THE BENZINE SHORTAGE.
DIRECT SHIPMENT FOR TAIWNAKI. Messrs Burgess, Fraser Co., Ltd., New Plymouth, distributors for the Vacuum UU Co., have received advice that a shipment of benzine has been arransed to come to New Plymouth direct from America. It is supposed this is the cargo wind, will be broopbt by the steamer Lorain, which is scheduled to feuth" thiS W ° nth for New
A statement regarding the advance of ease in the price of kerosene, which was made on December 22, has been furnished by Mr. A. Q. Cate, manager in *ew Zealand for the Vacuum Oil Company. Writing from Wellington, Mr h B »!, S f y3: l The advance ia du " t° the o"ffiET at °T " l the c of Bntuh currency Si America, as well of K ™ni reaSe iPu rime COats at tlle source ot supply. When the last alteration ook pl aee in sell; . the rate o exchange was 4dol. 25cents to the pound i sterling, or, in other words, we received 17s s|d for each 20s converted Exchange has continued to fall ami we continued to bear the resultant Ls" unfal with exchange at sdol 70cents (15s fM), and with higher prime costs wo have no option but td "advance prices We would afco explain that whife th ft loss in exchange between August IS (when it was 4do! 2ocents or ifs g./j) 15a 2%d) amounts to 2s 3d in the nnnWl we are able, for the present to 1 mTtte increase m selling prices to ], J'cw Z* T l r in Z suecee dod in procur:
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Bibliographic details
Taranaki Daily News, 10 January 1920, Page 4
Word Count
263THE BENZINE SHORTAGE. Taranaki Daily News, 10 January 1920, Page 4
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