STANDARD INSURANCE

New Zealand Herald, Volume LXXIII, Issue 22493, 10 August 1936, Page 5

STANDARD INSURANCE

TOTAL INCOME HIGHER RESERVE FUND NOW £270,000 Tlio Standard Insurance Company, Limited, Diniedin, reports a net revenue for tlio year ended .June <'i() of £15.),2.'>1, against, £175,702 in the previous year The amount brought forward is £20,050. After payment of an interim dividend of Is .'id a share and making mil provision for all ascertained losses, and for taxation and other appropriations, including £IO,OOO placed to tlio reset vc fund, the surplus available is £".",5.')2, compared with £.'>2,550 in the previous year. As stated in the Hkuat.d on Saturday the final dividend is Is 3d a share, making 12J per cent, unchanged, for tlio year. The final dividend requires £12.500, leaving £20,002 to be carried forward. Tlio allocation to general reserve increase* this account to £270,000. Paid capital is £200,000 in 200,000 £5 shares paid to £l.

PRICES OF METALS TIN DECLINES AGAIN (Received August 0, ri.fi p.m.) LONDON, Aupcust S Following were yesterday's quotations on the London metal market, compared with those of August G: — Auir. 7 A tier. (! l'er ton l'er ton _ C s d .C s d Copper, stin., spot 8S (i in'/, 8« 8 Copper, stan., 8 mos. as l;i \/ J ;{s s j'/ 3 Copper, electrolytic 42 5 u 42 o o * to to 42 15 0 42 10 0 topper, elect., wire bars .. 42 15 0 42 10 0 T-ead, soft, spot .. Hi I.V O I<> 8 !) Lead, soft, forward Hi 17 (j Hi 7 <i Spelter, spot . . 18 S <) 3,". lo 0 Spelter, forward 18 18 !> 18 15 () 'l'ii', stai., spot . Is-_> |5 o is | 2 (i Tin, stan., mos. JTP 12 0 ISO t ti Quotations for other metals, with prices on July 2.3 in parentheses, are: Pig iron: Home trade, £3 12s Gd (£3 12s Gd); export, £3 12s Gd. (£8 12s Gd). Antimony: British, £G4 15s (£GI 15s); foreign, £lO (£11). Molybdenite: £1 IGs Gd (£1 IGs Gd) a unit. Wolfram: £1 5s (£1 7s) a unit.

FOREIGN EXCHANGES FLUCTUATIONS IN LONDON British Wireless RUGBY, August 8 Tho following rates on foreign exchanges were current yesterday, compared with the cabled quotations 011 August G and par:— Auk. 7 Aug. 6 Pur Montreal, do!, 5. ()•_'% 5.02 4.8»i0 New York, dot. 5.02 0.1 rj 4.8(10 Paris, fr. .. Tti/ja 70% a ]21.2L Brussels, belga 21).*3 2!».iSOVa 'to. 00 Ueneva, fr. .. J~>. I2 1 /i 3,">.10 25.22 Amsterdam, fl. 7.10% 7.30'/ a 32.10 Milan, lire .. (>3;, (j:i\ 02.40 Berlin, r.in. .. 32.1!)y a I'J.ISVa 20.13 Stockholm, kr. 30.00 3!».!>0 18.150 Copenhagen, kr. 23.37% 23.37 1 / 2 18.15!) Oslo, kr. .. 31).!X)Va 3!».s>oVa IS.lot) Vienna, sell. .. 2(>'/ a 20'/ a 111.585 Prague, kr. .. H IV 3 J2I V, 301.25 llelsingfors, in. 227 11)3.23 -Madrid, pes. .. 3N'.,t 3Kt 25.221 Lisbon, eseu. .. 10S% 308% 110 Athens, dr. . . fVJS 52t> 375.00 Bucharest, lei. 075* 075* 813.0 Kio tie Janeiro 4%d 4%d G.sOOd Buenos Aires, d. 35d 3."xl 47.01Ud Montevideo, dol. 38>id* 3b%d* 51d Bombay, rupco 1 SVnd lS%d 18d Shanghai, dol. l<l'Y,„d ]4'y ls d Hongkong, dol. ll a ? 3 ad 11' Vied Yokohama, yen I4 ll / 33 <1 14 24.58 d Batavia, fl. .. 7.30 7.30 12.10 . Belgrade, din. 22U '2lO 270.31 Warsaw, zluty 'Sellers. -(Nominal.

(Received August 0, 5.5 p.m.) LONDON, August S On the foreign exchange market today lho following quotations ruled: New \ork, 0.(J2.| dollars; Paris, francs; Batavia, 7.J37 florins. NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates on Saturday, 011 a New Zealand currency basis, subject to alteration without notice: — Selling: United States Canada On demand . . 4.03% 4.03% T.T 4.U2/4 4.02% Buying: 011 demand .. 4.07% 4.07'/ a Following are tho latest rates for purchases and sales of foreign exchange quoted by the Bank of New South Wales, Auckland. They are subject to alteration without notice:— To £1 N.Z. T.T. On Demand Currency Selling Buying Selling U.S.A., dol. .. 4.02'.4 4.07% 4.03% Canada, dol. . . 4.02% 4.07% 4.03% Austria, sell. . . lio.wi Belgium, helga 23.528 C/echo'vakia, cr. 5)0.00 Denmark, kr. . 3 7.8!)3 38.203 3 7.1103 France, fr. .. 01.03 —• 61.07 Germany, r.m. . 0.000 Holland, fl. .. r>..S!i7 Java, 11. . . 5.857 Norway, kr. . . 15.Mil 30.211 35.001 Sweden, kr. .. 35.1*0 15.5-14 15.41)0 Switzerland, fr. 1 L'.'JiiO Noumea, fr. . . 5D.00 Papeete, fr. . . 50.51 —N.Z. pence <o—

Hongkong, dol. 18 63-64 17 57-64 18 (11-01 India, rupee .. 22 20-:82 22 1-32 22 57-0 1 Ceylon, rupee . 2'J 20-32 22 1-32 22 57-61 Japan, yen 17% Shanghai, dol. 18 7-1(5 17'/ 4 1827-64 Singapore, dol. 35 31-(84 31 15-64 35 15-32 The cost in New Zealand currency of the pound sterling, and of the principal overseas units, on the latest quotations, is as follows: — Present Price Far s d s d Australia, pound .. lit 10.81 2') 0.00 London, pound .. 21 10.(15 20 0.00 Fiji, pound . . 22 5.(1(8 20 0.00 New York, dollar .. -1 11.4(8 4 1.31 Montreal, dollar .. 4 11.12 4 1.31 j'aris, franc . .. 0 3.02 0 I.OH lierlin, reichsmnrk .. 1 11 .so 0 11.71 Copenhagen, krone . 1 1.33 1 1.22 Yokohama, yen 1 5.15 2 0.58 CUSTOMS EXCHANGE RATES Hates of exchange ruling at the announced dates of departure of vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned. Finally declared rates are marked*: Canadian Conqueror, America, dollars '5.03 Canadian Conqueror, Canada, dollars *5.03 Brisbane Maru. Japan, yen .. .. *1 Id Rciyo .Marti. Japan, yen .. .. *lld Ardiburlon, America, dollars . . 5.01% Canadian Scottish, Canada, dollars 5.02 LONDON APPLE MARKET (Received August 0, 5.5 p.m.) LONDON, August 8 Prices of apples are lower. New Zealand sorts by the Coptic and Durham are quoted as follows: —Stunners, 6s 6d to 9s; Homes, 9s to 10s. COTTON, RUBBER, COPRA, ETC. (Received August i>, 5.5 p.m.) LONDON, August s (Quotations on July 25 in parentheses.) Cotton. —Spot, 7.02 d (7.33 d) a lb.; September delivery, G.sld (6.86(1 August). I'ubber. —Para, IOJd (9Jd) a lb.; plantation and smoked, 7«d (7gd). Jute. —A iigust-Septembcr shipments, £l7 15s (JL'lli 7s Od July-August) a ton. Copra.—August - September shipments, South Sea, sun-dried, £l3 7s 6d to London and Hotterdam (£l3 ss) a ton; South Sea, smoked, £l2 17s 6d to Marseilles and Genoa (£l2 15s); plantation, Habaul, hot-air dried, £l4 7s 6d to London and Rotterdam (£l-1 ss). Linseed 0i1.—£29 10s (£2B 15s) a ton. Turpentine.—4lg 6d (-10s 3d) a cut.