CONVERSION OF LOANS

New Zealand Herald, Volume LXXI, Issue 21758, 24 March 1934, Page 7

CONVERSION OF LOANS

standardised debentures

SUGGESTIONS BY THE TREASURY The standardisation of the form and lay-out of local body ..debentures in connection with the conversion of loans under the 1932-33 Act suggested by the Treasury in a circular issued to all local authorities. The Treasury suggests a uniform size for debentures and coupons, and states that a specimen debenture is available at branch offices of the Bank of New Zealand. Such. matters as the space between coupons, perforations,.lay-out, sequence and the quality of paper are discussed in the circular, which states that the move for standardisation was initiated by the Banks and had the strong support of the Treasury. It is suggested that such details would enhance the popularity, of local body debentures.

Tho Treasury also recommends that local bodies should extend to the new issues the concession of paying inland exchange when a coupon or debenturo is presented for payment at a place other than where it is domiciled. It is also suggested that holders should be permitted to preserve the denomination of debentures if desired. THE CITY MARKETS ORANGES SELL READILY , FURTHER RISE IN EGGS Prices for apples and pears remained ! practically unchanged at the City Markets yesterday. There/was an improved demand for bananas, while oranges sold readily at firm values. Good quality . tomatoes were wanted and satisfactory j prices for these were obtained. j There were very heavy supplies of j potatoes and kumaras, prices for tha j latter showing a reduction. The market was glutted with beans, and many lines were impossible to quit. Peas also dropped in value owing to the quanti* ties offering. Good quality pumpkins sold well, but some lines were green and these were placed at low rates. Some grades of poultry were cheaper owing to heavy supplies. Eggs advanced a further Id a dozen. Prices were;-? FRUIT Apples, Cox Orange, 3s to fis a case; Delicious, -Is 6d to 3a; Gravenstein, Is fid to 4s; green cookers, Is 6d to 3s; windfalls, le to Is 6d; pears, Bon Cretien, 2s to, 2s 6d; Packhams and Clairgeau-Bartldtt, 2s to 3s: Louis Bons, 5s to 6s 6d; windfalls and others, Is 6d to 2s; passions, 2s to 4s 6d: peaches, choice, in trays, 4s 6d to 6s 6d; in cases, 3s 6d to 6s 3d; mushrooms, about 9d to Is a lb.; blackberries, 4jd to BJd o. chip; oranges, Jamaica, 25s to 30s a case; California navels, 30s to 345; lemons, cured, picked counts, i)s to 14s; others, 4s to Be: grapefruit, Jamaican, 20s to 30s; Californian, 30s to 35a; tomatoeg, choice, smooth, 4s to ss; others, 2s to 4s; bananas, 13s to. 17s; cape gooseberries, Sd to Sid a lb.; quinces, 6s to 9s a case, pines, Queensland, lis to 15s; grapes, Te i£auwhata. 4s 6d to 6s 6d a case; hothouse, 4d to Is 4d a lb.; coconuts, 14s a sock; rookmelons, 4d to 8d etch: sweet corn, 2s to 2s 6d a ca^e. ' FIELD PRODUCE Potatoes, Ss to 4s 6d a bag; swedes, la to 2s; onions, Is 6d to 2s 6d; kumariia, 2s to 4s a bag; cabbage, 2s tp 4s 6d a sack; on benches, Is to 2s 6d a dozen; cauliflower, 4s to 6s a sack; on benches, 2s to 4« & dozen; pumpkins, best quality, 4« to 7s a cwt.; others. Is to 3s a sack; cueumbeis. Is 6d to 3s fid a dozen; carrots, 3d to 6d; parsnips, 6d to lOd; beet, 3d to 6d; turnips, 6d to lOd; radish, 6d; spring onions, 4d to 8d a bundle; spinach, 6d to Is a doEen; leeks, 2d tp 7d a dozen; green peas, 2s to 6s a bag; beans. Is to 2s: marrows, 6d to Is a dozen; melons, citrons, 3d to 6d eaoh; water, 3d to Is; lett'jee. Is to 4s a case; celery, cooking, 6d to 9d a bundle; dessert, Is to 2s; rhubarb, 9d to Is 6d a, dozen. POULTRY Cockerels, heavy breeds, prime, 2s to 3s 6d; not prime, 9d up; light breeds, prime, Is to 2s 3d; not prime, 9d up'; fat roosters, heavy breeds, prime. Is 6d to 1b 9d; light breeds, Is to Is 6d; fat hens, heavy breeds, Is 6d to 2s 3d: lipht breeds. Is to Is 6d; pullets, heavy breeds, best, 2s 6d to 4s Cd; smaller, Is up; light breeds, best, 2s 6d to 4s 6d; smaller, Is up; drakes, young, prime. Is 6d to 2s; smaller, 9d up; old. Is 3d to Is 9d; ducks, young, Is 9d to 2s 6d; old, Is 3d to Is 9d: turkey hens, 4s to 5s 6d; gobblers, 6s 6d to 12s 6d. . DAIRY PRODUCE Hen eggs, first quality. Is B|d a dozen; B grade, Is 6Jd; C grade, Is Sid; duck eggs. Is Bid, Is 7id, 1b 5Jd. Farmers' butter, 6d to Bd, COMPANY AFFAIRS SOUTHERN REGISTRATIONS The following private companies have befen registered in Southern centres Johnston (Robt.), Limited, Christchurch, coal and firewood merchants. Capital, £SOOO in shares of £1 each. Subscribers: E. Johnston, 2500 shares; A. Johnston,' 2500. McGruer, Davies and Company, Limited, Timaru, drapers, mercers, etc. Capital, £12,000 in shares of £1 each. Subscribers —Timaru: G. E. Davies, 2200 shares; W. C. Davies, 2200; D. A. Davies, 2200: E. A. Philip, 1800; D. M. Davis, 1800. Waiau: P. H. Davies, 1800.

Helm and Dickson, Limited, Riverton, Southland, storekeepers and wine and spirit merchants.. Capital, £4500 in shares of £1 each. Subscribers —Riverton: H. Helm, 2250 shares; G. A. Dickeon, 2250. Riverside Sluicing Company, Limited, Gore, goldmining. Capital, £2OOO in shares of £1 each. Subscribers: D. S. McKenzie, 100 shares;. J. S. Smith, 100; H. Smith, 100; W. Falconer, 100; S. W. Smith, 100; T. A. Fleming, 100; A. Matheson, 100;, W. Crawford, 200; R. S. Green, 100; R. P. Bayne, 100; L. C. Smith, 100; J. Bell, 250; ,T. E. Cuthill, 100; .1. T. Hunter, 100; A. C. Wilson, 100; L. Mason, 250. Lambton Buildings, Limited, Wellington, to purchase, take on lease, or in exchange, hire or otherwise acquire any. real or personal property and general incidental. Capital, £9OOO in shares of £1 each. Subscribers: J. A- Doherty, 5500 shares; Caroline M. Doherty, 1000; Huia A. Dodd, 750; Phyllis A. Doherty, 750; W. A. Doherty, 1000. COMPANIES WINDING-UP National Brokers of N.Z., Limited. — A. E. Irving, Auckland, liquidator. Parker Engineering and Foundry Company, Limited. —A. S. Parker, Auckland, liquidator. MELBOURNE PRODUCE MELBOURNE, March 22 Following are to-day's quotations on the Melbourne produce market :-pWheat: Buyers scarce. Parcels, 2s 6Jd; shippers', 2s 4d; millers', 2s sd, on trucks Williamstown. Flour: Dull at £7. Bran: Steady at £4 ss. Pollard: Steadv at £4 15s. Oats: Firmer. Milling, 2s 2id; feed, 2s. Barley: Malting, neglected; English, 2s 7d to 2s 9d; Cape, 2s 4d to 2§ 4Jd. Maize: Slow demand at 3s 6d to 3s 7d. Potatoes: Firmer at £5 to £5 10s. Onions: Steadv! Globes', 85s to 37s 6d;- Spanish, 40s to 42s 6d. PROPERTY SALES That there is a keen demand for Email farms wa6 evident at an auction Bale con. ducted by T. Mandeno Jackson, 3 Swanson Street, yesterday, when 26} acres, without a house, one mile from Uevedon, on _ the Papakura-Clevedon Road, was offered. There was a. good attendance of buyers. Bidding was brisk., and the property was sold for £ Percy Landells, in conjunction,with Wi]r liam A. Home, Limited, reports having sold at auction the property known as itUEDy Buildings, Sandringham, for #ISOO.