SHIPPING SERVICE TO N.Z.

Sun (Auckland), Volume II, Issue 508, 10 November 1928, Page 12

SHIPPING SERVICE TO N.Z.

PROPOSAL IN CANADA (United ServiceJ MONTREAL, Thursday. A message from Ottawa to the •‘Montreal Gazette” says the Minister of Trade, Mr. James Malcolm, will leave for Vancouver next week to examine the possibilities of instituting a direct steamship service between Western Canada and Australia and New Zealand. He will also examine the advisability of subsidising service to the West Coast of South America. It is believed that trade to these countries will be substantially increased. British Columbia lumber merchants feel that they could secure a larger share of the Australian trade if the Canadian National Steamship Line would restore the direct service formerly given between Vancouver and .Australia and New Zealand, especially as there is a possibility of the trade arrangement between Canada and Australia being extended. At the present time the lumber interests in the States of Washington, Oregon and California have an advantage over the British Columbia lumbermen by reason of the better steamship service and of the Australian tariff, which favours Californian redwood against the British Columbian cedar. PORK FOR OVERSEAS MARKETING ASSN. EFFORTS A considerable increase in the number of pigs coming forward for slaughter is reported by the New Zealand Pig Marketing Association, of Hamilton. Pigs are now going into the works at the rate of 1,000 a week, and there is every indication that by the end of the month this number will be doubled. All pigs from the southern Waikato and Bay of Plenty are now being handled at Horotiu. The association reports that it has thoroughly investigated the prospects for sending bacon overseas, but all advices are to the effect that disaster would follow any attempt to market bacon on the English market. It would be impossible to compete with the Continental countries, and, in addition, it would only antagonise the English curers, who at the present time are buyers of frozen pork. The asso- *, ciation is therefore concentrating on grading the pork to meet the requirements of the Home curers, AUCKLAND WOOL SALE CATALOGUE CLOSES NOV. 19 The catalogue for the first Auckland wool sale of the 1928-29 season closes at 5 p.m. on the evening of the 19th inst. The sale, opens in the concert chamber of the Town Hall on Monday, November 26, at 7.30 p.m. Indications at the moment are that the offering will be slightly below that at the first Auckland sale last season, as the wool is not coming forward with the freedom registered last year. Unfavourable weather has been responsible for holding up shearing operations. N.Z. LOAN AND MERCANTILE (United Service) LONDON, Thursday. The directors of the New Zealand Loan and Mercantile Agency Company have declared a final dividend for the year of 5 per cent., making, with the interim dividend declared in May, a total of 8 per cent, for the year. Last year’s dividend was per cent., following 7 per cent, in 1925 and 1926, and 6 per cent, in 1924. MINING NEWS HAURAKI. —The manager reports as follows: ‘/At the 180 ft level in the Union Beach section the drive on the cross reef toward its junction with the Stockwood reef has reached the estimated position, at which point a reef formation about 18in in width has just been intersected. It has the correct course and dip; the hangingwall portion is bluish pug with seams of dark fine-grained iron pyrites running: through It; the footwall portion is fairly hard quartz hard on to the footwall country. The reef, the mineral indications for gold, and the encasing country rock are of the same nature as that where the gold was got at the 400 ft level. The reef is now being followed seaward, as it was on the seaward side of the junction where- the gold was got at that level. Owing to obstructing timbers in the pump compartment of the shaft, some trouble and delays are being met with in lowering the drawlift, but when working the water is lowered rapidly, proving that the water is being easily coped with.”