ASHBURY RAILWAY CARRIAGE AND IRON, ETC. DIRECTORS: 405 Chairman-Capt. AUGUSTUS TERRICK HAMILTON, 12, Bolton Row, Piccadilly, W. F.A. Bevan, Esq., 54, Lombard Street, E. C. William Barber, Esq. The Hon. Robt. Grimston, 24, Mount Sir Daniel Gooch, Bart., M.P., Clewer L. M. Rate, Esq., 60, Threadneedle J. C. Pickersgill-Cunliffe, Esq., 15, Leaden- OFFICERS.-General Manager, Henry Weaver: Sec., John Grant; Auditors, Joshua Dean and Francis Glass. Offices-26, Old Broad Street, E.C. 488.-ASHBURY RAILWAY CARRIAGE AND IRON. Incorporated under "The Companies' Act, 1862," by which the liability of each shareholder is limited to the amount of his shares. Capital, 500,000/. in 3,000 shares of 1001. each, and 10,000 shares of 207. each. The company make and sell, or lend on hire, carriages and wagons, and all kinds of railway plant, fittings, machinery, and rolling stock, carry on the business of Mechanical Engineers and General Contractors; and purchase, lease, work, and sell mines, minerals, land, and buildings; purchase and sell as merchants, timber, coal, metals, or other materials, and buy and sell any such materials, on commission, or as agents. DIRECTORS: Chairman-BENJAMIN WHITWORTH, Esq., 11, Holland Park, W. James Holden, Esq., Wilton Polygon, | James Hurst, Esq., Higher Broughton, Cheetham Hill, Manchester. Alfred Peek, Esq., Kingston House, Old Manchester. Robert Rumney, Esq., Whalley Range, Manchester. W. W. Hulse, Esq., 88, King Street, Manchester. Thomas Vickers, Esq., Wilton Polygon, 489.-BIRMINGHAM TRAMWAYS. Incorporated by 33 and 34 Vic., cap. 177 (10th August, 1870), to construct street tramways in certain parts of the suburbs of Birmingham. Length in single lines not stated in the Act. Capital, 60,0007. in 107. shares, deferred and preferred, and 15,000. on loan, with power to create and issue debenture stock. No. of Directors-6; minimum, 3; quorum, 3 and 2. Qualification, 2001. 490.-BIRMINGHAM AND STAFFORDSHIRE TRAMWAYS. Incorporated by 33 and 34 Vic., cap. 168 (10th August, 1870), to construct tramways from Birmingham to Handsworth, West Bromwich, and Tipton. Length in single lines, 12 miles. Capital, 50,0007. in 107, shares and 12,000. on loan, with power to create and issue debenture stock. No. of Directors—3; maximum, 5; quorum, 2 and 3. Qualification, 2001. DIRECTORS: Joseph William Williams, Esq. Edward Gem, Esq., Birmingham. 491.-BRITISH AUSTRALIAN TELEGRAPH. In connection with the Falmouth Gibraltar and Malta, the Anglo-Mediterranean, the British-Indian Submarine, the British-Indian Extension, and the China Submarine. Capital, 660,000l. in 66,000 shares of 10. each, of which 120,000l. is taken in fully paid shares by the contractors. Deposit 17. on application, and 21. on allotment. The balance, 7. per share, to be paid by instalments not exceeding 31. per share, at intervals of not less than three months, commencing 1st July, 1870. The section between Singapore and Batavia was opened on the 19th November, 1870. 8. per share has been paid up. The Telegraph Construction and Maintenance guarantee interest at the rate of 5 per cent. per annum upon the paid up capital of this company, payable half-yearly until the date fixed for the opening of the entire line. The contract price is 634,0007., of which 120,000/. is to be taken in fully paid shares, 20,0001. on the shipment of the cable, and 100,000l. to be reserved until the company's engineer has certified that the line has been completed in good working order. Upon this certificate 50,000l. will be paid, and the remaining 50,000l. will be retained until the cables have continued in working order for 30 days. The cables and land line are to be complete in 1871. The South Australian Parliament has passed an Act for providing and maintaining the whole of the land lines, which under this arrangement are to be extended to Port Augusta, in South Australia, thus relieving the company from that which would have been an expensive and hazardous part of their undertaking. DIRECTORS: Chairman-The Right Hon. Viscount MONCK. Lord Wm. Montagu Hay, Chairman of the John Pender, Esq., Chairman of Falmouth Sir James Anderson, Managing Director 492.-BRITISH-INDIAN SUBMARINE TELEGRAPH. Incorporated under "The Companies' Acts, 1862 and 1867," for the purpose of constructing a Submarine Telegraph Line between Suez, Aden, and Bombay, so as to complete a direct and reliable line of telegraphic communication between Europe and India, and with a view to future extensions to China and Australia. Capital, 1,200,000. in 120,000 shares of 10. each. From the 25th March, when the line was successfully laid, the gross revenue to 30th September, 1870, amounted to 50,1581, and the expenses to 16,976., leaving as net profit 33,1821. Dividend of 5s. per 101. share for six months and five days' working absorbed 29,6877., and left 3,4941. It is anticipated that the extension company's line from Madras to Singapore will be laid by the end of the present year, and that the lines to Australia and China will be completed next year and bring large accessions of traffic. In consequence of the railway through Egypt having been removed to a new route riâ Benha and Zagazig to Suez, the company obtained a concession from the Khedive to erect a telegraph line thereon, thereby securing an efficient duplicate land line, casily maintained. It was officially announced in January that the gross traffic receipts for the past three months were as follow:-October, 5,1567, 17s. 2d.; November, 7,4531. 2s. 10d.; December, 3,920. The line was broken from the 24th September to 13th October. The Falmouth Cable was broken on the 29th November, and had not been repaired. These breaks seriously diminished the receipts, and the directors will not, therefore, recommend quarterly dividends. DIRECTORS: Chairman-JOHN PENDER, Esq., Crumpsall House, Crumpsall, near Manchester. The Rt. Hon. W. N. Massey. Sir Charles Wingfield, K.C.S I., M.P., late Lord William Hay, Chairman Anglo-Mediterranean Telegraph Company (Limited). OFFICERS.-Managing Director, Sir James Anderson; Sec., John T. Burt; Engs., Latimer Clark and Henry Charles Forde; Solicitors, Baxter, Rose, Norton, and Co., 6. Victoria Street, Westminster, S.W.; Bankers, Glyn, Mills, Currie, and Co., 67, Lombard Street, E.C. Offices-66, Old Broad Street, E.C. BRITISH-INDIAN EXTENSION-CALCUTTA AND SINPGAORE. 407 493.-BRITISH-INDIAN EXTENSION TELEGRAPH. Madras to Singapore, in connection with the Falmouth Gibraltar and Malta, the Anglo-Mediterranean, the British-Indian Submarine. and British-Australian Companies. Incorporated under "The Companies' Acts, 1862 and 1867." Capital, 460,0002. in 46,000 shares of 101. each. To afford direct telegraphic communication to the countries lying east of British India, this company has been formed, and a cable will be laid from Madras to Singapore, touching at Penang, as a first instalment towards connecting Australia and China with the Indian and European systems. Negotiations are still in progress, with the Dutch and Australian authorities for the necessary concessions to enable telegraphic extensions to be carried out from Singapore to those countries, and soundings are taken for a cable route from Singapore to Hong Kong. From the extreme point of the Dutch possessions to the Australian Continent the distance is only 1,130 miles; and a cable 1,632 miles in length will connect Singapore with Hong Kong, via Cochin China. The line from Madras to Singapore was opened to the public on the 4th January, 1871. DIRECTORS: Chairman-Right Hon. WILLIAM NATHANIEL MASSEY. Francis Augustus Bevan, Esq., Lombard | Lieut.-Colonel Thomas George Glover, Street, E.C. R.E., late Director-General of Telegraphs in India. George Garden Nicol, Esq.. Chairman of the Chartered Mercantile Bank of India, London, and China. Charles William Earle, Esq., Director of Sir Charles Bright, Latimer Clark, and 494.-CALCUTTA AND SINGAPORE TELEGRAPH. Incorporated under "The Companies' Acts, 1862 and 1867." Capital, 600,000l. in 60,000 shares of 101. each. Deposit, 1. per share on application, and 17. per share on allotment. Further payments-On the 14th April, 21; on the 15th July, 27.; and on the 1st October, 21.; and on the 15th January, 1871, 27. The object of this company is to lay down a submarine telegraph cable between Calcutta and Singapore, with intermediate stations at Penang and Malacca. The directors have proposed to the Government of India to land the company's cable at Cape Negrais, provided the Government will lay a cable thence to Rangoon and Moulmein, if not further down the Tenasserim coast. The messages between British Burmah and the Straits Settlements will thus be brought upon the company's line by means of a reliable telegraph cable, instead of through the existing imperfect land line between Calcutta, Rangoon, and Moulmein; and the messages between those towns and Calcutta will also pass through this company's cable for two-thirds of the entire distance. DIRECTORS: Chairman Sir JAMES CARMICHAEL, Bart. J. J. Falconer, Esq., Director of the Bank Francis Gisborne, Esq., Holme Hall, Bake- James E. M'Connell. Esq., C.E., 2, Dean's M. H. Marsh, Esq., Ramridge, Andover ; Chairman of the R. R. Torrens, Esq., M.P. (late Treasurer for South Australia). OFFICERS.-Sec., H. C. Darlington; Engs., Sir Samuel Canning (Consulting Engineer) and Robert Sabine; Solicitors, Davies, Son, Campbell, and Reeves, 17, Warwick Street, Regent Street, London; Bankers, London and County Bank, 21, Lombard Street, E C., and Branches. Offices-110, Cannon Street, E.C. 408 CENTRAL ARGENTINE LAND-CHINA SUBMARINE TELEGRAPH. 495.-CENTRAL ARGENTINE LAND. This company was incorporated on 28th March, 1870, in view to the acquisition of the lands of the Central Argentine railway, by transfer from that company and Messrs. Brassey, Wythes, and Wheelwright, on the terms of reimbursing the railway and those gentlemen for all past outlay on the lands, incurred with a view to their colonisation and settlement, and assuming all pending contracts and engagements in respect thereof entered into by the railway; and likewise for the purpose of carrying out the settlement and colonisation, leasing and selling of the lands, and the development of their resources. One moiety (65,000) of the total number of the shares of the company were appropriated rateably to all shareholders standing on the register of the Central Argentine at the closing of their transfer books on the 23rd of March, 1870, on the terms mentioned in the agreement. The other moiety (65,000) were allotted to Messrs. Brassey, Wythes, Wheelwright, and Ogilvie (the contractors) in respect of their interest in the lands. Of the sum of 32,5001. authorised to be raised as the first instalment of 5 per share on the 130,000 shares in the company, 25,8407. have been received in this country. The first instalment on 22,849 shares appropriated to shareholders in the Argentine Republic, amounting to 5,7124, was payable on September last. DIRECTORS: Chairman-JOHN HEGAN, Esq. Deputy-Chairman-HENRY BROČKETT, Esq. W. B. Buddicum, Esq. Lawrence Heyworth, Jun., Esq. Adam S. Kennard, Esq. Alexander Ogilvie, Esq. Samuel Waterhouse, Esq., M.P. OFFICERS.-Sec., George Woolcott; Solicitors, Travers, Smith, and De Gex: Bankers, London and Westminster Bank, Lothbury. E.C., and Thomas Armstrong, Banker, Buenos Ayres; Agent, E. Harry Woods, C.E., Rosario de Santa Fé. Offices-60, Gracechurch Street, London, E.C. 496.-CHINA SUBMARINE TELEGRAPH. In connection with the Falmouth Gibraltar and Malta, the Anglo-Mediterranean. the British-Indian Submarine, and British Indian Extension Telegraph Companies. Capital, 525,0007. in 52,500 shares of 10. each, of which 100,0007.is taken in fully paid shares by the contractors. Up to the 31st December, 1870, there has been called up 71. per share. Calls due-17. 1st January, 17. 1st February, 17. 1st March. The first section will consist of a cable about 1,632 miles in length, to be laid from Singapore, a station of the British-Indian Extension Telegraph Company, in the Straits of Malacca, to Hong Kong. It is proposed to establish an intermediate station at Saigon (Cochin China), upon satisfactory arrangements being concluded with the French Government. It was resolved in January, 1870, that the directors should, with as little delay as possible, take the necessary steps for completion of the line of telegraph from Hong Kong and Shanghai; also, "that the directors be authorised to increase the capital to 825,000, by issuing additional capital of 300,0007., at such time and on such terms as they may determine." DIRECTORS: Chairman-JOHN PENDER, Esq., Chairman of the British-Indian Submarine and Falmouth Gibraltar and Malta Telegraphs. Lord William Montagu Hay, Chairman | Lieut. - Colonel Thomas George Glover, of the Anglo-Mediterranean Telegraph. R. E., late Director-General of Telegraphs The Right Hon. William N. Massey, Chair- of India. man of the British-Indian Extension Telegraph. James Henry Crawford, Esq. Horatio N. Lay, Esq., C.B., late Commis- Baron Emile D'Erlanger. OFFICERS.-Sec., Thomas Fuller: Engs., Latimer Clark and Henry Charles Forde; Solicitors, Bischoff, Bompas, and Bischoff, 4, Great Winchester Street Buildings, E.C.; Bankers, Barclay, Bevan, Tritton, Twells, and Co., 54, Lombard Street, E.C.; The Chartered Mercantile Bank of India, London, and China. Offices-65, Old Broad Street, E. C. 497.-CREDIT FONCIER OF ENGLAND. This company was a combination of the Credit Foncier and of the Credit Mobilier, which were established, the former for financial business in connection with land, the latter for general financial operations. Reconstructed on 30th July, 1866. capital, 1,000,000l. in shares of 101. each. Reduced CREDIT FONCIER OF ENGLAND-CUBA SUBMARINE TELEGRAPH. 409 It was reported in July that the company had fairly earned during the halt-year a profit of 29,0931., being equivalent to a dividend of nearly 6 per cent. per annum on the reduced capital of 1,000,000l.; almost the whole of this sum, too, had been realised. It was true that 6,9371. of the amount had been produced by what might be termed windfalls, or accidental contributions; but, on the other hand, the remaining portion of the profit, 22,1567., had been made upon considerably less than one-half of the capital, no return having been realised or taken credit for during the six months on the large amount invested in the Siagne canal, the London Chatham and Dover, the Marseilles Land, and the Varna. The company had not only paid off during the halfyear 40,000l. of the loan raised on its debentures, but also 11,474. as interest and bonus on the loan. It was a matter of deep regret to the directors that the profit earned could not at once be paid as dividend to the shareholders, but this had been rendered for the time being impossible by the vexatious proceedings of the liquidators of the Marseilles. These liquidators were the only persons opposed to the reduction of capital, and the directors had the fullest confidence that it would eventually, and before the expiration of the year, be duly authorised. It was announced in February that the half-yearly meeting had been delayed to admit of completion of the settlement effected with the Imperial Land of France; also that the profit and loss account to 31st December, 1870, showed a balance which would justify a dividend at the rate of 5 per cent. per annum, after carrying forward a sufficient surplus. DIRECTORS: Chairman-FRANCIS MOWATT, Esq. Major-Gen. Sir G. Balfour, K.C.B., Alexander Fairlie Cuningham, Esq.. OFFICERS.-Financial Sec., Henry James Barker; Auditors, Arthur Cooper (Cooper, Brothers, and Co.) and Robert Tucker, Actuary; Solicitors, Upton, Johnson, and Upton; Bankers, Smith, Payne, and Smiths, 1, Lombard Street, E.C., The National Bank of Scotland, 37, Nicholas Lane, Lombard Street, E.C., and The Consolidated Bank, Limited, 52, Threadneedle Street, E.C. Offices-St. Clement's House, Clement's Lane, E.C. 498.-CUBA SUBMARINE TELEGRAPH. Incorporated under "The Companies' Acts, 1862 and 1867." Capital, 160,000%. in 16,000 shares of 107. each. This company was formed for the purpose of uniting the two cables at Havana and Santiago de Cuba, by a cable of about 540 miles in length, extending from Santiago de Cuba to Batabano; thence by land line, to be erected along the railway, across the island to Havana, a distance of about 30 miles, where it will join the terminus of the International Ocean Telegraph, in the palace of the Captain-General of Cuba. A contract has been entered into with the India Rubber, Gutta Percha, and Telegraph Works for the manufacture and laying of the cable for the sum of 147,0007., and the balance will be sufficient for the erection of the land line, and for payment of all other expenses, until the company is earning a dividend. The cable will be of the same efficient description as that made for the International Ocean Telegraph, and of the cables being manufactured for the West India and Panama Telegraph. Exclusive arrangements have been entered into with the International Ocean, the West India and Panama, and the Panama and South Pacific Telegraphs, whereby all messages between these termini shall pass over this company's lines. DIRECTORS: Chairman-THOMAS HUGHES, Esq., M.P., London, Director of the Panama and South Pacific Telegraph. Neil Bannatyne, Esq., London, Director of the West India and Panama and the Panama and South Pacific Telegraphs. Alexander F. Low, Esq., London, Director of the Panama and South Pacific Telegraph. Horatio J. Perry, Esq., Madrid. Alexander McGregor, Esq., Director of the Colonial Bank, and of the West India and Panama Telegraph. John Nenninger, Esq., of Messrs. J. C. Burnham and Co., Havana, Vice-President of the International Ocean Telegraph. OFFICERS.-Sec., Jas. A. Brand; Eng., Sir Charles Bright; Solicitors, Mackenzie, Trinder, and Co., 1, Crown Court, Old Broad Street, E.C.; Bankers, The National Bank of Scotland, 37, Nicholas Lane, E.C., and Branches, Offices-50, Old Broad Street, E.C. |