COMMERCIAL.

Otago Witness, Issue 2604, 10 February 1904, Page 32

COMMERCIAL.

A London cable quo Lea silver at 2s 2d per oz.

JJliot part or tiio Memvale Eitaip known The Dune-din City Council invites tenders for tho purchase, of 1650 £100 debontuies for the purposes of tramways and waterworks extension. The debentures will bear interest at the late of 4£ pea- com., payable half-yearly. .

The Taipo Explosive Syndicate (Limited) lias accepted tenders for tho erection of a factory for the- manufactuie of its new explosive, at D-iborah Ba}-. Lt is expected that th© buildings will bo completed and tHe machinery erected within eight weeks from date-.

I The directors of the Union Bank cf \usI tralasia have declared a dividend of £1 5s I pi-r share lor the iialf-year, equal to 10 percent, p-r annum. The <. a inu is now payable j to tho colonial shareholders. I Tr.a CaviML-haiu }3cruu»n Council in\itos tenclers for tlto £20.000 Kxlcciptio-i loan made up of 200 debenture-, oi £100 c acli at the rate of H per cent., and lopajablr ' on the Ist day of M-n-, 1925. :.t t'.K> Bank of Aew Zealand, Dunedin ; aho for Jh e St' Ola.r waterworks ledcinption loin of £2000' made up of 14 debentures ot £io3 cacJi and one debcMihue of £133. b.vn.l* .n^noi at Ihe Uore Boiough Council invites tenders o°f r |lo0 PllrClaS f ° f - il numbw Of of II ?n? n I bcanng lntc ' res t at the rate oi H per ccait per annum. The debentures compnso the balance of the electric l^ht loan, drainage loans, ami water supply loans, and are Bt-curocl by special iptcs on all rateable property in the Borough of Gore