LATE NEW ZEALAND.

Gisborne Times, Volume XXIV, Issue 1799, 4 July 1906, Page 3

LATE NEW ZEALAND.

(Ear PitM AMoKkcUtloH.)

Auoklanpid, last night. The directors of the Ne.Vijw Zealand Insuranoe Company will rec|,|ommend to the ■barebolders an increase oml .capital by the issue of 25,000 new shares,M; to be paid up to £2 each, at a premium (/ijfe£l per share on the basis of one new to f|fflpve old shareß, With the funds already available the Company will be able to payK all tbo San Franoisoo losses, and oontim|Re in a strong position for fotnre operations'!®,having paid up oapital and reserves £600,000. The directors wilWulso propose registering the Company Star a limited jjompauy having a subeotibediL capital of £1,500,000, of which there wilipbe paid-up I £BOO,OOO intaot and £1,200,00ft uncalled. It is intended to pay an interim]§ dividend for the past half-year at the rate Sof 10 per cent, per annum.' 1 The Auckland .Operative Union last evening oarried a rfeeolntion entering the most emphatic protest against the action of the in their attack uponMr Tregjear. The re■olntion has been forwarded to the Premier. ; V Wellington, last night. A Gazette extraordinary isened to-day prorogues Parliament until July Slot, Particulars of the aotual yields of last harvest are now available. The yield of wheat was 3060 bushels per acre, of oats 35’86 bushels, of barley 34 54 bushels. After taking Into consideration the quantity available on February, 1906, and the quantities required for seed and consumption, there is an apparent surplus for February, *21907, of 1,741 338 bushels. The total yields . are: Wheat, 6,798,934 bushpls; oats, 12,707.982 ; and barley, 1,021045.