COTTON PIECE GOODS

New Zealand Herald, Volume LXXVIII, Issue 23965, 15 May 1941, Page 5

COTTON PIECE GOODS

BRITISH EXPORT QUOTAS POSITION STILL NOT CLEAR Cotton piece goods shipped from Britain since January 1, 1941, will be included in the export quota fixed for this year, according to cable advice received in Auckland yesterday. This information came from a large Manchester mill, one of several which had already notified their New Zealand customers that their allocation for this year was one-third of the quantity exported in 1910. The situation regarding supplies of cotton piece goods is still not clear j generally Some importers have had orders refused by British concerns which have stated they still await the determination of their position by the authorities. This attitude is interpreted by several importers to mean that export quotas already announced may not apply generally, but will vary according to individual circumstances. However, some British firms appear to have made it clear in messages that they still await decision from the authorities as to whether they are to close mills, restrict all output to war purposes, or to cater for export and domestic trade.

FLETCHER HOLDINGS CONFIDENCE IN FUTURE "I li.-ive every confidence in saying that in the coming year, at least, we can definitely look forward to maintaining profits at a level up to the previous year, and in times like this few companies would make a similar forecast," said Mr. James Fletcher, chairman of. directors of Fletcher Holdings. Limited, at the first annual meeting yesterday. Mr. Fletcher said that while the country must face a serious drop in building operations. due to lack of labour and shortage of materials, steps had been taken to ensure a continuance, and, in fact, an increase in the Government housing programme. This was possibly due to the utilisation of materials manufactured in New Zealand. The chairman added that the company had been fortunate in regard to larger contracts. Since the issue of the report acceptances had been received for over .i' 200,000 of new contracts. It was now definite that the plant and equipment of two new industrial plants, plywood and roofing materials, would be in production by alio.it September. Mr. Fletcher concluded with a tribute to tho factory managers, foremen and staff. The retiring directors. Messrs. James Fletcher, W. J. Fletcher, .1. T. Martin, Andrew Fletcher and E. H. Rhodes, were re-elected.

UNA lIILL PURCHASE GOLDEN CROWN PLANT Negotiations have been completed for the purchase, as a going concern, by the Una Hill Company of the entire crushing and treatment plant, together with buildings, mining leases, yater rights and privileges owned and operated by (he Golden Crown Gold Mining Company, N.L., at Komata. Crushing of Una Hill ore on a greatly increased scale will follow at an early date. YIELDS OF COMPANIES Alexander Mines (Reefton). —For April: 111 tons ore crushed for .Wioz. melted gold and JlSoz. bullion from 1Pt.60 tons of sands; in addition .'.so tons of concentrates were saved for ll.lloz.; total value, £S3G. Waitnhn (West Coast). —No. '2O paddock, final wash-up -lloz., making for paddock. SILVER AND TIN PRICES LONDON, May l.'l Silver is quoted at '2M 7-1 fill a standard ounce and .Vliid a fine ounce, against 2:iV' 2 (l and '2o\,d an ounce, respectively, for some time previously. Tin is fairly steady. Spot: Buyers. £'27o 5s a ton; sellers. .£."270 H»s Forward: Buyers, £■_'(lT 1 "is; sellers. £"2(>S. EGG PRICES UNCHANGED The Fgg Marketing Committee advises that (here is no change in the price of osrsrs. Standard hen are :ts V : d u dozen, and large duck '2s 11'.d. willi the usual differentials.