TEN MILLION EGGS

Sun (Auckland), Volume II, Issue 428, 9 August 1928, Page 12

TEN MILLION EGGS

EARLY EXPORT TO BRITAIN FROM AUSTRALIA AND N.Z. (United P.A.—By Tejegraph — Copyright) Reed. 10.45 a.m. SYDNEY, To-day. Mr. J. Merrett, general manager of the Australian and New Zealand Egg Export Federation, announced that he had arranged to ship over 10,000,000 eggs during the next three months. Referring to a cablegram from New Zealand stating that the Dominion Government had decided to give a guarantee on the basis of 65s for each case of 30 dozen eggs on the London market, Mr. Merrett said the New Zealand Government had guaranteed the producers 2s 2d a dozen for the shipment. He added that £5,000,000 worth of eggs could be shipped to Britain, which would still ask for more.

THE WORLD’S CREDITOR HEAVY PAYMENTS TO U.S.A. Thirteen nations paid to the United States Treasury on June 15 a total of 90,759,065 dollars 1 cent on account of their debts to the United States, or interest thereon. This sum represents £18,651,790. The largest amount from any country was the 11th semi-annual payment of interest on the funded debt of Great Britain to the United States under the terms of the debt settlement of 1922-23. The amount due was 67,200,000 dollars, payment of which was made under the terms of the settlement by obligations or securities of the United States with a face value of 66,617,000 dollars, and accrued interest of 582,899 dollars 63 cents, amounting together to 67,199,999 dollars 63 cents, the cash payment necessary being thus only 37 cents. Next in amount was the payment of 11,250,000 dollars made by France on account of its existing debt to the United States, exclusive of the debt arising from the purchase of surplus war materials. Italy paid in cash 5,000,000 dollars as the third annual instalment 'of principal on the funded indebtedness of that country under the terms of debt settlement approved April 28, 1926. Belgium paid in obligations of the United States, with a cash adjustment of 40 dollars, 44 cents, the sixth semi-annual payment of interest, and the third instalment of principal on the funded debt of that country to the United States amounting in all to the sum om 3,575,000 dollars. Other payments made were 1,500,000 dollars from Czecho-Slovakia, 100,000 dollars cash from Esthonia, 131,460 dollars from Finland, 20,131 dollars 1 cent from Hungary. 40,000 dollars from Latvia, 82,072 dollars from Lithuania, of which 48,564 dollars 50 cents was for interest and 33,507 dollars 50 cents for instalment of principal, 1,250,000 dollars from Poland, 400,000 dollars from Rumania, and 200,000 dollars from Jugoslavia for instalment of principal. HAURAKI PLAINS DAIRY COY. Despite the fact that production decreased approximately 16 per cent, owing to the dry summer, the annual report of the Hauraki Plains Co-operative Dairy Company, Ltd., states that suppliers were somewhat compensated by the higher prices obtained for the factory’s output. The grading of the company’s cheese was sufficiently high to qualify it for third place in the Government grading competition for companies operating in the Auckland Province. The average advance payment was Is 6d a lb. butter-fat to cheese suppliers for every month of the year. The average payment for butter was Is 3.77 d a lb of butter-fat. The estimated balance of £6,746 will enable a final payment to be made to cheese suppliers of 3d a lb butter-fat, and to butter suppliers a further payment of 2.23 d a lb, and an additional farthing for direct delivery, making a total payment to cheese suppliers of Is 9d and to butter suppliers of Is 6?id for the whole season. In addition, 6 per cent, interest will be paid on all paid-up capital.