EXCHANGE PREMIUM

New Zealand Herald, Volume LXIX, Issue 21378, 30 December 1932, Page 3

EXCHANGE PREMIUM

COMPILATION OF ACCOUNTS AUDITOR-GENERAL'S WARNING ______ _ The danger of anomalies occurring in the public accounts unless a uniform method is adopted for the treatment of exchange is mentioned in annual report on public accounts by the Controller and Auditor-General, Colonel. G. j F. C. Campbell. Several cases are quoted in the report where accounts have been confused on account of the exclusion of exchange payments. The difficulty arose chiefly in transactions with other parf.3 of the Empire where currencies were based also on the pound unit, for although these currencies were now completely dissimilar except in name, there was a tendency to treat them all as being the same and of equal value. According to the Audit Office, the soundest method is to add the cost of or deduct the premium on exchange to or from the cost of the particular goods or services paid for, since by this means only is tho true cost to the Government of such goods or services disclosed in the published accounts. « THE MARKET BASKET | - . EGGS AGAIN VERY CHEAP LOW VALUES FOR TOMATOES With the Christmas holiday over, sharp reductions in the retail prices of eggs and many lines of fruit# hjvv© occurred in the past week. Eggs ai "o 6d a dozen cheaper at Is. . . Tomatoes, of which large quantities were offered in the City Markets yester- ; day, are going for very low rates. Best quality are realising from 2s to 3s a case j in the markets. Retail prices are 4d to Bd/j per lb. for hothouse and 2d to 6d for outdoor. Onions, and potatoes are also very cheap. j In spite of greatly reduced supplies, strawberries are 2d or 3d a chip lower. Marguerites are selling retail at lOd to Is 4d, Captain Cooks Is 4d to Is 6d. Larger quantities of plums, peaches and raspberries are now coming forward. There are no very appreciable alterations in the field produce section. Prices are:— FRUIT Apples, local. Dougherty. 4d per lb; Stunners, sd; Canadian, Jonathan, Isewtons, "\Vinesap3 and Delicious. 5 to 6 for Is; tomatoes, local, hothouse, id to 8d per lb; outdoor, 2d to Gd; plums, choice dessert, 6d a lh; others. 3d to sd; peaches, choice, dessert, 2d to 3d each; others,. 12 to 18 for Is; figs, ex Thames, .extra choice, 3d and 4d each; apricots, 6d to 8d ft lb; grapes, local, hothouse, 2s 3d to 2s 9d per lb; strawberries, Marguerite, choice, la 4d a. cmp; others, lOd to Is; Captain Cook, choice. Is fid: others, la 4d; oranges, Australian, Valencia, 5 to 8 for Is: Cahfonnan, od and 43. each; lemons; local, 12 to 18 for 18; bananas, 5d to 6d; grapefruit., Californian, 5d to fid each; cherries, Sydney, Is to is 6d a lb; pomegranates. 6d to 6d each; gooseberries, 4d a lb; red and black currants, Sd to 9d a lb; mangoes. 6d to Sd each: pineapples, 9d to 1& bd each, rasp berries, lOd to Is a lb. VEGETABLES Potatoes, uew season's, 14lb to 20lb for Is; onions, lid to 2d per lb; pumpkins, 3d; cucumbers, 2d to 4d each; apple cucumber, Id tn 2d; rhubarb, 2d to 4d a bunch; asparagus, Is to Is 6d a bunch; beans, French, local, 3d to 4d per lb; marrows, 3d to 5d each; peas, local, 2d to 3d per lb; cabbage, 2d to 3d each; cauliflower, 4<i tQ 8d; lettuce. 2d to id; carrot, parsnip, turnip, beetroot, radish, epnnsr onions, spinach, lid a bunch. MEAT Beef.—Rump steak, lOd per lb; undercut. Is: best beef steak. 6d; forequarter steak, 4d; sirloin, 6d; prime rib,, 4d; prime ribs /boned and rolled), 6d; wing ribs (three chine bones), sd; topside (4lb and over), 4d: thick flank, 4d; bolars. 4d; double top rib, 6d; chuck rib, Sd; rolled .back rib, sd; corned round, 6d; corned brisket (boned), ' 4d: brisket and flat rib, 3d; thin flank, Id; gravv beef or shin meat, 3d; minced beef, 3d; tripe,'Sd; dripping, 4d; suet, 4d; sausages, 3d; sausage meat, S{d; whole shins or legs, Id; half shins or (thiCK end), 2d; half shins or legs (knuckle end), Id; ox kidneys, lOd; ox tongues, 7d; ox tails, sd; whole loin, fijd; whole rumps, Sd. Mutton. —Whole leg, Sd per lb; leg, shank end (61b and over). 6d; hmdauarter. 4id: forequarter. 2id; shoulder, 4d; shank end of forequarter, 3d; necks, 3Jd; loin, sa: leg and loin chops, 6d: neck chops, 4d; Haps, Id; cutlets (trimmed), Sd; kidneys, 2d each; tongues, 2d; sheep's head (dressed), sd; sheep's fry, Sd; sheep's brains, 2d. . i Lamb.—Forequarter, 6d per lb; hindquarters, 8d; sides, 7d; loins, 8d; legs, 9d. Veal.—Fillets, 7d per lb; loin, sd; shoulder, 4d; cutlets and veal steak, 8d: chops, 6d; forequarters, 3d; rolled veal. sd. . Pork.—Leg, 7d per lb; loin, 7d; foreloin, v/ith blade, sd; pork chops, 8d; comed hand, sd; corned belly, Sd; pork sausages, These are cash prices at tho shops, booking and delivery being a penny a pound extra. FISH Schnappcr, whole 4jd per lb; trimmed. sd; smoked. 7d; skinned fillets, 6d: terakihi, whole. sd; smoked. 7d; kippered fillets, ild; trevalli, whole, 2d a lb; smoked, od; John Dory, whole, 6d; fillets, Sd; mullet, whole. 6d; smoked, 8d; flounder, 6d; lemon fish fillets, 4d; silver strip, smoked, 6d; hapuku etcaks, 6d; wings, smoked, 6d; moki steaks, smoked steaks, 7d; cod, smoked, Is; gurnard, "whole, 3d; barracouta, whole, od; smoked, 6d; kippers. Scotch, Is; crayfish, 6d a lb; mussels, fresh, Is 6d a dozen; pickled, Is 6d a bottle; rabbits, 6d each; hares, la fid each; mutton birds, la; cod. fillets, Scotch, Is 6d per lb; findon haddocks, la 3d. BACON AND HAMS Bacon.—Shoulder rashers, 9d per lb; best rib rnahers, Is; • by pieces, shoulder cuts, 6}d to lOd. „ . , ' Ham.—Whole. Is per lb; in rashers Is 4d; cooked, pressed, Is 7d; rolled, la lOd; shoulders. Is 3d. BUTTER AND CHEESE Butter.—Factory, first grade. Is per lb; second grade, lid; third grade, lOd; bulk, farmers' butter, Sd and 9d. Cheese.—Ordinary, 9d; more matured, Is EGGS Eggs.—Duck, Is a dozen; hen, Is. LONDON MARKETS NO CHANGES TN VALUES The Department of Agriculture has received the following cablegram, dated December 23, from the High Commissioner for New Zealand, London Tallow.—The market continues quiet, with no material change in value. Hemp.—The Manila market is dull and unchanged. Tho output, January l-Decem-ber 12, was 852,000 bales, against 3,012,000 in tho same period last year. Stocks in the United Kingdom, November 30 21 526 bales against 25,391. Stocks in Manila December 19, 155,000 bales against 102,000. The sisal market is quiet, No. 1 good marks January or February or March shipment, £ls value. New Zealand market unchanged. No first hand sales reported. Stocks in London November 50, 84 tons, against 27 tons. Eggs.—The market is steady about last rates quoted. QUOTATIONS FOR WHEAT LONDON AND LIVERPOOL LONDON, Deo. 28 Wheat cargoes are dull. Manitoba s and La PI a tag are 3£d to 6d down. Australians are unchanged. There is some Far Eastern inquiry for Australians. Parcels have a poor inquiry and prices are unchanged. Futures. —London: December, 20s lOd a quarter; February-April., 19s ll£d. Liverpool; March, 4s 6 3-8 d a cental; May, 4s 7 5-Bd. THE CHICAGO MARKET CHICAGO, Dec. 28 Wheat. —December, 43 cents a bushel; May, 44 cents; July, 44 1-8 cents. Tho New York quotation for cash is 52 1-8 cents.