GENERAL CABLE NEWS

Rangitikei Advocate and Manawatu Argus, Volume XLV, Issue 12100, 8 July 1920, Page 5

GENERAL CABLE NEWS

HUGE war dealings.

United Press Asaociat ion -By Electric telegraph—O opynght. LONDON, July 6, T, o rd Inyerforth’s report on Ins dealing in raw materials Tn helialf of the Government has been issued. It shows thaty the total expenditure to the 31st of March, 1919. was 277 millions sterling. .The total turnover of 502 millions. The cos of administration amounted to while the nett profits accruing to the imperial Government were £ 1 1;3M,ris and the total profits f 39 , 641,810. Nearly twenty millions were paid out P rebates, and profits, on Home and Colonial wool. The expenditure for the year ended-31st March last exceeded a hundred millions, while, cash receipts were ove r> 179 millions, bringing the totals to. Receipts, £393,435,146. "expenditure, £375,273,174. The accounts sl\ovved: that all the monev advanced by the State tor the ™n-chase of raw materials had been refunded with interest, although large stocks, especially of Colonial wool, jvcrG still unsold.

BIG PRICES FOR RAMS.

'' SYDNEY, East Night. The Merino stud ram "Goliath” was sold for fifteen'hundred guineas,, and another one for six hundred guineas.

WOOL SATjES.

LONDON, July 7

At the "wool sales yesterday 10,088 Wales were catalogued, mostly faulty merinos and medium and low crossbreds. Tw'O-thirds were withdrawn. Prices were par to 5 per cent, decline on last London closing rates.