JAVA EXCHANGE.

Evening Post, Volume CXVI, Issue 105, 31 October 1933, Page 12

JAVA EXCHANGE.

United Press Association—By Electric Telegraph—Copyright. (Received October 31, 11.30 a.m.) B ATA VIA, October 30. Sterling exchange, 7.80 guilders to £1. The rate on October 26 ivas 7.55 guilders. DONAGHY'S ROPE DIVIDEND. An interim dividend of 9d a share has been paid by Donaghy's Rope and Twine Co. ,Ltd., Dunediu. The dividend is at the usual rate. HARRISONS AND CROSFIELD. The profit for the past year of Harrisons and Crosfield, Ltd., Eastern traders and tea merchants, states the "Manchester Guardian," shows sufficient recovery 'tfrom the low point reached iv 1932 to enable the directors to raise the deferred ordinary dividend from 5 ier pent, to 10 per cent, and to add the equivalent of another 5 per cent, dividend to the carry-forward. Both profits and dividend are still well below those to which shareholders have been accustomed in former, years, but bo also is the level of commodity prices which is ■ the important earnings factor for this sort of business. The i company's investment!: in tea, rubber, and other produce companies have recovered appreciably in market value since a year ago, and at June 30 the aggregate holding was worth, it is stated, a figure well in excess of the amount at which they stand in the balance-sheet (£871,831) after deducting the special reserve of £350,000 previously created. Tlie financial position continues very strong, though cash and Government securities have been reduced by £131,000 to £550,475. This, however, is primarily due to employment of a larger sum in temporary advances to subsidiary trading companies, and is probably, therefore, a favourable rather than an unfavourable development. Dividend, 1030-31, was 12% per cent; 1931----32, 5 per cent.; 1032-33, 10 per cent. Imports of wheat into Great Britain during .the first six months of 1033 totalled 2.841.000-tons, of which nearly 75 per .cent, was from Canada and Australia, compared1 with less than 60 per cent, in 1932. :