3 percent from the $11,477,000 reported in the fourth quarter last year, reflecting CanWest's increased interest in TV3.
In New Zealand, TV3's contribution to broadcast operating profit was $5,702,000 compared to $3,284,000 reported last year, reflecting the increased economic interest in TV3.
Consumer spending was an area of notable weakness last fall and early this year, largely in response to a substantial decline in real income; purchasing power was cut initially by the jump in oil prices, but it continued to fall even after oil prices were in retreat, reflecting the ongoing declines in employment.
Reflecting this shift in sentiment, sales of existing homes have risen substantially from their low in January.
However, by May, the ratio had retraced most of the run-up that began with the onset of the recession, reflecting the continued liquidation of stocks and an upturn in sales.
The sum of loans to foreign governments and C&I loans to foreign addressees, which includes many loans made to developing countries, contracted again last year, reflecting the ongoing retrenchment of international lending by U.
The volume of farm lending by banks (including unsecured loans to finance agricultural production and other loans to farmers and loans secured by farmland) rose for the second consecutive year, the increase reflecting in part the continued improvement in the farm economy.
A significant manufacturing advantage offered by 3M solar reflecting film, when compared with metal coatings, is that the film does not require use of a special glass coater.
Porsche also is using 3M solar reflecting film for the backlite in its just-released Cayenne SUV.
However, syndicates whose stand-alone expected operating performance, supported by the quality of their business position, is consistent with an A (Excellent) or higher rating level may be able to earn a Best's Syndicate Rating reflecting
the syndicate's specific strengths.