Page 22 Advertisements Column 3

Otago Daily Times, Issue 22911, 19 June 1936, Page 22

WOOLWORTHS (N.Z.), LTD. A BONUS SHARE ISSUE. (United Press Association) (By Electric Telegraph—Copyright) SYDNEY. June 18. (Received June 18, at 6.10 p.m.) Woolworths (New Zealand), Ltd., is making a bonus issue in the proportion of two shares for every five held on the register to-day. SALE OF CHEESE OUTPUT It is reported by the Southland Times that the Woodlands Dairy Factory has sold its surplus manufacture of cheese, to the end of the season, at 7d a pound, f.o.b. CAPITAL IN ARGENTINA FAIR TREATMENT WANTED. Referring (o the losses suffered by British capital interests in Argentina. Lord Howard, of Glossop. chairman of the Third Guardian Trust, said at the annual meeting in London that it. was essential for Argentina to_ maintain its place as the great larder for the manufacturing areas of tiie world, and to do this a conciliatory attitude toward problems of international exchange of goods and services was essential. “Great Britain takes about 40 per cent, of Argentina’s exports, but we send in return only about22l). 1 ) per cent, of her imports.” he said. “Great Britain is thus entitled not only to expect fair treatment for the millions of British capital invested in that country, but also to look for a sincere attempt on the part of the Argentine Government to increase further the return trade from this country. Even in the best of times the return on the £270.000,000 British money invested in Argentine railways had never been oyer 3J per cent „ and the figure has now fallen