NEW ZEALAND MEAT

Timaru Herald, Volume CXL, Issue 20260, 8 November 1935, Page 6

NEW ZEALAND MEAT

RETAIL PRICES IN LONDON The New Zealand Meat Producers Board has been advised by its London manager, that the following retail prices were being quoted for New Zealand lamb and mutton retailed in London during October, 1935. Per lb. d. Lamb Legs lli Shoulders 10J Loins -10 J Necks 6 Breasts 3 Forequarters .. .. .. 74 Hindquarters lOi Mutton (Wethers) Legs .. ~ , 9 Shoulders 8 Loins 71 Necks •, ~ ~ ... .. .. 3 Breasts ~ .. .... .. .. 3 DIVIDEND DECLARED By Telegraph—Press Association WELLINGTON, November 7. The Mount Lyell Mining Company has advised t’ - Stock Exchange Association that a dividend of 6d a share in Australian currency has been declared out of profits resulting from operations other than mining for the year ended September 30. The net profits were £65,912 after writing off £61,672 for prospecting development and depreciation and £5012 for taxation.

SHARLAND AND CO., LTD. By Telegraph—Press Association WELLINGTON, November 7. The annual meeting of Sharland and Co. Ltd. was held to-day. Definite signs of a recovery in the wholesale pharmacy trade were reported, and the chairman, Mr A. E. Mabin, made brief reference to the possibility of the establishment of chemists’ chain stores in New Zealand, but the subject was not discussed. A net profit £837 higher than last year was shown, and after providing for the usual dividend of 5 per cent., income tax, depreciation and bad debts, there was left £1656, increasing the carry forward to £6128. The retiring directors and the retiring auditors in Auckland, Wellington and Dunedin were all re-elected. FOREIGN EXCHANGE RATE The Bank of New South Wales, Christchurch, quoted the following rates as ruling yesterday for its sales and purchases of foreign exchange. The rates are subject to alteration without notice:—

AUSTRALIAN MARKETS Onlted Press Association—By Electric Telegraph—Copyright (Received November 7, 10.15 p.m.) SYDNEY, November 7. Wheat: Country sidings, 2/1 a bushel for bagged and 2/10 for bulk, equal to about 3/6 and 2/61, ex trucks, Sydney. Flour: £ll/7/6 a ton. Bran and pollard: £5/10/- a ton. Potatoes: Tasmanian £lO a ton; local new £7; others £9/10/-. Maize: Yellow and white 5/- a bushel.

ADELAIDE, November 7. Wheat; Growers’ lots 3/4 a bushel. Flour: Bakers' lots £ll/17/6 a ton. Bran: £5/7/6 a ton. Pollard: £5/12/6 a ton. Oats: Algerian 1/10 a bushel. Barley: 2/2 a bushel.

Buying. Selling. London— £ N.Z. to £100 St. T.T. 124 124/10 O.D: 123/10 124/8/9 Australia— £ A. to £100 " Z. T.T. 101 100/10 O.D. 101 100/10 Fiji— £ F. to £100 N.Z T.T. 90/7/6 80 O.D. 90/7/6 89 New York— Dol. to £1 N.Z. T.T. 3.98 3.94 O.D. 3.991 3.941 Montreal— Dol. to £1 N.Z. T.T. 4.021 3.983 O.D. 4.033 3.983 France— Frcs. to £1 N.Z. T.T. 60.64 59.34 O.D. 60.94 59.39 Germany— Reichmarks to £1 N.Z. T.T. — 9.626 O.D. — 9.631 Italy— Lire to £1 N.Z. T.T. — 48.04 O.D. — 48.08 Japan— N.Z. d. to 1 yen T.T. — 17 11*16 O.O. — 17 43-64 India & Ceylon— N.Z. d. to 1 dot T.T. 228 22 23-32 O.D. 221 22 21-32 Singapore— N.Z. d. to 1 dol. T.T. 388 35 5-16 O.D. 341 351