COMPANT AFFAIRS

Wanganui Chronicle, 19 August 1950, Page 7

COMPANT AFFAIRS

DIVIDEND PAYMENT Mine anj choree. Ltd.: Final, all shares and debenture slock, 5 p.c. making 10 p.c. tor year (unchanged), plus bonus of 1 p.c.; payable Oct. 1. ex Sept. 17. COMMODITY MARKETS The war in Korea and the uneasy international political situation is beginning to have its effect on the world's commodity markets, state A. J. Mills and Co.. Ltd., in their monthly bulletin. With most countries Increasing their expenditure on armaments it is natural that the markets for base metal, rubber and other raw materials required for armament. would "react to the increased demand. Regrettably in some European countries there has been a considerable rise in values of some food commodities, brought about by scare buying by the public. So far there has been no sign of any excessive hoardiog by the consign of any excessive hoarding by the conquite calm. CROCKERY INDUSTRY . "Turnover in the crcckcry section of the Auckland company is still very seriously curtailed due to large importations of duty-free crockery.” state the directors of Brick and Pipe Investments. Ltd., m their annua report. "The directors’ efforts to procure protection for this part of our industry comparable with that enjoyed hy almost ail other industries in New Zealand have so far been, without success. The crockery section of our industry is one of tho very few New Zealand industries which has to compete against duty-free imports. Furthermore. New i Zealand is one of the few countries ir. the I world which does not impose tariffs on imported crockery."