FINANCE AND COMMERCE.

Press, Volume LXVII, Issue 20184, 12 March 1931, Page 10

FINANCE AND COMMERCE.

chamber" oi R."" 00MHEp.CE. ..i - A t . * * - -i - , 1 .* -*r J '•■ • ji HALF-¥EARLY< REPORT. j I r - . -:; ; ; , Afc- tfcbi -qumriiilyi meeting of mem-. -«i Jfcei#' s£> th<t Cd&te&ary ,Chamber - «>£•, £,' Commerce, to'te held .on* Holiday, , half-yearly report, which is as 'follows,, \ irifl- bfe «übmitted ; - ■ -' " i v'" Sympathy 'lias.' be'en^extended "to- the. ~ Newt' Zealand' Employers' j Federation on • i * the. occasion-of the' de&th, of. the Hon., . T. Shailer Weston.? 'The Council 1 Has i a]g'o to record-with'/deep re£*et 1 the- ■ death of the following members: Messrs I i' Ji- A, HesJterV W.' W. Gibson, "H. Bosin- ] f dale/frnd,'.'siiW the-Jast CouncU' meet'A. Fro'stiek, a past presi- I <-■'' "dent and Tifempmb'er. .j Si 1 - Following. upon a suggestion made at. J "the February. Council.meeting, a com- "'' mittee was set up under the ffigis of $ the Chamber-and acting as a sub-com- ✓ mittee of the . Citizensßelief Com- & mittee, for the purpose, of making arrangements for the billeting and «du- ■', cation of secondary school children from [ • Hawke's Bay. A number of'cases have *•" already been dealt'with,, and the vote I' ot £IOQ made by. 'the. Chamber for this purpose is 'being called' upon - to provide clothing and other essential requirements through the Central Belief i; Committee. . - X,. .Three new Councillors were elected just before the annual meeting: Messrs A. E. Kincaid, H. M. Chrystall, and J. 1 N. Greenland;" Messrs A. M. Hollander ~ ;and 5). Stock were -subsequently ap-%-pointed 'to represent the Canterbury A Manufacturers' Association and the t Baal Estate Institute of Canterbury * aad Westland, respectively. At tho first meeting*of the new Coun-, ■' Bottrell" was appointed hon. p treasurer . and the fourteen sectional committees were" reconstituted. Several important bulletins i i ■ been' J released > during the past few fraaonths,' dedling particularly with the reduction'of costs and other steps that ; "it is ■ believed must 'be taken in order to restore prosperity to the Dominion V? i antt. ; «lso i with' various phases, of farm- ' Jig' pructice. The immense value of ij th©i Association with the Economics 1 ' 0 of Canterbury C9Bege in s•,'"ednnexion' isirith- the first and with LinJtt the is gratefully Moratorium Opposed. 1 existag ltiwlevel of world prices rf' bp? resulted j in."' among the- farmkS;< '&g« %>inmwity'' oK tSe : Dominion, the> result that there, liave been sugf«- the' Tinstitution^ jof some |jt'3^^^.'iior^Wriumr i -. "-This Chamber a >J - ti*>rged -the not to take Sueh action, in the belief that it would

1 throughout . Zealand 'has respited ' in ; their pritihibition, WMch - will come into force"towarob the, end'oflbhis" year< ''r; -» • Bhipplnit; r *' ) .. ; " • | ln f witii 1 the' Melbourne- • iSortth' island 1 Shipping '■ service/ the - 'Coundil ; has;- ideDttifled'- itself «,with the - 'attitude- Dunedin Chamber of ' Commerce'in' expressing regret at the. ' of , this" service and a ' tyfpti 'thai:Vreturn ofimore prospeipus ' times will ' justify -its reinstatement at J an- early* date. . . • . ; Electricity Vigilance. | - Last' year's electric power • shortage - resulted in> the setting up by the ■ Chamber of 'an " Electricity Vigilance, Committee, which'has, in eo-operation ' -with a. similar committee appointed 'by'the; Canterbury Manufacturers' Association, been watching the progress of, the electricity stand-by plant at Lyttelton, and the question of the electricity supply outlook generally. . The latest information Whieh this committee has been, able to obtain is that -the v stand-byi plant at Lyttelton should , be complete and power from at least, one generator available . by t the end of May, and "that the'three other gener- : ators to complete the "present equip-, ment 'should', be available for .; power demand very sooif after that date. Chattels Transfer Registrations. The Chamber has advised the Associated> Chambers of Y Commerce of its agreement'with the. South Canterbury Chamber in • f or. the defining of districts for the registration of instruments relating to chattels. At the present time, for instance, it is possible to register Canterbury documents either at Christchurch or Timaru, which means that both registers have to be examined to complete a search. Definite districts with one register in each district would overcome this difficulty. • < The''Ch<aniber's - attention has been drawn:• to-" the unfairness of Electric Power' Boatds "in radio 1 equipment. a The' facts have' been -represented to- the I*osfeia6ter-(sen6ral; • through the •Associated Commerce, ana 1 everyHettort'. is-lbeing "made to prevent an extension of local' body trading in this-direction./ "Oomnifercial Examinations. A -special committee, of which the ' Mr ■ A.' O. Wilkinsoi, is a member, \was set up at the conference >of * the 'Associated Chambers - of. pommerca WMbunt' <Co&k, for the purpose . 'of* a ; scheme, of Chamber of 1 'Commerce' examinations throughout is expected" ,to \ntada. available to ttis'c'Chambe'r at an early date; * ' ■ ~ ; r - Associated Ctoainbers. conference -•of *■ the Associated 1 ' CJiamber^fit:Commerce held at .Mount t Cook was very Mr C. P. 1 Agar, past-president of this Chamber, occupying the presidential chair. Betaita submitted by the Canterbury :ChS6Hiber on .the following matters were tearrifd:'— - " ' Bushed legislation, . \ ' Loans for Unemployment, " Education, " | Conference with \ ] , . Boards Trade Act, > \ , ,/Deprec|iatibn .fUoWance for Income {''■ -Tax T)UTT)oseS 1 '* r , I 1 adopted, an '■ pi wbicji ' thaf 1 body ; now v .combines ' withvits, towi 1 'sppnsibilities > T. - . 1 vith prims iSinlster. ' conjure with tho Afting-?Hmp Mm4s£er "otf* 10th, "and 'with the February Brd„ At k f - j ;eusse4 representatives of the Emit?*. ,* Manttf^tpfeif,^ § .representative , bodies-were sub^ | Mifetod repre tN g jirittiouß OTgaipsationAf, ®he PJritoe Minl as%'»„ .tfrsbaianee! A time J .-afteifA y.Wj^rdfe^^wed'^hat!in rmany.-respests^the, * in-" afffeemtot irtth-the | * f |f I;.'* "S i i t>, iMkiilt / I "vv "* ' fe 1 ■/ihotm'-'bjr Hndd&| / r«ikeri\X!jnJt64, in its 1 operation* iOr ya#r December 81 at, •- '2lAl|6Sff -'Septembcv an' inf ifterlnt, ditld«nd clffs 1 peKceat.' on R ca^itsKv»« t f .abwrbjqK and' final distnbu,'ttqna •«. fv *]»• > wia» .-rate, ■■■/ Thd -awoniit | £99,122: j: !atfc tb# acwuhfau' fa 1029 ordinf. / balaaee-iriieet ehowß tbat. tbe H ''jiaerwVfW! /tfontSaKenete»( etc., is «12,576 p eher. V-,-Tlie 'value of the ilMt, etc.,>ia down g - f «how;;a 4e«rea«e . 'Of £17,596, > >at eundity debtors are «p , V ttTeiitefeats are higher b7 £84,918. i v Siptreai 'feom t the' last two balance-sheets: % compare under 1 1,250,000 |i< sgsfiirye' 1 . lawrfnee.; fwi^ 1 801,679: : 809,668 t 'Besenre > k. /' ' ,: ii £4 ? V«rttS»fnt s - »• J.;20g,487 0^208,850 | i •85«?.4: ; :--.y/^®i62«r 4 spie 'Erectors .'stated Ttkat 'the general de-: pression in trade had seriously reduced the f, -cpmpsiajr!" ssrnlnsK- and' at the sajra time | .be i the4»ortheni; f potteriesrja -jKew;J f)odtfy"WWes iin ■ June.' bQt- : f iwyere -.njomwUtlon' the -tcollierles "in which * -the oempany vetfi interested had | ' to, profitable buai'i r? a f vaggggg... ■■ r 'I""