .. 595,501,000 485.030.000 He-export* .. 'J7,474,000 74.5R5.000 Total exports .. .£092,075.000 £503.51.8.000 The apparent adverse balance of trade is £513,191.000. compared with £267,907,000 for tho first ten months of 1929. The imports of lead were 28,041 tons; Australian, 9884 tons; exports, 3005 tons. AUSTRALIAN STOCKS. IMPROVEMENT IX LONDON. LONDON, Nov. 12. There was a further recovery in .Australian Government stocks on the London Stock Exchange to-day. Dealings in Commonwealth 5 per cents, ranged from £Bl 10s to £B4 10s; and in 6 per cents, from £9l to £93. Several State stocks abo improved. ADVANCES AT MELBOURNE. (Received November It, 12.15 a.m.) MELBOURNE, Nor. 13. There was another strong advance in Commonwealth securities oil the Melbourne Stock Exchange to-day. Following upon tho announcement of tho loan conversion arrangement prices rose from 5s to 20s. UNION OIL, SOAP CO. FINAL DIVIDEND. A final dividend of 9d a sharo and n bonus of 6d a share, making 2s a share for the year, has been announced by tho directors of tho Union Oil, Soap and Candlo Company, Ltd. This is at the samo rate as last year. Tho subscribed capital of tho company is £75,000, in £1 shares paid up to 16s each. NEW AUCKLAND COMPANY. Tho following private company lias been registered in Auckland : J. McNamara and Company, Limited, grocers and general storekeepers, otc.. Otorohanga. Capital, £3OOO in 3000 shares of £1 each. Subscribers: P. ,T, McNamara, 2999 shares; A. T. Kcbbell, J 1 share. TUNG OIL BONDS. The issue of 4000 bonds of £25 each is announced by Natural Products (N.Z.), Limited, a company which has been formed for the cultivation of tung oil trees and tho production of tung oil in North Auckland. Approximately 2500 acres of land near Mangawai have been socurod by the company and tho ploughing of tho first 200 acres is now in progress. Tho trees aro to bo, cultivated under orchard conditions and a contract for tho supply of sufficient seed to plant tho wholo area under offer has been made. Tho bonds aro purchasable £2 on application and £1 a month, or for £22 10s cash. Tho Australasian Forestry Bondholders Trust Company, Limited, is trustee for tho bondholders. DAIRY PRODUCE PRICES. The New Zealand Loan and Mercantile .Agency Company, Ltd.. has received the following cablegram from its London house, dated November 12:—Butter: New season's, nominal, 114s; Government first grade factory, 110s; stored, 108s to 110s; market slow. Cheese, white, 72s to 745; coloured, 69s to 70n; market steady.