ORDER FOR BOOTS

Poverty Bay Herald, Volume LXI, Issue 18586, 21 December 1934, Page 10

ORDER FOR BOOTS

Messrs. .Ross and 'Glendining, Dunedin, have obtained the contract for the supply of 1500 pairs of officers’ boots. This 'is the second Defence Department contract obtained by the firm, the previous one being for i 3.500 pairs of boots tor the rank and file.

Values in the store sheep section remain steady, but it is apparent that the majority of buyers have a preference for store lambs, and will await the advent of these before being drawn into competition. These last season were a source of considerable profit, and similar hopes will be held for the season to come. Wethers, on the other hand, were disappointing, and at the moment this seems to he remembered to their disadvantage. Values are lower than at this period last year. The ewe fairs are also awaited with interest and great enthusiasm is sure to he manifested when the time arrives.

ADDISON’S FLAT GOLD MINING

The Addison’s Flat Gold Mining Company, Limited, will pay a dividend of 10 per cent, on December 20. making a total of 43 per cent, for the year. Had the weather been more favorable for mining and water obtainable, the dividend would have been higher. No balance will be transferred to the reserve on this occasion, but a substantial sum had been placed to reserve previously.

DAIRY PRODUCE MARKET

Dalgety and Company have received the following advice from London dated December 19: “Butter. —The market is steadier at the. lower prices. Quotations: Danish, 102 sto 104 s f.0,b.; New Zealand finest, 69s to 69s 6d; Australian finest, 695. Cheese.—The market is steadier at the lower prices. Quotations: New Zealand, white 455, colored 42a to 42s 6d.”

An overseas company with large financial interests is carrying out tests at. tho Cromwell fiats, some distance from the township, with a view to building two dredges. If prospects are sufficiently encouraging, it is stated that tho dredges should be in working order in two years. The bed of the Clutha River has been dredged in the same vicinity, but improved methods of dredging applied in the last few years are considered to warrant tho new field bciug worked, should the results of the investigations of the experts be favorable. One report stated that the dredges in view would cost £ISO,(XX) each to install.

A net profit of £1599, the first earned by the company, is shown in (lie accounts of Amalgamated Tobacco Manufacturers, Limited, Auckland, for the 111 months ended November 1. This is applied to the reduction of the debit balance of £12,285, leaving a debit of £10,086 to be earned forward. The company lias a paidup capital of £81,994, The directors’ report, presented at the annual meeting, states that the financial position of the company has been improved by the issue of £8515 of debenture stock. This Was taken up 'principally by shareholders.