FINANCE & COMMERCE

Dominion, Volume 37, Issue 230, 26 June 1944, Page 6

FINANCE & COMMERCE

Bank Of England Return

(By Telegraph. —Press Aosn.—Copyright) LONDON, June 22. The Bank of England return for the week ended June 21 is as follows:—

Government Stock Prices (Bv Telegraph.—Press a*-sd.—Copyright.) LONDON, .Tune 22. Government stocks are lifeless, but steady. Prices, compared with tbos,e of

fnighcr. ’♦Lower. Gold Mining

The Snowy River return last week was ISO ounces for 210 hours from 41,000 yards. Fletcher Holdings New Share Issue The directors have resolved to «ffer to existing shareholders .Un to £l-<>.OUO ot the company’s unissued share capital comprising 125,600 ordinary shares of £1 each. This offer of shares is confined to the present holders of both ordinary and preference shares, and the new shares are Offered at a premium of 2/6 a share, in the proportion of one share in the new issue for every three already hold. The issue will open on July 10. “nd will remain open up to and including July 31, The terms ot the Issue call for a payment of 7/6 a share (including the amount of the piemium) on application, 5/- a share on allotment. 5/- a share payable on September 1. 1944. and 5/-' a share payable on October I ’Apidications will be received from shareholders for any number of shares, but each Shareholder will be allowed. the prior right till Julv 31. to receive on his or her application, an allotment of one ordinary »b“ r o for every three shares held by him or ner. The directors will approve of letters of renunciation up to and including July 01, provided such letters of renunciation nre accompanied by a formal application for shares by or on behalf of the person in whose favour renunciation is macle.

Royal Mail Lines, Ltd. The accounts of Royal Mall Lincs, Ltd., for the year ended December 31 last, show that the" operating profit and Income fy°m properties, after charging administration expenses borne by the company, payments to superannuation and widows’ and or * Phans’ associations, pensions, and Provision for deferred repairs amounted to £773,604, in comparison with £bO2.li.J for the previous 12 months, to which is added £-14.375 (£35.085) interest and transfer fees and £64,637 (£72,761) dividends and interest from investments making a total available of £882.617 (£910.020L The directors have decided to set aside £440,000 (£340,000) for depreciation of the fleet and premises provide £270,000 (£320.000) for taxtatlon,’ and transfer £50,000 (£4" to insurance account, leaving £-12,040 (£244,423). As already announced, the dividend for the year is unchanged at 6 per cent., loss tax, leaving to be carried forward £122,040, against £124,423 brought in.

Stock And Share'lndices LONDON, June 24. “Financial Times” indices (192 G equals

Note issue— Govt. debt 11,0003)00 In circii- Other Govt. hit ion 1 ,128,700.000 sees. 1,138,200,000 Other secs. 800,000 lug dent. 21,500.000 “1,150,<WU.iH.Kl Gold coin 200,000 £ 1,150,200,000 £1,150,200,000 * Amount of fiduciary issue. Capital 14.300,000 Govt. sec. 222,100,000 Host 3.300,000 Kisets.. adDeposits- vances 2,$00,000 Public ‘.1,100.000 Other sees. Il.b00.000 Banks 17P.000.1HIO ses. ETAO ETAO T Other ues. 55,200,000 Notes and £262,000.000 £ 262,000,000 Pronortion of reserve to liabilities. 0.13 per cent., compared with 7.04 per cent. ' items of the above jeturn compare as follows with those of last ~ June 14. June 21. De r Ubiic“ • • ll.&W.OOO 9,100.000 Bankers IBS,200,000 179,900,000 Other accounts . 38,100,ovo o5,-.00,000 £237,900,000 £ 214,200,000 216.900,000 222.100,000 liisets.. advances 5,200,000 Other securities . 15,500,000 14,800,000 Il'ierle ■ • .. ISJOO.OOO 22,300 OijO Note circulation 1,132,800,000 1,128.700.000,

?iuno"15. are as follows:— Variation £ s. d. Price. £ •s. d. Consols. 24 p.c 79 *2 6 same. Fund. Loan. 1940-90 . 112 10 • same War Loan. 31, 1955 .. 103 8 9 0 2 fit Conv. Loan, 31, 1961 . 101 13 9 0 2 6t Victory Bonds, 4 p.c. 112 8 9 0 2 fit C’wealth, 4, 1945-75 .. lot 11 . > same C’wealth, 4, 1943-50 .. 102 6 same C’wealth, 3, 1948-53 .. 102 O 6 0 2 fit C’wealth, 3, 1956-01 .. 99 18 9 0 1 3* C’wealth, 3, 1036-59 .. 98 15 0 O 2 6* N.S.W.. 31, 1930-50 .. 10O 11 3 0 1 3t Victoria, 3, 1929-49 .. 99 17 6 0 2 6* Victoria, 5, 1945-75 .. 101 7 « same Q’lantl. 3. 1942-17 .... 100 0 same S. Aust., 3, 1910 (opt.) 86 0 0 same S. Aust., 5, 1945-47 .. 101 6 same W. Aust., 4. 1942-10 lot t; same Tasm.. 4. 1942-02 .... 101 5 .0 o 7 e* N.Z.. 41. 1918-55 .... 105 ‘2 6 0 2 fit N.Z.. 3, 1945 101 0 0 same

100): Govt. Home Indus Goldsee’s, rails, trials, mines. June 13 .♦«. ’112.8 69.7 137.3 156.3 J une 13 i... 112.8 69.9 137.4 156.3 June J u ne 16 .... 10 .... '112.8 69.9 137.1 1.12.8 69.8 137.2 156.4 158.2 J une 20 .... 112.9 69.7 137.6 156.3 J une 21 .... 112.9 69.6 137.4 157.0 June o<> 112.9 69.6 137.7 157.2 June 23 .... 112.9 69.3 137.8 1J7.2 Dow Jones Averages NEW YORK, June 24. averages (1926 equals 100) 26 Rail- 32 snares roads. Industrials, sold. June la .... ... 40.32 14.1,86 1,851,000 10 ,... ., 40.82 146.96 2.517.000 19 .’... ... 41.14 148.42 2,371,000 2,383,000 1,516,000 1,279,000 °0 .... ... 41.34 148.63 June June June June 21 .... «>o - . ... 41.03 147.90 ... 41.21 147.65 23 .... ... 41.63 147.50 1,301,000 24 ..... ... 41.56 147.48 553,000