COMMERCIAL.

Taranaki Daily News, 30 June 1919, Page 5

COMMERCIAL.

THE NATIONAL BANK OE MEW - ZEALAND. ' ',, By Telepaph,—Pw« '' Ti.. wi. , „ I*»don, Jm» «T, ihe National Bank of New %¥p3 "■at year made a profit of £282,432. premises were written down by £BS,i 000, £ SOOO was allowed for doprectodoa - of investments, and was allowed to staff bonuses. A final dividend making 12 per cent, and a bonus of Cfte per cent, were deducted, £20,000 addal to the reserve fund, £7500 to the gata' % fund, ajttd ,£64,932 was carried**. ward. - *- •• » LONDON WOOL SALES. 4 . .. , London, June 87. At the wool sales there waa K ood competition for all sorts. JVatte and Belgium continue to operate. *&,££ Tfc. » "J? ut the at *endanco tidmutr. The Bradford market is strong format, ■ . but there is little forward busineis «£• ■" fenng. Pri oea unchanged. """"""

QUESTION OP SUPPLY AND HOOK v

. Received June 29, 5.5 p.m. ~,, ~ London, June 28. At the adjourned meeting of the Wool. Council Mr. Goldfinch state* thatTn abundant supply of wool was the sUt waj to secure cheapness. The Govern. men had juimied fts duty in spect, but, unfortunately, the increased BU p p i y of ™ £ accompanied by a the suoply of tops. There would be a S v ?«T p ? M 5 i ! it7 io nn - v Bection °f hLr ♦'l a - V,ng or P reTe "ting a larger ou t pu t 0 f tops, whereof a weekly ™PPI.y of twenty-two million pound, "•as imperative. The output of ton. was. „ ow seventeen million, as compared witn a minimum of nineteen million when supplies were lowest. Under audi' condemns the Government's industrial lie t Uue ar e^t therkei,lPriW3WOuU : Mr Raynor, failing to find a wonder ''■ Withdrew Oiis motion to revise the iW "f price*. Apparently nobody was prepared to incur popularity in recommend. K, p vi e . r,uneiitto9eintß^w

The Labor representatives moved uS Immediately afcwidon the auctions; introducing Government control throughout . also a departmental committee inquirv ■fie T" en and «• trncie. The speakers protested that prices were rising, despite the fact that stocks were uiweasing, yet every socKm, of the trad,. diedalnS/rroflSrin?"? Worker could not afford fiOs for ,U rait. Mr. Goldfinch's resolution demand' £d »» iwpnrr as far reaching as the Coal Commission. It also proposed to wttelpate the commission's rfport ft' immediate national control. The council ****«*£% arv basis but the Laborites delfid 2£n he ™ ,untaj ? -V*m would b«™ " be borne by the mo* patriotic traZ ■' The Government announced that Sir A. Geddea was .prepared to eecura P* r < hamentary sanction for the rtepTwol ' «ary U reduce the woollen necessaries. votw to*!? 0 !* T 9 " i * aw * *l7 . votes to 13. It was agreed f« IaZEE »P»*««njt all interstate V consider a whole-hearted t*tJt*» mm*. -»■