COMMERCIAL ITEMS

Dominion, Volume 11, Issue 299, 6 September 1918, Page 8

COMMERCIAL ITEMS

: INVESTMENT. SHARES. A' sale of .N.Z:,Paper Millß .sharcß at 225. 4d.. wab made on 'Change yesterday. ; The ; Quotations wefe as. follow.:— • \ i . Buyers. Seller!, i > ; £-s.d. £s. d. • '-National. Bank 6'3 0 — , | Bank N.Z. (old) .'..... 12 19 0 , KauS H'./j.' (new) lb 0 0 .... ;.. -Union Bank . ~ 55 0 0 ; turntable Building-.. -.9..0 .0 1 i HctroDolitan Buildinc: ... 11' 0 0 - V .National Mortgago . 4 4 0. Well. Investment — • 011 0 I -'Chrißtchurch Gas 510 0 - - 1 S.B. Insurance 66 0 - . i • ,«.Z. Refrigerating ......... 2.4 0 J J - lUeat Export (525. 6do. ...2 7 6., 210 0 ; Huddart-Parker (orfl.) ... 22 6 ~ , ; •.■••Hudaart-Parkefvlprei.)..-. 1 -0-9 1 1 i ' iP. and 0. Def.,Stock ....3/5 0 0 385 0 0 ! 'Kaiflpoi Woollen (ord.) ... 7 5 0 Well. Woollen (pref.) 4 10 0 i. i.Weatport Coal ■••• 1.10 • - V i 'Westport-Stockton (pref.) 010 .9 - , iWaipi Colliery ••■■■ - J" » ' 'Kauri Timber (335. paid — 111 0 : iKauri Timber. ,(15b. paid); -- 013 0 Xjeyland-O'Brieii 17 0, . . C. 11. Banks.- Ltd • - 1 4 0 i " Colonial Sugar ......; •• 2o 0 0 - Crown Brewery HO U — •Farmers' Auc. Co. (pref.) — 1 " j ! Golden Bay Cement 919 -9 10 6 N.Z: Paper 'Mills 12 3- : Well. Cordase . 11-° i Wilson's Cement 014 0 — COST OP WAK LOANS. i> The cost of war loan flotations in Australia haß been kept very low, ■ but the ■: record in the United States shows a relatively lower level. So far all the war 1 issue,? In tlie United States 'have been floated at par without commission and ■ expense other than those which are occai sioned by t'ne mechanical necessities in- ! volved in such large operations. The first Commonwealth issue'gave a gross yield of £13,389,440,- the cost of flotation . being £34,659, or about ss. per cent. - .By the second appeal £2i;C55,C80 was raised I at it cost of £50,382; by the third effort £23,587,426 was obtained, the flotation ex : pense being £50,668, and the fourth issue, which brought, in £21,577,070, cost £4u,900, 'or a little /more than oue-flfth of 1 per /cnt. Canada's latest Victory loan, which m-ought in applicatipns for £83,800,000 ' from 820,000 subscribers, cost the Government. In commissions and eipenses ap- : proximately'il.OOOiOOO, or.ll per. cent. Of this 1 total the largest items were made up : of commissions :to canvassers, amounting to £228,000; remuneration to hanks .-?19u,679, and to brokers and dealers £150,000. In many instances the commissions allowed to brokers were returned to the Government from patriotic motives, and it Is i possible that such refunds will ultimately reduce > the cost considerably. Tho cost of the war to Canada in May las) was , estimated' at £300,000; It, is impossible 1 to make a comparison of the costs of i flotations of war loans in New Zealand, i. for such . details, are not published, nor ' yet is the total amount subscribed to any ; one of the wa„r loans known outside of tho 1 Treasury. It is singular that .such. ,par--1 ticulars should be kept sccret here and j published broadoast in other countries. | GOLDEN BAST CEMENT COMPANY. ' The report of tho directors of the Golden i Bay Cement Company for the year ended I June 30 states, that, after providing for '■ depreciation, tho amount to the credit ! of profit and loss is £10,079 os. 3d., which ! includes a balance of £5744 9s. sd. brought ! forward from last year. The board reconj- ; mends that a dividend: of 5, per cent., as i last year, jvliich amounts to £3000, be paid ' for the year just ended, the balance, ! gaudy. £7079 os. 3d., to be carried tonert year. Dr. C. Prendereast Knight and Mr. i George Wilson, retiring directors, being

eligible, offer themselves lor re-election. Jfeßsra. E. Bucholz fttul 1). R. Menzies, auditors, also seek re-election. Customs duties collected at the port ot Weliincton yesterday amounted to £6154 l<s. Td. AUSTRALIAN PRODUCE. By Telegraph—Press Association-Copyright (Rec'. September 5, 930 p.m.) Sydney, September 5. Oats, Algerian, feeding, 4b. 6d.; miHiiiK» 4s. 9d.; Taanianian, ss. 6d. Maize, 6s. Potatoes, £6 to £9. Onions, £27.