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JOINT-STOCK COMPANIES ¦
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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Straits- Some Polar , recently arrived , ia held much beyond market value . , Tubpbbttxne . —No arrivals or sales of rough have taken place . Spirits are difficult to sell , and 393 . Gd . to 80 s . accepted for American in barrels .
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The Londou a » d North-Western , Manchester , Sheffield and Lincolnshire , and Great Northern Kail way Companies have arranged by mutual agreement the ratea and fares for all competitive traffic . They are not so high as those in existence before tho competition commenced , and vre are assured that there has been on all sides n desire so to fix them as to give tho public a reasonable share of the advantage which tho existence of duplicate routes might be expected to afford them . All tho companies have agreed _ to exchange through rates , and as to cartage and invoicing arrangements for all non-competitive traffic over their very extensive systems ; also to rostoro tho triple agreement , to divide and arrange the Manchester stations , and to co-qperate generally .
The quarterly meeting of tho Bradford , Leeds , and Wakofleld Company v / aa hold on Tuesday , when tho report was adopted , a dividend after tho rate of li per cent , was declarod , and tho necessary authority to go to Parliament given . A dividend of five per cent , was declared at the meeting of tho Killawey Junction Company on Tuesday ; and on tho sanio day the half-yearly mooting of tho Limerick and Ennis was held , at which tho directors' report was adopted , and it was resolved to procood for tho recovery of calls unpaid . A number of shares wero forfeited . This line will be opened in a fortnight . The lino of tho Northern Bengal Cqmpwy from Rajmahal ( lncounoxion with tho Calcutta lino ) to jDarjooling , has received tho sanction of tho Bengal Government , and is to bo constructed for wilitasy and political jmrpuses .
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Fli . OM THE LONDON GAZETTE . Tuesday , November 30 . BANKRUPTS . Wmjliam Loton Oliver , Austin-friars , City , stock share , and . mining broker . George Cook , Saint Peter-street , Lower-road * Islington , grocer and cheesemonger . Johx Bowles , Colchester , Essex , millwright . Alexander Gibes , Bedford-square , stained glass painter . Richard Cleah Par-vist , Oxford-street , haberdasher and trimming seller . George Lewis , Clarence-place , Haekney-ioad , leather cutter and seller . ' Alfred Rolfe , Dorrington-street , ClerkenweH , timber merchant . William Collins , Roy don-terrace , City-road ,
linendraper . Thomas Coke Johns , Ne-w-street-square , City , and Sloane-street , Chelsea , printer . Henry Monumewt , Britannia Tavern , Caroline-place , City-road , victualler and tavern keeper . Robert Griffey , Stewkley , Buckinghamshire , cattle dealer . William Gledhtlt ,, Monkfrystone , Yorkshire , plumber and glazier . William Sheppard , Exmouth , Devonshire , shipowner and auctioneer . Frederick Spen-cer , Birmingham , mercer . Richard Phiuf , Okehainpton , Devonshire , watchmaker . Robert Wjlliams , Liverpool , joiner and builder Edward Nathaniel Eai . akp , Birmingham , plumber , glazier , and painter . Thomas Brvax , Liverpool , batter .
SCOTCH SEQUESTRATIONS . James Rbnton , Glasgow , plasterer . Apolpiius Maodowall , Ros » , Edinburgh , fanoy warehouseman . 8 rKPH « N Townsend , Portrce , Isle of Skye , general commission ngont . - George M'Kenjzxjb :, Glasgow , painter and papor-hanger . Archibald Menzibjs , Collender , Perthshire , hotel keeper . Friday , December 8 . BANBLltUPTCY ANNULLED . William Robinson URWH ^ Ncwcaatle-upon-Tyno , chain and iron merchant . BANKRUPTS . Edward Button , Gravaflond , butcher . John UrxoN , Brighton , plumber . John Nicks , Exotor , doalor and chapman . William Taylor , Newport , coal merchant . Wn . LiAM Marouant , Folketone , Kent , corn morchant . John Dyjsr Ruddock , Reading , Berkshire , upholstoror . William Hunt , Murkot-stroot , Manchester , silk » ud cotton manufacturer . William Watts , Manchoator , Imildor . JoaifiPW S * Mfl WABansp , Shofflold , merchant . William Wolix > x Hall , KitUlorminBtov , ourrlor . SCOTCH SEQUESTRATIONS . John Chalmrhs , JJlairgowrle , dnipor . ifftaunniOK Popb , Edinburgh , commission agent . fSSS Macdonau ., Slotf , XdAna olSkye , flsUouror . AViiliam 1-IrNDnitsoN , PunfonnWixo , fleoher . KliitrWr wcllobrW ™** JWkWc , farmer . jSSttitooavi BoxnWH , AyreUire , farmer .
Joint-Stock Companies ¦
affairs of the society , and recommended , as the more prudent course , that no bonus jshould be declared on account of the unexpected losses from the Indian mutinies . However , in all other respects the society was in a thoroughly sound and excellent condition . The statements laid before the meeting appeared to give much satisfaction . The Chairman expressed the pleasure he and his brother directors felt at the manly and straightforward way in which the shareholders sympathised with the Directors in connexion with the extraordinary occurrences in India during the last twelve months ; and confidently trusted that their next report would exhibit the return of the society to its usual prosperity .
JOINT-STOCK COMPANIES ; At the meeting of the African Steam Company , the report was adopted unanimously , and a half-yearly dividend declared at the rate of 5 per cent , per annum . A new contract has been obtained from Government for the conveyance of the West Coast of Africa mails , which contains several important advantages . The mails will be despatched from Liverpool direct , by which the delay and expense of calling at Plymouth are obviated ; Cape Palmas is substituted for Monrovia ; the three principal mouths of the Niger are to be called at , and the Bonny River is to be the terminus of the line . A branch steamer will be employed to carry the mails to Fernando Po , Old Calabar , Cameroons , &c . The duration of the agreement is fixed at seven years * with an annual subsidy of 30 , 000 / .
An extraordinary general meeting of the Atlantic Telegraph Company is called for the 15 fch inst ., " for the purpose of receiving a report from the directors as to the present position of the company's affairs . " A general meeting of the South Australian ( Land ) Company is called for the 17 th December , to receive the half-yearly report of the directors . The half-yearly meeting of the St . Katharine Dock Company is called for the 18 th January , to declare a dividend . A meeting of the shareholders of the Saloon
Omnibus Company was held on Wednesday . Aresolution was adopted expressing confidence in the manner in which the directors had conductqd the prosecution of the General Omnibus Company on the charge ' of conspiracy , and expressing the hope that they would continue to carry on the proceedings with equal vigour . A large number of shares were subscribed for . On Wednesday the half-yearly meeting of the Regent's Canal Company was held , when the report was ^ adopted , and a dividend at the rate of 8 s . 6 d . a share declared . . .
At the meeting of the Trust and Loan Company of Upper Canada , the directors' report , recommending a dividend at the rate of 7 per cent , per annum , was unanimously agreed to . A petition for the winding up of the Prince of Wales Life and Educational Assurance Company is expected to be heard on the 21 st instant . Application is intended to be made to Parliament next session on behalf of the Madras Irrigation and Canal Company , to alter the name of the company to " The Bengal and Madras Irrigation and Canal Company , " and to extend the powers of the company to the lower provinces of Bengal , under the administration of the Lieutenant-Governor of that Presidency . meetiofthe MedicalInvalidand
The annual ng - , , General Life Assurance Society , was held at thq Chief Offices , 25 , Pall-mall , at two o ' clock on the 25 th ult . ; Sir Thomas Phillips in the chair . Tho following is a report of the proceedings : — The Chairman regretted that on that occasion , the first time he had taken the chair , nt tho request of his fellow directors , in the absence of his brother , he could not congratulate them that prosperity had attended the society during the past year . Tho awful mutiny and murders in India , tho occurrence of which no human being could have foreseen , had absorbed a very largo sum cf money . But for this they should have been enabled to declare » satisfactory bonus . In all other respects , howover , as was amply demonstrated in tho accounts , tho society , it was satisfactory to state , was in a sound and wholesome condition . ( Hear , hoar . )
Mr . 0 . D . Singor ( tho Secretary ) read tho report of tho Directors , from which it appeared that at homo and in India 819 policies had been issued , assuring 400 , 888 / . 15 s . 9 d ., yielding a now premium income of 18 , 192 * . 15 s . lOd . in tho year ending in Juno last . Tho entire number of policies in forco was 6088 , assuring 2 , 551 , 180 ? , 6 s . Gd . Tho not premium incomes was 111 , 105 / . 14 s ., -whilst tho total income was 119 , 580 / . 18 s . lOd . Tho business expenditure had boon at homo , C 800 / . ; in India , 7600 J . Tho invested capital stood at 258 , 000 ? . A voluminous report was road from tho India Dircotors , in which they stated that tho mortality , owing
to tho mutiny , had much increased . For tho losses that had occurred from deaths , not in actual warfare in India , they ( the Indian directors ) hud sought compensation from tho Indian Govominont , and from tho claims having been registered by tho commissioners , it is believed they will be favourably considered . After a short disbuaeion , tho two reports , and that of tho auditors , woro unauiinously received and adopted . Tho mooting was thon made apodal , in order to reoolvo tho reports of tho two actuaries , Mr . I <\ G . P . Nelson and . Mr . P . Hardy , on tho third qulnquoiralal period which had recently elapsed . Those reports outorod into an elaborate financial opposition of tuo
Cordial votes of thanks were then passed to the Chairman , the Directors , the Indian Board , and Mr . C . D . Singer , the Secretary , and the meeting separated . The great public service that this Life Assurance Office has afforded to the public officials and to the unhappy families of those who were victims to the late atrocious insurrection in India ^ takes it out . the category of mere private and commercial institutions , and places it amongst those which may be looked upon as public benefactors . It appears , by the annual report , that a very large amount of surplus capital that would have been applied to a bonus lias been expended on the claims arising from a casualty which no calculation could meet and no experience predicate . The prompt , liberal , and wise course taken b y the Directors is beyond air praise in these days of compromise and concealment , and it cannot but result , both at home and in India , in extending the reputation and , in increasing the confidencein this tried and truly respectable company . The entire affairs of the Society have J ) een submitted to two eminent actuaries , Mr . Neison and Mr . Hardy , and their separate reports both confirm the sound ' prosperous state of the Society , notwithstanding' the unlooked-for drain on its resources . On scientific grounds , it is satisfactory to find that the peculiar kind of assurance to which this office has more particularly devoted its attention is capable of being made safe and profitable . The assurance of diseased and tainted lives is of the utmost advantage to the community , and has prevented many- ' a respectable family from falling from their social position and sinking into the depths of poverty . To men in professions , and to all labouring to provide for those dearest to them , it is an incalculable advantage , and it must be a comfort to all so situated to know that the data on which such associations arc founded have been proved sound enough to withstand the most unexpected , drains upon them . The case is altogether a peculiar one , and we trust that the Government of India will view with the utmost liberality an institution which , in au hour of the darkest peril , did so much to mitigate the sore inflictions of many bereaved and destitute English families .
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ing of this company was held on , Monday * when a dis =-cussion was raised on the expediency of removing the board of direction to Ireland , a suggestion which seemed to find great favour with many of the shareholders . It was stated that , though no official offer had been made by the Great Southern and Western of Ireland for the leasing of the line , various . interviews had taken place between the officials of the two lines on that subject . The North Staffordshire and North-Western . —An important railway negotiation has been brought to a successful close . The North Staffordshire Railway Company have long considered themselves aggrieved by the conduct of the . London and North-Western . A traffic arrangement has been concluded between these undertakings which will materially improve the position of the North Staffordshire , at the same time , promoting the objects of the leviathan company . Testimonial to ^ Captain Huish . —An address , signed by more than " five thousand persons in the employment of the London and North-Western Railway Company , has just been presented to Captain Huish , in addition to a handsome testimonial . During eighteen years Captain Huish was the life and soul of the
company ' s management , and in his official capacity he displayed zeal and talent . His services iq the company were at all times of an important nature , and in the fulfilment of his duty he succeeded in earning the goodwill of a body including , as we have said , not less than , five thousand persons . In a manly and genial reply to the address , Captain Huish thanks his brother officers and fellow-servants , " from the humblest workman : on the line up to the leading officers of the service , " who have signed the memorial , for their cordial and unanimous expressions of approval .
Waxjerjtoju > and K 4 UU 9 NNY . —T ho half-yearly moot-
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Ko . 454 , December ^ 1858 . ] THE LEADER , 1331 ¦ —— ' — " —¦ ¦ ' ' ¦" - ' . ' ' ' —^— - ^^—^—^^ " —^^—^*^—^*^—— ^ mm ^^^^^ **^^^^^^^^ ^ *^********* ^ ******* ^* ^ ^****^*^^^^^^ ^^^^^^^^^^^^^^^^^^^ ^^
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RAILWAY INTELLIGENCE .
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Leader (1850-1860), Dec. 4, 1858, page 1331, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2271/page/27/
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