RELIGION FOR CHILDREN

Sun (Auckland), Volume III, Issue 906, 25 February 1930, Page 10

RELIGION FOR CHILDREN

METHODISTS’ INTENTIONS Press Association WELLINGTON, Monday. The Methodist conference today approved the establishment of a central youth office, in 1931, and also that the Young People’s Board be moved to Wellington in 1931. Viewing with concern the fact that approximately 90,000 children in New Zealand receive no definite Christian training, the conference' recommended that in accordance with the view of tho conference on national religious education, the Methodist churches throughout New Zealand join in a cooperative effort with other churches wherever practicable to recruit more children for the Sunday schools. Congratulations were tendered to the Revs. J. J. Lewis, W. J. Williams and C. E. Ward on having attained the diamond jubilee of their ministry.

BRITISH LOAN

LOWER PERCENTAGE FOR CONVERSION LONDON, Sunda5 r . Applications are invited by the Government for a new cash and conversion issue of 4i per cent, conversion loan. The price of issue for cash subscribers is 95. The first dividend.payment of I*ss will be, made on July 1. The loan will be repayable on July 1, 1944, or on three months’ notification after July 1, 1940. Holders of 5£ per cent. Treasury bonds, due on May 15, are offered exchange into the new loan at the rate of ,£lO5 2s of conversion loan for each £IOO of Treasury bonds. The list for conversion applications will be opened forthwith, and the list for casli applications will be opened next Wednesday. A striking feature of the announcement is that the British Government, lias returned to the Ah per cent, basis, confirming tho impression that the 5 per cent, conversion operation last November was undertaken only because of the exceptional circumstances. Also, the present offer does not extend to holders of 5 per cent, war loan-.

CANADIAN WHEAT

ASSISTANCE TO POOL OTTAWA?/ Sunday. A message from Regina, Saskatchewan, states that after a meeting with the officials of the three provin*i aI T-> wheat pools Df Western Canada the Premiers of Alberta, Saskatchewan and Manitoba issued a joint statement, llns said uniform legislation had been arranged to cover a guarantee to be given to the banks for their advances to the pool, up to the present time and adequately to finance the balance of last year’s crop. It was made plain. *hat this action had only been taken in order to supplement the undertaking already arranged, not because of any impairment of the pools’ margin with the banks as the pools have at pre;®nt on deposit with the banks collateral securities which at current market prices are valued at more than 15 per cent, in excess of the total of the banks’ loans to the pools.

MARKET IN AUSTRALIA SYDNEY, Monday. Mr. Nock, president of the New South Wales Farmer Settlers’ Association, says that although the suggested guarantee of 4s a bushel for wheat was a step in the right direction, it was insufficient to effect any increase of production. If- the guarantee were ss, the farmers would respond to the extent of 1,000,000 acres. The additional cultivation would absorb many unemployed men in the country.

CHICAGO WHEAT

ANOTHER DECLINE IN MARKET 5* m * CHICAGO, Monday. Wheat broke wide open todav, due th ,® d t press ] on in the stock market and_ the bearish news from all sides. Kansas City and Winnipeg declined further and weakened the local market. A wheat glut at Kansas City will fore© operatives to suspend buying there unless more storage room is provided. Bocal wheat closed at the followimrates: March. 1 dollar 3 7-S cents a bushel: May, 1 dollar 8 3-8 cents a bushel; July, 1 dollar 103 cents a bushel; Septembsr. 1 dollar 13 3-S cents a bushel.

COMPANY REGISTRATIONS

Two private companies were registered in Auckland yesterday. Details are: Walkers Motors. Ltd., dealers in motor-cars. and. trucks.. Capital, £3,000 in £1 shares. Subscribers: Alfred Barton Gibbons, of Wellington, 1,500 shares; William Walker, of Auckland, 1,000 shares; Cyril David Walker, of Auckland, 500 shares. Maxaphones, Ltd.., manufacturers of and dealers in wireless, talking picture and gramophone equipment. Capital, £3OO in £1 shares. Subscribers: Eric Wright Yates. 200 shares; Nigel Edward Dixon, 100 shares.