N.Z. AND RIVER PLATE

New Zealand Herald, Volume LXXII, Issue 21999, 4 January 1935, Page 5

N.Z. AND RIVER PLATE

FURTHER FALL IN EARNINGS

REDUCTION IN DIVIDEND

A further fall in earnings was experienced last year by the New Zealand and River Plate Land Mortgage Company, Limited, according to cabled advice received by the local attorneys. Tho net profit for the year ended October 31 was £16,093, compared with £28,626 in tho previous year. At the annual meeting, which will be hold in London on. January 15, the directors will recommend payment of a dividend of 3 per cent, against 5 per cent in the previous year. The dividend, which is payable less income tax at 4s 6d in the pound, absorbs £21,000, and £37,344 iw carried forward, against £42,251 brought into the accounts. The sum of £50,000 has been transferred from reserves to exchange provision account. Following is a comparison of results for the past three years:— 193". 1933 1934 Brought, forward £43,983 £48,625 £42,251 Net profit . . 58,642 28,626 16,093 £102,625 £77,251 £58.311 To roservo .. 5,000 Dividend .. 7 5 3 Amount .. 49,000 35,000 21,000 Carried forward £48,623 £42,251 £37.341 Tho dividend Htrom 1928 to 1931 inclusive was 9 per cent, prior to which for some years tho distribution varied between 7 and 8J per cent. No interim dividend was paid last year, the directors stating that difficulty was experienced in transferring funds from Argentina to London and a number of mortgagors had failed to meet their obligations. THE MARKET BASKET REDUCTION IN EGG PRICES STONE FRUITS PLENTIFUL A reduction of Id a dozaa-for hen eggs and of 2d a dozen for duck eggs is tho principal change in the retail prices of foodstuffs during the past week. Hen eggs arc now being offered at Is 2d a dozen, while duck eggs are selling at Is Id. Good supplies of stone fruits are coming forward, and the quality is good. The first of tho season's crops of raspberries and black currants are coming forward and are finding a good«demand. Both hothouse and outdoor tomatoes show a reduction of 2d a pound, while values for local hothouse grapes show a further decrease of 9d a pound. Strawberries have been affected by tho recent rain and the quality is poor. Prices remain unchanged. Few changes have occurred in the prices of vegetables, although beans show a slight reduction. The first of this season's runner beans are now obtainable at 6d a pound. Tho values of meat and fish remain unchanged. Yesterday's prices were:— FRUIT Apples, cookers, Sturmer and Statesman, 4d; Canadian, Delicious. Jonathan, Winesap, 5 to 6 for Is; pears, 3d a lb; oranges, Californian, 3s to 4s; Jamaica. 2s 6d to 4s; grapefruit, Sunkist, 6d each; lemons, local. 9d to Is 6d; bananas, Fiji. 5d to 6d per lb; pineapples. Is to Is 6d; tomatoes, hothouse, 6d to lOd; outdoor, 4d to 6d; grapes, Californian, Red Emperors. Is 3d a lb; local, hothouse. Is 9d to 2s 3d; strawberries. Marguerites, lOd to Is 2d a chip; Captain C.ooki is 3d to Is 6d; gooseberries. 3d a lb; cherries, Is 6d to 23 6d; peaches, Is 6d to 3s a dozen; plums, 4d to 6d a lb; choice, 8d: apricots. 8d to Is; mangoes, 4d to 8d each; pawpaws. 6d to 2s; raspberries, Is a lb; black currants, lOd to Is; loganberries. Is chip. VEGETABLES Potatoes. Id to lid per lb; kumarns, 3d; onions, local, 2d; Canadian, 3d; pumpkins, 2d to 4d a lb; cabbages, 2d to 6d each: cucumbers, hothouse nnd outdoor. 3d to sd; lettuce, 2d to 4d each; radish, spring onions, turnips, .parsnips, carrots, spinach, beet, lid; green peas, 5d to 6d a lb; beans, runners, 3d; French, 3d to 4d; butter, 6d; eprinfi marrowe, 4d to 6d each. MEAT Beef.—Rump steak. Is per lb; undercut, Is 2d; beef steak, 6d; stewing steak, sd; sirloin, Bid; prime 6d; prime ribs (boned and rolled). 8d; wing libs (three chine bones'), 7Jd; topside (4lb a,nd over), sd; thick flank. 4d; bolars, skl; double top rib, 4jd; chuck rib, 4d; rolled back rib. 6ti; corned round. 7d: corned brisket (boned), s{d ; brisket and flat rib. 3§d;thin flank, 2d; gravy beef or shin meat, 4d; minced beef, 4d; tripe, 6d; dripping, sd; suet. 4d; sausages. sd: sausage meat. 4d; whole shins or legs, lid; half shins or legs (thick end), 2d; half shins or legs (knuckle end), ljd; ox kidneys. Is; ox tongues. 7d; ox tails, 6d; whole loins, 7d; whole rumps. Bd. Mutton.—Sides, 7d per lb; whole legs, 8d; cut legs. Bid; shank end (Gib or under), 9d; hindqilartcr, 7}d; forequarter, 6d; shoulder, 7d; shank end of forequarter, 6d: necks. 6d; loin, 8d; middle loin chops, lOd; leg and rib chops, 8d; neck chops (best end). 7d; stewing chops. 6d; flaps, 3d: cutlets (trimmed), Is; sheep's fry, 6d; kidneys, 2<l each; tongues, 2d; sheep's head (dressed), sd; sheep's brains. 2d. Lamb.—Spring, forequarter, lOd; hindquarter, In; legs, Is 2d; loin. Is; side. lid. Veal.—Fillets, 7d; loins, sd; shoulder, 4d: quarters, 3d; rolled veal. sd. Pork.—Leg, lOd: loin, lOd; foreloin, with blade, 8d; pork chops, lid; corned hand, 8d: corned belly, 10(1; pork sausages. 7d. These are cash prices at the shops, booking and delivery being a penny a pound extra. FISH Schnapper, whole. 5d per lb; trimmed, Od; smoked, lOd; skinned fillets, 9d; terakihi, whole. 4id; smoked. 6d; kippered fillets, Id; trevalli, whole, 2d per lb; smoked, sd: John Dory, whole, fid; "fillets, 9d to 10d per lb; lemon fish, fillets, 4d; silver strip. 6d; hapuku steaks, lOd; wi,ngs. smoked, 7-d: cod. smoked, Is; gurnard, whole, 3d; barracouta, whole, 4d; smoked, Gd; kippers, Scotch, Is; crayfish, Od per lb; mussels, fresh. Is 6d a dozen; pickled. Is (id a bottle; rabbits. Is each; hares. Is 6d each; mutton birds. Is each; cod fillets, Scotch, Is Od per lb: findon haddocks. Is 3d; mold steaks, sd; smoked steaks, 7d. BACON AND HAM Bacon.—Shoulder rashers, lid per lb; rib rashers. Is 3d; by piece, shoulder cut. 9d to Is Id. Ham.—Whole, Is Id per lb; in rashers, Is 4d; cooked, pressed, Is 8d; rolled. Is lOd; shoulders, Is 4d. BUTTER AND CHEESE Butter.—Factory, first grade, Is per lb; second grade, lOd; farm butter, 8d per lb. Cheese.—Ordinary, 8d; more matured. Is to Is 6d. EGGS Duck, Is Id a dozen; hen, le 2d. AUSTRALIAN PRODUCE (Received January 3, 8.35 p.m.) SYDNEY. Jan. 3 Following are to-day's quotations on the Sydney produce market: —Wheat: At country sidings, bagged, Is lid; bulk. Is lOd, equal to 2s 6d ex trucks Sydney. Flour, £7 ss. Bran, £5. Pollard, £5 ss. Potatoes: Tasmaninn, £l6; Victorian, to £l2. Onions: Victorian Brown, £8 10s. Maize: White and yellow, 3s 3d. Adelaide prices are:—Wheat: Growers' lots, 2s 6td. Flour: Bakers' lots, £7 10s. Bran, £5. Pollard, £5 2s 6d. Oats: Algerian, Is lOd. Barley, 2s Bd.

LONDON TALLOW SALES

LONDON. Jan. 2

At the London tallow sales to-day 484 casks were offered and 350 were sold. Prices mostly Is dearer. Current quotations are:—Mutton, fine. 22s 6d cwt; medium, 19s Gd; beef, fine, 23s 3d; medium, 19s.

Tho- Bank of New Zealand has received the following advice from its London office under date January 2:— Tallow. —There is a good demand. Current quotations: Good mutton,' 21s Cd to 22s per cwt.; beef, 21s 6d to 225; mixed, 21s Gd to 225; gut, 18s to 19s Gd.