MONEY ORDER RATES

Sun (Auckland), Volume III, Issue 921, 14 March 1930, Page 10

MONEY ORDER RATES

INCREASE ANNOUNCED AMOUNTS LIMITED In keeping with the announcement regarding Australian money orders the New Zealand rate for money orders has been raised from 3d to 6*d in the pound, and a limit of £IOO has been imposed on the amount which may be transferred from the same remitter to any person in one week. An increased charge is also being made for the higher denominations of British postal orders. For the 15s | orders the increase is from 3d to sd. and for the 20s orders it is from 3d to ! 6d. The object of the action taken in Australia was stated to be the pre- ( vention of any increase in postal ; money order business during the present financial stringency. Auckland postal officials understand that the ] change in New Zealand was made in sympathy with that object, and to prevent New Zealand being used as a channel for Australian transactions in a way which might retard the readjustment of the exchange position with London which it is desired to effect. It is stated to be unusual here for the money order system to be used for the transfer abroad of large sums. No announcement has been made by the New Zealand banks of an increase in the exchange rates on London to correspond with the new Australian rates announced this week. No definite restrictions are in operation here apart from the economic one contained in the variation of the exchange rate. KAURI GUM BOARD INCREASING PRODUCTION A report stating that the improved prices of the past few months had resulted in an increase in the number of diggers on the fields, was submitted to the monthly meeting of the Kauri Gum Control Board held this week. A petition from 26 producers requesting the openiiig of the Black Swamp at Mangawai for general digging was forwarded to the Auckland Land Board. ** It was reported that a substantial quantity of chip gradings produced at the board’s cleaning works at Penrose had been sold during the month. The indications were that a ready market awaited these clean chip gradings. Reports received from abroad dealing with the use of the board’s clean chip gradings in the nitro-cellulose lacquer and varnish industries, and samples of lacquers, lacquer texture finishes and varnishes made from the chips, were submitted. The information received was of a very encouraging nature as to the use of clean chip gum in lacquer manufacture and opens possibilities of a valuable market being found for the lower gradings of kauri gum, which constitute the bulk of the remaining supplies, and which can be produced in large quantities. PUKEKOHE STOCK SALE From Our Own Correspondent PUKEKOHE, Thursday. A large yarding of cattle and a Rill yarding of pigs came forward today at the stock sale at Pukekohe conducted by Messrs. Alfred Buckland and Sons, Ltd. All lines sold well, while in fat pigs the price of £ 5 was reached for prime heavy baconers. This is the best price for Pukekohe and neighbouring yards for a long time. A pen of four heavy baconers from Mr. C. Hartley, of Runciman, was boLight by the Nikau Bacon Company at this figure- In beef cattle heavy fat cows and heifers realised £9 2s 6d to £lO 17s 6d; lighter, £6 15s to £8 15s; fat steers, £ll to 12s 17d 6d; three-year and four-year forward steers, £ 9 to £ll 4s; 18-month to two-year steers, £6 17s; store and boner cows, £2 30s to £5 10s; bulls, £4 10s to £8 3 ss. In dairy cattle good cows and heifers, close to profit, brought up to £l3; calved heifers, £8 10s to £l2 10s; aged cows and backward heifers, £7 to £8 15s; heifer calves, £2 15s to £4 10s. In pigs, heavy baconers realised £4 14s to £5; medium baconers, £4 6s to £4 10s; light baconers, £4 to £4 3s; choppers, £2 12s to £5 6s; heavy porkers, £3 8s to £3 335; medium porkers, £2 16s to £3 3s; light porkers, £2 9s to £2 13s; small and unfinished porkers, £2 to £2 ss; large stores, £2 to £2 7s; smaller stores, £1 15s to £1 18s; good slips, £1 9s to £1 12s; smaller slips, £3 4s to £1 7s; best weaners, 19s to £1 Is, and smaller weaners, 11s to 3 4s.