COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18066, 18 April 1933, Page 10

COMMERCIAL

BUTTER MARKETING SUPPORT FOR F. 0.8. SELLING Realising that many regular layers and distributors of New Zealand butler at Home are open to purchase 1’.0.h. from tune to time, and having experienced the value to them of this regular f.u.b. cash market and fearing that all attempt may he made to remove or cur--1 tne r right to serve it, certain pronie t co- p.-rat.ve cla.ry companies ui the Auckland prov.nee are calling! a ine,.t ng a the near future with a view to f.-rui-ng an association ol all dairy coiitpan.es in New Zealand which may re interested, and have pledged their support to Ji.' f.JI wing onjectiVe :■ — A i association of dairy comp.m e:s to

.serve the freedom and right which h y at present enjoy to sell their produce f.u.b. or otherwise at any pri< e

Amy chouse to accept and for any tune jf ill-live,y, the iL-lively (as at present) :> ng consistent with the method ol spreading shipments as carried nut by the New Zealand Dairy Produce Board. UNION STEAM SHIP CO. DIVIDEND -1 PER CENT The balance-sheet, of the Union Steam Ship Company of New Zealand, Limited, as at September 30 last, shows that the ordinary capital of the company is held by the P. and O. Company, which receives a dividend tor tin- year under review of 4 per cent, Ihe same as for 1930-31, and comparing with 8 per cent per annum for 1924-2.7 to 1929-30 inclusive. The balance at credit of profit and loss, £119,564, is including tHo amount brought forward from the previous year, and compares with £129,206 at the end of the previous financial year. The paid-up capital of £3,000,000, of which £1,000,000 is in ordinary shares, remains the same as at September 30, 1931; reserves, at £150,000, are also unchanged; insurance fund is at £883.537, against £890,123; and sundry

-reilitors, etc., total £1,601,838, against £1.632,152 the previous year.

Fleet payments on account of new vessels and investments stand at

'1.927,996, against £4,857,021. Ac cording to Lloyd’s Register, the com

punv owns 54 steamers and three motoi vessels, aggregating 199,709 tons gross md averaging about fourteen and a alf years of .age. As, however, an - -stated amount of investments is in- ■ ’nded in the figure mentioned, in adlit ion to an unspecified sum in respect if payments on account of new tonnage, it is impossible to ascertain the value at which the vessels appear in tinbooks of the company. Hulks, etc.. coal, stores, land, and premises at £550,564 compared with £030.440, and undry debtors and cash now total £225,380, against £314,020. The share list is as follows: — 1,000,000 cumulative 51 per cent. pref. shares at £1 1,000,000 1.000,000 cumulative 51 per cent pref. B shares at £J 1,000,000 1,000,000 onl. shares at £1 1,000,000 £3,000,000 The maize market at Auckland is unchanged. Stocks are firmly held and the present price is about 5s 2d a bushel through store. _____