Business Gossip

Sun (Auckland), Volume 1, Issue 37, 6 May 1927, Page 2

Business Gossip

Calcutta Linseed Values. —The Department of Agriculture advises receipt of a cable from Calcutta to the effect that linseed is quoted at £IG 12s 6d a ton net. c. and f. Sydney, for immediate shipment. The market is steady.

Auckland Provincial Industrial Association Finances The statement of accounts to be presented to the 40th annual general meeting of the Auckland Provincial Industrial Association show s receipts for the year, including brought forward of *.384 14s 6d, amounted to £2,774 3s 4d. The expenditure was £1,164 18s and the sum of £1.500 was invested in Auckland City Council Debentures leaving a balance of £lO9 os 4d to carry forward. The amount of the fund accumulated for the purpose of securing an exhibition site and buildings now totals £3,500.

Overseas Manufacturers Favoured. That the Government could give more assistance to New Zealand manufacPrnvfnei c ° nt f nti , on °£ the Auckland Prouncidl Industrial Association execu tive, according to their annual report. instance, states the report, in the specifications for the new railway workshops no provision was made for preference being given to locS manufacturers, while, on the Other hand “t was provided that any imported articles f °r the works would be ad nutted free of duty and free railage was also to be allowed. Prom this it would appear as if the importation of overseas goods wa-s hei OI to the de/riment W o a f S our lr^ew n z°ealagd d made which in many cases a H to, and in some cases better than Q tif» imported article. an ’ the

has b'een°receded to'a*"el^fthat directors of the New 7„ i 1 , that and Mercantile Company have of 2 e f lnter , im dividend at the rate and at P the rate'oT3‘n efer<?nce sharcs inarv shares 5 per cent - ™ ordcome 77 ' b ° th ree o£ E ns»sh in-