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Article OUR WEEKLY BUDGET. ← Page 3 of 3 Article OUR WEEKLY BUDGET. Page 3 of 3 Article MONEY MARKET AND CITY NEWS. Page 1 of 2 →
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Our Weekly Budget.
tributors . The second match was drawn . Nottinghamshire compiled 192 and 21 for the loss of one wicket , Gloucestershire 289 . For the former , Selby scored 66 and 15 , Barnes 45 , Shrewsbury 41 , and Oscroft 19 and not out 6 ; for the latter , Mr . W . G . Grace made one of his grand
threefigure innings—119 , while his brothers , Dr . E . M . Grace and G . F . Grace , contributed 27 and 31 respectively . Mr . Townsend also played a somewhat fortunate innings of 84 . Of the return between Surrey and Middlesex , which was put off from the 15 th July , owing to the wet weather , we
cannot yet give the result , but . when this , and a few other matches have been played , the season of 1875 will be over . We shall , of course , see records of matches for many weeks to come , so long , in fact , as the weather will permit of
playing , but legitimate cricket will be at an end in another ten days . It will be interesting to note the battingand bowling averages this year . We fancy there will be a considerable falling off from last in some of the more conspicuous players .
The Thames Regatta for professionals only , which , thanks to the energy of a few leading amateurs , notably Mr . J . G . Chambers , an old Cambridge oar and coach , has become one of the most important aquatic fixtures of the
year , was held on Wednesday and Thursday of this week . The former day was confined to rowing the preliminary heats , the finals being reserved for Thursday . The following are the winners in the several contests . Tho Newcastle
crew , consisting of R . Hepplethwaite , W . Nicholson , R . Bagnall , R . W . Boyd ( stroke ) , J . Scott ( cox . ) , took the first prize of £ 100 for the Champion Fours ; the Hammersmith crew , stroked by J . Sadler , being second , and a
Blackwall crew , stroked by A . Egalton , third . J . Tarryer , Rotherhithe , won the Coat , Badge and Freedom for apprentices . The race for scullers who have never sculled for £ 100 , was a splendid struggle from start to finish , T . Blackman , of the Plough R . C . winning by six inches . R . Bagnall and
J . W . Boyd , of Newcastle , won the Champion Pairs very easily from H . Thomas and J . Saddler , of Hammersmith We are sorry to learn that of the £ 230 which , apart from expenses , are devoted to prizes , hardly £ 100 has as yet been subscribed . Considering the number of amateur clubs there are , this is by no means creditable to them .
Londonderry is just now in a high state of excitement , the Royal Agricultural Society of Ireland having selected it for its annual display of cattle and implements . Among those present on the opening day were His Excellency the Viceroy , and many of the Irish nobility and gentry . The
DulK ol the exhibitors were , of course , Irishmen , but some of the leading prizes , and , singularly enough , that for swine , have been carried off by Englishmen , Mr . A . H . Browne ,
of Doxford , Northumberland , securing the Purdon challenge cup for the best shorthorn bull , Lady Emily Pigot the Purdon challenge cup for the two best shorthorn heifers , Mr . G . Turner , of Northampton , the Cork challenge cup for the best ram , and Mr . Jacob Dove , of Hambrook House , Gloucestershire , the first prize for the coloured breed of
swine . A most interesting geological discovery has been made at the Surrey Commercial Docks . For some time past excavations have been going on with a view to forming a new tidal basin , and owing to the prevalence of sundry
rumours , several of the fellows of the Geological Society paid a visit to the neighbourhood , and evidences were found of a large subterranean forest , submerged ages since ,
« uu uexongmg , as we are mtormecl , " to the bronze age of prehistoric archaeology . " Evidences of this fact have frequentl y been found along the river on both sides . All the trees are of the kind yet inhabiting Britain , and in the
peat are bones ot the great fossil ox ( vos primiqinius ) . _ The news from the East is very serious . The insurrection in the Herzegovina appears to be extending , and there are rumours of Servia aud Montenegro taking part in the struggle against Turkey . We hope the peace of Europe
wm not be disturbed for the sake of a number of petty principalities , the history of whose career is the reverse of creditable . If the Great Powers signify unmistakabl y their determination not to allow the whole continent of Europe to be set by the ears for the sake of a few tribes of freebooters , the insurrection will soon be at an end , but
imperial jealousies may step in and prevent this happy consummation . That this is no idle imagination may be gathered from the panic reported on the French Bourse , which is chiefly , if not entirely , attributable to the unsatisfactory rumours about this revival of the Eastern question . More fi ghting in Spain has come to be quite
Our Weekly Budget.
a general piece of intelligence . We do not see , how ever , that the end of the war is much nearer .
From the United States is reported the death of Ex-President Andrew Johnson , who was buried with full Masonic honours on the 3 rd instant . Further respect was shown our respected brother by General Grant ordering that all the public offices should be in mourning for several days before the funeral .
We are necessarily gratified at finding our articles so frequently quoted in extenso . In a recent issue of the Keystone will be found our article on the late Dr . Oliver , but we do not see the usual acknowledgment as to tho source whence it was obtained . Doubtless this act of courtesy has been omitted through an oversight .
It is announced that a " Royal Masonic Cyclopaedia is in course of production . The work is to be issued in six half-crown parts of 128 pages each , and will be edited by Kenneth R . H . Mackenzie . Among the subjects to be specially treated may be mentioned , the History of
Freemasonry , the revival of Masonry in the seventeenth , and its re-construction in the eighteenth century . Biographical notices of the principal Grand Masters and other Masonic
celebrities will also find a place in the work . Intending subscribers may send their names to the office of the Freemason's Chronicle , 67 Barbican , London , E . G ., or to the publisher , Bro . J . Hogg , 15 A Paternoster Row , E . C .
On Tuesday next the Great Swimming Fete will take place at the Crystal Palace , and in connection with it will be held the annual competition of the Victoria Park Swimming Club . The following will be the events contested : a Mile Race for the Amateur Championship of
England , the first prize , a cup given by the Swimming Association of Great Britain , the second prize being Excelsior and Leander Medals ; the Crystal Palace Challenge Cup , a mile ; a Two Hundred Yard Open Race , a Hurdle Race , and a Race in Dress , the Victoria Park Swimming
Club Handicap for three prizes , given by Messrs . O . E . Coopc M . P ., J . H . Heeps and E . H . Cnrrie , and a variety of ornamental swimming , racing in tubs , duck hunts , & c , & c . Sir Antonio Brady will present the prizes afc the conclusion of the competition .
Money Market And City News.
MONEY MARKET AND CITY NEWS .
FltlDAY . Tho Bank rate remains at 2 per cent ., and the -weekly return issued by the Bank shows a further increase of £ 800 , 000 in the reserve ; the proportion of reserve to liabilities is now 54 J per cent . The question as to the future allowance of interest by the London
Joint Stock Banks for money on deposit remains unsettled , but it is fully assumed that the great strength of these institutions will prevent in future a thoroughly strict adherence to the old custom of giving 1 per cent , below the Bank of England rate . In accordance with the system of the Scotch banks , the London and Westminster
Bank has for a long period paid interest on deposits afc call , but it may be questioned whether the arrangement works so well as in Scotland , where money placed with a bank is usually kept there for many years . In London the changes in the value of money are , as a rule , much more sudden , and a large sum placed at call is not usually
regarded with , satisfaction by most bankers and discount establishments . The other joint stock banks require a week ' s notice before they repay any deposits . There is meanwhile no apparent outlet for the mass of float , ing capital , and further discussions upon the subject maybe fully anticipated . For many years a very large proportion of the surplus capital
of this country was diverted abroad in tho shape of subscriptions to new loans , but the danger attending many of these investments has recently been fully shown , and hence there is no immediate prospect of any important reduction in the supply of money . The banks will therefore hold a very large sum unemployed , upon which interest ia
being paid , and it is not unlikely that the dividends for the present half-yenr will bo smaller than those recently declared . But in the meantime the commercial atmosphere is being thoroughly purified , and when operations revive upon an active scale the legitimate trader
will have a much better chance of obtaining a fair share of profit . A new undertaking has been formed , under the title of the Maritime Passengers' and Mariners' Insurance Company Limited , " to insure the lives of persons who are about to undertake a sea voyage , or a voyage or journey , partly by sea , and partly by land . " It is also
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Our Weekly Budget.
tributors . The second match was drawn . Nottinghamshire compiled 192 and 21 for the loss of one wicket , Gloucestershire 289 . For the former , Selby scored 66 and 15 , Barnes 45 , Shrewsbury 41 , and Oscroft 19 and not out 6 ; for the latter , Mr . W . G . Grace made one of his grand
threefigure innings—119 , while his brothers , Dr . E . M . Grace and G . F . Grace , contributed 27 and 31 respectively . Mr . Townsend also played a somewhat fortunate innings of 84 . Of the return between Surrey and Middlesex , which was put off from the 15 th July , owing to the wet weather , we
cannot yet give the result , but . when this , and a few other matches have been played , the season of 1875 will be over . We shall , of course , see records of matches for many weeks to come , so long , in fact , as the weather will permit of
playing , but legitimate cricket will be at an end in another ten days . It will be interesting to note the battingand bowling averages this year . We fancy there will be a considerable falling off from last in some of the more conspicuous players .
The Thames Regatta for professionals only , which , thanks to the energy of a few leading amateurs , notably Mr . J . G . Chambers , an old Cambridge oar and coach , has become one of the most important aquatic fixtures of the
year , was held on Wednesday and Thursday of this week . The former day was confined to rowing the preliminary heats , the finals being reserved for Thursday . The following are the winners in the several contests . Tho Newcastle
crew , consisting of R . Hepplethwaite , W . Nicholson , R . Bagnall , R . W . Boyd ( stroke ) , J . Scott ( cox . ) , took the first prize of £ 100 for the Champion Fours ; the Hammersmith crew , stroked by J . Sadler , being second , and a
Blackwall crew , stroked by A . Egalton , third . J . Tarryer , Rotherhithe , won the Coat , Badge and Freedom for apprentices . The race for scullers who have never sculled for £ 100 , was a splendid struggle from start to finish , T . Blackman , of the Plough R . C . winning by six inches . R . Bagnall and
J . W . Boyd , of Newcastle , won the Champion Pairs very easily from H . Thomas and J . Saddler , of Hammersmith We are sorry to learn that of the £ 230 which , apart from expenses , are devoted to prizes , hardly £ 100 has as yet been subscribed . Considering the number of amateur clubs there are , this is by no means creditable to them .
Londonderry is just now in a high state of excitement , the Royal Agricultural Society of Ireland having selected it for its annual display of cattle and implements . Among those present on the opening day were His Excellency the Viceroy , and many of the Irish nobility and gentry . The
DulK ol the exhibitors were , of course , Irishmen , but some of the leading prizes , and , singularly enough , that for swine , have been carried off by Englishmen , Mr . A . H . Browne ,
of Doxford , Northumberland , securing the Purdon challenge cup for the best shorthorn bull , Lady Emily Pigot the Purdon challenge cup for the two best shorthorn heifers , Mr . G . Turner , of Northampton , the Cork challenge cup for the best ram , and Mr . Jacob Dove , of Hambrook House , Gloucestershire , the first prize for the coloured breed of
swine . A most interesting geological discovery has been made at the Surrey Commercial Docks . For some time past excavations have been going on with a view to forming a new tidal basin , and owing to the prevalence of sundry
rumours , several of the fellows of the Geological Society paid a visit to the neighbourhood , and evidences were found of a large subterranean forest , submerged ages since ,
« uu uexongmg , as we are mtormecl , " to the bronze age of prehistoric archaeology . " Evidences of this fact have frequentl y been found along the river on both sides . All the trees are of the kind yet inhabiting Britain , and in the
peat are bones ot the great fossil ox ( vos primiqinius ) . _ The news from the East is very serious . The insurrection in the Herzegovina appears to be extending , and there are rumours of Servia aud Montenegro taking part in the struggle against Turkey . We hope the peace of Europe
wm not be disturbed for the sake of a number of petty principalities , the history of whose career is the reverse of creditable . If the Great Powers signify unmistakabl y their determination not to allow the whole continent of Europe to be set by the ears for the sake of a few tribes of freebooters , the insurrection will soon be at an end , but
imperial jealousies may step in and prevent this happy consummation . That this is no idle imagination may be gathered from the panic reported on the French Bourse , which is chiefly , if not entirely , attributable to the unsatisfactory rumours about this revival of the Eastern question . More fi ghting in Spain has come to be quite
Our Weekly Budget.
a general piece of intelligence . We do not see , how ever , that the end of the war is much nearer .
From the United States is reported the death of Ex-President Andrew Johnson , who was buried with full Masonic honours on the 3 rd instant . Further respect was shown our respected brother by General Grant ordering that all the public offices should be in mourning for several days before the funeral .
We are necessarily gratified at finding our articles so frequently quoted in extenso . In a recent issue of the Keystone will be found our article on the late Dr . Oliver , but we do not see the usual acknowledgment as to tho source whence it was obtained . Doubtless this act of courtesy has been omitted through an oversight .
It is announced that a " Royal Masonic Cyclopaedia is in course of production . The work is to be issued in six half-crown parts of 128 pages each , and will be edited by Kenneth R . H . Mackenzie . Among the subjects to be specially treated may be mentioned , the History of
Freemasonry , the revival of Masonry in the seventeenth , and its re-construction in the eighteenth century . Biographical notices of the principal Grand Masters and other Masonic
celebrities will also find a place in the work . Intending subscribers may send their names to the office of the Freemason's Chronicle , 67 Barbican , London , E . G ., or to the publisher , Bro . J . Hogg , 15 A Paternoster Row , E . C .
On Tuesday next the Great Swimming Fete will take place at the Crystal Palace , and in connection with it will be held the annual competition of the Victoria Park Swimming Club . The following will be the events contested : a Mile Race for the Amateur Championship of
England , the first prize , a cup given by the Swimming Association of Great Britain , the second prize being Excelsior and Leander Medals ; the Crystal Palace Challenge Cup , a mile ; a Two Hundred Yard Open Race , a Hurdle Race , and a Race in Dress , the Victoria Park Swimming
Club Handicap for three prizes , given by Messrs . O . E . Coopc M . P ., J . H . Heeps and E . H . Cnrrie , and a variety of ornamental swimming , racing in tubs , duck hunts , & c , & c . Sir Antonio Brady will present the prizes afc the conclusion of the competition .
Money Market And City News.
MONEY MARKET AND CITY NEWS .
FltlDAY . Tho Bank rate remains at 2 per cent ., and the -weekly return issued by the Bank shows a further increase of £ 800 , 000 in the reserve ; the proportion of reserve to liabilities is now 54 J per cent . The question as to the future allowance of interest by the London
Joint Stock Banks for money on deposit remains unsettled , but it is fully assumed that the great strength of these institutions will prevent in future a thoroughly strict adherence to the old custom of giving 1 per cent , below the Bank of England rate . In accordance with the system of the Scotch banks , the London and Westminster
Bank has for a long period paid interest on deposits afc call , but it may be questioned whether the arrangement works so well as in Scotland , where money placed with a bank is usually kept there for many years . In London the changes in the value of money are , as a rule , much more sudden , and a large sum placed at call is not usually
regarded with , satisfaction by most bankers and discount establishments . The other joint stock banks require a week ' s notice before they repay any deposits . There is meanwhile no apparent outlet for the mass of float , ing capital , and further discussions upon the subject maybe fully anticipated . For many years a very large proportion of the surplus capital
of this country was diverted abroad in tho shape of subscriptions to new loans , but the danger attending many of these investments has recently been fully shown , and hence there is no immediate prospect of any important reduction in the supply of money . The banks will therefore hold a very large sum unemployed , upon which interest ia
being paid , and it is not unlikely that the dividends for the present half-yenr will bo smaller than those recently declared . But in the meantime the commercial atmosphere is being thoroughly purified , and when operations revive upon an active scale the legitimate trader
will have a much better chance of obtaining a fair share of profit . A new undertaking has been formed , under the title of the Maritime Passengers' and Mariners' Insurance Company Limited , " to insure the lives of persons who are about to undertake a sea voyage , or a voyage or journey , partly by sea , and partly by land . " It is also