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Article SUMMARY OF NEWS FOE DECEMBER ← Page 3 of 4 →
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Summary Of News Foe December
On the 8 th , the Bank of Australasia declared a dividend of 20 per cent , per annum on the paid-up capital . On the 11 th , there was a meeting of the Atlantic Telegraph Company , at which it was stated that by the 31 st of May the Telegraph would be completed . The British Government is to subsidize the Company to the extent of £ 14 , 000 per annum , until the returns yield a dividend of six per cent ., and after that event is to pay , £ 10 , 000 per annum for the transmission of messages . On the 16 th , there was a meeting of the Commercial Bank , when the most satisfactory explanations were given of its present position .
On the 18 th , the Canada Company declared a dividend for the year , at the rate of £ 2 . 10 s . per share . On the 19 th , the Chartered Bank of Australia declared a dividend at the rate of two and a half per cent ., and finding its present capital unwieldy , resolved to return £ 200 , 000 of it . On the same day the South Australian Company reported an increase of £ 2 , 597 on the year in the amount of their rental , and declared a dividend of seven per cent , per annum .
On the 22 nd , there was a meeting of the Venezuelan Bond-holders , when they rejected a proposition made to them on the part of the Government of Venezuela , and demanded the immediate payment of three per cent , on the active debt . On the 23 rd , the Colonial Gold Company and the Liberty Mining Company held special meetings , and in each case resolved to wind up their affairs .
PROVIDENT
On the 8 th , the Waterloo Life Assurance Company held its annual meeting , and declared a dividend of six per cent . The company has been only five years in existence , and yet its annual income is £ 17 , 482 , and it has a reserved fund to the extent of £ 29 , 000 . On the 12 th , the annual meeting of the General Annuity Endowment
Association took place , when it was stated that , after paying out of the income of the year £ 19 , 263 in annuities , there was an increase in their funds to the extent of £ 7 , 031 . 12 s . Id . The accumulated capital at present amounts to £ 284 , 036 . On the 18 th , the fifth annual meeting of the Conservative Land Society took place , when the chairman , Lord Ranelagh , stated that the committee had sold £ 28 , 323 . 9 s . 6 d . worth of land during the past year . BENEVOLENT .
On the 1 st there was a meeting- of the supporters of that excellent institution the Orphan Working School , when fifteen children were elected to partake of its advantages out of a list of ninety-two candidates . We are sorry to state that the institution is in debt to the treasurer to the extent of £ 700 . On the 3 rd the Society for the Relief of the Poor of the city of London and
the parts adjacent , held its annual meeting , when it was stated that the Society had , from January to March last , distributed among the poor £ 930 worth of coals , charging them only sixpence per cwt . The sum thus received amounted to £ 457 , so that the actual amount of the Society ' s bounty was only £ 473 . The cost of distributing this was £ 372 .
On the 4 th the governors of the Philanthropic Society held their quarterly meeting . The report of the conduct of tho boys on the farm at Rcdhill , now licensed as a Reformatory under the Act of last session , was highly satisfactory . Tho profits of the farm for the past year amounted to £ 200 . On tho 8 th there was a special meeting of the governors of the Female Orphan Asylum . The following figures may give some idea of the good working of this
popular charity . It has sheltered and educated 2 , <> 3 S female orphans , 2 , 2 ^ 2 of whom it has apprenticed out to respectable trades . Of the remainder , 221 died , two arc now employed in the house , and there are 103 at present on the books . On the 5 ) th ( St . Andrew ' s Day having fallen , on a Sunday ) , the anniversary of the { Scottish Hospital was celebrated , at the London Tavern , when a considerable sum was collected in aid of its funds . YOb . III . B
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Summary Of News Foe December
On the 8 th , the Bank of Australasia declared a dividend of 20 per cent , per annum on the paid-up capital . On the 11 th , there was a meeting of the Atlantic Telegraph Company , at which it was stated that by the 31 st of May the Telegraph would be completed . The British Government is to subsidize the Company to the extent of £ 14 , 000 per annum , until the returns yield a dividend of six per cent ., and after that event is to pay , £ 10 , 000 per annum for the transmission of messages . On the 16 th , there was a meeting of the Commercial Bank , when the most satisfactory explanations were given of its present position .
On the 18 th , the Canada Company declared a dividend for the year , at the rate of £ 2 . 10 s . per share . On the 19 th , the Chartered Bank of Australia declared a dividend at the rate of two and a half per cent ., and finding its present capital unwieldy , resolved to return £ 200 , 000 of it . On the same day the South Australian Company reported an increase of £ 2 , 597 on the year in the amount of their rental , and declared a dividend of seven per cent , per annum .
On the 22 nd , there was a meeting of the Venezuelan Bond-holders , when they rejected a proposition made to them on the part of the Government of Venezuela , and demanded the immediate payment of three per cent , on the active debt . On the 23 rd , the Colonial Gold Company and the Liberty Mining Company held special meetings , and in each case resolved to wind up their affairs .
PROVIDENT
On the 8 th , the Waterloo Life Assurance Company held its annual meeting , and declared a dividend of six per cent . The company has been only five years in existence , and yet its annual income is £ 17 , 482 , and it has a reserved fund to the extent of £ 29 , 000 . On the 12 th , the annual meeting of the General Annuity Endowment
Association took place , when it was stated that , after paying out of the income of the year £ 19 , 263 in annuities , there was an increase in their funds to the extent of £ 7 , 031 . 12 s . Id . The accumulated capital at present amounts to £ 284 , 036 . On the 18 th , the fifth annual meeting of the Conservative Land Society took place , when the chairman , Lord Ranelagh , stated that the committee had sold £ 28 , 323 . 9 s . 6 d . worth of land during the past year . BENEVOLENT .
On the 1 st there was a meeting- of the supporters of that excellent institution the Orphan Working School , when fifteen children were elected to partake of its advantages out of a list of ninety-two candidates . We are sorry to state that the institution is in debt to the treasurer to the extent of £ 700 . On the 3 rd the Society for the Relief of the Poor of the city of London and
the parts adjacent , held its annual meeting , when it was stated that the Society had , from January to March last , distributed among the poor £ 930 worth of coals , charging them only sixpence per cwt . The sum thus received amounted to £ 457 , so that the actual amount of the Society ' s bounty was only £ 473 . The cost of distributing this was £ 372 .
On the 4 th the governors of the Philanthropic Society held their quarterly meeting . The report of the conduct of tho boys on the farm at Rcdhill , now licensed as a Reformatory under the Act of last session , was highly satisfactory . Tho profits of the farm for the past year amounted to £ 200 . On tho 8 th there was a special meeting of the governors of the Female Orphan Asylum . The following figures may give some idea of the good working of this
popular charity . It has sheltered and educated 2 , <> 3 S female orphans , 2 , 2 ^ 2 of whom it has apprenticed out to respectable trades . Of the remainder , 221 died , two arc now employed in the house , and there are 103 at present on the books . On the 5 ) th ( St . Andrew ' s Day having fallen , on a Sunday ) , the anniversary of the { Scottish Hospital was celebrated , at the London Tavern , when a considerable sum was collected in aid of its funds . YOb . III . B