CUSTOMS RETURNS.

Press, Volume LXIII, Issue 19146, 1 November 1927, Page 10

CUSTOMS RETURNS.

CSWSTCHURCH FIGURES FOR OCTOBER. Tie result of the large witadr»wsU of spirits irom bond ia anticipation of the dut? being increased is being felt by the Customs Department in the almost entire absence of any clearances of spirits from bond daring last month. It is roughly estimated that there bag been sufficient clearances made to render further clearances unnecessary for two or three months. The decrease in receipts of Customs dues at Chmtchurch last month, as compared 'with Octoher, 1926, amounting "to" £43.736, is due ' almost ' entirely to the very small clearances of spirits during last month. Details and comparisons follow:

WELLINGTON. (rfiESS ASSOCIATION •iSii'SE-Uf.) WKjjLINGTON, October 31. The Customs revenue collected at the port of Wellingtoa in October, compared with the coi-responding month last year, is as follows: • ■ n .Ket Custom!. Beer Duty, 1927 .. 20£062 -M79 .1926 .. X95.7d7 3,495 DECREASE AT DUNEDIN. (pbbss association • ixiiiomu.) DUNEDIN, October -0.1. The Customs revenue collected at Dunedin during Octoblr showed a heavy drop over the collection for October of-last year, owing to fewer overseas vessels arriving. The figures, those for lafat year being in parentheses, are as follows:—Customs .£58,331 13s (.£90,051 9s 9d), beer £23,691 13a Id (515.535 18s Id). NATIONAL INSURANCE CO, ANNUAL REPORT. (PR£35 ASSOCIATION T£I.EGRAM.) DUXBDIN, October 31. The annual report of the National Insurance Company of New Zealand, Ltd., shows that the net income for the year ended September 30th amounts to £260,813 13s 3d. After making full provision for losses outstanding, and adding £5063 to the reinsurance reserve there is an underwriting surplus of £17,581 10s lid. --Interest and rents, less income-tax, amount <to £17,589 0s lid, and tho balance brought forward from last year is £31,901 8s lid, amounting in all to £81,072 0s 9d.

An interim dividend was paid iu May, 1927, which absorbed £15,000, leaving available a balance of £66,07' i 0s 9d. The directors have added £SOOO to the reserve fund, £2319 Is 3d to the taxation and contingency account, and. £3649 12s 6d to the investment fluctuation account, and now recommend the payment of a further dividend of 2s 3d-per share (making the total distribution for the year Ss 9d per Share), and to carry forward £32,603 6s 104. • Thw directors • propose 'to subdivide tho. existing £5 shares into five shares ox.. £1 each, and an extraordinary meeting has "o sen convened for to-day. WOOL. •■ - .

(BT CABLE —SRZSS. ASSOCIATION - CO?XAIGHT.) (AUBTHAMAX AXD N\Z. CABLE ASSOCIATION.) (Received potober 31st, 10.30 ?.m.\ SYDNEY, October 31. At- the wool sales for average good sorts, the market ruled very firm at previous series closing rates, but thinly-grown and faulty wools continued irregular. -Competition was Btrong arid good clearances were effected. Greasy merino sold to 2(&d. ■MELBOURNE, October 31. At .the wool sales the quality was not equal to the standard of previous offerings, but bidding was keen in all sections and full late■■ rates' were' maintained, good clearances being made. FROZEN MEAT. The New Zealand Loan and. Mercantile Agency Co., Ltd., have received the following cablegram from London, under date October 28th:— . New Zealand Frozen Meat—Lamb (average) 9|d.j>er lb; mutton', .wether and maiden ewe, light 6|d per lb, heavy s|d per lb; ewe, light 4Jd per lb, heavy 4id per lb. Market dull. SALE OF PROPERTY.

Jones, McCrostie Company, Ltd.. sold by public auction yesterday, on account of the District Public Trustee in the estrfte of Emma and Jane Smith's agency, the property situate No. 225 Barbadoes street, comprising residence of 4 rooms, together'with Bection of 12.7 perches, tok Mrs Wasted, for £595.

£ s. d. Set Customs, October, 1027 74,622 2 S Xet Customs. October, 1926 117.378 19 4 Decrease, October, 1927 .. 42,756 16 8 Net Customs, September, 1921 ' 83,209 IS S Decrease.. October, 1927 .. S',587 16 0 Xet Customs, Jan.-Oct., 1927 972,729 10 3 Net Customs, Jan.-Oct., 1926 973,480 0 10 Decrease, Jan.-Oct., 1927 552 10 7 Beer duty, October, 1927 ., •5,790 4 1 Boer duty, October, 1926 .. 7.218 12 11 Decrease, October, 1927 428 8 10 Seer duty. September. 1927 5,943 3" 6 Increase, October, 3 927 43S S 10 Beer duty, Jan.-Oct., 1927 70,87-1 7 S Beer duty, Jan.-Oct., 1926 71,988 8 0 Decrease, Jan.-Oct,, 1927 1.111 • 0 4 Meat Export Levy. d. Collected, October, 1927 4H6 is' Collected, October, 1926 .. 133 7 2 Increase, October, 1927 .. 298 S U Collected, Jan.-Oct., 1927 . . 6.237 6 1 Collected, Jan.-Oct., 1936 .. 5,587 2 4 Increase, Jan.-Oct., 1927 650 3 9 Batter aad Cheese Lsvy. . Collected, October, 1927 .. .u 5 - d. Collected, October, 1926 7ti 14 Decrease, October, 1927 .. 6.1 9 'j. Collected, Jna.-Oct., 1927 .. 930 13 X Collected, Jan.-Oct., 1926 .. . 1,091 H 4 Decrease, Jaa.-Out., 1927 itiO 13 3 Honey 1.077. CoilecterS, ."an.-Oct, 15J7 .. 2i. 18* 2 Collected. Jea.-Oct.. 1926 . . 25 IS 11 Decrease, Jan.-Oct:, 1027 ■ 2 0 9