COMMERCIAL

Poverty Bay Herald, Volume LXII, Issue 18596, 5 January 1935, Page 12

COMMERCIAL

EXPORT FAT STOCK NORTH ISLAND PRICE SCHEDULE 'The following was the schedule of prices being paid for fat stock for export in the North Island yesterday:— Per'lb. Lambs— d. Under 361 b 7} 37/421b T.J 431 b. and over (>} Seconds GJ Wethers— Under 4811. o| 49/5011, 5i 57/G4lb 4g 657721 b 4 Over 721 b .'HSeeonds 4i; Ewes — Under 481 b 33 49/561b 34 57/641b 2fi 65/7211) 2j} Over 721 b 2 Seconds 2 The above rates represent the price "on farm"' in the Wellington provincial districts and "on hooks" in Hawkc's Bay arid Auckland.

LOWER DIVIDEND

N.Z. AND, RIVER PLATE CO.

A further fall in earnings was experienced last year by the New Zealand and Bivcr Plate Laud Mortgage Company, Limited. According to cabled advice received toy the Auckland attorneys, the net profit for the year ended October 31 was £1(1,093, compared with £28,620 in the previous year. At the annual meeting, which will be held in London on January 5, the directors will recommend payment of a dividend of 3 per cent, (against 5 per cent, in the previous year). The dividend, which is payable less income fax at 4s Gd in the £1 absorbs £21,000, and £37,344 is carried forward, against £42,251 brought into the accounts. The sun: of £50,000 has been transferred from reserves to exchange provision account.

HASTINGS STOCK SALE

FAT SHEEP IMPROVE

lii the fat sheep section at the Hastings stock sale on Thursday lightlyfinished sheep unit ton of suitable freezing weights actually .sold better than Ihe really prime mutton, judged on a weight basis. Kates on this light class of ewe unit ton showed an improvement up.on those ruling at the last sale, of M'.il. Lamb and wether values were fully firm.