COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1483, 4 July 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES Sales of investment s.kare.s recorded ye.?, tenlay were .National Mortgage at JE4 Z.s., National licur-iitcs 09--,„ Wcllinplon Woolleu ordinary £3 Bs. The buying and .sellins nictations were as muter:— Buyer.'. Sellcra. £ s. d. £ s. d. Hank Mew Zealand - 11 9 0 National Bank 6 3 6 6 4 3 National Mortsage 4 16 4 2 6 X.Z. and lliver Plate 2 0 6 2 10 Fcilding Gas - 110 Ilokilika Gas - 5 15 0 National Tiwurance 1 18 9 1 19 3 Standard Insurance 1 10 9 1 11 3 Christrlmrrh Meal !5 0 0 Meat, i. Export, (£si 6 4 6 6 6 0 Meat, Export 1525. 6d.) ... 3 0 0 - Union Weam 2 5 6 Kaiapoi" Woollen 5 5 0 Ims Kiel Woollen - 3 7 6 Well. Woollen (ord.l 3 7 6 Weft port Coal 17 6 18 3 Ijeyland-O'Brien — 18 0 Tariujainutu Totara 2 6 0 2 8 0 noii'ifthy Hope and Twine 14 9 Galden llay Cement 10 0 12 0 N. 7.. Con. Dental 10 6 116 N.Z. Paper Mills - 12 0 Sharlaml's ordinary 12 9 '13 0 NEW ZEALAND GKEENSTONE. According to Sydney papers a meetinj; of tlie sbsreholders was held at the office of Hie company on .Innc 21 to hear the report of Mr. (1. A. Julius on his visit to tlie deposits in New /.•ijlniul, and his recommendatioiis for their developnient. lie explained the difficulties that would have {■) lie met, and how they would he overenuie. To commen.'c with, a temporary ue-ial ropeway will he ereeled which, when completed, will enable-the stone to he transported hv sieinn tractors and trailers to the railway, a distance of about 16 mile". The company's deposits, he snid. contained millions of ton- of serpentine (ornamented liuiklinu' crcensloiic) in numerous .-hades of jrreeu. and with va.rioa- lh:iii-iiis. and also la'-i;c iiuantities of true nephrite, (hard. pl;::;i irreenslone. suitable for jr\vcl'.M\y purn:»c = >. .Mr. .liilius ak-o explained ll'.at l!ie :• .;iys on the specimen' eoiitiiuiiiK platinum procured rrnui the ,"n:i]vaiy'< le.'-c:. lad been satisfactory. Mr. W. S'trirrlii-r. one of |.|ie directors, mentioned that the .-ompnnv had sccuchl a mineral |e.--s ..ier the am- eon-t-iinins the plat'oom. and aKo Hint it liad scvtiicJ n thonsina aei"s. of tiraiier r-son-irv rant-iininc some of dip ver\B?nri>d timber, nliieh would b" 1 payable jvttsn tile jojiil leasnar was

completed. I: m> also staled llial quantities of asbestos were obtainable on the properly. guardian assurance. The accounts of the Guardian Assurnnrc Company. Limited, for 1911 show that net fire premiums amounted lu £594.113. against£s79.9ls for the previous year; and losses lo £354,049, against £270,5*8, the rsil'io being 59.59 per cent... nznin.-l 48.11. Ths underwriting surplus is £22,867, and after providing £7400 for the additional premium re.-crve required bv the increase in premiums, the profit on trading account is £15.-'67; i„ which !h added interest £50,490, making a. total profit of £45,957. which is trnnsferied to profit and loss. In the accident, burglary, and general assurance department thn net premium." amounted to £167.289. againsl £15J.9?5 fur the previous year, and claims to £71,078, against £71,007. After providing for the necessary increase in premium reserve, the sum of £8322 is carried la profit and lu-s. Thn balance of profit and loss account-, including £43.800 of Ciuardian life profits, is £153,996: out of which the dividend of 10 per cent, absorbs £110.000. leaving £M.995 to be carried forward The paid-up capital b £1.000.001), and adding life assurance fund .£4.215,244. fire insurance fund £E01,3C0. accident, burglary, and general assurance fund £150.482. redemption assurances fund £12.539. and other items, the balance-sheet total is £6.748.877. represented by mortgages, investments In securities, etc. NORWICH UNION. . The Accounts of the' Norwich Union Fire Insitranco Society. Limited, for 1911, show that net lire premiums amounted to £1,118.528, against £1,087,816 for the previous year; and losses to £623,446, against £53't,312, the ratio- boing 559, per cent., against '83 per cent. The underwriting surplus is £88.144, aga.inst £161,711, and the sum of £14,940 is carried to profit and loss. The accident account shows net premiums £347,419, against £313,156, and claims £192,418, against £190,869; while £19,384 is carried from this account, to profit and loss. The balance at credit of profit and loss account is £62.150. and the dividend for tho year is 30s. per share; £3 paid up. The society has. a. paid-up capital of £132,000, (ind has issued debenture stock (Norwich and London! for £580.000; while the fire Insurance fund at Ihe end of the year wa5£1,117.153. £1,117.153. and the accident, and emplovers' liability fund £280,519. Customs duties collected at the port of Wellington yesterday amounted to £2251 19s. ICd. (By Telegraph.—Press . Association.! Auckland, July 3. The Anglo-Saxon, which arrived from New York last night, is discharging 46,000 coses of oil here, including a good percentage of benzine. The vessel had 180.000 eases on hoard, the remainder of which arc for Wellington, Lyttclton, and Dunedin.

FALL IN" CONSOLS. By Telegraph—Press Association-Copyright (lice. July 3, 10 p.m.) London, July 3. Imperial Consols ore quoted at £76, .1 fall of Its. sinn; Friday. HKBEXTUIIES. London, July 2. The latest quotations arc:—City of Sydney, .E1C0; Gohhurough, J[ort, and Co., £56 Ilk. THE METAL MARKETS.. (Kec. July 3, 10 p.ui.) London, July 3. Copper.—On spot, £76 17s. 6d. per ton; throe months, £77 165.: electrolytic, £31. Tin.—On spot, £208 per ton; three months, £203. l'ig-iron, £2 16s. 9d. per ton. SILVER. London, July 2. Bar silver is quoted at 28jd. per ounce standard.