DOMINION'S GOLD

New Zealand Herald, Volume LXXVI, Issue 23274, 17 February 1939, Page 7

DOMINION'S GOLD

A DECLINING OUTPUT 151,0620 Z. IN PAST YEAR AUCKLAND'S IMPORTANT PLACE Gold produced in New Zealand last yeai; and entered for export totalled 151,0620z., valued at £1,057,434 at £7 an ounce. The quantity exported in 1937, according to the Mines Statement, was 170,7150z., valued at £1,423,348, and in 1936 the total was 166.2100z., valued at £1,385,003. The preliminary figures for 1938, therefore, are 19,6030z. lower than the export of 1937 and 15,1480z. below the 1936 total. Returns from the separate districts for the past two years are as follows: 193S 1937 District Oz. Oz. Auckland .. .. 55.538 66,003 Grey .. 22,677- 14,461 Inangahua .. .. 21,453 23,883 "Westiand .. .. 20,702 27,129 Otago . . .. 10,072 21,803 Marl, and Nelson .. 6,391 7,064 Southland .. .. 2,7.16 5,618 Buller .. .. 860 3,695 Other .. .. 1,253 39 Totals .. .. 151,062 170,715 Of the total production of 151,0620z., 60,7920z. was produced on the West Coast. Auckland was easily the second biggest producing province with 55,8380z. Including the 1938 retux-n the total quantity of gold produced for export in New Zealand since 1857 amounts to 25,202,9280z., valued at £103,740,308.

HUDDART-PARKER CO.

INCREASE IN DIVIDEND 2 PER CENT BONUS ADDED [BY TELEGRAPH —PftESS ASSOCIATION] WELLINGTON, Thursday The directors of Huddart-Parker, Limited, shipowners, Melbourne, announce that, subject to audit, final dividends of 3 per cent on preference shares and 6 per cent on ordinary shares will be paid for the half-year ended December 31. In addition, a bonus of 2 per cent will bo paid on ordinary sliares.

With the interim payments made in September the preference dividend for the year will be unchanged at 6 per cent and the ordinary dividend will be increased from 11 per cent to 12 per cent, plus the bonus of 2 per cent. In 1936 and 1935 the ordinary dividend was 7£ and 7 per cent, respectively. COMMONWEALTH FINANCES j SEVEN MONTHS' DEFICIT Expenditure by the Commonwealth of Australia for the seven months ended January 31 was £3,074,000 greater than revenue, according to a return issued by the Treasury. This is £1,761,000 more than the deficit for seven months of 1937-38. During Jamiary the deficit increased by £1,017,000. Revenue for the seven months was £48,365,000, and expenditure £51,439,000. Customs revenuo amounted to £18,573,000 out of a budget estimate for the full year of £31,250,000. This is regarded as satisfactory. SYDNEY WOOL SALES GOOD DEMAND CONTINUES (Received February 16, 9 p.m.) SYDNEY, Feb. 16 At the wool sales 11,538 bales were offered and 10,410 bales sold, 824 privately. The market was unchanged with good competition. Greasy Merino made 19id per lb. WAR LOAN STILL FALLING British Wireless LONDON, Feb. 15 War Loan, 3J per cent, jis quoted at £97 ss, compared with £9 ? 8s 9d yesterday.