COMMERCIAL.

Timaru Herald, Volume XCVIII, Issue 15120, 14 August 1913, Page 2

COMMERCIAL.

TRADE WITH CANADA. UNDER RECIPROCITY. Press Association —By Tol. —Copyright. OTTAWA, .August 11. Although Canada and New Zealand possess a preferential trade agreement Canada's percentage of New Zealand's trade is less than that of those countries who have no preference. New Zealand's imparts from Canada were 900,000 dollars in the last fiscal year under preference, whilst imports not covered by preference totalled a million dollars. WHEAT ELEVATORS. COST OF INSTALLATION. SYDNEY, August 13. The report of Mr Burrell, an American expert, tabled in the Assembly, re-, commends, in order to inaugurate a system of bulk handling of wheat on an economic basis, that one terminal elevator bo built at Sydney and one at Newcastle, at a cost, with rolling stock and belt galleries, of half a million. If twenty-fivo additional elevators arc erected in the country tho cost will be increased by £300.000. Mr Bun-oil adds that New South Wales wheat is superior in quality to United States and Canadian. SALES OF MINING PROPERTY. SYDNEY, August 13. The Mount Oxide Mines in Queensland have been sold to a powerful London and Australian group of financiers, who are supported by the Consolidated Mines of South Africa. The capital will be £500,000. The Mount Balfour copper mines, Tasmania, have been sold to a. group of Parisian financiers. A French Company is being formed with a capital of £115,000. Connected with the scheme is a novel immigration project. The Tasmanian Government is granting forty acres each to approved immigrants, the company assisting immigrants for the first three years, while they assist in building the company's railway, cutting timber, and handling certain agricultural undertakings. '