HIGH COMMISSIONER'S REPORT.

Press, Volume LXI, Issue 18416, 24 June 1925, Page 10

HIGH COMMISSIONER'S REPORT.

The Department of Agriculture has received the following cablegram, dated the COth instant, from the High Commissioner for Nov/ Zealand, London : BUTTER. ifarket remains tirin, and steady trade passing. Official quotations are:— Now Zealand. Finest Salted. June 20th—180s to 182s per cv.*t (Is 7sd to Is 7id per lb). June 13th—178s to ISOs per cwt (Is 7d to Is 7jd per lh). June (>th—l7os to 174s per cwt (Is 64<3 to Is oid per lb).

T'nsaltod. June 20th—2S7s to l'Jus per c.vt (3s 7:Jd to Is Sic! per lb). June 13th—Ifl-U to lSes per cwt (Is 7Jd to is Bd per lb). June fith— to 150? per ov.t (Is 7d to Is 7Jd per lb). Oth»r Qurlitir-s. .Tune 20th—loGs to 170s per c'.vt fls 41u to Is G3d per lb). Australian. Soiled. ■June 20th—J72s to 17Gs per civt (Is Gad to Is 6Jd per lb). June Kith —106s to 17-is per cwt (Is Gd (o In os\<3 per lb). June oth- 160s to 2G4s per cT.'t (Is od 9 Is ii id per lb). Other Qunli.ies. June 20th— to 170s per cv.-t (Is to Is per lb).

Uiisolted. June 20t"n —17Hs to IK'2:> per cwt (Is 7d to U 7*d p.:r lb). June Jllth—l7-l:i to .1703 per civt (Is Ojd to 2m o<d per lb). June fith—loGs to 170s per cwt (Is s§d to Is OJ3 per lb.!.

Other Qualities. June 20th—ICRs to 176s per cxt (Is aid to Is fSjjd per lb). Argentine. June 20th—108s to 174s jier cvrt (Is Gd to ]s OJd per lb). June liilh—l64s to 16Ss per cwt (Is oid to Is od per lb). •June Gth—!siis to IGOs per cr."t (Is 4s(i to Is 3d per lb). Other Qualities. June 20(h—!l)*s to IGC-s per cwt (Is 4Jd to Is Ssd per lb).

Irish. .Salted. •Tuile. 20th— IBus to lc2s per cwt (Is "id to Is 7id pur lb). . June 13th —174s to 17B:> per cwt (la Cjd to Is 7d per lb). June Cth— 170 ato ITGs per cwt (Is Gjd to Is CJd per lb). , [insa'ted. June 20ili—ISOa to 16Ss per cwt (Is 7?d to Is Sd pi;r lb). Juno I.lth—lßos per owt (Is 7JI per ib). June 6th —180s per i:.vt (Is 7id per lb). Siber-sm. Juno 00th—159s to IGOf per cwt (Is 44d t,o Is r>ijd per lb). Juno 13th—148s to 156s per cwt (Is HJd to Is lid per lb). Juno. (ith —144s to 152s per cwt (Is 3£d to Is 4id per lb). Danish. Juno 20th—102s per «\tt (Is Sid per lb) .Juno 13th —190s to 192s per cwt (Is Sid to Is BJd per lb). CHKEsr:. Prices for New touched 102 a earlier this week. Market quiot now. Official quotations lire: — Finest farmers . Stoady. Juno 20th —106s to 110 a per cwt (Hid to lljd per . lb). June 13th—104s to 103s per cwt (lid to lljd per lb), Canadian. Coloured Qnd White.

' June 20th—96s to !Mh per cwt (IOJd to 10jd pee lb), Juno 13th—02s to 94s por cwt, (£»id to lOd per lb). Juno Cth—Bßs (o 60s per cwt (Oid to per lb).New Zealand. Coloured and White.

June • 20th—U9a to 100 a per cwt (IOJd to IOSd per lb), June 13th —07s to 08s per cwt (10id to IOJd per lb), June Cth—93b to 94s per cwt (93d to 101 per lb). Shipments of New Zealand produce arrived this- week by the Port Brisbane and City of Winchester. HEMP. Manila quiet and values lower during this week, but closed firmer.. "J" grado JulySeptember shipments sold at £4l per ton. New Zealand quiet. Small sala df Highpoints August shipment reported at £3O, but no buyers her# over £35. June-August ship-" inents. valuod £3-i 10s, and Fair quoted at Boilers .£33 any position. WOOI.. Bradford markot very quiet. Prices fos tops irregular at about, last quotations. APPLES. Trade slow owing to flush of strawberries, Kent and I'ott Brisbane shipments in good condition. Prices this week:—-Sturmer 16s to 19s per case. Statesmen and Newtown Pippin 17s to 18s per ease, Jonathan 18s per case, Delicious 16s to 18s per case, Roma Beauty 10s to 18s per case, Btark 16s to 17s per easo, Dougherty 18s to 19s per case, Scarlet Nonpareil 16s Gd to 17s 6d per case, Premier 17s to 18s per case, Senator, Shepherd's Perfection, l'ioneer and Premier vasty 10a to 14s per case. TALLOW. Spot market quiet and no forward business reported. Quotations unchanged. EGOS. Trade slow. English, Danish, Dutch 13b 0d to. 15s 9d-per long 100; Irish, Belgium, French and Italian Hi 6d to 19a 6d per long. 100; Lithuanian and Russian 7s 9d to lis 6d per long 100; Egyptian 6s Gd to 7a por long 100.

TARANAKI FARMERS' MEAT COMPANY. BANK'S OFFER TO SHAREHOLDERS. Notice to those concerned has been issued by the receiver for the debenture holders of the Taranaki Farmers' Meat Co., Ltd. (in liquidation), that the Bunk of New Zealand is making ox gratia a certain concession to those holdors of preference shares who are placed on tho settled list of contributories, subject to .certain conditions, Preference shareholders whose names are not now on the list may share in the concession by definitely agreeing "with the liquidator on or before June. ii4th that their names shall be I laced on it. It is stated by the receiver that, in the case of those who elect to await the decision of the present legal proceedings, tho' bank, in the eTent of the proceedings being unsuccessful from the shareholders' point of view, cannot be expected to make the concession which is now offered. The position is set out as follows in a circular issued to the shareholders by the receiver:— "The Bank of New Zauland holds security over the unpaid capital due on the preference shares, and is entitled to requiro paymont of the wliolo of the call of £3 per share now made by' tho liquidator in respect ol' such shares.

"I am roqueeted to advise you personally, however, that the directors and genoral manager- .of tho- bank are very desirous lo bhow the shareholders who are prepared to meet their responsibilities aB much consideration os pusaiblo. With this in vlev,\ and in order to expedite tho completion of tho liquidation of the company's affairs, they desire me to inform you that —notwithstanding the heavy losses which have already been made by tho bank in connexion with this company and written off, and the further loss which this concession will involve—tho bank will ex gratia pay the sum of 25s per share to those contributories—l. Who on or before July 24th, 1925,- pay up the arrears (if any) of calls made by tho company's uueciuisi and i!. Who on or before that date either pay in full to the liquidator tho amount of tho call now made by him, or arrange to his satisfaction for the payment of such call, and punctually carry out such arrangement. "This sum of 25s per share will be paid by the bank to each contributory on receipt by me, as receiver for the bank, from the liquidator of the moneys payable by each contributory in respect of calls already mado and unpaid and the liquidator's call, and will bo purely a voluntary payment on tho part of the bank. "The effect of this offer is that although each contributory who accepts it will pay up £3 (the amount of the-liquidator's call) in respect of each preference share held by him, he will receive back from the bank the'sum of 2os per share for each £3 of the present call so paid."

METALS. LONDON, Juno 22. Copper: Spot, £6O Is 3d per ton; forward, £6l Is Bd. Lead: £33 and £32 10s. Shelter: £33 IBs 94 and £33 6s 3d. Tin: £252 and £254. Silver: Standard, 32d per oz; fine, 31 9-IC4. FROZEN MEAT MARKET. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from London, under date 19th instl:— "New Zealand Lamb —11 Id per lb (average). "Mutton—Wether Hiid maiden- ewe: Light 7sd per l'o, heavy 63d per lb. Ewe: Light EJU per lb, heavy sid per lb. Fair demand."