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Leader (1850-1860), 19th February 1859, Edition 2 of 2, Page 27, free of income-tax, with a bomis of 2s; ...

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      At The Half-Yoai'ly Nicotine: Of Tlie 10...

      riated The revenue for the half-year had improved hv 2 593 ' over the corresponding period of 1857 . It was proposed by the directors that the shares should be consolidated into stock , at the rate of 10 / . per share . Some discussion took place , but it was of a friendly character , and the report was adopted . unanimously . A dividend at the rate of 4 per cent , per annum was declared at the half-yearly meeting of the Kingston and Hitchen Railway Company , on the Kingston and Shepworth Extension Consolidated Stock . The half-yearly meeting of the Stockton and Darlington Railway Company , on Monday , went off satisfactorily . The report was unanimously adopted , and the following dividends , payable on the 23 rd inst ; ( less income-tax ) , were declared : Fiveper cent , on preference A and B ; 6 per cent , on preference B and C ; and 9 £ per cent , on ordinary shares .

      The half-yearly meeting of the Northern Counties Union Company was held on Wednesday . The chairman announced that the suit with the North Eastern had at length been brought to a successful termination . The proposed division of 2 s . 8 d . per share -would take about 7 , 000 / ., leaving a balance in hand of about 7 , 000 / . The directors did not expect to be hi a position to continue the half-yearly payment of Is . 4 d . per share . The report and dividend were agreed to . At the meeting of the Midland Railway Company , held at Derby on Wednesday , the report was adopted , and a 51 per cent , dividend declared .

      A general half-yearly meeting of shareholders in the Lancashire and Yorkshire Company agreed to a dividend of only four per cent . The directors took credit for reducing the dividend to meet the legitimate expenses of the company .

      ¦ V^K.B/.^ :F!B»Btyallt : ,19, ^ : :. I8...

      ¦ V ^ K . b / . ^ : F ! B » BtyAllT , 19 , ^ :. I 869 . i THE LEADER . 251

      Bedtord, Pottonj And Cambridge. A Public...

      BeDTORD , POTTONJ AND CAMBRIDGE . A public meeting held at Cambridge , the Mayor in the chair , has expressed approval of this project . It proposes to extend the Bletchley and Bedford branch of the London and North-Western from Bedford to Sandy , which is already connected with Potton by a line constructed by the late Sir William PeeL The new company proposes to purchase or lease this little line , and to carry their railway On from this point to Cambridge , forming a junction with the Eastern Counties at the bridge on the Hills-road . French Railways . —The following are the last returns of the gross receipts of the principal French railway's , from Jan . 29 to Feb . 4 : ^— . ¦ ; ' Corres . Passengers . Goods . Total . week . ¦ . last year . Northern ........ 269 , 170 749 , 486 1 , 018 , 002 1 , 017 , 031 Western ........ 291 , 491 .... 462 , 659 ...-. 754 , 150 .... 037 , 378 Orleans .. 2 a 5 , 332 783 , 255 .. .. 1 , 068 , 587 944 , 447 Strasbourg 251 , 504 .... 748 , 754 ... . 1 , 000 , 308 1 , 000 , 308 Paris to Medit . . 436 , 620 1 , 182 , 6 ( 58 1 , 610 , 204 ... . 1 , 370 , 081 Southern 93 , 816 283 , 741 377 , 557 245 , 003 Lyons to Geneva 16 , 706 17 , 398 .... 34 , 104 .... 10 , 232

      Free Of Income-Tax, With A Bomis Of 2s; ...

      free of income-tax , with a bomis of 2 s ; 6 d . per share . Notwithstanding the general stagnation in 1858 , the business of the company has exceeded the original calculation of 200 , 000 ? . per annum . The net profits for the half-year have been 2 , 171 / . , At the half-yearly m eeting of the Berlin Water Works Company a report was presented , showing very slow progress in their operations , and a deficiency on the six months of 343 4 s . 7 d / . The revenue was however improving ; and it was hoped that the disas

      JOINT-STOCK COMPANIES . A meeting of the European and American Steam Company took place on Saturday , Mr . Austen in the chair . The accounts with Messrs . Croskey are still before the arbitrators . The negotiations for the permanent employment of the ships of the company in the transport of troops to India or for their sale to the Government have ceased for the present , the Council of India being unwilling to accept the terms proposed . The issue of new debentures has not met with the success that had been anticipated , but , from the directors and their friends having subscribed to meet pressing claims , the financial position of the company is thus far satisfactory .

      Several proposals having been received for tho purchase of some of the company ' s ships ; a resolution was passed empowering the board to accept any offor that may appear advantageous . Tho meeting of proprietors of tho English , Scottish , and Australian Charterod Bank was held on Wednesday . Tho dividend declared , out of a balance of 13 , 568 / . * was at tho rate of 4 per cent , per annum , leaving , after deductions , 2 , 008 / , to be carriod to tho reserve fund , thereby increasing it to « , 0 CO / . The operations for the half-year havo been loss favourable than was expected , a result which is ascribed to tho high prices maintained for gold for transmission to this country , with the consentient edict upon tho oxehangos . Tho directors *

      report wns adopted . The pocond ordinary general meeting of the British and Irish Mugnotic Telegraph Company whs hold on Tuosday at Liverpool . The balnncefilloot allows the total working expenses for the halfyear to lie 41 , 578 / . Ds . HO . } tho interest on loans and dividend for yoar on termjnnhlo preference snares ( clnas B ) , 6 , 990 / . Us . Cd . Tho receipts aro 7 S , 83 fl / . Sb . 8 d . j the balance available for dividend « n shares ( classos A and C ) to 31 st JDeoombor uoing 13 , 001 )/ . 16 s . 4 d . ' At a mooting of tho Lands Improvement Company . Sir Charles Rich , Bart ., in the chair , tho rol »> rt was adopted and a dividend declared for the pnst half-year at tho rate of 0 per cent , por annum ,

      lowering of the pipes , so as to prevent future - ters , would enable them to obtain the confidence of the population of Berlin . It was stated by the chairman that they ' . had every prospect of obtaining an extension of the ' company ' s privileges , and that there was a stipulation that , at the end of the concession , a valuation should be made of the property , so that the shareholders might be reimbursed , in the case of the Government wishing to take over the company ' s works . The report was adopted .. .

      The Inter-Colonial Royal Mail Steam Company have lately received very favourable advices from Australia , where their vessels had commenced the postal service between Sydney and the various ports in New Zealand . The colonists were very pleased with the steamers , and the establishment of an efficient communication had given general satisfaction . .. .

      Money Market And Stock Exchange.

      MONEY MARKET AND STOCK EXCHANGE .

      Friday Evening. The Continued Dullness O...

      Friday Evening . The continued dullness of the market for public securities , when the great abundance of money and the little demand for it , with a general appearance of prosperity , all tend to a rise in prices , is a strong testimony to the uneasiness which the conduct of the French and Sardinian rulers continues to excite . Inanition is the character of these ; markets , both at home and abroad . On the Stock Exchange to-day , and , indeed , for three days past , scarcely a bargain has been made ,: and only those who have to rieiterate similar or routine facts , day after day , can have much to write . Telegrams from Vienna arid Paris brought information to-day of lower prices or stagnant markets from both places , which helped to make our markets flat and drooping . Consols were at 95 f or % all dayand other stocks remain in their former

      , Condition . For money there is no demand , and the terms are about the same as . last week—2 per cent , tor the best bills , as nobody is willing to force the market . For this stagnant , and to all dealers unpleasant , condition , only the Emperor of the French and the King of Sardinia and liis minister are considered responsible , and there is growing astonishment at the / fact that power should be given to such . persons to disturb all Europe-East India Stocks are somewhat in demand , and India Debentures are firmer . The financial condition -of our empire in Asia is not regarded as extremely unfavourable , in spite of the demands—not so large as were anticipated—which it makes , through Lord Stanley , on our money resources . Bullion continues to arrive from many quarters , and there is no want of this usually considered most precious commodity . 1 .. ... . . directed in the week to

      Attention has been properly the great cost of the Post Office Mail Packot servicevery nearly a million sterling . The sum would not be begrudged were the . service well performed ; but it is not ; and ,. meanwhile , wen arc aware that with freedom , trade could organise a service much cheaper , and far more satisfactory , than that of the . Government . This stands , as it were , apart from trade , and the two do not always take the samb course . Letters and passengers are , in the main , consequences of trade , and should follow its routes . They could at least help ono another nxoro efficaciously than they are helped by Government ; . BANK oJFeNGLAND . An Acoount , pursuant to the Act 7 th and 81 h Victoria , cap . 32 , for the week ending' on Wednesday , the 10 th day of Fobrnury , 180 " . ifiSUE ntfPAIlTMEJJT . . Notes Issued £ 33 , ( l 30 , 33 ( . Government Debt & ll , 0 ir > , i <) 0 Othwr Securities .. : t , 45 t ) , ooo fjoltl Coin ifejiiillion w , oni , iiao mvw UuUlon .... ie : )») fta » ,: wi . ¦ i i 3 : j , oyi » , 3 yi ) HAS IU KG 1 > U PA UTM EN'T . I ' mprlotovri' Cnni- Oovonimcnt Hocu-( iil ., in 4 , M >; i , 000 i'itJi-M ( including Kt'tft . 3 , MD ,: W 1 IMid Weight i ' ubllo DcnowltH ( In Annuity ) .. CJ 0 , 000 , 1-17 eluding I 2 . schi- Other { joourUk'H .. 10 , 'Hy ,-l < M quor , Buvlun ' rt' IS OU «« liJ . olW / Wi'i I tanks , Commit * - Uolil tuul bilvcr hloncrH of . Nil- Coin OiW . flW lipunl Dub I , niicl JDlvldond Account h ) 7 , ^ 0 , 5 . V ) Other DcpobltH .... M , ft . 'J 8 , aUN Sm't'ii L > iiy ami other IUIIn ?\\[) , W . U 4 U , S 7 I / I «\! rfI-J ( i H 7 l ,-l W ] \ r . MAKSITALL-, Chief Cuwhlor . Dfttod Feb . 17 , 18 / W . ¦

      Tim Piedmonthhb Loan.— »It Is Rumourod,"...

      Tim Piedmonthhb Loan . — » It is rumourod , " says Gulignuni , " that M . Charles Lafiltto ; tho bunker , and two English houses , are about to undertake tho Plodmonteso lonn , "

      From The London Gazette. Tuesday, Februa...

      FROM THE LONDON GAZETTE . Tuesday , February 15 . BANKRUPTS . William Tibbs , Ketland , Rutlandshire , parcainent and leather manufacturer . . . . Johst . itisoTT , Maidstone ^ draper . ...-. ; James Windsor Slego , Stroodj near Rochester . Judah Costa Davis , and Charles , Minories , foreign importers and merchants . Thomas Rattray , Commercial-road , Middlesex , ironmonger * William Goodman , Birmingham , leather merchant . William Fowler , Bradford , grocer .

      Friday , Feb . 18 . Joshua Scott , cloth manufacturer , Thackley , York * shire . , William Williams , grocer , Newport , Monmouthshire . . Joseph Gibbons Vickers , licensed victualler , . Liverpool . William Henry Newton , builder , Stratford . Samuel Dawson , worsted manufacturer , Wakefield . Thomas Cotjlson Taylor , house decorator , Conduitstreet , Hanover-square . William Botjld , boot maker , Wolverhampton . James Pitrssell , confectioner , Cornhill , and Hernehill , Surrey . John Langdale ; innkeeper , and butcher , Bronipton Bernard Polak , foreign importer and dealer , Broadstreet Buildings . Richard Henry Longstapp , draper , Brewer-street , Somer ' s Town . Edward Hewitt , corn-factor , late of Chatham *

      SCOTCH BANKRUPTS . John Drew Ewtng , property agent , Glasgow . Alex . Gray Simpson , coalmaster , Glasgow . David Low ERSKiNE , farmeri Drumkilbo , Perthshire

      The Nesv Russian Loan.—-Representatives ...

      The NeSv Russian Loan . — -Representatives of the banking firnis of Baring , in London , and Hope , ir Amsterdam , have arrived in St . Petersburg , to make arrangements for that part of the new Russian loan not to be disposed of within the frontiers of the Empire . The negotiations at their present stage are enyolped in mystery . The Lesseps Sgheme . — -M . Ferdinand deXesseps left Paris on Wednesday , for Alexandria ; for the expressed purpose of commencing the works of the Isthmus of Suez Canal . A grand farewell dinner was given to him on Monday by the directors of the

      concern . •; A Tins IiivERroor . Chamber op Commerce . —At an adjourned meeting held oii Monday , a memorial to the Board of Trade , in support of the bill promoted by the Mersey Docks and Harbour Board , for power to borrow 300 , 000 / . for additional dock works on the Liverpool side of the Mersey , was agreed to . it was stated that the opposition to the bill which had sprung up was neither from parties connected with the port nor from the manufacturers of Lancashire or Yorkshire . At the sam q meeting , Messrs . Torr , Birch , and Heath were elected members of the council of the chamber in place of those retiring .

      Newfoundland Fisheries . —A statement has been made to the effect that the Governments of Prance and England have arranged to appoint Commissioners to investigate the Newfoundland Qsheries dispute , in . which the late Government , it is said , gave undue advantages to France . A commission such as is proposed would be able to ascertain the real facts of the cape , and we should hope that future negotiations on the subject would thereby bo rendered more just and easy . Austrian Submarine Telegraph . —The negotiations between England and Austria , relative to the construction of an electric telegraph from Ragusa to Aloxandria , have terminafod , and a

      convention has been concluded on the subject . Austria undertakes to lay cables between Ragusn , Corfu , Zante , Gandia , and Alexandria ; that is , to lay ono cable containing three electric wires between each of the places mentioned . The estimated outlay being 500 , 000 / ., England ngroos to guanxnU ' c , for i \ period of twenty-five years , ono-hnlf of an interest of 6 per cent on that sum . It is agreed that nil tho cables shall be laid within eighteen mouths , but the Austrian Government is resolvoil , if rtosniblo , to complete tho telegraph from Ragusa to Alexandria \

      within one year from tho month of May . yu « trials only bound to lay ono cable , but it 13 think ing ot having three . Tho cables botwoen J-Jutfiisu and Corfu , and Corfu and Zuuto , are to be down in the course of this year . Mr . Urott was the original contractor with tho Austrian Government , but ho is said to have eoilud his rights to Mr . Nuwall . Whoa tho electric telegraph is complete ) it will bo transferred to an Anglo-Austrian Company , the composition of which is oxuotly spoelflod in tho convention .

      Hatton to HTU . vrroRD-ON-AvoN . —This now lino of railway will brnndi out' nt the llatton station oi tho Groat Western Hallway , and will bo about , nine and a hall' miles in length . . The oatlmutml cost in from 70 , 000 / . to 80 , 000 / . Tho mixed kuuk'O wiU . m : laid throughout , as thoro Avill bo three stations botweon Hatton and ( Stratford .,

  • Citation
    • Leader (1850-1860), Feb. 19, 1859, page 27, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_19021859/page/27/