COMMERCIAL

South Canterbury Times, Issue 7294, 25 August 1893, Page 3

COMMERCIAL

{tXB BIKOTEtt) ThbOBAIH—CoPYKIOHI. ( (FbbPeiss Association.) I Received 10.40 a m.. August 25th. | London, August 24. j General Newmarch has promised Mr ( J. H. Geddes, manager of the Pastoral financial Association of New South Wales, every assistance in supplying [ Indian troops with frozen mutton from the colonies. Mr Geddes has with the assistance of Messrs Danger and Grant, completed the scheme, the substance of which was cabled last month, respecting European com. panics. A powerful directorate is being , .appointed, and the shipowners are taking shares. The agreement with ithe shipping companies provides for the mecessity for different, though uniform, 'temperatures for frozen meat and butter. TMV Geddes considers that though the tUni?ed States and Argentine Republic are {formidable rivals to Victoria and New South Wales, if they imitate Queensland in the support accorded to refrigerating works, the scheme is sure to fee successful. Received 11.10 a.m., August 25th. The bank rate of discount is 5 per cent. The Bight Hon. J. G. Shaw-Lefevre ba* been appointed Chairman of the Commission appointed tp devise means to to relieve the existing agicultural depres•ion. Sydnst, August 24. At a meeting of the creditors of Messrs Moutefiore and Josephs, the direct liabilities were stated at £74,000, and the assets, jnbject to realisation, at £70,000. Most

of the liabilities are due to English firms. Much sympathy for the firm was expressed at their misfortune.