WHOLESALE PRICES.

Evening Post, Volume CXV, Issue 34, 10 February 1933, Page 3

WHOLESALE PRICES.

Messrs. Laery and" Co., Ltd., Allen street, Wellington, report the following wholesale prices:—Bran, £5 17s 6d per ton; chaff, £6 per ton; farro food, £7 10s Per ton; mixed fowl feed, 5s 3d per bushel; maize,. South African crushed, 4s 4d per bushel; maize, South African whole, os 6d per bushel; meatmeal, 8s per cwt; molasses, drums s%cwt, 39s per drummanure, Westfield, garden, 141b bags, 13s per dozen; mixed bonedust, 6s 6d per cwt, ex store; blood and bone manure, 7s per cwt, ex store; superphosphate, 44-46 per cent., 5s 6d per cwt, ex store; superphosphate, £4 ton on rail, Aramoho; oats, Algerian, -3s 3d per bushel; oats, black, <5s per bushel; oats, Garton, 2s 9d to 3s per bushel; oats, Dun, 3s 6d to 4s 3d per bushel; partridge peas, 6s 6d to 6s'9d per bushel; pollard, £6 5s per ton; shell grit pipi, 4s 3d per 1001b bag; shell grit! oyster, 5s 3d per 1001b bag; shell grit chicken, 3s 6d per 1001b bag; agricultural salt, £5 10s per ton; rock salt, £6 per ton; wheat, 4s Od to 5s per bushel; poultry meal, 2001b sacks, £5 15s per ton; sulphate of ammonia, £11 0s 6d per tonammoniated super, £6 16s per ton; nitrate of soda, on trucks Aramoho, £17 per ton.iff', ,1 c Paratt"'. dairy, and milled, 6d to 6%d lb; eggs, new laid Is 5d per dozen and Is 3d dozen; walnuts, 6d per lb; Brazil nuts, 5d lb; shelled peanuts, 3d per lb.

INVESTMENT AND LOAN COMPANY,

The annual report for the year 1932 of the Permanent Investment and Loan Association of Canterbury, to be presented at the sixty-second annual meeting on 24th February, states that "Your directors, in presenting the sixty-second annual balance-sheet and accounts, have to report that the profit for the year after taking into account interest due and accrued as at 31st December, amounted to £5508 12s lid, which, added to the balance brought forward from last year,

left £7646 19s lOd in the profit and loss account. Legislation in the form of the National Expenditure Adjustment Act has, as shareholders no doubt expected, had a serious effect upon the association's income in that tho amount received for interest in respect of the nine months commencing on Ist April, 1932, has been subject to an average reduction of nearly 20 per cent. The full effect of this reduction .will be felt during the current financial, year. Last year we decided to carry. forward £2138 in the profit and loss account in view o£ the possibility that-a'percentage of the accrued interest might have to be written oft', and as events have turned out the directors' action has been proved a wise one, although losses of interest, confined chiefly to farm mortgages, have not been as great as might have been anticipated. In view of the uncertain and difficult financial conditions now existing, your directors considered it advisable to transfer the £2500 standing to reserve for equalisation of dividends to a contingency reserve account and to increase that reserve to £4000 by the transfer of £1500 from the profit and loss account, leaving a balance of £1146 19s 10d to be carried forward. An interim dividend of 2% per cent, was paid on 31st July, and a final dividend of 2% per cent, on 31st January, making 5 per cent, for the year. During the year your directors found it necessary to take over four properties in satisfaction of mortgage debts. Three of these are still held. The fourth has been disposed of at a loss to the association of £im Us 10d, which has been met out of revenue. AlO per cent, re--duction in directors' fees and salaries was made on Ist April last, reducing the expenses of management by nearly £100. This reduction should account for still greater- saving in 1933."