BEEF FOR BRITAIN

New Zealand Herald, Volume LXX, Issue 21639, 3 November 1933, Page 5

BEEF FOR BRITAIN

RESUMPTION OF EXPORTS MEAT BOARD'S ARRANGEMENTS NEXT HALF-YEAR'S ESTIMATE Arrangements have been made for tho shipment of beef at present held 3 in store at tho various freezing works - ill tlic Dominion, in vessels sailing in i December and .January, according to 1 an announcement made by tho Now i Zealand Moat Producers' Board. The i quantity held in store, at October 15, r the last dato to which returns are avail- - able, was 145,524 quarters, the accumu- ) lat ion having been due to the a-ree-P ment reached with the British Govern- - ment in August that New Zealand ' would not ship any quarters of beef 1 "util tho end of November. In tho ? meantime exporters havo continued to buy prime beef and it has been killed > on their account and stored awaiting • tho expiration of tlio period of restrict ■ tion. An explanation of tho position regarding shipments next year is also contained in tho board's latest statement. Tho authorities in Great Britain have been advised by the New Zealand Moat Board that the quantity of frozen beef, including boneless beef, to bo shipped from tho Dominion to arrive next year up to Juno 30, 1934, will bo approximately 600,000cwt. Experimental shipments of chilled beef are not included in this estimate. rho quantity includes tho carry-over stocks of beef held in tho Dominion, so that, deducting tho quantities of beef at present held in storo it would leave approximately 300,000ewt. of new season's beef, which can arrive in the United Kingdom for tho six months to June 30, 1934. It is estimated that ample provision has been made in tho quantity mentioned to cover the normal output of beef in quarters and boneless beef to arrive in this period. GOBD PRICE HIGHER QUOTATION IN LONDON SILVER A LITTLE FIRMER (Received November 2. 7.35 p.m.) LONDON, Nov. 1 Fine gold is quoted to-day at £6 lis 9d an oz., compared with £0 10s 7d yesterday. Silver is quoted at 18 6-lGd an oz. and 18 7-16 d forward, compared with 18id and 18j|d yesterday. The quotation for silver at per fine 025. is 19Jcl, compared with 19 11-l6d yesterday* The following table shows recent fluctuations in the price of fine gold at per ounco:— £ad £ e d Oct, 14 ~ 611 3 Oct. 24 , , C 8 1 Oct, 16 . . 6 8 6 Oct. 25 . . 6 10 1 Oct, 17 610 111 Oct. 26 .. 610 91 Oct. IS . < 6 10 0} Oct. 27 . . 6 11 2 Oct. 19 . , 6 9 31 Oct. 28 , . 6 9 8 Oct. 20 , . 6 0 01 Oct. 30 .»• 611 21 Oct. 21 , , 6 8 6 Oct. 31 . 610 7 Oct. 23 , * 6 9 2 Key, 1 , , 6 11 0 PRICES OF METALS AN EASIER TENDENCY (Received November 2, 7.35 p.m.) LONDON, Nov. 1 Following are to-day's quotations on the London metal market compared with those of October 31:— Nov. 1 Oct. 31 Per ton Per ton £ed £ a d Copper, Stan., spot .. 32 13 9 32 16 101 Copper, stfin., 3 mos. , . 32 16 101 32 13 9 "Copper, electrolytic . . 36 0 0 36 10 0 to to 37 0 0 37 10 0 Copper, clec., wire bars 37 0 0 37 10 0 Lend, eoft, spot . , 11 13 9 11 12 6 Lead, soft, forward . . 12 1 S 11 17 C Spelter, spot .. .. 15 11 3 15 17 6 Spelter, forward . ~ 15 18 9 16 0 0 Tin. stnn., *pot . . 221 10 0 221 12 6 Tin. stan.. 3 mos. . , 224 5 0 224 7 6 "American 8 cents ft lb., compared with 8.25 cents on October 30. 1 : SECURITY TRUST COMPANY ORDINARY DIVIDEND DEFERRED The directors of Security Trust and Investment Company, Limited, Auckland, j' nort a reduced income for tho year r- 'od July 31, chiefly duo to the fact t.liii t- the return on the company's holding in tho Security Finance and Guarantee Company, Limited, had not produced the income expected. The latter company reported that owing to tho general reduction in interest, tho fact that many of its securities were at tho time non-revenue producing and also that it was becoming increasingly difficult to find satisfactory securities on which adequate profits could be earned, thcro wns no likelihood for some time to como of profits attaining their normal standard. ; Tho future of both companies had boon a matter of careful considei ation by the directors and certain proposals would be. laid before shareholders at ;iu early date. Tlio directors assure, shareholders that neither company has any liabilities or creditors and their respective assets aro unencumbered. Tlio usual final preference dividend of £0 8s per annum, being 8 per cent per annum less the statutory reduction of 20 per cent, was approved at the : annual meeting yesterday. r lho distribution to ordinary shareholders was held over pending an early meeting to consider tho future policy of tho company. Last year ordinary shareholders ] received 10 per cent. The four retiring directors, Messrs. C. J- dreen, C. it. Haines, I!. A. Spinley and J. J*- Gilmore, were reelected. WILSONS CEMENT, LTD. DIVIDEND RATE UNCHANGED | An interim dividend of Gd a share in announced by tho <lircv;t°rs of V\ ijSuns (N.Z.) Portland Cement, Limited, : for tlio hii If-yoar ended September 30. ; lament will bo made on November -S. This is \-he first dividend announced ( liv the eompanv since, the reduction and return of half'of its capital. The company's shares aro now paid to 10s cac i } and tho original dividend rate < >l ' j per cent per annum is being maintained. CLAUDE NEON LIGHTS | DIVIDENDS ANNOUNCED j ( ■ Dividends of (5 per cent per annum on preference shares and 8 per cent per | annum on ordinary shares tor the yoai eiufei 1 September 30 aro announced by j Claude Neon Lights of New Zealand, bill!ifed. Payment will be made on No- < v ember 8. A