COMMERCIAL

Poverty Bay Herald, Volume LXIV, Issue 19334, 26 May 1937, Page 9

COMMERCIAL

PEDIGREE JERSEYS NORTir TARANAKT. SALES A record attendance of buyers I'roni both islands marked ("lie Jersey week series of sales in North Taranaki. The opening sale was the dispersal of Mr. 11. Sal way's Una Crook stud. The top price [•aid was 130gns., for the herd sire .Mourier's Oxford bail, which was purchased by a New Plymouth buyer. For a daughter of this bull 80gns. were paid. Young balls were in keen demand, and Signs, were paid for ;i son of the imported Brampton Royal Itexmorc.

Evcrv one of the 117 animals submitted found a purchaser, the cuttle being distributed over the North Island and one going to the South Island. The other half of the herd will be sold to-morrow.

There was a refreshing keenness about the sale. The prices were satisfactory, the average on Monday being about 22gns.

TRUSTEES, EXECUTORS CO

BUSINESS IN DUNEDIN The report of the Trustees, Executors and Agency Company of New Zealand, Limited, ' Dunedin, for the year ended March 31. shows a net profit of £3709, against, £3532 a year ago. Together with the balance from last year of £10,046, there is a credit of £13,755. An interim dividend of 4 per cent for the half-year ended September 30. 1936. was paid. The directors now recommend the following appropriations:—To a dividend of 4 per rent (making 8 per cent for the year). £800; to be written off freehold ' property account. C 450; to be written off office furniture account, £450: leaving £11,255 (subject, to income lax for the year jn-l eudel) to no carried forward.

The year's dividend is unchanged

BANK OP N.S.W

ACTIVITIES IN NEW ZEALAND

vSYDNTY. May 25

Referring to the reported purchase by the Hank' of New South Wales (d an additional properly in Queen sheet, Auckland, officials of the bank in Sydney disclaim any intention of enlarging the scope of the bank's activities in New Zealand by entering the savings bank business. The Sun states thai there is no concerted move by the trading banks in New Zealand to exploit further avenues of business ill view of the loss of profit, on the exchange since Ihe Labour Government placed the financing of the Dominion's dairv produce exports with the Reserve Paul;.