The Age from Melbourne, Victoria, Australia • Page 6

0 THE AGE. WEDNESDAY. FEBRUARY 27. 1052 THE EXCHANGES iVO DIVIDEND 830,000 Now in Hand for Board Loan Falls and Sales m4fl AND FINANCE Industrial Shares Show More Signs of Recovery Industrials again showed signs of a recovery on the Stock Exchange of Melbourne yesterday. Although falls were twice as numerous as rises more interest was shown in active issues.

Expenses Cut Georges Profit Heavily increased expenses have cut profits of Georges Ltd. and directors have omitted the interim ordinary dividend changes were downward. Al ward. Broken Hill South re- company to its former level. Leaden were steady with several gaining.

Trading generally was quiet. Tbitry-three of the 104 moves In general Investments were rises. Repco showed the biggest loss on the day's trading, tailing 26 to 546. Repco new was ottered 3 lower at 54. Ballarat Brewery fell 2 on a selling quote and Amalgamated Wireless sold 19 lower at 283.

E.S. and A. Bank and E. T. Brown receded 16, with Ansett Transport and Bitumen and Oil losing 13.

rails of 1 were recorded by David Syme, East African Coffee, Gunnersen, H. C. Sleigh new, Kelvinator, Knox Schlapp, O. J. Nilsen, Prestige, 5 per cent, preference and Standard Cars 7 per cent, preference.

Tasmanian Board Mills rights showed the biggest gain for the day, adding lid. on a buying quote of 16, Australasia i Paper rose 8d. to 271, and the new to 269. Broken Hill Pty. added 6d.

and the. new 2d. Dunlop gained 8d. to sell at 329. First sales of Cameron and Sutherland rights were booked at 16.

Despite a downward trend the mining section generally was quiet. Silver-lead eased, three of the four moves being down- TUESDAY, FEBRUARY 26 106 (20OI. Nestles, 3SS (1001 N.Z. For, pf 146 (6). O.

Cablel, 133, 136 (1900), O. Tyre, 14,8, ij uauu); pi, uy, di (200). O'aeas Corp, 196 600). Pac. Chen, 53 (400).

Paperhold, rta, 1 (800). Patersons. 126 dOO). Peiaco, 129. 128 1200).

Prestige. 5 Df, 19 1200). Raleleh. 63 (100). Regent 106 (700).

Repco, 55, wo, m- (M3). Hing-urip. 7 (200). R. Bryce.

11 (100). Rub tex, 12 (200). R.V.B. 106 (500). S.

COOKE, 25 (500); pf, 196 (5001. Spec. Preas. 136 (200); 18 1100). Stan.

Cars, ex dlv 1. 20, 1911, 20 7 pf, 25 1200). sucex. 76 (600). swallow ana ju (iuu).

res. Boara, (200): rta, 1. 16 (350): nf. 20 (600). Thompsons, 256 (100).

iimcer ngia, so uuu). i. riper, 243 6001. Trofan. 103 1200).

Tweedslde, 22 (100). Utd. Prov, 119(1001. Whale Ind, 410 (100). lator.

aa. a3 iwu). MINING. B.H. STH, 58 6, 57 1750).

Mt. Isa, 49, 48,6 1400). New B.H, 329 (300). Nth. BH, 796 (150).

Mt. Lyell, 223 (400). K. Lumpur, 403 iiwt. ocn, wj, so, 4 (9001.

Ronpibon, 34 (200). Zircon, 246 (100). A. GOLD 40 (2). Cent.

Norse, 158, 137 (500). Gold. Plat, 73 (1300): nd, 64 1400). G. Western.

611. 7 (1100). Linden. 12 (200). Mom.

Star, 15 (100). Deborah, 179 (100), Western Corn, 96. 95. 96 1300). Assoc.

Aust. OH, 42, 41, 42 (300). UNLISTED STOCKS. A. PAPER, new, 56, 55, 56 (3600).

A.C.I, new, 45 (100) Whippet, 29, 211, 210 (300O); new, 17, 16 (900). 'Indicates small lota. Sydney COMM. BK. OF SYD, 22 4.

C'malne 258. Swan, 12. Tooth. 77. Llthgow Col, 246.

Aust. Gas, A. 133. Elect. L.

and 386. North Shoro, 176. Merc. Mut. 64.

Q'land, 786. S. pd, 80. Vanguard, 64. Assoc.

News. 126: pf, 16, Truth, 24, Newcastle 19. A. E. GOODWIN, 196.

A. O. Healing 1710a. A. Ball.

123. All. Accept, 36. Amal. W'lesa.

299. Ampol. 76; rts, 2d, A. Hordern, pf, 226. Archer.

56. Assoc. Pulp. 256. ASO0.

Rural. jf, 21 Assoc. Sec, 116 A'aslan Pap, 276, 27; new. 26'9. 26'6.

Aust. Cotton, 4, 311 Aust Cons. Ind, 466, 463; new, 46 Aust. G'tee, 2ti6. 263.

Aust. Ovp-aum, 27. Aust, I. and 5, 29. Auto.

Tot, 316. Bebarfalas 24. Beetle. 32. Bit.

and OIL 42, 416, 42. Bonds Ind, pf, 226 Brad. Cotton. 316. Braemar, 13.

Brit. Tob, 376, 379. B.H. Pty. 45; 34.

Bryson, 12. Buck-lnghams, 64. Bldg. Cons, 310. 39.

Burlington, pf, 18. Burns, Phllp, 626, 63, 629. CALDWELLS, 286; 1st Canada Dry. 173. Carpet Man, 30.

CO. Amalg, 33, 229. Ctmp-mans. 106. Casben, 7.

Col. Sug 52 5... 52 38, 52 46 10, C'wealth Wool 216. Com-tex. 3u Cone.

Ind, 33 Con structore. 59; new. 36. Cooper 7. Cooce, Jorg, 25, 24-6.

Courtaulds, 149, 14. cox Bros, 57. Cullen, 73. Cyclops, 119. David Jones, 366.

Draw off, 61 Drug H. 396. Duly, Hans, 36 Dunlop pf, 376. Elect. Cont, 86.

Email, 134. Elect. Bine 27r, pf. 259. F'MEAD 41.

Farmers. reit. lext. Jlo, 319. r'ea Br.

6 '9. F. G. O'Brien, 123.1 r. Clark.

5. F. J. Palmer, 85. t.

Walker, 151 s. P. W. Hughes, 186. Gadsden 11, Gen Ind.

429. G. J. Coles, 17lls. U.

Edgell, 349. Greens rrod, 4,2 Groo, Gen, 55. Hardle ru, 74. Hast. D.

Flo, 17. H. P. Gregory, 6. ICIANZ, 383; pi, 226.

Ind Steel, 11 Inter. Prod, 149. Ira Berk, 63, 6, J. E. Austin, new, 29, J.

Sandy, 61. John McGratb, 59, 610; rts, 34. J. Vicars, 25. Kennard, 146.

K. Harris, 10. Koltak, 60. LANES, 68. L.

Hoax, 16. K.L Tract, 20. Neave, 119. steel, U. Line 66.

LOlurua, 711. L. Burlng, o3 Mcuunuia. 353. McDowells, 55.

MciluralLUS, to, iuuinguard. 43, 42. Marco, 66. M. Clara, 1st pi, 20.

3oo. Mason (, 2. Mait. Thuuip, Bll, 92. Met.

furl. Cem, 13. Morm Dk, 41 Nat. Bay, 6 10. Nat.

r'urn, 45. useas corp, 19. Pac. Acc, 16(2. Paperhold.

rta, 15, 1OVi, 13. Patons 243. P. Lloyd, al. Plerwooa, 86, Porter, 93 fresluent, 5a.

Presna, 76; new, 7. KAVA, 310. R. H. Cunnlngnun, 73.

Retail Disc, new, 4,6. ft.M. Cone, con, a. Rex In 41. Roaen, 2U6.

R. Reld. 276. Rud-UiK, 11. Sargood 186.

buu-nerdale, 13. dtan. Cars, 19 196. Stott Uud, 76. oyd.

CO, 58. Syd. a'tee, 38. Tas. ba, rut, 7a, 9d.

Taubmaus, 179 lecnlco, 236. Tboiu. Unuth, 10. Tltnorol. 349.

Tuilocns, 14,6. Tuti tit-yant, 26, 42. vesta 193. ve-loy, 53. W.

UazeU ug, pi, 21. Whale ind, 46. Wuitilicld, 216. w. H.

Paling. 23 Wilcox Moil, 54. vV'wortiiS, 18. Prop, ord, 46. W.

K. Carpenter, 15 Mi: LYELL, 223. Mt. Isa, 48. New B.H, 32.

Nth. B.H, 79,4, 79, 76U. B.H. Sth, 67, 569. Great 7.

Mt. Morgan, 22. N.O. Gold, 19. Peko.

1. lOd. Placer Dev, 2010. Wellington. 25.

Amal. Tin. 29. Austral Amalg, 179. Austral.

Malay, 179. Kampong 276. Lurut, 206. OU Search, 39, 311. Orlomo Oil, 1 King Is.

Sch, 476. Pioneer Sch, 46. Assoc. Aust, 4. Tungsten, 102.

Adelaide NAT. BK, 126: pd, 189, 188 B. Fisher. A pf, 241. El, Smith.

24, 242. S.A. Gas, 20,5 Adel. Steam, 227. Galr.

316. Advertiser, 15,8 S.A. Brew, 148. Adel Rope, rts, 106 B.H.P, new, 336. Colton, 6.

Courtaulds, 14. Scurre, 103. Patons, pf, 203. S.A Rubber, 129. MT.

ISA, 49. B.H. Sth, 58. Apex, 2d. Cent.

Norse, 159. C.G. Areas, 2d. Dorla. 21, 2, 21.

O. Gold, 64. H. Mundy, 5d. Imperial.

K.I. Sch, 486. 484,4. L.V. Star, 224, 223, 225, Merloo, 4.

Mt. Morgan, 22. Norse, 119. Nth. Kalg, 188.

Oil Sch, 39. B. Nth, 13. Phoenix, pd, 215. Pioneer Sch, 46, 42.

S. Kalg. 109. Sturts Meadows, Tungsten Cons, 10. 911.

Wea-bers. 29. W.M. Corp, 98. Wolf.

Hill. 68. UNOFFICIAL. S.A. Perp.

For, pf, 295. Cent Sch, 16. Terr. l5.i. London LONDON.

Feb. 25 Broken Hill Consnl Zinc. 28; pf, 154li. Gold Fields Aust. Dev, 6d.

Kamuntlng, 11 '9. Lake View and Star, Mt. Isa. 38. Mt.

Morgan, 173. New Broken Hill, New Guinea Gold, 16. N. Kalgurll, 153. Far-lnga, 6d.

Wlluna. 59. Directors report that, although sales volume has been maintained for the half-year to January 31, net profit has been cut largely by reductions in allowable profit margins and bv heavy increases in expenses. Mr. H.

A. PITT, Chairman Georges Ltd. In view of changed the directors consider it inadvisable to declare an interim dividend on ordinary shares. Vigorous steps, directors state, have been taken to adjust the operation of the store to meet the conditions now existing in Australia and overseas and to restore the profit-earning capacity of the Hawkes Sales Up But Dividend Reduced Gross sales of Hawkes Bros Geelong, for the half year ended December 31, 1951, exceeded the total for the similar term last year by 146.582. Directors add that rising overhead expenses are being covered by the Increasing volume of sales.

However, directors state, they are using every means to keep check upon contro.labie expenses, without imparing the service necessary to maintain the expanding turnover. Interim dividend for the half year has been reduced from 5 to 4 per cent. Consolidated and Northern Star (Victoria) receded 1. Two oil issues. Oil Search and Associated Australian Oilfields, gained small amounts.

Commonwealth Bonds were irregular four rose and two fell on an increased turnover of 212,000. Payments for the corresponding term of 1SOU. NETTL PAPER CONVERT- ORS interim old ord. 5 p.c, payable Mar. 21; books 12 to 21 inclusive.

PETERS ARCTIC DELICACY CO. interim half-year, 34 p.c. (last year int. final 5, bonus 1 2-3) books Feb. 29.

VACTRIC ELECTRICAL APPLIANCES interim half year, 2'4 p.c, payable Mar. 12; books 7. Directors report a substantial increase in sales during the six months to December 31, 1951, and satisfactory profits resulted. Further products are to be added auring-the coming six montns. VICTORIAN PERMANENT BUILDING SOCIETY, interim half-year, 114 p.c, payable Mar.

17; books, noon 8 to 16 inclusive. For 1950-51, 44 p.c was paid, Including interim of 2 D.C WOOLWORTIIS HOLDINGS interim half year. ord. and D.c. (steady), ayabie about April 16; books Mar.

14. Commodities SOFT FRUIT SALES SLOW Soft-fruit sales were slow at the wholesale market yesterday and, despite price reductions, there was a big carry over. ReanK: French. 20. 30.

F.S.H. Beet: Red. 3, 46: silver. 3. 4.

cabbage, 6. 8. uarrora, o. o. Lettuces.

4, 6. Parsnips. 6, 8. Peas. 50.

54. Radishes, 3. Rhubarb. 5. 6.

Tomatoes, 14, 20, spec, to 25. Turnips: White. 3. 4. FRUIT CHANGES: Bananas.

50, 60, spec, to 65. few to 70. Canteloupes, 10'. 16, F.H. Grapes: Sultana, 18.

24, few spec, to 28: muscawl. 20, 25, few spec, to 30; Walthams. 30. 35, few spec, to 40. Passlonfrult.

14, 20. few spec, to 24. Peaches: Yellow, 14, 20, few spec, to 30. Pears: Williams. 14, 18, spec, to 22, F.H.

PRODUCE POTATOES. Arrivals, 24 trucks. ONIONS. Arrivals, two trucks. CHAFF.

Arrival, one truck. Courtaulds to Commence Soon; Fall in Sales Weather, Mails and Shipping The first factory building at Tomago, N.S.W, for Court- Motor Business Maintained Directors of Bryson Industries Ltd. report that during the first half of the current financial year, despite shipping difficulties and other problems, business was maintained and financial results were satisfactory. Demand for Jaguar cars continues, and the company's other activities are operating satisfactorily. Directors are confident that results for the financial year will at least equal, and probably exceed, the previous year's results.

The company recently acquired almost all the shares in Continental Finance Co. Pty. which conducts a substantial hire-purchase finance business. This new subsidiary is operating at a good profit rate. The company also recently acquired the franchise for New South Wales and Victoria of the Lambretta motor scooter.

In December last the company acquired a leasehold property in South Melbourne. All service and maintenance operations are now carried on In this building. Rises, KISLS INVESTMENTS. Comm. '213 0 3 A.H.C..

14 0 6 Ausl. Paper. 271 0 8 new, 269 0 10 Aust. N'prlnt, 183 0 1 A. Pnper 249 ..0 3 Bendlx, 6 0 1 B.

H. 458 0 6 new, 342 0 2 Containers, 20 0 1 Cox 58 0 2 Dunlop, 329 0 8 Fetter, 510 0 1 Fowler 189 0 3 W. Hughes. 186 0 3 H. c.

Sleigh. 343 0 3 H. H. Webb, ru, 2 0 1 Holeproof, 63 0 3 Ind. 10 0 1 Kelly.

279 0 3 Line. 7 0 2 Mic. 116 0 2 Mul. Moore, 193 0 3 Matt. 3 0 1 Moran.

22 0 6 Olym Tyre, 21 0 3 Pac. 33 0 3 Patons, 24 0 6 Stan. Cars. d. 1, 20 0 3 Tas.

16 0 11 W'bottom, 293 0 3 MINING. New B.H.. 329 0 2 K. Lumpur, 403 13 Golden 6 4.. 0 1 Assoc.

Aust. Oil, 42 0 2 Oil Search, 38 ..0 3 UNLISTED STOCKd. Whippet, 210 oi new, 16 3 FALLS INVESTMENTS, A. 67 16 126 pd 19 s. 0 6 20 pd 31 s.

0 6 Oeelong Gas 256 0 6 Ballarat 43 2 0 Carlton, 396 a 0 3 M. 1610 0 2 Swan, 123 04 Union Trust, 366 a. ..0 3 Mcl 209 0 3 Adel. 278 0 4 A. Healing, 176 0 3 Amalg.

less, 283 1 9 Ansett 8.9 1 3 Apac, 256 0 6 A. Jennings, 108 0 5 Bit. and oil, 416 1 3 Braemar, 12 '10 0 2 Ungtin. 246 a 0 3 Collieia, 73 0 3 Collier 36 OS I.O., 47 0 3 Cons. Felt, 79 0 3 Courtaulds, 143 ..0 8 Cyclone, rts 79 0 3- Davld Syme, 236 1 0 E.

Air. 29 1 0 Edmenta, 92 0 1 E. T. Brown. 296 18 Felt 319 0 2 P.

J. Walker. 151 0 2 O. J. Coles, 172 0 2 Green 6 0 6 Gunnersen, 21 10 H.

c. Sleigh, new, 25 1 0 H. B. Smith, 20 0 3 Herald." 1411 0 1 Humes. 349 0 3 IC1ANZ.

226 1 Ind. 199 0 3 Ind. pf, 1911 0 2 Jason. 1111 0 1 Joe White, 1810 s. 0 4 J.

Mcllwrnlth. 216 0 1 K'nator. 9 10 K.M. Steel, 12 0 3 Knox 306 10 416 0 6 new, 186 0 6 Martin. 64 0 1 McEwans, 159 0 4 M.V.

Coaches, pf, 18 a. 0 1 Myttons. 476 0 6 Nat. Bag. 66 0 6 Nat.

105 0 1 Nestles, pf, 386 0 3 O. J. Nilsen. 34 1 0 Olym. Tvre, 143 8 O'seas Corp, 193 s.

0 4 Paperhold. rta, 1 0 6 Peiaco. 128 0 1 Prestige. 5 pf, 19 1 0 Repco. 548 2 6 new, 548 3 0 R.

Bryce, 11 0 6 Rubtex. 12 OS S. Cooke, pf, 196 0 6 Stan. Cars. 7 pf, 25 1 0 Swallow.

39 0 3 Thompsons. 256 0 6 Wlatnr. 55 0 4 MINING. B. H.

Sth, 57 2 6 Mt Isa. 486 1 3 Nth. B.H, 796 4 0 King la. Sch, 47 1 0 Ronpibon. 34 2 6 Tableland, 25 8.

0 6 Zircon. 246 0 3 Al Consul, 57 1 0 Cent. Norse, 137 0 1 Emperor, 86 a 0 6 Gold 73 0 3 Mon. Hill. 49 0 3 New Coolg, 7 a 0 1 N.

Deborah, 179 0 3 Nthrn Star. 36 1 0 Western Corp, 98 0 2 SALES AUSTRALIAN LOANS. 2, '53, 100 139 (30001! '59. 96 15 '60. 96 39 6000); 62, 95 76 '63 94 10.

94 39 '64, 92 139 (53.000); '65, 93 15. 93 176 3960); 3.i. '56, 98 126, 98 139. 98 126 (4220); '57. 98 39 '58, 97 126, 97 10, 97 126 71001; 55-58, 97 10 (10.890): '59, 97 89 (10.200); '60, 96 163, 96 IS, 111.0001; '61.

97 (80001; 3i. '54. 100 76 (50); '65. 100 63 61001: lnt.ded, too 63 (7000); 3', '34, 101 63 '55, 102 63 (200). DEBENTURES, ICIANZ, 4 TO, 93 10 (1000); SEC, 4 '61.

100 (600): Met Bd, 3. '55. 100 (100). INVESTMENTS. COMM.

213 (700); pf, co. ca a ot a it Col. pi, 26 (200) Geelong, 256 (1001 Poster Brew, 266 iiuu), m. uo-op, loii. leiu (400).

Swan, 123 (1150). Mc-Ilwralth. '209 (200); 22 (100). a lcf unri ev a unAi ft Healing. 176 (loo) Amalg.

W'less. 29. 283 300). Ansett 89 (100). Aust.

Paper. 266, 271 ((150): new, 26, 269 (1400). A. Cons. Ind, 466.

49'6" (139). A. FV Inv, 39 (1210). Aus. I.

pf, 296 (100). Aust. Nprlnt. pf, 183 300). A.

Paper pf, 249 (150). Auto 611 (200) Aviation, 203 (100): BEARINfl 8, IS (Snni apnrfl. 6 (500) Oil 42, 416 (200) Braemar, 1210 200). B.H. Pty, 45.

456 2700): Lond. del, 45 (400); new. 3311. 342 (11001. Brown.

Dur pf, 19 (100). Cameron as Sut, rta, 16 (100) Clark Matt, 3 (400). Cleckheaton. 20 (200). Colliers, 75, It.

73 (7800) Colortone. 66 (2100). Comm (nd pnsos, 47 (200). Cons. Text, 54 (100).

C'talners, 30 (900): Pf, 20 (200) Courtaulds. 146, 143 (1000). Cox Bros, 39. 38 (iioo). Cyclone, rta, 8, 79 (3081.

DAVIIl SYME. 238 200). Dun- 10.Si322 ,,0) E. Afr. Coffee, 29 1400) 0.1 09 if 2) n'ct iiX" 121,01 EMAIL.

13 '3 152 Tfxt- 32'. 319 i Walker. 151. 152. 151 1400).

Freighters 106 (1500)- w- GADSDEN 11 111 (400) O. Coles. 173. 174, 172 900) McC" 8 l20, H. B.

Smith, H- Sleigh, new, IK "fV193 ,20) "Hereld," 13, 1411 iioo). H. Webbs. mSs. a mm- Holeproof, 63 349 1200).

ICIANZ. 28 (300 nf. 22s isoni im gt- 10 (500): pf, 199 (1001 pi, zu IBn (300). Pm- Mctlwrelth. 31 6 200).

.1. Sackrllle. 0 (300). KAURI, 393 (200) Kltv K-n-torK8eJiyi. 9 "00 Knox f-fnm W.6 in'' li5Ii.M1!tl,.T!lS.',")- Me- NAT.

BAG, 86 1300), Nat. Subscriptions to the 1,100,000 loan of the Melbourne and Metrooolitan Board of Works have now reached 830.000. This leaves only 280,000 left to be subscribed. The loan opened on Monday. Tile secretary of the board Mr.

C. P. Trathan. said yester day that nresent indications were that the loan might close within a few days. MR.

W. T. W. BALLAN-TYNE, a senior executive of the Armstrong Slddeley Aero Engine Company of England, members of the Hawker Slddeley Aircraft Group, who arrived in Melbourne recently. He Is here for discussions with Australian air officials and members of the U.K.

Ministry of Supply, In connection with a project at Woomera, equipped with his firm's Jet engine. Mr. Ballantyne, who will be visiting Woomera, expects to be in Melbourne for about one month. Electro. Zinc Lifts Dividend Tho Electrolytic Zinc Com pany of Australasia Ltd.

has raised lis interim aiviucuu. On May 9 the company will pay 9d. a 5 unit (18 per cent.) on the 8 per cent, cumulative DarticiDatlng preference stock and ordinary stock. Books close Marcn 12. For 1950-51, before the shares were subdivided, the company paid 35 per including Interim of 10 per final of 10 per cent, and bonus of 15 per cent.

Bracks Hold Production Bruck Mills (Australia) Ltd reports that orders on hand are satisfactory and full produc tion is maintained. Results for the half vear to December 31, 1951, are gratifying, directors state. for more than 50 years, despite increasing costs to the banks in maintaining current accounts. Operating expenses have risen to such an extent during recent years, the banks add, that they have now been left no alternative but to Increase their In future the foe will be charged on current accounts (including advance accounts) irrespective of the balance maintained. Exchange Rates The Commonwealth Bank of Australia advises that the following direct rates Australia on overseas countries for telegraphic transfers on February 26 were: Centre Buying Selling s.

d. 8. O. Australia, on '0nftrkA 1Ml0 "dol. 2.2274 2.2126 Montreal, dol.

Bn to A1 2.2274 2.2126 N.Z., A to 100 N.Z. 124 0 0 124 10 8 P1)100P1J1 Ill 2 6 113 0 0 Africa A to 100 A. 124 5 9 125 13 9 Belgium. fr to A1 112.76 110.59 Denmark, kr. to A1 15.58 15.30 France (met.) fr.

to A1 782.87 Noumea. fr to A1 141.50 Holland. gulll. to A1 8.501 8.369 Norway, kr. to A1 16.10 15.82 Sweden.

kr. to A1 11.659 11.474 Switzerland fr to A1 9.791 9.674 Hong Kong. dA to dol. 18 39-64 18 59-64 Ceylon. dA to 93.A4 VI 13-18 Singapore Pakistan, dA to rupee 32 11-64 32 11-16 Ind.

dA to rupee 22 21- 64 22 49-64 Strike at Cement Works Settled Metropolitan Portland Cement Ltd. reports tiiat production recommenced last Saturday after the recent strike at the Maldon works. The second unit is now In operation, directors state. I'EKSOiVlLS MR, REICHSTEIN (chairman) and MR. ARNOLD (preference director) of Industrial Engineering are leaving for overseas trips.

During their absence, MR. F. H. FOSTER wili aC- ch.nrman and MR. R.

N. VROLANO will represent prpfer.nc STTV THOMAS RUTHElt-FORP hns nefii appointed to the Hoard directors of Lan-sel' Close Pty. Ud MR. O. A.

3. TKMPANY has been appointed serrtary and accountant of H. Rowe and Co (Australia) to fill the vaancv caused bv the 'Rtire-ment ot MR, F. O. TAIT.

Banks' Accounts Fees Increased The Commonwealth Bank and trading banks of Australia have doubled their fees for handling current accounts. ceded 26 to 57, with North Broken Hill dropping 4 to 796. Mt. Isa eased 13. Tin as variable, three Issues falling and one rising on a small turnover.

Kuala Lumpur paid rose 13 to 403, and King Island Schee-llte fell 1 to 47. Ronpibon eased 26 to 34. Ten of the 11 small gold Dividend BEBARFALDS Interim p.c. (Last year final ol 6 p.c. made a total of 10 p.c, a rate paid for five years.) COLLIER-GARLAND interim half-year 3 p.c.

(steady), payable Mar. 31; bocks 12 to 19 inclusive. Directors report that trading for the six months to Dec. 31, 1951. was satisfactory.

GARTRELL WHITE Interim half year, pref. 4 p.c, payable Mar. 20; books 11. GAS FUEL COUP. half-year, 34 p.c.

p.a., together with arrears of 14 p.c, payable Mar. 31. INDUSTRIAL ENGINEERING old pref. 5 p.c. p.a.

for three months to Dec. 31, 1951; old and new, b'A p.c p.a. for three months to Mar. 31; payable Mar. 31: books 24: 5 p.c.

(steady), payable April 10; books 4. LION BREWING MALT ING CO. half year. 74 p.c. (steady), Including bonus oi -i'f, p.c, payable Marcn 27; books 13.

MAYNE NICKLESS inierim 74d. a 10 share 6'4 p.c, steady), payable Mar. 19; books 12 to 19 Inclusive. Direc tors report that business for tne six montns to Dec. 31, 1951, was of greater volume than aulds (Australia) Ltd.

been almost completed. Small scale production has for the processing of imported yarn, directors report, will commence shortly. Sales of rayon yarn in Australia on behalf of Lustre Fibres Ltd. were satisfactory early in the year. Later, for the first time for a number of years, supplies of yarn allocated were in excess of market requirements.

The company's house-building programme is progressing and adequate accommodation is available for all employes arriving from England. At present It1 is difficult to estimate the effects of rapidly rising costs on the original estimates for buildings and plant, directors add. Public Holding of Notes Of the total Australian note issue of 295,470,803 on February 6, the banks held 39,727,249, and 255,743,554 was in the hands of the public. Market Reports Page 9 TUESDAY, FEBRUARY 26 Cox 3 Cyclone rti David Syme jj i Coop. 5 Die Caiters 5 Drue Houses Durilop 58 76 Of I I 23 73 393 327 91 E.

Air. Coffee. 10 eamenis, a Electro. Zinc. 5 Do.

D. 5 Elect. 10 l'8 136 4.8 81 i 6.S K. Brown Felt Text Fetter. 5 F.

J. Walker. 10' Fowler 10 Pf I Foy. Gibson Freighters. 5 .1 2'6 P.

Hughes Gadsden 10 G. J. Colei. 5 Grpen. McC.

5 Gunnersen 511 Ji) 239 189 in 15'J 256 196 1116 0 187 112 "Hi 21 5UI lHt Hallhurton. 5 Harelip Trad. hardware. 10 H. Beecham.

10 H. B. Smith H. C. Sleigh new, 15 Henry Jones Henfd, 5 II Wuhh.

5. rta. 11 I i 36 15 313 24 5-19 149 1111 Holeproof, 3 Humes 1 Jason. 10 in whitr in Mcllwrnlth, 101 214 89 j. sacKvuie.

3 Johni Way. Johnson Leatn. M. Steel. 5 Knox Schlapp .1 Kraft Mntln .1 116 I an 1 33 J2 259 Do.

new, 5 am Pjp Lam! new, 3 Lanei. of Map. 10 ..1 Mai. Moore new McEwani. 10 Winerril 5 Moldex.

5 new. 8 IS9 47 116 2111 112 106 Moulded 5I new, 5 Coaches, pf. 5 tons Nat Rag. 5 Vat. Radiators.

5 Nat. 10 10 xd I1 Nntsi Brot. new 126 19 101 N1ten Oivm. 5 Oiym. Tyre.

Overseas Corp, Paetfie PanerholdlnRs, rti, Patenona. 10 Patnns A Bald. Pelsco, 10 31 195 129 193 126 nave ueciared an Interim dividend of 3-, px "A' and preference shares, payable on March 14. Trans. 9 ,7 Ma Rubber Estate Hampered by Terrorists Port Swetteniiam Rubber Co Ltd.

reports a croD ol 94(us in' for the six months ended cember 31, 1951, and for the 1 months to June 30, 1951, the crop was 240,46 10. The serious fall in the tl.w directors state, was caused by labor shortage on the Aus-tralasia estate as a result ot terrorist activities. In addition 'he Government. sponsored security measures have Involved the estate in heavy expenditure for reset tlement of labor in a protected area and for daily transport to and from the estate. Jalan Kebun Rubber Co.

Ltd. advises that the crop of rubber for the six montns ended December 31, 1951, was 63.396 D- which sold at an average ol on Straits aol. IA. 211). Higher Profits by Lino.

Co. Linoleum Holdings Syd. ney, shows net profit of 8240 lor tne year ended January 31, an increase of 2137. Dividend, raised from 53i i lni p.c, requires 8266, exceed ing the profit by 20. Carrj forward is reduced to 33.

Dividend received from the operating company, Michael Nairn and Co. lAust.) Pty. is 8 p.c. on 106.666, of 8533 compared with previoul 6 p.c, tlHUU. Directors of the operatini company state that Government financial restrictions are hav ing an adverse effect on sales, though there Is active public demand for linoleum.

Shortage of Indian hessinn has stooned the manufacture of printed linoleum. A limited quantity of printed felt bai is belne produced with help of the parent company in scotiano. tawunga. 22 Vic: Dock: Meadot bank, outer. East Oelhhrand Pier.

Wllllamstown; Merino. 2 Wharf: Mernoo, Reld-street Pt. rnrravuie; MOioa, Nona Wharf; Moldangpr, 2ft Souta Wharf; Myrtlebank. outer Eut Nelson Pier. Wllllamstown.

Naracoopa, 8 South Wharf; Ne ifomna oiar. aoutn wnan; nimous, soutn wnart. Parramatta, Inner East PrlncH Port Melbourne: Pioneer Bay, 13 Vic. Dock; Pioneer Sea, 11 Vic. dock; loneer star.

12 Vic. Dock; nri, i ouutn wnan; ron jown ville. Inner East Station Pitt, rort Aieioourne. River Derwent. 23 South Whirf: River Loddon, 9 North Whirl; River Mltta.

Yarraville; Rlw Murray, i vie. uock; RofbiDt 4 Vic. Dock. Saxon Star, Inner West Prlncti Pier. Port Melbourne.

Slthonli, 28 South Wliurf: Sneland I. vie. uock; suevic, ua- Ancno: ane. Tarnaui. Altona: Tekoa.

Oui West Princes Pier. Port Melbourne; Toscana. Outer East Station Pvt. Port Melbourne; Toulouse. Inntl r.tta& ueuiorana rier, Trevelyan, 21 Vic.

Doc! Afitigic, larravuie. UlOOlOO. 8 North Wharf Waimate. 11 North Wharf; Wt DcjiBiu. ju aoutn wnan; woniori, ouum wnan.

Egg Board Poll Counting of the 2250 void I lodged for the first election ol I two producer members to till I ERg uoara win be compietn tonlsht. The returning officer, Mr. S. I Mccoll, said last mgnt coum- ing for No. 1 and No.

2 anal I would begin this morning. The poll closed last night. Nelson; Eduar Russell Wui I (Third Court, Judqe sunora. i 10.30.) Trial: Harold James Shtf I ban. Sentence: John Raymond I Ward; Gerald Watson; Brian Stu ley Grant Phillips COUNTY COURTS.

(Eleventh Court, Judge Stretton. 10.30 jweooer v. Aust. smppi-j Board; Leach v. Tanner mil others; Edwards v.

ponir. i (Seventh Court. Judge Mow, I iu.ju. i ueanes mw- -i Pmvmi iriwrnlnn find anOtif" Mmlth Wil'U I Fifteenth C0UT-, I Jud'e Mitchell, 10.30 i-Bowen I Giles; Permewan Wright v. Kom I Haywood v.

Apps WORKERS' COMPENSATION BOARD. 10. Summary list. CONCILIATION, Chart House. (Mr.

BIsKMl 10 30 i Application (or mwird rt Professional Engineers emp.o!" I bv State In.strumentalltie-?" I heard. (Mr Austin, iuju.i-'-rated Union of Locomntlve Enjn( men and Commissioner for w-ways and others-appuj' i Mniinncnii-i hoard Donovan, 10.) Application ff' award In Metsillferous MlnlnilB'l dustry Mr Morrison. tl.l-Ff Preservers' Union and RobCIi sprvtng Co Ltd. (Seclon 14 nd-' ncation re claim for 3 assistant pickle maKer) I Morrison. 1 1.

)-Food Presertfj I Pty. Ltd and others (re sick tnll annua) leave). School Leaving MFi.nnt'RNR cJNniomi Leaving Modern Hlslorj. Mn. inio Al 70 11.

SI II R7 1212 38 71 82 00 1310 31 31 Att Kt 71 fit H4 eft tiio ,7 Si 02 68 Hi ISI0 25 28 li 'I 3B 80 71) 83 1710 11 32 SI 80 02 IJI 14 25 32 41 81 5 rniTNTRV MNiiinms. r.flvlnn Mortfrn Not. 1258 2014 27 21S0 88' 2201 30 31 77 91 2388 3C 38 43 84 2421 23 28 43 0 25m 18 25 28 27 33 58 WJ 07 32 33 40 44 87 60 SI 2701 II 30 4 2 4 5 8 7 01 04. (Auckland), noon, Union S.S. Co.

(MB2331). Mattawunga (Scandinavia), 5.30 a.m., Blrt, Elder Ltd. (MB291D; Myrtlebank (Colomboj, p.m., Howard Smith (MB371I) Sailing Tomorrow Boogabllla (Adelaide). Blrt, Elder Ltd. (MB2911 Pioneer Star (Fremantle), Wll-helmsen Agency (MU5906); Port Towndvllle (London), Glbbs, Bright Co.

(MB2241). River Derwent (Whyalla). Howard Smith Ltd. (MB37U). Wonlora (Devonport).

Holyman Sons Ltd (MX 11 96t in Port Abslrto. 17 Vic. Dock; Arena. 13 South Wharf; Astoria, 18 Vic Dock Boogabllla, IS South Whart; Borria. 13 North Wharf Charlburv.

6 Vic Dock; Cirrus. 19 Vie. Dock; City of Brisbane. 16 Vli. Dock: Colac, 13 South Wharf; Corlnda.

14 North Wharl. Desmoulea, Bay anchorage; Dongola. Duke's Dock; Dubbo 16 South Wharf; Dunedln Star, inner West Station Pier. Port Melbourne. Elsbeth Wlards, 29 Soutn Wharf; Evanthla, 18 South Wharf.

Flrenfea, 15 Vic. Dock. Garvelpark. 9 Vio. Dock; Gothic, 15 South Wharf.

Heemskcrk, 12 North Wharf; Heronspool. 23 Vic. Dock; Hu-runul, 5 Vic. Dock. Iron King, 2 Vic.

Dock; Iron Master. 3 North Wharf; Itaura, outer West Station Pier, Port Melbourne; Ivaran, 17 South Wharf. Jason, 7 Vic. Dock. a mon Yarravlllc; Karoon, 5 North Wharf; Kawaroa.

10 North Wharf; Kent. 8 Vic Dock: Koo-ralya, 14 Vic. Dock; Krnnvlken, 19 South Wharf. Laronah, 5 South Whart; Lor-lnna, 9 South Wharf. Manoora.

15 North Wharf; Mat Melbourne Quotations Lu LAW LIST-THIS DAY TODAY: SUN rises 6.1, MOON rises 7.51 TOMORROW: SUN rises MOON rises FORECASTS (Issued at 9 p.m., Tuesday, for following 24 hours.) VICTORIA. Pine, apart from early morning mist and cloud about the coast and hills. Moderate but rising temperatures. Southerly wind, shifting easterly- and later northerly. OCEAN.

Fresh to strong south to south-east wind and moderate sea in Victorian and Tasmanian waters and on the south coast of N.S.W. METROPOLITAN. Pine apart from early morning mist and cloud. Waimer day temperature. South to east wind.

The Tides TODAY. High Water. Low Water, a.m. p.m. a.m.

p.m. Port Phillip Heads 1.20 1.35 7.0 7.29 Wll down 4.18 4.40 10 29 10.51 Tooradln 2.43 2.5B 8.32 8.48 TOMORROW. High Water. Low Water. a.m.

p.m. a.m. p.m. Port PhUUp Heads 2.5 3.28 8.3 8.22 Wll'stown 5.2 5.22 11.12 na Tooradln 3.28 3.51 0.28 S.4S TEMPERATURE AT CAPITAL CITIES. Mai.Mln.

Max. Mln. Melb. 87 SO O'berra 68 51 Darwin 01 78 Hobart 70 48 B'bane 85 78 A'lalde 72 53 Sydnay 71 84 Perth 87 71 MAIL TIMES OVERSEAS Moll xlnta. o.

Elizabeth-street P.O. at the fol lowing times (Spencer-street 15 mln. later): BV AIR. United Kingdom. M.W.P, 9 4ft Sat nnnn.

a M.W.F.. 3 a.m.: (naroel'a). Tn 5 p.m. Canada and S.A. Tu.W F.

8 p.m.; (O.A.) Tu. 8 p.m.! (Parcels), Tu 11 a.m. NEW ZEAI.Afjn ip.nMl.i M. to 11 a.m.; M.Th., 5 (O.A.) 3 a.m.; M. to 11 am: M.Th., 5 p.m.; (letters) Su.

i p.m.; m. to p.m.; M.Th., 8 p.m.: Sa 11 a.m. BV SEA. United Kingdom and Cont. ot Eurone.

fitrnthprtan Mprh 3 and S. 1.45 p.m. America ana Canada. Alameda. Fel.

28, Mb p.m. A A IP ftin llncii, lala. Oorgon, Marcn 4, 1.45 p.m. Korea (Br. Com.

Forces). Alt. from 27th; each 2.45 p.m.; noon. fJif HIGH sets 7.5 a.m., sets 7.54 p.m. 6.2, sets 7.3.

9.2 a.m., sets 8.20 p.m. MOVEMENTS Due Today Canara (Bombay), 17 North Wharf. 6 p.m., Macdonuld Hamilton and Co. IMU870D; Culcairn (Cairns), Yarra ville, a.m., Patrick and Co. (MUS90L).

Eastern (Yokohama via Wellington), Bay anchorage. Macdonald Hamilton and Co. (MU8701); Ella-roo (Port Kembla and 3 Vic. Dock, a.m.. Broken Hill Ltd (MU8002).

Helenus (Olasgow via Albany), Outer West Nelson Pier, Williams-town, a.m., Sanderson and Co. (MU7561). Iron Knob (Whyalla and Oeelong). 11 North Whart, a.m., Broken Hill Ltd. (MU8002).

Oceania (Genoa via Fremantle), 17 Nortn Wharl, 6 p.m., Sanderson and Co (MU7561). Penrith Castle (Antwerp), Bay anchorage, Olbbs, Bright and Co. (MB2241). Tank Princess (Singapore). Outer East Princes Pier, Port Melbourne, p.m., Shell Co.

IMY200); Taroona (Burnle), Outer East Princes Pier. Port Melbourne. 8 a.m Union Co (MB2331) Due Tomorrow Anklng (Hobart), no berth yet. Sanderson and Co. (MU7561).

Hans P. Carl (Gladstone), no berth yet, Adelaide SS. Co. (MB3571). Imperial Star (Liverpool), no berth yet.

Blue Star Line (MUt417); Ixlon (Brisbane), no berth yet. Sanderson Co (MU7561). Malacca (Townsvllle), no berth yet. Olbbs. Bright and Co (MB2241).

Nordlo (Hobart), no berth yet, Dalgety and Co. Ltd (M1762). Sunnsnbrls (Sydney), no berth yet. Olbbs. Bright and Co IMB224D.

Due Friday Amicus (Newcastle). Miller Co pty Ltd. Blrchbank (New Orleans). Howard Smith Ltd. Chltral (London via Fremantle).

Macdonald, Hamilton Co, Eastern Saga (Adelaide). Blrt, Elder Ltd Manne (Gothenburg). Blrt, Eldpr Ltd. Taroona (Beauty Point). Union Ventura (London).

Mctlwraltn and McEncharn Solllnn Today ald Hamilton A Co. (MU8701). r.i-o'ui tv in rnR (nrnnvi. Sam Brit Eldpr Ltd. (MB2011) Hrienun (Rvdnvi.

3 p.m San-drraon Co Herons- Bra Kamonn (StrPMn), 11 am Union 8.8. Co. (MB2.731); Kawaro Commencing with the fee for the current half year, the charge for keeping a current account will Increase from 5 a half year to 10. The increased charge will be debited to accounts in June next. The banks state that the charge has remained unaltered Stock.

Presha. 3 Raleigh. 5 Regent 10 Repco new R. BrFce. 5 Rocke 5 Rockmans.

10 Rubtex. 57 .,.1 B. 5 63 1U.4 64 106 5.1 llS Slddona Forg. S. Cooke 5 26 46 136 Spec.

Press. 10 Stan fin 22 16 tO3 216 Tnnmiwnrn 256 56 246 106 Timber Hold. ,18 t. riper, Toppa. 5 Trojan.

10 Tweedslde Utd. Prov. 119 I 8.5 4lo'l r-. Whale 5 Wilcolalor, 5 Wm. Charllck.

5 Wm 5 Wm Haugh i bottom, 10 W'worths. 5 Yarra Falls Y. Carriers, 5 York Motors Zinc 4 49 49 30 293 179 53 37 296 186 83 536 II 4 4.6 I 36 MINING SHARES. SILVER-LEAD. B.n, 5 Montana Mt.

Ira New B.H., Nth. B.H. 5 COPPER. Mt. Lyeli TIN.

AC, Aberfoyte K. Lumpur, pd. King Is. Seh Ronpibon Tableland. Pf.

GOLD, Al CVmiol Autt Dev. A Gold Dev Cent. Norseman Cent. Vict Emperor G. of Kalg Golden Plat.

pd. 1 n. Boulder G. Weitetn L.nden Mon. Hill Mom.

Star Mt. Morgan New Cooleardie N. Deborah Nthn Star (V.) Vict, D'Pd Wat. Culiy Well. Aliuv.

Western rro. OIL. ftfl, AllOC. All't. Oil S-arch UNLISTED STOCKS.

A. Paper new A I new WhVt new 576 529 796 226 4li9 34 22 23 3 I M'i 1 6u 149 133 36 12'l 49 15 '6 'S'6 1'7 Indicates umall Iota. tAbridgert Pull list of all stocks called in the Stock Exchange of Melbourne win li published In Ate evert Thnrs-day. ITNIT TRUSTS. second Cons Unit.

149: 17 17Ui "cond Auit. Flex. 131 159; ulei. 159. RIK.I I Btoclt.

Barer, seller, AUSTRALIAN LOANS. 54 .10163 '55 F63 lUJti'3 I Buy. SelLJJ i. Com cial, 10.. Ed.

60 20 PAHTL. A FIN. Dennyi. Las GoidiOro, luUIiftllUI OAS. Eoloniat eelong Las Supply BKKWKBILS.

Bal.tr&t Carlton Fuller 10 Ewan, 5 SHIPPING, Mcliwiajth TRAM A RAIL. 6uv. Tram. 10 206 326 A Ac). Muton, 5 a .1 vcaiI.

in. A ma la. lets. 661 mpui, iff Auscit Trans. Apac Ind I A.ft.C.

10 And. Pulp 76 Auit. Pa dm 8 2-13 14 256 -I 13 new a. (Join. ma.

.1 A. Foun. 5. Auit Kill 5 A. Optical.

5 Autt. 3 iinmc simp. Bearing 10 uenoix, rv Bit. and Oil Brad. Cotton Bracmar.

10 Bilxnt, Hitch. Brit Too. B.H Ptj. new, 1.14 Brook j. Robin.

B'linston Cameron A Sut. rn Cap C. 51 Cliai. 10 dark .,1 v.i i.rn of 5 Bk 71 inrl. Gaiei .1 Corn 5 Corlo 5 Courtaulds.

10 Ml 3. '52 io.ir. 2 '54 N.v. 'iiq re3 hi'. B26 '56 'o7 R39 Sj.

-'SB ft mm 97yk 4.78 WS 1-3 ft: HIGH COURT. The Pull Court. (No, 1 Court. 10.30.) Commonwealth of Australia v. Arklay (part heard).

Not before 2.30. Lux ton v. Vines. SUPREME COURT. CIVIL JURIES.

List No. 1. First Court, Mr. Justice Martin and Jury, 10.30 Joshua Haltord part heard List No 2. (Twelfth Court, Mr Justice Dean and Jury, 10.30 Noll v.

Vines and another (part heard); Wlndley v. Daddo; Grieg Parker. CAUSES. (No. 2 High Court, Mr.

Justice Smith. 10.30.) v. McFar-lane DIVORCE. Del ended Fourteen th Court, Mr. Justice Sholl, 10.30.) Williams v.

Williams; Cameron Cameron: Ft tzsi inons v. Ft ussl mons. Undefended: (Thirteenth Court, Mr Justice Coppel, 10 30 Money; Hoiden; Price; Nalsbltt; Clark (511119): Casey v. Caspv and Lavlor; Smith (51785); O'Mara v. O'Mara and Bern: Perblus; Smith v.

Smith and Young (511272): Trlnder; McDonnell MISCELLANEOUS LIST. (Tenth Court, Mr Justice Oavan DurTy, 10 In the wll) of Florence Elizabeth Sharp i Judgment); In the will of Patrick Bourke (Juag-mcnt); In the will of William Henry Wood (Judgment). 10.30: McDonald Rlmon CHAMBERS. (Conference Room, The Chlel Justice, Sir Edmund Her inn. 10.30 I Urgent Chamber business.

Orders to review: Phillips v. Forsyth and another; Williams Flavrll and others Chamber business CRIMP, (Fourth Court, Mr. Justice Barrv. 10 an i Trtsl Richard James Wilson; Noel Richard Finch GENKKAL SKSrVONS. curt.

oaia Bk. 40.30 1 Trial: James ifcckwcth To plead: WillVim Henry Vlrkers; Archibald William Smltbi Trevor Montagu Cottman and Fredertrk Percy Slgg; Norman Alexander Till.