COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 816, 13 May 1910, Page 8

COMMERCIAL ITEMS.

INVESTMENT' SHAEES.

Sales of Leyland-O'Brien Timber. shares at. £1 4s. 3d., and Taranaki Petroleum - at 13s. 6d., were recorded yesterday. 'National Bank, buyers £5 145., sellers £5 165.; Equitable Building, buyers £9 45.; Wellington Trust and Loan, buyers £7 2s. 6d.'; Christchurch Meat, buyers £11 155.; Wellington Meat Export, third issue, buyers £2 145.; New Zealand Shipping, buyers £7 19s'.;' TFnion Steam, buyers £1 125.; Hikurarigi. Coal, buyers 175. , ; Wcstnort Coal, buyers. £6 6s.,'sellers £6 Bs.; Donaghy Dope and Twine, buyers £! 3si: 'Shar--land's ordinary and preference, ■ sellers £1 25.; Taranaki Petroleum, buyers 135., sellers 145.; Ward and Co., sellers £4 17s. 6d.

STRUCK OFF THE EEGISTEE. The following limited liability companies have, been struck oft' the register and dissolved, reports the '.'Mercantile Gazette":— ■ ■ ■ Kiripaki Coal.

Te Kiriti" 00-op. Dairy Factory. Waitemata. and Manakau Canal Promotion. ■ ■ . Huanui. Gold Mining.

Kanaeranga Valley Dairy. New Zealand Exchange and Mart. Devcnport Transport. B. E. Williams. . IMPEEIAL TKEASTJEI'. The Imperial Treasury accounts for the financial year ended March 31 last show as under:— Expenditure _„. 157,944,611> lievenue _ _ 131,696,456 Deficit 26,248,155 Had no new taxation been imposed, the revenue was originally estimated at £148.390,000, which would have left a realised deficit of £9,554,611. 'In order to provide for new expenditure on ■ old-age pensions, the Navy, labour exchanges, agricultural development, roads, valuation, otc, tho Chancellor. of the Excheoucr reduced tho Sinking Fund by three millions, and proposed new taxes to the estimated amount of £14,200,000, leaving an ■ estimated surplus ot just under half-a-million. During the ! course of the debate on the Budget, he gave an income-tax' concession to landowners,' and agreed to hand over half the proceeds of the land taxes to local authorities. In October, owinu to the unexpected heavy fall in the consumption of spirits, and to the delay in passing tho Budget, ho issued a revised estimate Under this last estimate the revenue was expected to amount to £162.090,000. The chief deficit is in the yield of property and income tax, which shows a deficit of £23,805,000, while the house duty is £1,390,000, and estate duties a million short.