COMMERCIAL.

Press, Volume LVII, Issue 17124, 20 April 1921, Page 7

COMMERCIAL.

THE PRICE OF BUTTER.

1 (sraciAL to "not nun.") WELLINGTON, April 19. A message from Auckland, published to-day in Wellington, regarding the butter arrangements, states that the producers aro to receive 2s Old, and that the Government is going to pay a subsidy of 2d per lb in order *hat tho retail price may remain at 2s 3d. The actual position, as stated by th» Director of Agriculture, is that th« factory prico is to bo 2s l|d. Charges between the factory and tho consumer amount to BJd, making tho counter cost 2s sd. The Government subsidy of 2d will keep tho prico ab 2a 8d over tho counter.

£IO,OOO A TEAR.

WOOL DIRECTORS' SALARIES. Ono of the questions for settlement in connexion witih the affairs of tho British Australasian Wool Realisation Association was tho remuneration to bo paid to tho .chairman of tho company in Amtralin, Sir John Higgms, and to tlw managing director in (..reat Britain, Mt Arthur Goldfinch, says tho Sydney ''Morning Herald." Sir Arthur Goldfinch was consulted, and he stipulated Uliat he should reccivo £IO,OOO per annum for his services. Tho matter was given full consideration by tho controllers of the growers' organisation in Melbourne, other than Sir Jcton Higgms, and it was agreed that as chairman of tho company he should not bo expected to accept less t*han was paid to oir Arthur Goldfinch. The mattci waasubscquently considered by the Boarf of tho Association in Sir John Higgw* absence, with tho result that tho annual fee for Sir Arthur* ftoldfinch and Sir John Higgins was fixed in each case at £IO,OOO.

THE SEARCH FOR OIL.

PAPUA OUTLOOK NOT SO HOPEFUL.

(FROM OTTB OWN OOERESPONDKNT.) SYDNEY, April 18. Although hundreds of thousands ol pounds have been spent by the Federal Government and by private firms W seeking for oil in Australia, and in th.' neighbouring territory of Pnpua, nothing worth while has been found—and now both Government and people ar» beginning to regard tho search as nopeless. There is, apart from the value ot oil, plenty of inducement to search. The Commonwealth oSors a reward, ol £25,000 for oil in payable quantities, and tihe Now South Vales Government. has aUo a standing offer of 4 £IO,WW. Oil is suoh a tremendously important thing in this country of wide distance*. Tho motor, in cars and aeroplanes anil road transport, promises to *lve many of Australia's most acute problems of communication—if only a cheap fuel for the motor 'can be found. At present, Australia is in the grip of tho overseas » oil trusts. „ . , , The hopes of Australia certainly centred on the Papuan oil seepages. There are signs of oil all over western Papua. In one or two places it u acta- • ally trickling from the earth at the rate of two or threo gallons a week; in others, there is such a strong outflow of gas that it can be lit and, will burn for hours. Government engineers and experts have been digging about in this wild and lonely country tor .year*, «nd they have discovered nothing worth while. There is oil about, they say—but search and bore as they will, they cannot find it in sufficient quantities to give it commercial value. * A couple of years ago, a working alliance was made between the Commonwealth' Government and tlho Anglo-Por-sian Oil Company, and a combined expedition was sent away into Western Papua. A report just received from the men in charge is of a gloomy ami pessimistic character. ESs summary i» couched in terms of geology, bat it seems to indicate that tho wide area already examined is, very much disturbed by faults, and is not favourable to the accumulation of oil in commercial quantities ; and there is no structure in the area examined good enough to warrant further testing. Tho report also emphasises the tremendous difficulty of getting to the uncivilised country, and of maintaining communications. It is being pointed out that this is the kind of report that must bo very welcome to the "powerful and wealthy organisation' liko the Standard Oil Company.

METALS. ' (By Cable—Press (AustaaHan and NJZ. Gable AssDtssttttJ LONDON, April JB. Copper-HSpot 469 10* Bd, formal OOIitL Sleotrolytio, £7l to £74. Lead-Spot £2O 18s 6d, forward £3l at. Spolfer— Spot £25 17s el, forward £27. Tin—Spot £169 2m Set, formed £l7l U *L Silver—BsJd per oz. -

DAXKY PBODTJCE. Dalgety and Company, Ltd, hat* received tho following- cablegram from their London Office, dated April 10th:— "Dairy -Produce.—Daaieh batter » ale* of Bale at 276s to 280s per cwt. For Otttomsunt stocks of butter there is a good Atanad nt unchanged prices. Obsess AfsflaMs stocks lavo been cleared as ajproviaton against the threatened strike. We> tAMte present value of New Zealand cheese: white 1425, .coloured 1625. The latter temporarily is catoemely scarce."

THE BJLW.R.A. . (sroctu. to "thb nxn. u ) ' WELLINGTON, April la. Mr A. E. Mabin, who was Mat to AutnHa to difcur» the wool nwlimttaa schema wMi the British Anstrelasisn "Wool BealisaUoa Association, is still in Melbourne, where 1m is in close touch with the rqjfesentsthys of the Association. Sir John Hlggias, who it the head of Dhe Aecocktion in Aturtrstts, cabled to the New. Zealand Government Uurt he would be very pleased to meet Mr Ifaltts and discuss tho whole question wits Mm. Be'added that he would be glad to do *mrthing possible V> facilitate a. satisfactory «&• dcastonding between the Association «d tie New Zealand producers. Sir MtWa hss since cabled that he has met Sir John Biggins, and expects to Ret asms further Information from him within a far darsv

PBODUOEB? SHIPPING LXNB. (PHES3 ASSOCIATION nLKQBAK.) PALMERSTOW NORTH, April 10. A. meeting of the Ifanawatu A. and P. Association carried a motion favouring the Inauguration of » shipping tin* for th» baaafit of producers and exporter*. It ww aeeJdea to ask tho Hon. Sit Thomas MackoiuK ML.C, to represent the Aeaodation at • conference representative of the agrieultaral and pastoral institution* throughout the Empire, to he held in London daring the summer.

MANUFACTURERS' IRSUBASCE ASSOCIATION. (HUBS ABSOCUTION TOJKttilt.) DUNEDIN, April lft, At s> meeting of the Uamifactuiefe' Association, held to-night, it was decided to promote an Accident Insurance Company, to be called the Manufacturers' laturaaoa Association of New Zealand, Ltd., with a nojaisal capital of 420,000. divided into 00,000 share* of £1 each.

PROP IN DOMINION'S EXPORTS. (UUS ABSOCIATIOX TBJKMAM.) WELLINGTON, April IS. The total exports from the Dominion tat the twelve months, ended February OBlfc. show a drop of over five millions, compared with those for the previous year, but the figures for «he first months of the present year show a marked recovery.

WOOL EXPORTS. (rBSSS ASSOCIATION TKtSOXAK.) » WELLINGTON, April 10. For the yW ended February 93th, tho wool exports of the Dominion ehowed a tig drop, being valued at £10,030,891, aa compared with £16,182.590. For the twomonthly period ending the etme date, the

RECORD OF MORTGAGES, (FBKSS ASSOCIATION TEMBKAM.) " WELLINGTON, April 19. •The numher' and value of mortgages registered in the Dominion during the first eleven months of the financial year 1920-21, constitutes a record. The • number registeredTwaa 63,720, of a total value of £63,278,749, as compared with 42,662, of a total value of £48,442,900. for the whole of the WIMO year. The irninhur of mortgages diEchar£3d Murine the'financial year 1920-21 was 37,212, of the value of £28,009,632, -'compared with ' 83,937, of *the. value of £23,086,746 in the preceding year.

TENDERS ACCEPTED. (PBVM ASSOCIATION TELEQBAM.) • ' . WELLINGTON', April 19. The Pnbldo Works Department has accept- " ed the 'following,.tenders in connexion with the Waikato hydroilectrio'power scheme:— Hoop iron; telephone wire, wire cable, and eoaoh screws—DiitluV and Co., Wellington. 01%iit.nails— Corxy, Wright, and Salmon. ,Copper cable—S. Green, Ltd., Sydney, £26,877. ■••, ' ■. \ ■ ' . High-tension telephones—National' Electri- ' cal Co., £Bl7 at the exchange" rate of four . ' r doliw»'.tb the'£.; . .' /'.v> ; ;7"THB PEOTT CROPS. \ ;•

.CONDITION AT END OP MARCH. ' Tiho Director of tobe Horticulture Division of ■tbe Agricultural Department' has received the following reports from Ms officers regarding the'conditions of the fruit crops at the end of March:— Nelson.—Apples: The harvesting of early varieties has been completed, and'the bulk :of the crop has been taken from such mideeaaon sorts> as Dunn's Favourite, Jonathan, Aliington Pippin, Cleopatra,' 1 and London Pippin; a commencement ihas been made with the harvesting of Delicious and Winter Pearmain. Netrrariiies and 'Peaches: A few being gathered. Peore: The pear crop generally is of good quality; the followjug varieties hove been 'gathered Juring the monrth:—Beurre Bosc, Winter Cole, Vicar of •WanfcSeldf. Elizabeth Colo, Doyenne du Cornice, Josephine dt) Halines, and Duchess of D'Angouleme. Plums: A moderate crop ins been gathered; the crop of damsons 'and Golden Drop prams las been very fair. , x Motueka.-rAppks: Early varieties gathered ;. export 'warjc well in hand. Cape Gooseberries: "Now picking. Lemons: Looking well. Pears: Early varieties harvested; Winter Colee being picked; fair Quantity keeping varieties betas gathered and prepared for 'eorport.' Strawberries: Finished.. Tomatoes: Still picking. Walnuts: Being gathOanterbnry.—Applies: A good crop of dessert varieties; very light crop of cooking varieties.'.'-On the whole * throughout the district there is very little black spot. Nectarines; : A good crop; now finished. Peaches: A'good crop; only, late varieties remain to* be. disposed of. Pears: A good average crop; the percentßjte affected with block spot ig> Tery small. Plume: A good crop; praotaeally finished; brown rdt baa. been s'ightly in evidence. Plums (Japanese): A good crop; now finished. Tomatoes: Outdoor, a Tcry good crop. . Walnuts: A Rood crop.- ' South Canterbury.—Apoles: Good. Peare: r Good. Tomatoes: Good. Walnuts: Fair; ,«» season .has heeri fairlv good, but the conweather, is affecting .the sise »of lale't varieties, and wajxi i& r much needtii. Pears.and apples ore very clean of spot, and " i are iriosfly, showing good colour. Outdoor tomato growers ire having a good ,eeaeon, al'tboiagh. the fruit is mostly on the small side. TBADE NOTES FROM SOOTH AFRICA. ' (nOll OT7B OWN COBRBSTONBBNT.) * ' PD3TEBMAKITZBTTBG, March 7. . " * DIAMOND SLUMP. There is much distress .and' poverty prevalent as the. result of the slump in diamonds. Not only has there l been extensive retrenchniiSTttftt the great De Beers(Kimberley), Prexuier, and Jagersfontein mines; but the effect of the slump of the alluvial, diggings, in the Western .Transvaal has been appalling. .Star- • vation and. sickness are widespread and, so '' Jar the Government and provincial, authorities have to sfiorS much relief 'to the distresse'd.- Enterio fever has broken -. out in eome.of'the diggings. THE DOWNWARD MOVEMENT IN. -" . :.: 4 prices. •'.,:■'. : '. • In-wymtpathy vwith the rest of the; world, ■ there is a- downward movement, jn prices in almost »U trades. Generallyy- freaking—especial!*! in, the soft goods trades—the wholesalers axe overetodced," but the retailers are still doing generally good business, j Farming' 'piodnoe and stock are much lower in price, and, generally speaking, the whole of the .ii,sinea»'world of South Africa is in the throes of & financial relapse. * ''' DECLINE IN MAIZE PRICES. There' has' been an enormous ' decline in n-aiite prices since Mp * last, due largely to " {he increase in the Argentine production. In -ijw "last the Johannesburg prices' ranged from 28s to 33s 3d, and the oversea prices • from 83b,3d to S3e'4d. In the following! month' there was a drop of SO per cent, in Johannesburg prices, which-were quoted at

£O3 6d to 23s 9d. Each month following witnessed a steady decline in prices, until they Teachcd 123 9d to 13s lOd. The Argentine is iho biggest maize exporting country, and the price of maize in Europe really depends upon it. The production of the Argentine ivfts 72 million bags in 1920, as against 62 millions in ;i919. ■ South' Africa produced 12 million bags in 1920 and 11 millions in 1919. The area under maize in South Africa in 1920 was 21 per cent, below that of the' 'previous year, and the crop 22 per cent, below I rrormal. THE "WOOL DEPBESSION. The present depression in the South African wool trade 1 is said to be worse tnan any) previously known by the industry." There baa been a fall of no 'less than 60 per cent, in prices, end lately trade has been at a standstill. Efforts have been made to arrange,'if possible, for the export of wool to Germany. Late nominal quotations have been:—Choice deep-grown 12 months, skirted lGd toil9d; good regular 12 months, skirted lOd to 13d; average regular twelve months 8d to lOd. At the request of the Union Government, n. deputation went to Germany and interviewed textile manufacturers, bankers, Government officials, and others, with a view to the re-establishment of Continental • markets. This was done in consideration of the abnormal accumulations!of wool in Great Britain, and of the fact that, prior to the wfl.r, Ger-> many had been a very large buyer of South. African wool. The negotiations, however, proved fruitless. - >. . '. Conversations were then opened with the Imperial Government, and, as a. happy reit is officially announced that the Imperial Government is willing to purchase up to 100,000 bales of laet season's clip. The schedule of pTices for various types of wool is to be ths schedule of 1913-14 prices used for the 1917 wool scheme, but "the 1917 addition of 55 per cent, is withdrawn. On the other hand, 50 per cent, of any profit realised on the re-sale -will be credited to the Union C-overnment on account of sellers. No cash, payments will be made by the Imperial Government, but the cash disbursements' by the Union • Government 'will be deducted from, that Government's indebtedness to the Imjerial Government. The disposal of the new dip will next have to be tackled.

; CAOTERBURY; MARKETS. .'.•;".;;:.; .S; >.'?%. ■• .Tuesday; Evening. ; There."isla: shadn in; the>oat market, valttiough it -is~r|6tliS'6.'.\'<a^--ibi : tu» to "> justify optimism. Business] Ttas,"-tß,ken' place at 2s 9d f.0.b., s.i., equal "tbj2s v tb 2e Id at country stations. The paucity of offers from •growers and the reduction- of existing) stocks combine >to makeva. slight; finning. With threshing rates at'sixpence: a bushel there is little encouragement for farmers to thiesh at the ruling prices for oafe; : Temporary aotivity.is displayedin the.pea a:arket, due to orders for April shipment, whiohi.can be met by'vessels now'in port. Home vessels now loading are the Mabana, Port Hacking, and Otarama, all o'f which, are conveying peas to meet Ilome • orders., The .demand, has been stimulated /for the time being,, and "up to 4s 64 at. country stations has been paid, a price apparently in Advance of what, the present position of .the Home market' justifies. This;. time last year peaa were worth in England' 15s a , ; bushel, ? whilst now the "quotation, is 7s 6d, makiiff' values here about 3s' 6d to 3s 9d. After the departure of the vessels now loading a'period of quietude in the market is expected. Linseed,is in, much the same position as peas.'There has. been a slight finning for temporary shipments; which_ firming, it is expected, will not be maintained.' Tho following are • quotations for nroduce, to be paid to farmers at country stations, free of commission, sacks extra, except where otherwise stated :rMilling Wheat—According to Government prices: Tuscan 7s 6d f.0.b., Hunters 7a 9d,- Pearl'to. •;,.,'.. Oats—Gartons/ls lid to 2s Id; Algerians, ls6dtole7d. **!. .' Chaff—£2 15s to £3. - ' Perennial Ryegrass—2s 6d to 3s 2d. Italian Hyegraes—2s 6d to Bs. Cocksfoot—4d to sd. Barley—3s 6d to 4s, Potatbes-7-£3 12s 6d. . • Onions—£2 10s. Peas—Partridge 4s to' 4s 3d. . Linseed—£B. ' . r ' "Flour —According to Government pr,ice. ■ £2l per ton, f.0.b., Lyttelton, Timaru, and Oamsru. \ • \ . Bran—According to Government price, £S to *£6 10s per ton, according to packing, f.0.b., southern ports. Pollard—According to Government price, tn to £9 10s. .according to packing, f.0.b., southern porta.

BANGIORA MARKET. The yarding'of fnt'rlttcp'nt the' Rangiora market yesterday totalled 1341, comprising 920.lambs, 183 wethers, and 238 ewes. There was a slightly improved tone for (at lambs, but fat sHeep were dull of sale. The range of prices -was:— -Prime lambs 18s to IDs sd, medium' 16s lOd -to 17s 9d, light 14s 4d to 16s Id, beßt wethers ISs Bd' to 16s Gd, otheTS lis 8d to 14s lOd, ewes 9s to 18s. The chief sake were:— Lambs—R. Frizrell, 140 at 19s fid; S. Barker; 55.at 15s sd; J. Galletley, 29 at 16s lOd; T. Pnllev, 55 at 17s 3d; H. Pryor, 21 at 17s lid, 54 at 17s; T. Heney, 55 at ITs; Fitzgibbon Bros., 138 at 15s lid; J. Petnrie, 24 at 18s; J. Wallis, 12 at ljis lOd; clients, 37 at 14s 4-J, 107 at 16s 4d. 89 at 18a lid, 45 at. 15s lOd, %3 at 18s 2d, 28 at 17s 9d. Fat Wethers—T. Pulley, 19 at 16s; Scott and Griffiths, 63 at 14s 3d to 14s ]od; G. Maine, 23 at 15s 4d; clients, 23 at 15s Bd, 16 at 16s. Ewes-r-E. Barker, 70 at lis 9d to 18s; client, 12 at 1J»,11 at 9s 4d, 2 at 12b 9d, 4 at 9s. In the stores pens there were 580 ewes, 305 wethers, and 875 lambs. The sales made were; —74 four-tooth ewes at 17s 9d, 70 roundmouth at 9s 6d, 96 aged at 2s, 43 at 5s 3d, 24 at 3s sd, 18 at 6s 6d, and 12 two-tooths at 18s 9d, Wethers: 69 at 13s 6d 38 at lis 7d, 61, at lis 7d, 46 at lis 6d, and 37 at lie. Lambs: 115 mixed-sex at -Is sd, 23 at 7s. 97 wether lambs at 9s 6d, 63 at 6s 9d, 34-ot 6s Id, and 37 ewe lambs at 5s 9d. There was an entry of 22 cattle. Heifers

made £8 to £6 15s, springers £8- £s to £ll os, calves Ss to 14s, and bulls £2 28 Cd. About 240 piss were penned. Kaconers told at £4 10s to £6 8s Gd, porkers i.l 10s to £2 17s 6d. Etores 20a to 355, and small j/igi 6s to lCs. . , In the poultry department roosters inade 10s Gd a couple, hens ss, pulhts 10s 6d, ducks 7s Gd, and turkeys 245. In the produce yards chickwheat Fold at Bs a buslve.l, oats 2s 6d. o?.tsheaf trvaif 5s a sack, straw, chaff 2s 6d, potatoes 10s, swedes Is 6d a. peirol tin, carrots and parsnips 3s a tin, tomatoes ljd lb, onions Is a st'inir, marioivs 6d to la, cabbages and cauliflowarß 6d.

ASHBURTOX MARKET. The entry of fat sbe.~p at 'he Ashhurton •varda yesterday comprised 535 ewes, 334' wethers," and 25F5 lamb?. Theic was a zood i>.!t?ndnncc, and bidding- was fairly brisk. Eve mnt'on roid at about the same rotes as Inst week, but the market for wether mutton was a shade firmer, and th»re'was an improvement in th-3 price of lambs. Ewes made 8a to lis lOd, wethers 14s Cd to 19^9d, and lambs l.'a Ci to 19* 6-1. Stores—The yardjng totalled 3040, - ( out of which 1131 were paP£?d at auction. The prinoipnl sclcs were:—s2 full find fniliriffmouth three-nuarterbred ewes at 33 Cd, 99 snund and failms-moufch halfbred ewes at 2s, 174 two and-four-tooth halfbred wethers nt'lO. 25 owes-and withers at 2s, 43 ditto at 2s, 106 four and six-tooth threo-onarterbred i-.-«th-»i-B at 10s 6-1, ?0S six-tooth Uiree-qu-ar-terbred cwe.= at lis 8-1, 153 merino ewes and wethers at Is Id, 240 four, eix, and .'ig-bt-tooth hrs'fbred ewes at 8.1 7d„ 118 four, fix, and eight-tooth crossbred ewes at lis Bd, 54 crossbred oira it. 4s Id, 150 smind-morfh hn'-fbred ew.-s at Cs. 181 four, Bix, and eirlvMooth crossbred ewes at 7s 6d, 140 forr. fix, and oisM-tooih Uiree-nrurter-Died ewes ?i 8s Cd, 35 four, six, and eighttooth halfbred ewes at 8s 6d. •

THE PROPERTY MARKET. Jones. Mr.Crosti" Company,, Ltd., sold by public arction yesterday, on account of the Tmstees in the ertate of Elizabeth 'Rodger, deceased, on the premises, No. 1G TValey ftreet, just off Beaky avenue, .St. Albuns, the prop?rty J-acre of land and superior bun<mlow of 5 rooms to Mrs A. Buttle for £ISOO. EGG AUCTION. Messrs Harris Bros, report-that the usual weckh- auction sale of Fonther Brand •jiiarnnt"fl fresh e.Tgs, on belvilf of the Canterbury Ei"" Farmers' Co-operative Association', was held in th-ir rooms, 158 Horrford street, yesterday afternoon. The supplies were no' eoual to the demand, co-isooucntly competition was very keen for tho several lots offered. They were, all ctnckly sold rt tlv; foilowin? prices:—Hen egsra, fhst grade, 3= 3d' to 3s 4d; Eccond grades, 3s 2d to 3s'3d; duck eggs, 3s. . 6

CHRISTCHURCH STOCK EXCHANGE.

AUCKLAND, April 19; Stile on 'Change—Auckland, Trams, 32a 6d. •Sale reporti'l.—l93o £PS. , DUNEDIN. April 19. ■ Sal® on 'Chang©:—Bank of New Zealand, 16s 9d,. 475. !

AUCKLAND stock exchange. (SPECIAL TO "TH]E yKBSS.V) i , AUCKLAND,. April 19. . -Quotations —Bank of Australasia, sellers £88; National Bank, sellers £5 9s, buyers £5 Ea; Bank of New Zealand, eellnra £2 ' 7s, buyers £2 5s 9d; Union Bank of Australia, tellers £ll 18s, buyers £ll 9s; National Insurance, buyers £2 16s; New. Zealand Insurance, Belters £l'6s, buyers £1 5s 9d; South British Insurance, sellers £1 11a, buyers £1 10s 6d; Loan end Mercantile, buyers £BS; Huddart-Parker (ord.), buyers £1 19s'9d; P.. and O. .(deferred), eellers. £325, buyers £320; Kaiapoi Woollen, sellers £1 7s; Talisman Consolidated, sellers 4s 7d, buyers 4s 3d; Waihv sellers £1 7b 6d, buyers £1 6s; Waiht .Grand Junction, sellers 6s'6d, buyers 6s; New Zealand "War Loan, 1930, at 4J per cent., sellers £B7, buyers £B4; New Zealand War loan, 1938, at-4| per cent., sellers £7B 10s, buyers £7B; New Zealand War Loan, .'.939, at 4} per cent., sellers £7B 2s 6d, buyers £77 IBs.

Latest quotations: — c Buyers. sellers. £ s. d< £ s. d. DEBENTURES— N.Z. Govt. 4J per cent. 77 10 Inscribed, 1938 0 — N.Z. Govt, ii per cent. 77 10 Bonds, 19S8-9 0 — N.Z. Govt. 5 per cent. 88 10 Inscribed, 1927 0 — N.Z. Govt. 5 pei- cent. Bonds, 1927 88 10 0 — N.Z. Govt., 5J per cent. Inscribed, 1938 53 15 0 89 0 0 N.Z. Govt., 5i per cent. IBonds, 1933 88 12 6 BANKS— Australasia (cum nights) — 82 5 0 New Zealand 2 5 0 2 6 e Union of Australia .. 11 10 .0 11 12 6 INSURANCE — • National .. ' .. 2 15 6 — Souii British 1 10 0 — Standard 2 3 0 2 5 0 LOAN AND AGENCY— Goldsbrough Mort CMalb.) — 1 10 0 SHIPPING—. Huddart-Parker 2 0 0 — P. and 0. Deferred Stock ' (cum. div.) 320 0 0 — FROZEN MEAT— N.Z. Refrigerating > (£1 paid) — 1 9 0 N.Z. Refrigferating (10a paid) - — 0 15 3 WOOLLENS— . Kaiapoi (£1 paid) — 1 5 0 GAS— Chris tchurch 6 5 0 5 15 . 0 MISCELLANEOUS— Beath and Co. . — 1 5 0 D.I.C. (6 per cent. cum. pref.) — 0 19. 6 Mason,' Strutters (£1 pd.) , — . 1 5. 6 . Mason, Struthers (6s pd.) ' ' — 0 6 0 Whitcoinbe and Tombs — 2 15 0 MINING— . Mt. Lyell 0 11 9 —