FINANCE AND COMMERCE.

Dominion, Volume 2, Issue 505, 12 May 1909, Page 10

FINANCE AND COMMERCE.

I■ t it' ■: V^^ 53: SH^E : kAEKET.' ,'V:. V\{■ ■ t ? 't ! ■■•' •' -, Vestment shares were'quiet yesterday, but ::;.,V; .business, was. done»:ia'. Now.Zealand Portland ;.;■:.,-;; ■■• ■•:Cement :■: atv^2: Is;, and ) Kanri■: Timber' (15s. ?ijpi. ;.:paid);ata4s: 8d; :,There:wero:a fair number of ;.:;!■'.:; quotations .at full market rates. Bank- of New -^:; tf Zealand, buyers .£8 195., sellers Is.; National : -UV-Z ! a ?te buyers;^s' : 7.s.;-seners ;£5 Bs.; Equitable v :Cj. Building,, seUers-i69 jtfs. , -'6d ; ;-Wellington>ln- : :S^r. v i T^taent ) . ; :buyershls.w3d:iV,Wellin'gton; , Trust' ;.V ; and;;Loan,,seUers .^7,15".;. Wellington Deppsit, K.V,-:.;;;-eellers:8s: : -\ed. : ;;;CKristoh.jircK';'Gas '(new issue),: ■ -/.'.vu-bnyers 15s. premium j^e'ilding'.Gas, , ' buyers 20s ; : , V:v;.vsellers r ,2ls: ;; Southv Insurance, buyers ,'-;" ;,.!^2;7s,■-6d.,-:-eellers?"-<e2,'.'Bs.'.-'-Bd.-; vChristchurch j,; : -■' i ; /Meat,,buyers' "'^lo': 'is. ■ Gear; Jfeat ! (£i : paid), «;/X:<^uyer3.^lo;2s.';:6d,' ; :(£l\paid),;:-buyeis Us.; ,": :i ,-Meat,Export (£5 paid),:.sellers >£6 &s:, m paid), ;--,>V; , v-"-seUeis.,'des-j23.-.-6d.-;-New Zealand sel- ; «.ASv ; 6d.pOnion:Steam;'sellers .fi: : lss. •'■.Cd.;- Westport .Cpal, : buyers 75., sellers \£6 -;.': ■■',™;.:Bs.;r' Westpdrt-Stockton- : es^'ed. , ; -« ; ;: : ;;-Kaun;Timber, 6d,;': Leyland-O'Brien i.v>' , ...,Timber,i-SBlli?Ts:4t-23..'-3dis : :.'Wellingtoii-':Woollen : : .v s ::;;(ordinary)/ sellers '£3 j'.Tavanaki Petroleum, sel-, :-?;«. lers;7s.--.6d.r Ne%~Zealahd : -Portland'-' Cemehtr ;rO rbuyers;\£2yOs;. 9d., Js.-6dc : v:,-^ ii'g^'':;:';-l^;::- ; :;. : THE:MINING ;,; '~.-■,-:,: ■. Speculation in this market is''veryaotive, ! 'and "=■;-; is confined jto ;the rshares'i of: the. com- '-'. ■'-. ':'■• "panies, in 'tlio'.,W,aih,i:.grpup.:c..viW:aihi ..Grand: ;;: v: :;, Junction ..sold 'on'.'Change at' £%■ 4s. 6d.: at the ~'.'-.;>: ;;mornini: f call, : and : in the"aftefnobn:sales wefo il;;'; reported, at .£2 ss'.'and;we2 6s. f 3dJ,-.,Waihi'shares ; ;.',-.:.:;:changed hands;at .'yE9 os'.,&J.i -anil there;were );.-' ■ i;\: sales of Waihi Extended -at '6s. 3Jdi' and : 65. ; 4d., ;y,:i;v ; Ta'irau: v ßroken-lHills -at/2^,/2s.^ : :and 2s. : oJd., v:v/;v-Pride at,9Jd;andilod;i- Now: Sylvia ' V; ~;:j at.2s. ld;;V2s., 2s::ld;,?2s.,ld.V;2s..2d.;:Talisman : ;,:,■; -;; at vX3.;lls. :?d.r (two,: sales),.-. and;'. :':-■ ;;;:■. Gpldfields : ':■ .Bnder,: the,sales given Wing :the; last recorded :— S;\^^S-r^C-?.';r : ; :: ,-' :;; i^i,v ;: , ; V:-' ; . s: d.:;:;\e;s.,!d;:ifift-'d:' ■;:.-V:'-:Woihi Gd..Junctipn 2-5 p ■ % -5 6V2 5-3 1 6>9:.0.:!> :&.Yv'iWaihi Extended :....;: 0"0-3 ; - O-β 1 !: o ; i6 i r-:. : Consolidated''.o ; .2,-4 v 0 '2.5 - ;i '— '■'■ ;;„.;•■', — ,>',;■:?: —:.<b -0 io ;s;;:;ri,Taiiua'Bfokeii,Hills:'f),.2 7 0 .;'o'2'i:-0 204 ,v?:v; ; v :• JliZ; 1 Cro>ii ::;.U.i;..:So] 5:3' 0 '-5 -8 ;'•'■.■.—■" +\-;:U v Talisman"'ii...;..;..;. v 2'lt; 6:,y 2119 j2 it'-V '■4-.X 0. ■.-i-";-.'2-i'i'0^"4'^3: •■:■■'■>—. ; :v ;;.'■ New-Sylvia": : .V^™:^o"i;2:2^i.C^.r-^Vo v .2'"2: #/K'Saxon 0 :2yl V 0 2' 3' ;,: - ■:"— '""Wni6iahi\.':.i.i;.::.:'.:.v- : r0 v -2 "9 '; iv"- :: •■■'.'■■:{:: '■ '';;;''.;..';;...•;•.0 1; 11 •■ »:/'—>-•: ■ !:— :: '-, ;-..;; Con. (Joldßelds .;.;.. 0 16: 9-0 16 10 016 8 .\O^- : V-'-Big'.-Riyer.■.■.■..;.';;.:;■..;.-.. :V-V?:,;2-18' 6 , ■ ■-.—!■;" :/::.:.;;;. 81ackwater:^i....i.;:..;j.1 ; :.4;..6.':.:i.::.6;:p,.' : -i ;;:-vV h' ;;?; '& : S\ S'HE J FEQZEN ? MEAT MARKET. \' : . ';,;. "'; ; i:--v v ; .of the'Londou .meat market

■;: -:is* extremely, unsatisfactory.' For some weeks past,'.values lave; been--receding, but. in spite '.'■>' V;;;of .this '.the' , consumption'; has not. r been"■' able ;..; 'y--;. to'.'. oyertako Vv.The .'High ■ s Commissioner j ■■! ■■•-: : -::iii his cable,- states that. the : mutt6n;mdrket is' '■;,',■ demoralised, J and supply, exo'eeds'-demand. '-.The .'. ■:, demand -forjlamb; is reported to be' 'better'at r, -'Teduced'prices, but the-output is steadily in- ■¥. i,:. xreasin'g, :an.d ' 'stbek : is,. heavy.''..', Beef is ::!:■:■■'/ meeting with fair;. , demand,, but' the guota-: i vi'itionsare low.' .-It is not only .frozen mutton .and f. '■:'."■ bee£.'; that .are affected,'; but. rabbi is also, ■ for it • ;:■ -. is "reported -that rabbits aro.'practically tinsaie-. ;.-■% ableieven.at* a, great reduction.' 'As airiile a '■':;; reduction'in price '.stimulates, demand/- and -:| ■ : ;While.;theydemand;has increased., to-some;.ex- ■ vli^tent, ; .■■the:-- increase '-islj nothing compared : with A.-.'i' what.haaVtaken 'place in the past when the in■'conditions -in . the A United: Kingdom I; ViiSiwere more''prosperous.' At. 1 the same, time it ,■,':■:- allowed ;■ that .supplies-have'increased , ;>:.;: CabnormaUy' : this The'arrivals pf;:River' .:-■ '//Plate inutton and; lambi are'.o cise ~in :.point; 5-.'.:;■ .'ln 'April;last year the imports intoj'England i.i,..';. from the 'South. American Eepublio,.J totalled ':'; ':;,247,416:'carcasse8' mutton,.; and"45,604'- carcasses •■■; lamb,' while, for last monthiitho; arrivals were ':'■■':.?: uSlß'flil "carcasses muttpn-: and-90,219".carcasses' ;'i: ; '; ; :lamb. - ..Heayyi'shipments :have-'gone .forward ;Si from.New.Zealand,:and ! Australia has also sent : - - :\:a considerable quantity.-'Theyiupplies.of;mut-; ; :-. ':-;'■ ;•ton;and lamb in 'Londoti to-day -aro apparently v;: ■-'in excess 'of' requirements, and there are large: 'X';. accumulations in the '.'refrigerating chambers of. !'.' v' ihe: various' freezing. coricorns in New; Zealand ' - - awaiting transport, at ..the;.winter freight rates. f, .It is interesting to compare'the prices ruling ':, now .'with : ;those; ■current -twelve i.Vmonths'- ago., ■i; ■•.:,'The figures are given in, the .table appended:— . V6:-V''i ■'-■.'■- ;yVrf t';-;-: ; ;;'- 2h::'- May,'19p8. % May,!1909. ; ■v;.':-Mutton— ■•-■•';:■!;■ '■.'■■••■"■ :':■'■■'■',:>. -:.-..vdj'.'-'-V'^'vdii-i-;;-.--:- , /-■.;;;:vCanterbury; 1ight^;;;.:..;......y43: ; . i :^3;il-16>; •'.. •',-■:; l> Canterbury; -medium^'.;.;,;.;'.■.';'4i '>" : fi'SJ;-;' , : "'.--. '.: : f''i. ''•';;.'!.;:;•;.;' 3J :' i J2S,'; : ; ■■ ;';'.* North'jlsland, l«st brands,.,>3|. ; .'v ! 2i, ;'■'. . ;".'-- ,;,; :"Xahibr-i."-'-'.--:'''-> •'-<'':'..-.-'-V-.''.;'-. : ; •-■' •' '•'.•.■ ■■'•/:'■.:.•-■;■■ '■'■ 'S'-:;. Canterbury,', light:: ;;....:..... -5} ; : : ; '4-13-16':. ■';.:- v:'7Canterbury;^mediumf : ....; : .J.. ; ;s},v';.'',4l'-.'-. ■';> heavy: •;„■.„,. „,. : ■'/-.'.■.■ ; . : v 'North' Island ".'.';.'....:/.'.;.....:.':■: 51 - '4} : . ■:■■':. ■■Beef-::':f: : ,;;:.;-vVv-v;-:;.:V- ; ; ■V'}-":'/"'' ■ MJ=:vNew, Zea1and:f0re9.;;'...;.0.....;3i: : ; '21 ■■■:■■' ;r-$ \-New: Zealand, hinds ..............35"..- 3 13-16

/' .AHEItICAN,■■WOOt(TABIfe; > . J The raw : wool/duties; that the American wool growers haveXbeen- lighting, to perpetuate have had. notable effects. They have burdened the manufacturing trade with a direct tax averaging: well over- .£2,000,000. for the. eleven years of their -.continuance.:, They raised the price of all the combing.wool imported /last year by 41 -per: cent;,\ :they have .also raised/the price'of domestic- wools, and been , the'instrument:;of that:-masked ..; prohibition': which -.haa-r made ■ American- .clothing "atlonce. poor/ andveibrbi.tantly expensive. ';■■ The taxes on , raw■ wool range ,np to hundreds per cent, of the foreign values, yet/substantially.;: they ..havei done nothing to promote -sheep farming.// There- are 101 million fewer sheep.in/America'■to-day..thaij there were 25 years ago and .two-'millione/felver than five years ago. During: the'eurrency of this tariffAmerican sheep have fallen in number almost ■'to"their, lowest point. Indeed, there are grounds /tor regarding, the protection as a sheer de.ter-

rent to the Business, let in the face of the ■fuels .taxational Wool Growers had the boldness .to ask the Ways and Means Committee fpr.raore/duty. .Wools costing less than 6d. are .Subject'to :a 2d...tax. It wasasked that this' should bo. increased to 3Jd.--<K]uivalent, say 5? -'?i &n 100 >**? cent, Inst£ ad, of that the .tanft Bill proposes.a .slight reduction, which is apparently ; iutended as a concession- to the cai'pet industry..:-.; ; o .]',. : -: -•.•."-.■;' I-..; A- fiction that fDiir'ppunds. of raw wool are' required to '■ produce 'one pound of -cloth lies at the root of..some, of ,the;most prohibitory provisions in; the. American tariff. It, is on this false, assumption that the compensatory duties-those' taxes which purport to be for the farmers benefit—are grounded. "It is this assumption also'that has-kept the tariff on worsted , tops at. its. preposterous height and that has led inore . or less directly to the' extravagant imposts;upon wool products and byproducts- .which i form- staples- of the ; woollen .in: contradistinction'to. the. worsted, industrv In the January "Textile World Record,".there .was. denunciation of the existing practice in. tasing-w.ool:and;in:limiting.manu-tacturers;, to a, dear-and inadequate supply of .inferior; woPlleri i material.. In' the coirse of this,Mr. vi Samuel.,S., > I)ale produced a' set of ,ngur«s,:to;. show"how-absurd the four-to-one ratio, is; samples of cloth were e ?aniined, ,tp ; .amve >sd ,the, actual weight- of ~R°?V,;, I ?S«Sssary.;Ho ;.makp..:them, ,and only in' the.case of two fabrics of '•'territory " wool, which has* shrinkageof G5 per cent.' on scouring, the ;basis anything like justified. A .itwo-tp-one .ratio would -'be; nearer! the' mark The .calculation was. continued to show what the .actual as, opposed- to the nominal protectipn .is, without comment.on:the morafity of hoodwinking:, farmers and the public .for the teneht; of/ manufacturers. The protection to whioh -American -mills are entitled : honestly .is 50 . to; 55 <ver ■ cent. . .in, the terms of the schedules.-They enjoy 70, 90, and even 120 percent.-by. virtue,of the compensatory tax levied- expressly., to -counterbalance the dntv on wool. So i much of this as is in excess of the requirement of sheer prohibition Mr. Dale would .barter, away-in return, for facilities for Obtaining materials for woollen manufacture at prachcablo ■ rates. Kis not inexact to' caU mosi American woollens at" the present term cottons,,-,and it doea not seem as if the revised, tariff■:wpuld alter this. , : .' ; .; •' The' Customs revenue' collected at Wellinrfon yesterday amounted to £1230 35..1 d. ,

> property sales, i : . :.-. '.- Since.pnblisMng.ihe list or their recent sales .last Bethune-and-Co. , report having effected/the' undermentioned Bales' of city ; property :-Clarempnt Grove, freehold' res l dent l al property iliaving 66ft. frontage, to :Claremont Grove, by a'depth of'264ft, with' 12roomed residence, thereon, price JS1800; Webb ■ btreet, freehold allotment,, having 30ft. frontage, by a dentil of 52£t, with 4-roomed cottage price .£560; Crosby Terrace, 5-rooraed. residence on.section-having 22ft. frontage by 61ft. , deep price .£625.,-The firm reports a deoidedfy brighter, tone in' the property, markot. : : v :: ■-. \ ■;'"( : ■■■: STOCK EXCHANGE, :V-. : - : : (BI TELEOBAPH—-SrECIAt COKBESFONDENT.) : • 'e, , i , Duntfdin, May 11.' •'.-, ■:Stock Exchange sales:—Waihi, ,£9.3s ; Talis■man, 525,.t0 '535. fld.; Waihi Grand Junction, |55.,.6 d. to 455.-9d.:t0:455. Cd. to 455. 9d.; Waihi Extended, Gs. 4d.';Closing prices: Waihi, JB9 4s "sellers, ■■£& 3s; buyers; Talisman, 545., 535. 6d • Grand.Junctions, 455. 9d,, 455. 3d.; Extended, 6s. 6d., 6s. ,3d. ..) ~ .. ,v . . IBS IELSOEIPII—PBS3S iSSoprATIOKj ■ ' <;■>': -' ; , ; : ;...'.- Duriedin,, May IV . Stock' exchange bale's:—Hartley and Riley : .£t 3s.;,.Talismani/Consolidated, £2 11s. • •■'.::' ,^ ■.■'•.' WOOL SALES. ; ' - '/; ';i S ■ ?I?YING KREELT.'. ' ;: (BY TELEGttiill— ?BESB,' -ASSOCIATION—COr-TRIGHT.j ■■''-'■^'■ ; :V;^'V: :; ; ; -: c '-ondijn I : May 10. ■■ :■; At ..the, wool-sales ..puces showed -a > hardening tendency.. ■. ' . ..,.". ■ Americans.are operating very largely. ; '■-.■• ; '■'' 'WHEAT AND FLOUR. , (BY TELKGEirH—rHES3, ASSOCIATION—COrrBIGHT.) ■'■• m ,-\. ; :■,'■■'":■■' •••,;,■' -./., London, May 10. ~ i. The;totalquantity,'of'wheat, and flour afloat for. .the;.: United Kingdom ;js 3,055,000 quarters . and for: the-/Continent -'1,930,000. : . Atlantio shin meiits,74,ooo. ; , 9 uar.tora..,.Tho .total shipments for,'Earope;,thiß. week Amount-to:92s,OOOquar-ters.including-ZOO.OOO.vfroia-the.Argentine and ■> Uruguay: .r^-iV;f.'. ■.v*;"'. , '. ■■;.• .... ■■■•;■,■ ■ v ".,^ : - ;SS ; SILVEE.; •,-,' ; "..■■; X'/(DT TBIiEQEXPHT-PnESS ASSOCUTIONr-coPTIJIOHT.) ■"i ■'." ■ ! London, May 10. Bar silver is quoted at 24Jd. per ounce standard. ~ .v:. ■;;-,;: •.•;.' ; : Messrs. Levin and Co., Ltd., have received a cable from their agents in London, advising them of the following sales of wool at the- sales now ■ on. , The prices mentioned represent the average realised for the fleece. portion of the clips sold;—Thnara, .Marlboroiigh, It 15-l6d. • PM Wanganui,Bid.;:Wingari, Masterton, BJd.; Marahau; Wanganui, Bd.; J&D Masterton, 8!d.; Delta, Marlborough, 114 d ■ Tekoa,'Canterbury, 12Jd. (greasy); Tekoa, Canterbury, Is. 7Jd. (scoured); 11VM, Wellington 7jfr; -Maria,■: Wellington,; B{d. ; ; , '

: Y-^- : ] : -v<^ : h : -)'--'' : y : "': ■_■'■„■■ 5f EOT> ,5Sxiabi.'ig " fbices. '• TtoI a * vl »; — -i^r^« ■:i.-y,'W- : -- :./';:\..,: V.jvj - gl W: d - w & ■ .-. fl Buyer. Feller. .\%l ■ : i'v^vv;W^V/■*£"**■/-,:■' '■■•' ;: ;' ■■••* V' '■■ f: ' '*' *'■ £ *Va. *.«. a. a b. a. * «• e. §>l;So|^:::;;rj;= : s ; '& ■ j 1 ?; s is s i ?■■? ."is ICO.C0O ?™.«30 . ; .« 15 ! B 6 1 o' 3 I- 9 6 618 -/SESfflS: S? ; <V 3 if. V5 8 -H-S ■! SiA-,. ;;.,","■••."•: :"* . "*/; *" •«,«« ■ .&&& . . J .«. 11 1 J f 1/2 ■ 0 110 7.210 ■;>/ v :,■?-.■ . /■ .. -;• ■-■; • ; , ;• ■• ; • ■■. ,. . .. ■ ; EO.«M :.aOD7-. : 6 : % . „ 9 , o -9-T 0 9-10-6 -6 6 3 f.^-rWelllnBtonHnveat...*-':.~ .., ;M,HjO. . W*J 1o nil 7 . ■ . ■• .• ■■ ';• ..Wolllngton- Trust and Loan "... ■ M.«». ,,?£?, a •■.» *■ 05V 3' ■ On g t]l 0 f» ,::. iHaUon»l .Mortgage'...,•....'.. -.lW.iaU ;«■!«! ,■ j -6 , : b 7,0 0 M 0 ! 0 0 S« 3 '::; ; K.Z. arid-lther Hate. „. : .:. "■W.wjo : : -J .B.-,- : - -iu 217.0 13 00 ;,'.■(-.■ loan and Meroaatile : ». :... l").W f'?; 0 ?. "i nil. t> 113 6 '114.0 113 9 5 3 4 y<;! .:■-':■■■-,]-. .■:. ■■■■■:■;. !v... .: ; ; -.. .... lso.2ai *ww , la . ii 030 U' 3 3 oas v ;v/'- ; ;-;:.■■'■•;•■.■',. ;\ ■■;.;■■ ; •;.., ■■.•••■'■■ •.,:: '■■-', :■■.;.;•. •■..■. '■;■'■; ; .'..''uluietohnrSi , ':'''."' , .^":■•■■ S ' »'' 150,370■' . 9B.632 ■ n ii. 17 n 6 0 ]4 8 5 14 a 6 61710 . ; Feildlng s..- •■ „■■■■ Z" Z ... l».0CO I nil 1U 9 2 6 9 6 0 ■: v'-:;';.ke» Plymouth ... -.., ._...... brfU.: .J™ i ■' : 3 1U • :■/ papier .;....•■.„,„...../,.. ■ J6.au ,.."«i>* 6 8 nil, iu . . ' . ■':' ■■■■:■ 1^^.^:.•:-.; i , 6(iOir £3 a84 : ■». .t; g , »..» » ;:, .;. •- Hlmerston..vHorth ... ... ». )-.:■■■-.■■ 'a 8 ' id . . ,. . .-. '::[■:■: JtfalliBeton.; ....:...,.:::-.,...... ;.«7.7E0' ■;. n-PW; i, '-;4 -10 770 0 7-7 0 6 610 ./:■■.;,"<;,•••, i' lM ioo : -:>*•'"« IU ."", ,;■' , .18 .0 0 17 17 0 612 0 V,;. : ; ■.:"-V-; VheaT.'' , : ' ■""'■■ ' ' " ■"■ v ' ;; • ' 5i ' ' : ;i ; 13 ° ° 12 6 ° * ? 9 '■..i'-eanterbary ',■ ■■'■■'■'^"■■■'■'^'■.■■' t : Sv;" ''..'s, ■ - :; -.." ■'■. ::■•/ ;.'■..::....:,:■. ; . .-/ :.' -.. % j^t≥j a-?-j. ■■- : ■; .,-■':;-.;.••.;;.,,..■.■.■.•«. ,v-w.-. .».,/,«:.>.- K m ,W «950 6 ' v , .| ; J ' ,-v '6 5 0 G 6 6 6 6 5, :^^ HO ai; : :..v; .;.^; X ... : I,-- ■;.-, riS S ..ft g - IS.-! ■ ; iV\/<.---;...;.;.;.;,TRANSPOftt l ■;/',;•.;;■.: . ■■-.■■; . : ■-\. : . ! --y- /-■'-. ■ ■ '■ ,'■' -. ' . .•).■'.''.■ ;••"■■ K.Z.: Shipping ' ..■.-■:' •.■■•"'■:■'' -i ';':■: '.' ■'■■■'■■■.■■■■■'...■■:■ ,". : '... .' .. :■■, .' . , ■'. ■ ■■■■ «.: ?? -!} : J A""'. !S:8 ill f?:^%"^rrJ-*^::^- ; ■.--.. ■-;.; ■■ \ ■ ■■ : . : -. .-■ . : ■■'• : 't'-V-"Westpoit , -:'-.".-...-':;.-;;;'"'--.•■;/■■ ■'.'.i.•■■.■■;-,■.: ''.-.- :.■■;"■■■■■-'■ ■'.' r:,: ■■■.':".- ' ■.'':■:' ■■■ : . ! ' ; ia^ t3^kt0 ? 6 '- ; ■■■*».■' ■& ■"'•■! 0 .es'O 676 617 3 .,v :^,: ■■■■•■.'■-;:■: :~-i':.\J:\" .-/.■•:".,■: biAW : --.<>«30. i •:; Dil ■'T?! 0 10 0 • - r' : v r y:\ c; : :. :; ■.•'-: :i -' ;: .^:' ;; ■'■■.■■■ ■■■ :v .. :: : ■" '<■/ ■.v./.-'ivKaUjo , . ■.•■■;■.■. ! 'V.'--'-!.r'!.' ;, --':>-." ; .-.'' ■■'..'" ;: ■'■ ■ ' ,; ' ■'. ..'-. • ' V- ■ ■ ■.' "'■ '. : .; : Uosgiei ■!■.;, - \'-' u ''i "■?"'■. .. 30O.C0O fWEi k ■■■'„« 7 en n ::=• v:woiiington ■^: f rf-;:,; ! ' B- :■■»«• J- ,; ■•,?■? . ■ > ; -oA■■•-■■■■ ,V. i; : : ;>;^ 1 ~,-V : ."'. ;'i!8.a)s- ' l i ■-; 1 0 0 8 0 0 :v,:: -tjgi. i-jEi,:-. i ,v.«- 3 . . • ■ ,:.- '■■:,.' ■; J • -'• ■ ■— ■■ --.r-■■ l>8.013 life 11. dU 7j 010 Q do 6 :1 1 0 l' gi