The week ended November 22 has seen a steady demand for nets, and as a result the 38-40 fringe nets have advanced in price.
A few firms, to make an extra profit, are buying nefs not subject to examination and foreign firms are cautioned against dealing with irresponsible firms.
U. S. dollar exchange is very favourable, and as the Chinese New Year approaches, a good opportunity is offered to buyers from the U. S. to make advantageous purchases.
The market quotations hair nets to-day are as follows Mex. market price Chefoo, cie $3.05 3.30 3.70 4.40 5.60
U. S. Shipping and Deferred London, Nov. 25.
In connexion with the proposal that United States shipping should participate in the trade between the Far East and British and other European ports, the "Times" states that the difficulty in regard to deferred rebates (which are! illegal in the United States) has" been removed.
Representatives of United Statzs shipping interests have expressed and mineral acids. The scope of their willingness to join the Con-: o¢ ference, and also to practice the System of deferred rebates. It appears that the wide powers of the new American Jones' Shipping} Act permit American vessels to] practice methods in world trades outside the United States which are still unpermissible there. An agreement on the subject will shortly be signed.—Reuter.
Ewo Dividend At a meeting of the Consultin: Committee of this company, hel on Wednesday, it was decided that, after providing for the interim dividend of Tls. 22, which absorbed {Tls, 440,000, the—shareholders should be recommended to apporion the balance at credit of Profit and Loss Account on October 31, 20, of Tis- 1,693,429.54, as follows To pay dividend on preference Tis. shares at rate of 7 per cent. per annum 28,000.00 pay a final dividend on 20,000 ordinary shares of Ts. 68 per share 1,360,000,00 machinery 109,000.00 Write off plant and Write off buildings 50,000.0¢ write off water supply 218. write off furniture 1,000.00 Write off debenture in astment 2,500.00 add to" special repairs and renewals fund 50,000.00 give to war funds 29. 22 pay bonus to staff at mills 50, add to Chinese superannation fond 20,000.00 account 11,710.94 carry forward to new Tls. 1,695,409.54
Text read from the printed page and cleaned; old type leaves the occasional error.