COMMERCIAL ITEMS COMPANIES REGISTERED MINING NEWS

Dominion, Volume 10, Issue 3059, 21 April 1917, Page 12

COMMERCIAL ITEMS

COMPANIES REGISTERED

MINING NEWS

Customs duties collected at the port of Wellington, yesterday amounted to £2422 ■ ■ <s. fid. WELLINGTON DEPOSIT CO. 1 The report of the directors ot the Wellington Deposit, Mortgage, and Building Association,, Ltd., for the year ended March 31 states that the net profit on -■ the year's business totalled £1757 IDs. 6d„ which, added to £424 Is. Id. brought forward from last year, less £100 directors' fees, makes a total of £2081 Us. 7d„ and > the directors recommend that the amount

[D NOTES.

should be- allocated as follows:—The payment of a- dividend for the year at the .rate of 5 per cent, per annum, which will absorb £1250; a, sum of £400 to be placed to tho reserve accoutit, and the balance of £431 lis. 7d. to be carricd forward. The vacancy in tho directorate caused by tho death of Mr. Charles Pallisev lias liol been filled, the directors being of opinion that a board- of six was sufficient for tho management of tho company. OPERA. HOUSE COMPANY. Tile report of the directors of the We!- • lington Opera House Company, Ltd., ■ shows, that, the net profit for this year amounts to £151 13s. Bd.; and this liaa been carried to the appropriation account, which, together with the amount (£B6 143.) brought forward from last year, leaves a balance of £3638 7s. Bd. A half-yearly dividend of 3 per cent, was paid on October 13," 1916, which absorbed £1462 135., and the- directors now recommend a further 3 per cent., making 6 per cent, for the year. They also recommend that the usual honorarium of £105 to the directors be passed for payment. SHEEPSKIN' SALES. Messrs..' Dalgety and Company, Ltd., beg to advise having received the following cablegram from their London office, under date April 19:—"At the Eheepsllin sales 2100 bales were olfcred, and practically all were, sold. There was the usual attendance of buyers, and competition was good as compared with last sales. Merinos are •2d: to 3d. dearer, and crosEbreds 2d. dearer." BlNrr 0? ENGLAND' RETURN. " (Eec. April 20, * 8.45 p.m.) London, April 19. The Bank of England return issued for the week ending Wednesday,, April 18, is as under:—' i - ■ ISSTC Department. Kote Issue £71.428,000 Gov. debt... i' 11.015,000 Other securities T.434.r,00 Gold 02,i17i!,<100 £71 .<26,000 ' £7M%000 Banking Depahtmknt. ■Proprietors' Gov. securicapital , .£11,553,000 ties £37,675,000 Public de- Other securiposits, ... 51,768,000 ' ties ISi.OM.OOO Other doposits ... 124.530.000 Kote6 33,310.000 Best, 7-day anil other . bills ... 3,162.000 Coin ... .:.. 2.003.000 £197,022,000 £107,022,000 The leading items-of 'the Bank of England return afford the following comparison This week Last week Imsfcyear £ £ £ Bullion 52.979,000 52.855,000 56,899,0(10 Reserve . ... 35.403.000 34.750.000 45.383,000 Koto Circulation ,88,118,000 38.631,000 34,032.000 Public Deposits 64.768.000 49,392,000 59,170.000 Other Deposits 124,539.000 128.663,000 86,646,000 Proportion of reserves to ' liabilities 19.74 19.49 29.10 GOVERNMENT SECURITIES. The following are the latest quotations for Consols and Colonial Government Securities in comparison with those rulin" last week• °

■ i MONET MARKET. Tho Banlc of England discount rate was on January 2. 1914, reduced from 5 to 4i per cent., on January 22 it was reduced to 4 per cent,, and on January 23 3 per ; cent. On July 30 the rate was raised to 4 per cent... and on- July 31 it was raised to 8 per cent, and on August 1 it was iurther advanced to 10 per cent. On August 6 the rate was reduced to 6 per cent., on August 7 it was further reduced to 5 per cent., on July 13, 1916, it was raised to 6' per cent., on January 12, 1917; it was reduced to 5J per cent., and on April. 5 it was further reduced to 5 per cent. . OPEN MARKET RATES. The open market discount rate for three monthsVbills is 45 per cent., as compared with 4J per cent, last week, and 4 9-16 per cent, last year. •' — Short, loans are quoted at 4 3-8 per cent., as against per cent, last week and 4 per cent, last year.—Aus.-If.Z. Cable .Assn. COLONIAL A.ND OTHER PBODTJCE, Wheat is firm and unchanged. , Flour .and oats are disorganised by the Food Controller's new order,' and none are offering; Peas and beans are firm and unchanged. METAL MARKETS. Copper.—On spot, £135 ss. per ton /three months', £134 155.; electrolytic, £145. Lead.—On spot, £30 10s. per ton; forward delivery, £29 10s.

Spelter.—On spot, £57 per ton; forward delivery, £50. •' Tin.—On spot-, £219 2s. 6d. per ton; three months', £219 7s. 6<l.

The "Mercantile Gazette" reports' registration of the following new companies:— Charles Watkins and Sons, Ltd., private company, Feilding. ,Capital: £5000, into SCCO shares of £1 leach. Subscribers: ltongotea—o. Watkins, 4999 f.p.u.; Lily A. "Watkins, 1 cont. Objects: To acquire from Charles Watkins, of Hongofcea, farmer, property described in agreement for sale and purchase, and to carry.on farming, j etc. ~ v • "Stedmor Trivercaa'gill, Ltd., private company, Wellington. Capital: £4000, in 6Ct!O I shares of £1 each, Subscribers: DuiioUlii I -C. F. .Sundstrunj, ICOC. Wellington—Joluiston and Co., Ltd., SGJB. Objccts: To aci quire tho steamship Invercargill, and to j carry on tho business of -shipowner, etc. Now Zealand Shop Pronto, Ltd., private I company, .Wellington. Capital: £». in J 2000 shares of £1 each, Subcoribtjra: Wetj liugton—6P. L.Lenzini, rttOf.p.u.,6o cont.; F. S. Driller, 350 f.p.u.,-75 cont.;C. Sexton, 150 f.p.u.,75 cont.; C. V. Sutherland, -2CO f.p.u.;> F.-W. Rankin, 200 f.p.u.; J. H. Oameron 100 f.p.u.;J.J. Clark 200 f.p.u. Objects: To acquire as a going concern trio business _ of making shop front?, etc., now carried on at \Yellington. according to a secret process known to O, 3i\ L. Lonsrai, F. 6. Driller, and J. Sexton.

STOCK EXOHANGE. . Br Telegraph.—Press Association, Auckland, April 20. : Exchange sales: Portland Cement, 12s. 6d. Sales reported: National Ba.nk, £5 4s. 6d.; New Zealand Insurance, £7 95.; Woihi, 335. 6d.; Grand Junction, 14s. VAIHI GEAND JUNCTIOK. (liec. April 20, 8.45 p.m.) ... London, April 15. flaihi Grand Junction shares are quoted; Buyers 145., sellers 155.-Aus.-JS T .Z. Oable Assn.

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