MONETARY AND COMMERCIAL.
fSPKCIAIi TO PBBBB ASSOCIATION.] "[Eeceived July 21, at 11.20 a.m.! ) LONDON, July 20. There has been an all-round rise in Colonial Government stocks, owing 1 1 considerable purchases for the purposes of investment. At a meeting of the shareholders of the New Zealand Trust and Loan Company, the Hon C. C. Bo wen said that New Zealand was slowly recovering from her years of depression. It ■was premature to speculate upon the effect of the new taxation. Two-thirds of the Company's money was invested in Canterbury, and if allowed to remain they would soon regain the old rate of dividends. Sir C. Clifford, Chairman, and Mr P. J. Dalgety, Deputy Chairman, were reelected Directors. A dividend o£ 9| per cent was declared, and .£4500 carried forward. The quantity of wheat and flour afloat for the United Kingdom is 2,072,000 quarters, and for the Continent 80,000. Bank of New Zealand shares, new issue, £7 53 ; old issue, .£5. National Bank of New Zealand, -£1 10a.
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Bibliographic details
Star (Christchurch), Issue 7340, 21 July 1892, Page 3
Word Count
167MONETARY AND COMMERCIAL. Star (Christchurch), Issue 7340, 21 July 1892, Page 3
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