COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1673, 13 February 1913, Page 8

COMMERCIAL ITEMS.

' .' ' INVESTMENT. SHARES. A sale .of N.Z. -Dnipr Shares, at' 495. 9d waa reported yostarday, and was the only transaction' recorded. Tho quotations wcro as under:— ... Buycre. Eollo'ri. „,. -, ■-.•' ,-■''.' «•• <I. ~£ s. d. National Bank 6 0 0 6 10 N.Z. and ■ River .Plate !.. - 2 06 Well. Trust and Loan ...... 7 0 0 . 7 3 0 Chrjstchurch Gas — -' 8 O'o Foilding G-as *..;...;'. ;.. ' — ;. .'i o J N.Z. Insurants 5 0 0 — Standard InsiV-anee ...... 112 3 .' — Meat Export (525. 6d.) 2 15 0 — N.Z. Shipping 14 7 6 ._' Union Steam .......... 2 7 6 — Westport Coal 17 6 -18 0 Golden Bay Cement .--.'— ." 10 6 N.Z. 8ritR.■■..'.■:..'....,....'..■..... — .' 210 0 N.Z. Paper Mills >— ;■ . i 0 9 Customs duties collected at the port of Wellington yosterday amounted to £5325 6s. .-. : NIZ. INSURANCE.CO. ' ■ ' (By Tclcgraph.-Pross Association.) •' Auckland,. Fobruary 12. Tao annual mooting of the New Zealand Insurance Company was he'd to-day. Tho lion. S.' Thome George presided. ■ The, chairman elated that, tho premium iiraomo for tho year amounted to £676,097, hem? an increase on tie previous year of £03,[90. Tho interest and rent account had reached £37,722, showing an ■ increase of £23<!4„ which gave .a return on investmentsof 4.09 per cent.-a slifht improvement on the figures for. tho ■ prc-.'o'us year. Tho lojcos for the yoa,r (aher having, mate full provision,for all known.and unadjustred claiffin) amounted to . £403,E20, . being £40,009 in exco-,; of the provioua period, but with the continuous liktct.go in business'! the oo.uir.iny mast also expect an. auemcfii tation ot lor,»i. .The ratio of losses to TiTOffliur: income v.as 60.4, t-liii being a liliffht es»!n over' tfco previous : year. Tho wcrkinsr bxper-.cs luMimlcd to £190,313, or £I'.3'i- Uci than far t'ne previous year, and slmvinc r>, r-itb of 23.15 per cent., on tho' »ri!!i''!uai income, or ? 01. per cent; under last yoor's ratio of. worltlng cspcnfM. The chairman coiitintadi—Tho aiuouttt which v.--3 have now to deal with (ineludiny £19,C24 broitzlit forward) i:< £12!,?63, out of which e, dividend \VA3 r-aid in 'Augast of £18,750. A'onr direetora now reeornmond a further dividend of. 2s. 01. por s):are. together with a honuii of In. per sh.arc. whieh will abrorb £23,2.a. ' They also recommend the transfer to'rasorvo'fnnd of -sGSO.CCO.',which fund will thon amount \o £3CO,CCO, and that,a. further Sum of £SCCO be transferred to the provident' fund. ■■'"'"■,'•'.■'''■'

Messrs. TOioraaa Buddie, s>.Hliew Clark, and Henry Uorton, who retired from'the hoard of directorc were unanimously reelected.

The mooting was then rirwtitutcd an ej.' trlorcfhmry. general meitiiitt ■ ■'to fcil.wilh :lh'j proposed transfer of £!50.CC0 from tlio rsiorvo cccount'lo tho tftpil.il account.

Tho cliairrcan explained that, tho proposed alteration in the' articles of the association 'had bKm ■ drawn lip with trrc.it rare ,by the company's, soli-.itors,- who had 'ti>.l:en .tin. m'vico of loading eounrel in 'New Zealand ho . t'nnt no'■ loral' mMalw r.-hould l« !!)?£<?. Then Ttiiht, ho said, ho r-.u imprfi-.'ilon thattho, directors were sc'ohinf; greater remuneration by the proposed ;chat"res. but tho fact vr-s that the pmount ro-eimble would not- be. altered at oil.

: RMora.tior.ci embodying tl'V alterations were then put ti the tt'oHin;:.. and carried. These resolutions will be submittal for "confirmation to i meetins'at a date to bo fixed. ... ' . - ...

' , • ■ CHEISTCHUR-OH - WOOL sAtrs... . ; Chrlstchiircli, Falmia'ry 12. ' Tho catalogues for tho February. wool sale aggregate MM, against 10.595 for tho February sale, lasS year. ■ SYDNEY. WOOL SALES. My TelozraDH—Press .Association—Conyriaht ' ' ' ■ Sydney, February 12.' At the wool sales, scoureds realised. Kid., a Tccord for the season. .■ . . , (Rcc. February 12,'9.10 p.m.), Sydnoy, February 12. The season's wool tales have closed. There was a spirited demand, and prices, .wore firm at recent rates. Greasy taaiv to Kid. The next sales will be held in April. ; FINANCIAL CABLEGRAMS. ' London, February 11. ■ Australian Mercantile Company's 4 per cent, debentures aro quoted at £9-1 ICe., and City of .Sydney debentures, due in ,1919, at £99. MINING NEWS. WELLINGTON SHAKE MARKET. A sale of Woihi shares at 3As. 6d. was reported at tho morning call, and this was tho bnly transaction recorded, for tho day. Tho quotations were as under:— Buycrn. Boilers. £ s. d. £ s. d. Murray Creek (old) ......... — »0 6 6 Murray Crook (new) 0 5 6*' . — N!Z. Crown ~....'. 0 0, 6 — ' Now Sylvia ; 0 0 11 Oil Boss Reconstructed — ' 0 '5 5 Talisman — 1 19 9 Waihi ' 1 13 0 1 IS 6 Waihi Grand Junction ... 1 1 9 12 0 Waitanji 0 0 6 0 0 7 •l'romlum.