SYDNEY POTATOES DEAR

Sun (Auckland), Volume II, Issue 564, 17 January 1929, Page 12

SYDNEY POTATOES DEAR

EMBARGO AGAINST N.Z. REMOVAL KEENLY SOUGHT (United P.A.—By Telegraph — Copyright) SYDNEY, Wednesday. A cabled message has been published in Sydney containing information from Auckland to the effect that there is a glut of potatoes, which are on offer at £8 to £8 10s in the Dominion while consumers here are paying upwards of sixpence per lb. retail. The message has aroused unusual interest. The embargo against New Zealand potatoes, which has been in existence since February, 1927, enables Tasmanian and Victorian growers to reap exceptionally high prices in Sydney. The consumers here are naturally anxious that the embargo should be lifted, even if only temporarily. The Agricultural Department at Sydney states that the matter is entirely one for the Commonwealth. If the New South Wales potato crop should be a complete failure owing to the absence of rain, which seems highly likely, the prices of local potatoes will go still higher.

H.M. ARCADE COY

DIVIDEND OF 15 PER CENT. A net profit of £6,136 is shown by the directors of His Majesty’s Arcade and Theatre Company. Limited, in their annual report for the year ended December 31, 3 928. The amount brought forward in 1927 was £769, making a total of £6,905. From this £2,900 was paid as an interim dividend in July, 1128, leaving £4,005 available for distribution. The directors recommend the payment for the half-year ended December 31, 1928, of a dividend at the rate of 65 per cent, per annum on the preference shares, and at the rate of 35 per cent, per annum on the ordinary, leaving £3,105 to be carried forward, as against £769 brought forward from 1927. In addition an amount of £I,OOO has been written off buildings account for depreciation, and the mortgage has been reduced bv £3,000, and now stands at £2,000. Mr. B. M. Myers, the director who retires by rotation, offers himself for reelection. CHICAGO WHEAT MARKET (Australian and N.Z. Press Association) Reed. 10.40 a.m. CHICAGO, Wednesday. Wheat.—March. 3 dollar 19 7-8 cents a bushel: May. ' 23i cents; Julv, l dollar 24 5-8 cent*.