INDIA, AUSTRALIA, AND CHINA-INDO-EUROPEAN TELEGRAPH. 415 DIRECTORS: Governor-Sir STAFFORD H. NORTHCOTE, Bart., M.P., 86, Harley Street, W. Deputy-Governor-Sir CURTIS MIRANDA LAMPSON, Bart. (C. M. Lampson and Co.), 64, Queen Street, Cheapside, E. C., and Rowfant, Crawley, Surrey. Eden Colvile, Esq., 9, Fenchurch Build- | Baron John Henry William Schröeder ings, E.C. (J. H. Schröeder and Co.) George Lyall, Esq., Headley Park, Surrey. Richard Potter, Esq., Standish House, Edward W. T. Hamilton, Esq., 32, Upper Offices-1, Lime Street, E.C. Warehouse-Lime Street, E.C. 509.-INDIA, AUSTRALIA, AND CHINA SUBMARINE Incorporated under "The Companies' Acts, 1862 and 1867." FIRST SECTION FROM CEYLON TO PENANG.-Capital, 350,0007. in 17,500 shares of 201. each. Established for the purpose of extending, by submarine cables, the telegraph system of British India, now terminating at Point de Galle, in the Island of Ceylon, to the Straits Settlements, and to Australia and China. The cables were constructed and laid by the India-rubber, Gutta Percha, and Telegraph Works Company (Limited), for 325,000. The balance of 25,9007. is considered sufficient for advertising, legal, and engineering expenses, for stations and instruments, and for working capital. DIRECTORS: William C. Cartwright, Esq., M.P. Thomas Hughes, Esq., M.P.. 33, Park Sir James Lacaita, K.M.G. William Fothergill Cooke, Esq., Director of the Electric and International Telegraph Company. OFFICERS.-Secretary, James Ford: Consulting Electrician. Sir William Thomson. F.R.S.; Engineer and Electrician, Cromwell F. Varley, M.I.C.E.; Solicitors, Wilson, Bristows, and Carpmael, 1, Copthall Buildings, E.C.; Bankers. The London and Westminster Bank, Lothbury, E.C., and its Branches; National Bank of Scotland, Edinburgh (London Office, 37, Nicholas Lane, E.C.), and Branches. Offices-53, Moorgate Street, E.C. 510.-INDO-EUROPEAN TELEGRAPH. Incorporated under the Limited Liability Acts, with a first issue of 17,000 shares of 251. each, amounting to 425,000. The line was opened on the 31st of January, 1870. OFFICIAL DIRECTORS: General Von Chauvin, Director-General | Wm. H. Barlow, Esq., F.R.S., Member of of Telegraphs of the North German Council of the Institute of Civil EnConfederation. General Von Lüders, Director-General of gineers. DIRECTORS: Chairman-The Hon. ROBERT GRIMSTON, Chairman of the late Electric and International Telegraph Company. burg. Wm. H. Barlow, Esq., F.R.S.. Member of | L. Oesterreich, Esq (L. Knoop), St. PetersCouncil of the Institute of Civil Engineers. A. Delbrück, Esq. (Messrs. Delbrück, J. H. Gossler, Esq. (Messrs. Joh. Beren- W. E. Quentell, Esq. (late of Messrs. Charles B. Skinner, Esq. (Messrs. Jar- J. Herbert Tritton, Esq. (Messrs. Bar clay, Bevan, Tritton, Twells, and Co.) 511.-INTERNATIONAL FINANCIAL. Incorporated under "The Companies' Act, 1862," by which the liability of each shareholder is limited to the amount of his subscription. Capital, 1,500,000%. in 150,000 shares of 101. each. It was reported in January that the securities had, as heretofore, been valued at the lowest market prices on 31st December, 1869. The net balance of available profits, after deducting all charges, amounted to 42,056., out of which a dividend was declared at the rate of 5 per cent. per annum, free of income-tax, and the balance of 4,5561. carried to next account. Half of the proposed dividend having been paid by way of interim interest in July last, the dividend payable would be at the rate of 28. 6d. per share. The balance sheet to 31st December showed totals on both sides of 1,049,564. The paid-up capital amounted to 750,000l., the amount due on deposits, &c., to 237,5087., the reserve fund to 20,000l., and the credit to profit and loss account to 42,0567. The report for the 31st December, 1870, recommended a dividend of 2s. 6d. per share, or at the rate of 5 per cent. per annum, which left 5,2781, to be carried forward. The dividend at the corresponding date of 1870, was also at the rate of 5 per cent., the balance then carried forward being 4,5551. The securities held by the company are valued at the lowest market price on 31st December, 1869. DIRECTORS: Chairman-ROBERT AMADEUS HEATH, Esq. (Heath and Co.) John Frederick Flemmich, Esq. (Messrs. Junius 8. Morgan, Esq. (Messrs. J. S. Baron Herman de Stern (Stern Brothers). OFFICERS. Sec., Walter A. Michael; Auditors, Robert Palmer Harding and Edwin H. Galsworthy; Solicitors, Bircham, Dalrymple, Drake, & Co., 46, Parliament Street, S.W.: Bankers, Glyn, Mills, and Co., 67, Lombard Street, E.C. Offices-60, Threadneedle Street, E.C. 512.-LANCASTER WAGON. Incorporated under the provisions of the Act, 1862, with liability limited to the amount of the shares subscribed. Capital, 200,000l. in shares of 51. each. 17,575 have had 51. called up, and on 5,565 the sum of 31. per share has been paid. Of 23,140 preference shares of 51. each, created on 26th March, 1868, none have yet been issued. This company is formed for the purpose of building wagons, carriages, and other rolling stock, either for sale or to be let on hire, to railway or mining companies, coal owners, merchants, and others engaged in the carrying trade. DIRECTORS: Chairman-EDWARD DENIS DE VITRE, Esq., M.D., Lancaster. One-third of the directors retire in every year at the meeting in March. OFFICERS. Sec., John H. Charnley; Manager, W. C. Shackleford; Solicitor, Lawrence Holden. Offices-Lancaster. 513.-LAND AND SEA TELEGRAPH CONSTRUCTION. Capital, 500,000, in 100,000 shares of 57. each. Formed for the purpose of constructing and maintaining land and sea telegraph lines. It will start unfettered by the enormous annual and other incumbrances, and unproductive capital which have prevented existing companies from supplying efficient lines of telegraphy except at high prices. The works for insulation of the conducting wires will embrace all the most recent improvements, and will be carried out by Walter Hancock, Esq., C.E., whose experience and service in this department of telegraphy are so well known, and with whom the company propose to enter into a contract for the necessary machinery. DIRECTORS: Rear-Admiral Lord Frederick H. Kerr, 42, Tregunter Road, S. W. W. J. Haslam, Esq. (Messrs. Haslam, Henry Salusbury Milman, Esq., 11, New Thomas Page, Esq., C.E., Mem. Inst., F. Du Pre Thornton, Esq., Union Club, With power to add to their number. LIVERPOOL TRAMWAYS-LONDON FINANCIAL-LONDON STREET. 417 OFFICERS.-Sec., Andrew Stein; Mechanical Engineer, George Fenwick, Gateshead-on-Tyne; Solicitors, Brady and Ward, Union Bank Chambers, Carey Street, Lincoln's Inn, W.C.; Bankers, Bank of England. Offices-3 and 4, Great Winchester Street Buildings, City, E.C. 514-LIVERPOOL TRAMWAYS. Incorporated by 31 and 32 Vic., cap. 167 (31st July, 1868), to construct certain tramways in Liverpool. Length, 9 miles. Capital, 120,000. in 107. shares and 40,000. on loan. By 33 and 34 Vic., cap. 176 (10th August, 1870), the company was authorised to construct new street tramways to Toxteth Park. Length, in single lines, 13 mile. New capital, 12,0007. in 107. shares, preferred and deferred, and 3,0007. on loan. Application is being made to the Board of Trade under "The Tramways Act, 1870," by a "street" company, for provisional order authorising construction of tramways within the borough and parish of Liverpool; also on quays of Mersey Docks; and in the townships of Everton, West Derby, and Wavertree; running powers over the tramways of the Liverpool tramways; powers affecting corporation of Liverpool, and other local authorities. It may also be mentioned that the Town Council of Liverpool has approved of a recommendation for the purchase of the lines of tramway which are being formed between the town and its suburbs. 515.-LONDON FINANCIAL. Capital subscribed, 2,000,000l.; paid-up, 1,178,4877. It was reported in July, 1870, that the liabilities amounted to 179,6007; but, deducting the cash balances of bankers, 11,6957, they would be reduced to 167,9004, being 47,000. less than at the half-yearly meeting in January. The association held full paid-up securities of undertakings in the United Kingdom to the nominal amount of 2,159,7157., viz.:-debentures, 233,7657. debenture stock, 193,5207; Lloyd's bonds, 183,5407; preference shares, 724,0207.; and ordinary shares, 824,870. It was reported in February that the liabilities amounted to 167,5561.; but, deducting the cash at the bankers, viz., 12,5607., they would be reduced to 154,9957., being about 13,000l. less than at the July half-yearly meeting, or a total reduction of liabilities during the year of 60,000l. This is without reckoning the bills receivable in hand, representing 57,5007. The accrued or accumulated interest amounted to about 100,000, and 8,7207. had been received during the six months in 5 per cent. debenture stock under Parliamentary sanction. The association holds fully paid-up securities upon undertakings in the United Kingdom to the nominal extent of 2,182,1751., spread over about twenty railways and other undertakings. DIRECTORS: Chairman-JOHN BORRADAILE, Esq., Gloucester Place, Portman Square, W. E. Ehret Dyson, Esq., 18, Elvaston Place, James Fraser, Esq. (Messrs. J. & L. Fraser London. John Hackblock, Esq. and Co.) OFFICERS.-Manager, J. B. Dunn; Sec., John Henry Koch; Eng., J. H. Tolmé; Auditors, John Ball and Robert Tucker; Solicitors, Maynard, Son, and Co.; Bankers, City Bank, Threadneedle Street, E. C., and Bank of Scotland, London Office. Offices-South Sea House, Threadneedle Street, E.C. 516.-LONDON STREET TRAMWAYS. Incorporated by 33 and 34 Vic., cap. 171 (10th August, 1870), to construct street tramways in Holloway, Kentish Town, and other northern parts of the Metropolis. Length, in single lines, 8 miles. Capital, 100,000. in 107. shares, preferred and deferred, and 25,000. on loan, with power to create and issue debenture stock, Arrangements with Metropolitan Street and Pimlico Peckham and Greenwich. No. of Directors-6; minimum, 3; quorum, 3 and 2. Qualification, 2001. John Humphreys, Esq. William White, Esq. William Morris, Esq. DIRECTORS: William Sheldon, Esq. 418 LONDON TRAMWAYS-MARSEILLES, ALGIERS, AND MALTA, ETC. 517.-LONDON TRAMWAYS. Formed under limited liability with a capital of 250,000%. in shares of 10%, for the purpose of consolidating the Metropolitan Street and the Pimlico Peckham and Greenwich Street. The former has constructed lines from Brixton and Clapham to near Westminster Bridge, and received 97,500l. in shares of the consolidated undertaking for a like number of its own shares; and the second company is to be paid its actual outlay for so much of its authorised lines as are yet constructed-namely, the first section of the Greenwich line from Blackheath Hill to New Cross, and part of the The remaining balance of share capital, with continuation to East Greenwich. 70,000%. of debenture capital, will, it is stated, be sufficient for the completion of the entire schemes, and to leave an adequate margin for working capital. The original shareholders are to be allowed one-half of all profits beyond 6 per cent. per annum that may be realised by the consolidated company. The powers of this company under the Acts of Parliament obtained will comprise 25 miles of street, partly single, but principally double lines. DIRECTORS: William Evans, Esq. (Director of the | A. J. Mundella, Esq., M.P. John Humphreys, Esq. (Director of the James Reynolds, Esq., Pembridge Gar- OFFICERS.-Sec., John Foulston Hunt; Brokers, Walker and Lumsden, 9, Old 518.-MARSEILLES, ALGIERS, AND MALTA TELEGRAPH. In connection with the Anglo-Mediterranean and the system of Submarine Telegraphs in alliance with that company's lines. Incorporated under "The Companies' Acts, 1862 and 1867." Capital, 200,0001. in 20,000 shares of 10%. each. The object of the company is to establish and work a direct line of telegraph between Marseilles, Algeria, and Malta, in accordance with a concession granted by the French Government, under Imperial decree. The company's lines will afford to the traffic between France, Egypt, India, the French colony of Cochin China, China, and Australia (which would otherwise have to traverse 1,300 miles of land line through Italy), the same reliable communication with those places as Great Britain will possess by means of the Falmouth, Gibraltar, and Malta Telegraph. Chairman-His DIRECTORS: Excellency M. DROUYN DE LHUYS. Sir James Anderson. Baron Emile D'Erlanger. Lord William M. Hay. OFFICERS.-Sec.. John T. Burt; Eng.. Latimer Clark, C.E.; Solicitors, Bircham and Co.; Bankers, Glyn, Mills, Currie, and Co., 67, Lombard Street, E.C. Offices-76, Palmerston Buildings, Old Broad Street, E.C. 519.-METROPOLITAN CARRIAGE AND WAGON. Capital, 300 0007. in 30,000 shares of 10%. each, with power to borrow 50,000. This company is established for the building or purchasing of engines, carriages, wagons, and other rolling stock, and the disposing of, leasing, or hiring of the same to railway companies, colliery owners, freighters, and others, and it has purchased, and carries on the business and manufactory of, the firm of Messrs. Joseph Wright and Sons, at Saltley, near Birmingham. DIRECTORS: Samuel Thornton, Esq., Oakfield, Bir- William E. Everitt, Esq., Finstall, Broms- Thomas Phillips, Esq., Edgbaston, Bir- mingham. Birmingham. mingham. James Watson, Esq., Carr's Lane, Birming ham. O. L. Browning, Esq., Weoley Park, near Chief Office-Saltley Works, Birmingham; London Office, 85, Gracechurch Street, METROPOLITAN STREET-MIDLAND WAGON-NATIONAL DISCOUNT. 419 520-METROPOLITAN STREET TRAMWAYS. Incorporated by 32 and 33 Vic., cap. 94 (12th July, 1869), to construct street tramways in Lambeth, and other parts of the metropolis south of the Thames. Length In single lines, 5 miles. Capital, 120,000l. in 107. shares, deferred and preferred, and 30,000%. on loan, with power to create debenture stock. By 33 and 34 Vic., cap. 173 (10th August, 1870), the company was authorised to construct several extensions throughout Lambeth. Length in single lines, 5 miles. New capital, 30,000l. in 107. shares, deferred and preferred, and 7,500. on loan. Arrangements with Pimlico Peckham and Greenwich. No. of Directors-6; minimum, 3; quorum, 3 and 2. Qualification, 2001. William Evans, Esq.' John Humphreys, Esq. DIRECTORS: Charles Oppenheim, Esq. 521.-MIDLAND WAGON. It was reported in August, 1869, that an interim dividend at the rate of 10 per cent. per annum had been declared out of the profits of the half-year ending December. Although the profits of the year show an excess of the amount proposed to be divided, the directors in the face of a continued depresed state of trade, could only recommend the payment of a similar dividend for the half-year ending 30th June. DIRECTORS: Chairman-WILLIAM OWEN, William Allen Boulnois, Esq., 6, Waterloo William Alexander Adams, Esq., Newbold Esq., Clifton House, Rotherham. Henry Griffiths, Esq., The Mount, Edg- Joseph Scrivener Keep, Esq., Westmere, Thomas Short, Jun., Esq., The Grove, OFFICERS.-Secretary, Henry Bridges; Auditor, V. W. Houghton. Offices-Birmingham. London Offices-1, Broad Sanctuary, Westminster. 522.-NATIONAL DISCOUNT. Subscribed capital, 4,000,0007.; paid up, 797,880.; reserve fund, 497,880. The gross profit for the half-year ending 30th June amounted to 110,250%., and that after providing for current expenditure, directors' and auditors' remuneration, and reserving 35,9591. for rebate of interest on bills not due, there remained, with the balance of 2,2641. from previous account, the sum of 66,3271., out of which was distributed 63,8304 in the payment of a dividend at the rate of 16 per cent. per annum, free of income-tax, carrying forward 2,4971. to next account. The report for 31st December, 1870, showed an available total of 69,958., including previous balance of 2,4977. Dividend at the rate of 17 per cent. per annum, absorbed 67,8194., and left 2,1897. to be carried forward. At the corresponding period of 1869 the distribution was at the rate of 16 per cent. per annum. The deposits held are 9,152,3757., an increase of 1,094,4777. The paid-up capital and reserve remain respectively 797,8801. and 497,8807. DIRECTORS: Chairman-FRANCIS WILLIAM RUSSELL, Esq., M.P. William James Thompson, Esq. OFFICERS.-Sec., Richard Price; Man., Robert Pullen Webber; Auditors, James Morton Bell and Joseph Robert Morrison; Solicitors, Thomas and Hollams; Bankers, The Bank of England, and Union Bank of London. Offices-33, Cornhill, E.C. |