The Times from London, Greater London, England • Page 4

1 villi 1 If! 1 STOCKS AND SHARES. BaTCRDAY EvESXXa. Th nt Settlement in Coftfolt will begin on AOTMaber 88 and end on Dumber 1. The next 8eUl Bnt in Railway and Foreign Stock, WtH begin on Teeday and end on Thursday. The following is a statement of the opening and closing quotatlona of tha underaenuoned Mecritioa, together with tha quotation at which txey dosed yesterday and tha prices at which they were made up at tho last Battlement.

N.B. la tha case of railway and other securities whose Isaacs quoted bero are or mora than ooe tried the prices rivr. relate to tha Ordioary I locks or eharea wdm otherwise specified. Is tha caae of all securities tha closing quotaUoas ara tha latest obtained up to half past 4 oa all dara empt Saturday, whaa tha Iatt prien ara thoa obtawed atS. For moveinrata ta prices which assy take jpUca after these hoars rcfettoce matt ba made to oar (Sty Article.

AXD Xat Seewrtzy lllia Local Lo.Hk xkJ IBeatc Inland MkJ J. 4 13 63 EmOu. 3 pa. GoeJ Mew OoaaJ) o. Do, PJ JS4 n.e.

lanniiiif, i p.c OcdanriM Jwatweay. tttrV Haft iS iesj; die. ear mi 30 370 uS lift; kk toe; 24 4mH lmj is Itts tiS IH I3S JU 112 To day rrf. Opaciac. 1.0, 115S tuc urn 321 Ft 1M lit lit.

par iro 10WJ 109 121 us in Ctoaiac. I1M 110 sssftrUan HIS iH is 112 104U mi; tieS wtt I 111 UtSi la 1U COLOXUJ. OOYERXMEXT INSCRIBED 8XUKITlKa. 199 rOtaeda. 3H lOSH 101 2ial.

jvx. I0SS ioa jhp las 106 Xew lObU o. is 10 i AuomliviHp. ICS 1C7S ict; 1W lit 1 lies IMS 134 1U 105 107S KS lteS 1S ua 107S 13t IIS lot i l' in ic nUrrr 15 CtoloBUa.OnL US' lo Co.Dt. 14 EUt LiMhlOa 106 litim llAi Gt Nsrtln.rf.Or44 tow ITS OrMiWwtcra EAILWAY STOCKS.

1H toss 107S ioS lS 19a ji I to is us lsk Tama An VntkitM 131 LmI Brixbtoa.OrU 19JS as MS wis IS 1ST CI la si si 141S 1SJ S854 1LJ 11 71 ITfc lil4 HIS in' a. b. a ITl.i J5 ta. 62 SCrta Prithh. Pretl 49v Dn DvfKTBd ITiS North CMVrt.

CniJ 177 20 131 7' KS Ijo 7V lt 177 ires IW Defcn! ..1 VOA 101 t3STavu 1WH IS xos 1M 74 a 16S ss in 102S ios iS 12 sot IX 75 167 1 129 1S 131 1C7U IMS 1474 i. ia' id no ioS ids si4 tn: HS ISSt CAXAD1AX RAILWAY SXCTJEITIES. (t rOksaSiu Imc RhnJ SSCnak 7Vcsk ehim 23 I IIS! Do, pje. Qua. a 32 6SS 6S 1S 1.

n2 AUERICAS BAILSOAD 8KCUBITIE3. infAteUaoB 1 ITHOMtnl Faetflo 19S Dmw a R.OJCO&? 7S' Do, JYalantxl rta WS'tUlnoa Oeatnl ShnJ is lUaaor a Mwa. a. iLoBUtlUaaNatariUo 14 XixKKin. trnM.U.j X.YorcOaUrtoW.! iss Sortcu a w.

fTW i iSV Pcaanl. asO run catooBarvi it I Dol. 4 ax. Ceru. llUXawti FaoiAa JtSiWaiiaaa, Irrt.

l.i 4SS IMS 14S sss 64 ISTi luK Wf IS 17 7V4 US "4 is4 14 JTS UK 10s ia 17 79 17 lS 1SV 16 lOva 11 S04 U4 7iy 177S W7S i6S io.i 69H 32. 1MI 41S lS4i S2S isS jlkV, ma ss; 4i xs 47S 103 42 OTHER RAILWAY SECURITIES. IX iBJlti Somfcorni 69 IB. Am A Ratafia; la uotnl Arcraaaa S2 L'nvaajr tmsiattcaa 77 S' Da lftrrcfi 73S3uz.Coat.i 12 )OHoniaa Sharca Paolo i tSca.ABatrUa Shart tz US 7S. 7654 KS 70 'iS wss a a if.

TTIaKflRAPH AKD TUXTHOXE SECUKITlEtt. 7 I 1TH6RM a 1 1 1 dSDuactU.ii.CatU.. 17 17 lUatera ExteajioB 7AXaUKial lalrtvbona! iWaaun BrazlUaal E2 10S 17S S3 18 2 WH S3 17S 7J 71k MISdELLAXEOTJS SECTJEITIES. llImp. Ottoman Baaki 11S I lHf "14 IB 13 JS 134 133 Soe( Cuil Bham S0 iGiuaiwuaStMOrdJ 630 650 I 630 13S 131 132 137 i 112 1 lS Aljopfk.Scju.OriJ UIS I H7S tso 1S7 1S FOEXIGX GOVEEXUEST 8ECCBITIES.

62 iw 132 33 192 167S 75V' Arteatioa. 0IE8 W' De rcaainc.6ae. fSS Brazil. 4S pA. i6 Uioaa BiUoria.

13Z 93 tChilf. 5 pc 1232 1T7S Ctlaaa GoU. Ii95 114 l)o Mnr lQo 4 e. 10a I IWUatoDo.4Srol l'Ji 1 jjo, iMtra. p.c.

laiA ittociv p.c MS 1 Do, 3S 7 lOrmaa. i C. SOSGrank Mosop. Loan 7SS IJol. 12i4 133 GcJd.4 ci tisiivr.tas, ZS Maiico.

IKS 2sS hortnral 3 tub. ICS iRcMla.4vx,lS9.J Ill iTianiraal. Pjc, Drf eocai 24 I Da, Group HI. (C), 29 I DoGrwipIV (li): 7U UmriuyS 7Si 68'4 S3 siH 11H fO'A 851 63 5, ics IMS isS 1S1S 'K2t lots iot 1C3 29i iai 6SS 47S lC3 33 ICSa 6SW 1I2S tS 83 6i 65 S3 S2 107VJ 113S 1C3 ics 1C1 1C1 103S 9S lOoJi 83 6vt HIS Ha! 4 104 ts 70 84 S3 1C6H 1C3S IX 1C6S 103 10J a 1 3 90S 83 1C3 6SS 47S 7914 i WS 66 S2S 107S lOtS ii; 3 IM, 79 it'! 94S i(S 19 li lo Hi iw; CSS S3 334 mi S3 8iV ha 134 SS) 397 ias to 9 lOiS lot IC1U 104S4 ilS 2SS 10i. 36SS 103S 9bT i loss 102 10'S 134J3 res S3 103 StsS iuS at MIXES, EXPLORATIOX, tc.

(Shares folly paid, except where stated.) DIAMOND. VtJStm.2S.iZM, EtaiooWin.lUK; EOTJTU AFK1CAX EX FLOEATIOX AX LAXD. AcclriBch.3A3A Parnato IS JVchoacaUnd.lr, 1 lint. 8. Africa.

2 2A EinlenUoa. 2S 2i Coca. GoldfleMaeS 8SjL Jobantmhcrt; Com. 221 Ocuu Coaa, IrV Ii Irani. Com, 1 314 AIriraa Gold Tmat, Traai.

Eatataa and lMelop, Trmo. doldfisldi, 2S 3j BOITT1I AFBICAX COLD. Jal4e.7S I Xoanc Dees. 3l IS onon (ri. i Jampert.

44S KimbarV KoU 1oniXcwl2.S Eioieroaieta (X). 4Vt Afritatvler. 1 lli Aarora. 1 IS AaroraWeu TJcited, 1 IS JBtMCoaaoUdated. 2, 2A BuffeUdoom.

1H 1H CbaapdOr. US (3UB! l.Nl. Ji Ous.ea w'ex. "iir aod uUirLaa. iXewl.

CS Cocot(N) 1'41S Cocu.Dopp.3S 4S Oimi (Xewl. tl renrn Derp. 1 Crowo Kt. lO rri 'ootan. 2 IS Dsrbaa Rood, (ci VA Dartu Rood.

Deep, 3S EaMicn.Afi atRaad.3rtrV Foricira. 1SS IBS (Ml Eatate. 3 GaTJorSL 4 4li I Vld. Main Rf, (crraGorh. 1A If ajlrc(Xe Llil 4 GoeUiDccpSn'Xicf Do, tl ItV PaarlCeatral (hew).

UltV PrtT aT a Mt aa Klerttforp Eftalca.PriiatOK(Xe1.4S4S 7a. id. U. 3d. JTiDiEat.l;,2; RcUht'a.

4S 4S 1 RattdfoniciB. irV 2rV LatKOaacie, 44 4' Kand MiBoalV, 24 LabtlaaiTe. iUooc Riaiionteia (Xaw), 1 2i2S tanziaacta EojaL RoUoaoiuP.a IVi IS Kood. Deep. ti IS Vetted SoodeMkori Uouad.

(Xcw.S. Laipaard 8aliaburxXawX23S JI aia iieef, IXewl. Ji Simmer and Jack I'm I i JIaj Coci. tXewJ. 2A Boca (NawL I 2Jk Merer aod Midas (XawJ.

Mo UlertonteittlXew). 3yi4V, MoleriODtein.B Ex tniKtoB. ti 1ft 1 pitiiop Farm. Charlton. kubbom.

i TraniTaal Cd. Xisc, 4S SVi Vrt Kb. 3f troWe.t.lSlS vini Ham 4S 4U 4 ioea. IS Henry Xounw.CS utDot lacwi. ia if Wudmer.

JS 7S v. Kaua mi IS Xortb RaadlOBiela. 1 WoibcUr. SS ISIS WEflT AUSTRAUAX MIXIXG AXD LAXD COMPAXIES. Aaaodatad Gd Mioea.

aoeeaSSi 'cmaJ Goldttolda, 12a. td. paid, par Ji. 1 iro OHTK OU. liannan a BcwaltUl, vara.

IV la EaU aSaM.j irt loreoea. '(ta tJUIM. lSla Gold laadi. 6a. pd.

A Apm. itoea i Great Boolder. 6 64 Coklon Kona isBoa, KataaksS HamptoB 7a. Sd.pd,SdU.S Hampton rici EzpU i IS ica. pa, e.

a. iitmttm Aita. HaapccB llalni. 3tV Meazaui.katrt fV iiV iMeaHoa Ftob. Real.

Do, Block 45.7a. Ed. I ti Dd, 'A rtia. Mt.JaeiaoB. iW.

ML Marram Sa Srkea H31 frop. Cap Copper. 2S 7 iBdiaBand pd.Sdu.HpBV IraBtxSSU tadrSUBtoB.m2tV Lad Lnen. IrV 1A Ika View cocaola. es lft Lflod.

aod WeatABaa. lUplr. iXewj. lrt A Loco, asd WaatAsat, iBTrtUlSH Loodoodarrr, ica. U.

3a. 6d. MISCELXAXEOU3. DaUaur.SU Ubc4a.lH2rV. Mpora.

a 7rV LBdjdnoc. 3S JVi pi aa nmiiaip trrwain jj to a aa4 lftw2anJl to 1 rtBoeabai tXaw) acaa ta H( tltV Gm tisht U) rttt I to TmA. Jaraaaat aosa 1 ta TBkMWar ABB) tlKra wiax. mt. tt ir aafhla LaMnattel T.Loalaa t4 US.

aad KSrl anropoaua ta U7i In tha trabioined official reoorr! (umWi dona triinaaxtions xnarked thua relate to inull bonds, and thoao distinguished thus to an ex ooptional amount at special ratea, Rtocks and anarea mancea mas nare paid no diTidendfor the last two half years and upwards RRtTBH JXXDS. Sr. Twa VTkraautanMCu, TWnk of EaxUad. S3t 7 a iiv: Mcit biaoo Coo, A A Murebla'aXcwChiuu. 4.td.

WaalUt ot XaUoot. si Weat. Aaac. Eiptor. Bd rinaaca.

4 4S Wrt. Autt. Oold rWld.6S64 W. A. Hbara Corp, 10.

pd, a A pa. WnlU FeiUar Be ward. IS IS TerUla CUlma, f) OorasBat.Ord tSri uo, rm rt ark RkTiata.2SSSS StJoba dj.J ker.rt bmiI 1KU lleai; iiaraia. Twbb4 7 krVBarlwa pat Cta, Turktok Gbb, 10 ladia. JS Jj 19S ao, a lua a a a vok.iiar3.u) CUIFORATIOX AXD COUXTT 8TOCRS UXITtD EIXGDOM.

rata or 8Ta Dorr. nut, lut 187 PJf, UtS Jrpool. 13SS lud. feinaeT. 103S VraatBroo.wKB.lllS Oaro rrataGold Khwa at IzlL October retora raaaaceiB Klsa.

4.127 tooa prodoeed USOjs. Rapoaoa Mlaa. 10 too prodnoed 2ox. The following are ciiariges in prices since yesterday, as shown by the quoUtions in the Official Adcc, wnicn waa xnaae up to day at 1 p.m. TTobb CoxroaiTion.

1brmW wmw u. i tm a lutt. mr 1 WBrwawlehl to 180 11, ud JSimlBcbaai (Tkrat aod a Mai )Wi tkpaaS 4V aBa roEB TocsAaxBrtiaianC127a xosal toTtS. ColaaibtaB rzu. to i 2a Anaiuy Oold Bor Dwmr rremt'vr OmL) rxxx 1 ta 91 2 ad iaTdartaa aa4 HaabTCle CIJBiaitUar roaPQBMailcaa (Satood rra'araaaa) rxix 1 23 1.

OauoArsojtB UursLoBdos tad Rlrer naU aoaa to Bcajtcr BraBr Dtrrr. ltaaeheatar.lp,lC7S EkaSaid. 3 13 OOUtXIAI. AXD PBOYIXC1AI.OOTEBXMEXT SECURITIES. XowtaaallaiHl, 190, tS VwMoakad.

1113 H. 107 SV 147. 99 4 Ron IK AnrtraHa. im.1n( Ifml Xaw.aaBta walaa. 1(17 to 1W2.

41 Rktsbb a as Ixacaiaro Brocxa. Oapa.2Sra,X13S14US 14S 14 US. Da, 1924. Iptjt Dltai572s74. ABatrmttas, 1 px, TaamaatoB.4p.e, 115 VHtorta.lu07.lC7S Do.

1920. 112 Do, SS IKS niwBada. 1 Xw EJaod. 4 IHU' 100.. Qamalaad, tSlVM.ll2t Do, lail JO lOSS wo, mat Vi roExiax stocks, boxds.

ac Corross PATkaLB Lmbox. ArnaUaa. 1S38.7SS53 uv. last. Do, FaadiBA.

COS wDo. IJ.Arre.W;er.6,H Brazilian. 1(33. 63 70 Dxi lttS. 66 Do, W.

et Mtnaa Rail, (S IS tKaaooa Arraa. 1SUL Chiliaa. 1S96. 90 UUaaan. IWl ia.

HZ Do.Sbb.87 WO, fcerta. HaacBrlaB Gold. 103V llallaa Imrailoo. p.c 107S Maxieaa.lt a 93 Rnwiao. ltolA 1C2 Do, Hervaa 1S29.102H 4 Da, Bartea lU IMS fpaniib, 4 Be TraotTaal.

ifti TBrkUB.iSB.c9lS Do. B. 33 2S rrBpar.3Spe, TeBazBaIa743S 1UWVOUB. 1 TT. Enplan t'aJfltd.

1C3S Da, Dalra. 1S Oraek MaoopoU. XS Cot roxi Tatab'. Abboab. lrBob.

2p Japan. pj, Ji 5 p.c, 93 rruaUs CwBtola. IC3H RAILWAYS. ORD IX ARY.StI ARES AXD STOCKS. Barrr.

lref 130 Caledonian. ISil uo, rnii. Io. Drf 60i STi City aod b. lnd, SJS 4 (II at.

and rVWeMern. li5S urea uchb, ra Gt. XortlvernTrTtr, lit, Do Def SFt 174S 5S 4S and 4S GU Laae. LOBd. tUod.

Oatbaai. ISA A. aod 8, We.i, 206 4Ht Do, land. Ttlborj. 129 MairoroliiAa.

1C7S Do, Rurplot Laedt. 1S tMat. DUurt, 29H Brit. Do Onl Jt. i Vi X.

Eaatara. liJiitiHTS 8. Kaatara. It Waterloo a Cltj.tA BruhtOB. Dt.

181V. Jand N. ibO 1S9SX DEBEXTTRE 8TOCKH. GL Eaatara. 4 154 Load.

a Ovy.fra.4pB 155S Maa, IJhaffleld. 4S Dab. Mtdbtva. 3 lttS Hnn.lDeh,l(! X. BrltUlu3pa, 11? Lane, a York.

1HS X. Eaatera. JVS. Ill S. Eaatan.

4 aa, 162S G0ARAXTEXD STOCKS. Caledoataa. AaBsltlea. 154S. MtdUad.

Raat eharr. 1S3 141H Do. rrateraaUaL 154U (it. Eaatera. 4 o.

Irrad. lSlVi GU Wero. 6 px. Coca, 19Jt X. Brttlah.

Lo. e. YarkAkira. 133 1US Load. A X.

Weatara. 154S Mao. SbcSald. p.0, JJ1 rRETXEXXCX STOCKS. (Wlt2i djTideodt cob tiaxwo MlbaproStof each aaparata raw Caledonian.

Xo. 2. 149J (it. kaatarB. p.c uo Gt Xortbara.

4 p.o, Ot. Wetitm. Laao. aad York, 4 pe. 1SJS 3 Land, ft X.

Weatarn. Load. A a Weatern. tbU. ISif, Kioiaaa.

p.e. Maa, Sl mald. WSS. 122S po, a BC. IBM.

132 X. BrttlaVXo. 1 4 ul 144V Do, rdin. aad Glaa, 4S A0W7a Do, i 1291 14TS X. Eaitm.4p.o, lU RirniBtx.

4 px, 14o; ius; IXDIAX RAILWAYS. Racial X. Weatem. IE IE. Indlao, 21 Boraoaf.

Barod. 246S ienat Indian. 17SS 6 Da, B. 32 Mlrai.Sp, 1711, Do, 1, ICS BRITISH roUESSIOXS. Canadian US H.rand Treot.

la. Irf. STji Do, px. In ML. 119: 11a, 2nd Fraf, 1SH Do, 3S Ld.

GraaulMS 75 4 Do, 3rd Praf, 10S Do, 4 p.c Deb, 10SS Do, p.c Dab, 125 4 w1 a 4J fS fV. A a a. a a aiaAi Aa Ma, sve MA, "I pBL (Wa Mlnn VBIMIV 49b XyoVwIaj A SaW AUERICAX RAILROAD STOCKS AXD SHARKS. tAtchlaoo. lSrVSSH Atlaatla kin.

Laaaad. 92 Caie MUwaokat. 1 4 tuaavar. tErie. rei, 3S57S rUlaoit CeaU Leaaax, SS Lake Sbnra.

165 tLoaUnlK62S2S Mitaoart. Kanata. 14 York CeatraL MS (Xortolk. FretCiwta. ISS 1 wnanUaaU, 64S 4 Si lid? M.

FaiO. Miaa. U4! futbern. US Union Faoino, loSHS IWabaab. Fral, US 79 CotrwAiS.TaBurBl Xltrata (Pratcraoeal rzu, At Htotaari WMtaTtkioi 9fM (.

IX Ct. AMEEICAX RAILROAD BOXDS. Craxxxcr. CUeaco. Rock Ialaad.

lit Mort, 103 Gold. SoBtbers, let Ml, Uliaoi, Caat, 4 o. of 1963. 122 lit a Manhattan. 4 at Mil.

MaxietB Ceot, 70 MtxlaanXatlatMt. MiwoBn. klaaa, lot Mt, fS x.d. imp, ill iei trtiLaka.dios.ln Irrf cTta, to. Alabama III Anecoenr Valler.

4 px, 1CSS Atebuoa. 4 SIS Do Adjvitt, 44S Bait. A 1'otomac (Main Line). 115 Caat. ot X.

Jeraej. U. Mt, 6 pe, lliSiOS Cl.eaapeake.lat Mt, 113 iJeBeer. a LouuTllle. UulSed.

81! i 1 Baltimore. px. 132. 1CCS X. York Cam, 1933, 11SS SrzaLnio.

renaulTiBU. Caa, Mt, I2SH FOREIGX RAILWAYS. Arsentlsa G' lit Dab, 1C2S tCordoU a Roaaria. Fret, S3 71Elanca.rrei. 4SI B.

Arraa U. Sontbera, 123 Do.Ftc1,13jS B. Arrea and toaenida, 6 p.e. B. Arret Dob, 135S B.

Ajrrt Vr, UK Da, Dab, 114 4 S. Cent. Arrtnline. IVnL UraiBir Xortbers, 4A Dj, lat Ueb 94'; Do, 6 px. Deb, S6S x.d.

Cordoba Cant, ITer, Do, 6 px. Dab, 11S 19 Do, Deb. 1S BanFaBlo.33SSt4. B. BrauL Rio Gran da, e.

Dab, CCS Xtirate, Del, 1 rOREiaX RAILWAY OBUGAT10XF. Caapat. a Caranjola, 6 px, X. of 8. African RrpabUe, 4 o.e 8SS Donna Tbereea, IS px, 71 laieroqeanio ot ai exioa.

6 100S Mlsaa aad Rio. 6 px, S7 93ti OttoouB. 6 e. Dab, 1823, 86S Kaa I. 2nd Daba, 26 p.iOKrua.:, VT.

tt B. Arrta. 6 px, 11JS BAXKS. Load, acd CoBBly. St Loud, and MMlaawl asl Lobd.

aod Weeuniaster. 63' Load. Joiat Staek. 34 3SS1aS Xac Provincial. 45 4S rvpo.12pd,63S rarr a.

30 JHandard of Africa. 63S 60 tToloo of AnXralia. Ocioo of IkindoB. BREWERIES AXD DISTILLERIES. AlUopp.

lTef 163'i Xrw WeafmlDtt r. 9S Barelar. rrel, llfi I rei 14j Bt. LOBU. itt Do, 1 rtf, 10.V.

ftmiU). Garrett, 10fS United fkAtet, IIS Hortblafton. Deb, 1S Bank of Africa. SS, Baoz of X. Zealand.

4 p.e. Gua 132S Brit, of America. 12 A Cbartered of India, iSl City. Hia Hoos Konc 414 Ta Imreeval of Ferata. 31.

Uod a.2Se5S6S Do. Dr. 1JCS 10 BtiUaiO. Dri 10S its; Ctlneatar. Deb.

rree. Ro iaell. Deb. Gninneat. SJi Mile ua.

iKt. us fcl'. 1 Si 15 COAL. Xew YaBOOBTer. A xJ.

COMMERCIAL. INDUSTRIAL. Aerated Bread. 9A.ISSt Hotel CeciL Pref, 4'; Araata Tradloc. A.

16S Bar.er. ITbI, 7S Bclen. 7S BornL cS Brraoi aoJ Mar. 13S BncknalL tK xjL CazaeU. (JUT (JOCM.

1MB, 1UI laieir.sS xx. iUorroaa.ianii2.ar -Electric Coaitmetwo, Pref, Mer BroOera, 2VS F.raB.l. Fairfield frhiDt uiMinx. Pref. IK Goldabrootb Mort, A.

79 Do, B. 26 Cor Jon to, rrar, itA Uarrod't Htoree, Do, Pref, 64 Holtom and Fraasatl. T't iw, AMD, IIlt Home aod CoCouaI. Pref, 6 CORPORATIOX eTOCKS COLOXIAL AXD FOREIGX. Auckland.

px, 1930. 127 Melboome. 4 px 107S IS AacAiana uaro, a px, iut wv MexicB, 9 px, TWA SOS x.d. MoDfreaL4p.e,lltS aul3TBa arb, p.c, 137S Toronto 3S IMS DOCK. But.

Pref. Old, 43 pd, S2S riXAXCIAU LAXD. AXD IXTE6TMEXT. Ho.ard aod Bollouth. 23 JndiaKnbber.

23S Jara.lAS laieb 67 Load. Prodoee Cearlac. 3S A Lorell and briatmaa. Deb, 104 Maitm XordeBtalt, 3A Maxawasiee, 1 Jl Dj, Xotwl Drnamlta. ISA A Feeble Pref, 6A Peek, ITef.

6S riommer. Boidla. 1A Do. Iref, 6S 8aU Union. 2S kanta UiU Nnxata, 3S wectmt Aa torn alio.

3 A Volied Lanket. IS WeUord and bona. 2A WinterboMom. 1(S IBrtt. 8.

Alrtea, ZA iV jo.lebts Deb. Corp, A. Do, Fret, l3r Xalioaal DiacojBt. t4S Aaw imp. Anveatmast, free, wt 2alaod Loaa.

Pr.L,lC0 S9S tFerur.aa 2S 4DoPref Rler Plata, Dau, 10SS U.S. Dab, Pref, 9) IajraatraenL, Do, Dob, 107 T. Merctonu Railway Dab, 6 Prf MA B. African Oold. 6S SA EH Do, Dab tttA TA FIXAXCIAlf TBU8TS.

Army and Xary, Dab, 102 FrreicB aad Colonial, Praf.UlS Da. Del, 50 Cta, Water. Fret, 81 43V Glol. rei, US' tGiiarilUaTDei, ITS Merc and Ceo, Prrf, 13S OAS AXD ZXECTRIO LtOHTIxa. Belsraae, 10S Ooontrof Lon, Prtf.

bomber. Xew. IS id. at licbt. A.

319 17V Brenitaed. Ww. 219 Imperial CooUnataX. 224S Brtxbton and Ilcra. US 7 St.

Jaaat aad FalTmalLvilL Clry of Load, Pref, 17 8. MettopolitaB, 14S IXB7JRAXCE. AHlanee A aaorxaoe. ICS raUUae laeoraaee, 3S Marina. 44S PbobIx.

42S Xorthan, ti4 RaUway PataBtnan, MIXES. Mtmoa kVm. Tj, iotuoa. uou aTMiox, ark xx. jwraora, ij, Copiapo.2 RtoTlBta.W,l Burmvo.

Wa4. aQ Shn, 10 4rV TT1 mtlPHS AXD TilXPMCIBKa. WATER. iBaxWVifl lk. A aoctt I tdl px.

Praf, 1 ka CWUaM jar THE MONEY MARKET. Battboat Etxxixo The prospect of Stock Exchanro and other ro quirementa next week made, tho supply of day to day money rery abondant at 3 and 3j percent, as holders wcro anxious to pi aco their funds at call bat loans for a week, and occasionally into December, wero arranged at 3J per cent. Busi ness was inactire in tho luacount market the tendency was distinctly easier, but ratea were hardly tested the general quotation for three montha bills waa per and rery fine paper could be discounted at 3V per cent. We subjoin our usual table of quotations Day to jFec iborti nay. 1 aanotia.

2 3S 5S 4 PX. DUeoont (Bank lUlal. 4 Beak of Kaslaal Eata or tnaeonat. Baakof of AT" be. peine at pxj 4 px.

on Oct. 23 troca px. I 4 i I a til a. I mtba. JSP1JS 4px.

The Return of the New York Associated Banks shows that they are still rapidly growing stronger, the specio and legal tender averages being again increased. Last week' the metallic reserve increased most, but this time the legal tenders show the 'larger expansion. The, total reserve has increased by 2.258,000, being 29,676,000, which is 5,801,000 inoro than the legal minimum, against an excess of 4,700,000 last week. In addition to the cash received the deposits ha Ye hoen increased by the granting of 1,910,000 more in loans and discounts. The Stock ExcnAxai was quite inactire.

Foreign Government bonds, especially the Turkish issues, wero firm, and Mining shares, in which tha account will be arranged on Monday, wcro steady with a fow advances. But American Railroad issues were dull, and in the Home Rail way Market there was a general decline in the heavy stocks. In the Market fur Home Government Stocks, Cox sot closed unchanged at for money and llOjJ for tho account. Bank of England stock rose 1 to 3271, and tho Indian Threo and a Half per Cent, sterling loan to 119. In tho Home Railway Market tho chief feature was tha.

weakness of the "heavy" stocks. There was a fall of each in Lancashire and Yorkshire to U7J, Soutn Westeni Deferred to 74, and Midland to 1GG and of each in Great Wcs'tcrn to 174, London and North Western to l'JOf and North Eastern to On the other hand, North British Ordinary and Caledonian Deferred both rose to 4SJ and 601, and there was also a rise of I in Great Northern Deferred to 54, and of each" in Great Eastern to 1071, Chatham Ordinary to 18, and Metropolitan District to 281. The Axericax Railroad Market has again received sufficient support to raise the level of quotations above parity, in spite 'of the usual Saturday realizations. But owing the fall in Wall street yesterday prices are still slightly lower1 for the day and show a fall of 1 in Atchison Preferred to 251 each in St. Paul to 78, Northern Pacific Preferred to 26, ditto New Preferred to 35 j.

Southern Preferred to 30, and Atchison to lu and each in Norfolk Preferred to 18, Erio to 16f, Central Pacific to 16j, Philadelphia and Reading to 15 and Denver Common to 131. In the usually active bond list there is a fall of in Atchison Adjustment to 43 8 in ditto New Fours to 813; and 1 each in Erie Prior Lien to 93. Philadelphia and Reading Foar per Cent. Certificates to a2, Erie General to 061, Northern Pacific Fives to 67, Philadelphia and Reading First Income to 60, and Wabash Debenture to 25. Caxadiax Pacific Railway shares closed unchanged at 91, but there was a fall of each in Grand Trunk" First Preference stock at 32J, the Second Preference at 18, and the Guaranteed at 41, and of in the Third Preference at 10.

Mexican Railway First Preference stock advanced 1 to 761. Among South Axericax Railway issues Buenos" Ayr es and Pacific Preference at 91 and Cordoba Central Fire per Cents, at 119 arc each 2 higher. Cordoba and Rosario Four per Cents, at 95 are 1 higher, and Buenos Ayres Western Deferred shares at 8 are higher. San Paulo shares at 331 aro 1 hicher, but Donna Theresa Christina Five ind a Half per Cents, at 79, Campos and Carangola Five and a Half per Cents, at S9, and Central Uruguay stock at 91. are each 1 lower.

The Foreiox Market was neglected, the only important movements being in Turkish stocks, Groups A and advancing 1 each tb'CSl and 32, to 20A, and to 20. French I'hree and a Half per Cent. Rentes rore 1 to 1041 and Italian Rentes vV to 90J. Spanish four po? on at .1 1 a rtl I me nana, neciineu 10 oos. unman iojo closed 1 higher at 83.

Jinsmess was very quiet in tno general ilixixo Market, even for a Saturday preceding the account, and few changes in price took place. New Zealand shares again showed stronrth.Waihi rising to 7. Indian shares were dull, Mysore closing lower at 73, while Nundydroog and Ooregum Ordinary foil cch to 3jV and 2. Mount Lyell rose yV to 8. Among Western Australian companies there is a rise of in Lake View Consols to 7.

in London and Western Australian Exploration to.l, in Goldfiolds to 6 and each in Lady Loch to and Mount Jackson to 1 but there is a fall of 1 in Iranhoe to 9. The South Africax Market waa very quiet, but the approach of the account led to a few repurchases by boars," and prices show a slight general advance. De Uoert Diamond shares fell rV to 29A but Jagersfontein rose to 10. In Finance comnanics Consolidated Ooldfiolrla nxn to 8A, Exploration 1 to 2j, Johannesburg Consolidated tV to 2jJ, and Gold Trust i to 6 but Among Gold shares Comet to lg, Crown Chartered fell Afrikander roso 1 a A1 a a a 1 jV to 2. Among liom snares li.

Reef 1 to 101, Driefontein 1 to 2, George Goch 1 a a af a. to if, uinsoerg to if, uiencairn Alain Reef to 2t, Henry Nourse to 61, Herrot 1 to 8, Jumpers to Royal to 11, North Randfontein to lg. Primrose to 4, Sheba to 1 Aran Ryn 1 to 3f Rand to lft, and Wolhuter yV rr On the otber hand, Citr and Suburban tell to 3 and Transvaal Gold Mining Estates to 5. In the Miscellaxeous Market Northampton Brewery ruse 1 to 12 and Royal Brentford Debenture 1 to 112 but Hbaro Preference fell 1 to 131 and Reid's Preference 1 to 1461. Eastman Ordinary rose I to 4, Jay's Preference to 6, and Vic ers and Sons 1 to 26 but City of London Electric fell 1 to 16, City Offices Debenture 1 to 1091, Peebles Ordinary to 6, and Humber tofj.

The Bank received 5,000 in sovereigns from ladsbon. There was little or nothinrrdoin? in tho Silver Market, and the price of bare remained at 20 4d. per ounce. Among Eastern rates of exchange Shanghai telegraphic transfers rose d. and Bombay Ad.

Rupee Paper was unaltered at 63, the Indian price falling tV to Rs.100 Rs.lOOjj. The following exchanges on London for the dates mentioned wero received by telegraph, and previous quotations are added for comparison Exebasc co Loadoa at dataa. Paris, fiieques. Brossels, do. Berlin, sight Vieaaa, sight Italy, sight Madrid, sight Lisboa, sight 8t.

Petersbarg, three monlEi Bombay, T.T.. CalentU, T.T, a g. lour monies Shanghai, T.T. Yokohama, foarj moo las Bio. da Janeirol Valparaiso.

90 days' eomL Boeooa Ayres, gold prtuaiom DOaVapardoL1 XOT.li. 25f. 25e. 25f. 28e.

20m. S9pf. 1211. 12A.09J 28 lire 60 Slps.80 38Ad. 93r.25 Is.

SAd. is. aid. 25f. 25e.

25f. 28e. 20m. 391pf.i20m. llfl.99i 12tl.09 26 lire 55 Slps.80 2s.

ld. lid. SJd. 184 p.e. Xo.20.

Xot. S. 25f. 25c. SSr.SO 2s.

3d. Is. 3Ad. 2s. ljd.

2i. lOJd. 2s. ld. Ad.

17Ad. 15 p.c. lC 7Cd. 39Jpf. 1111.094 93r.25 ls.SrV ld.

ls.3ft.Ad. 2s. ld. 2s. lid.

prtyoaala for a peitletaeat are now belag Caai4xi try Uetigres. Bovril (British, and Colonial) (Limited) has been formed with a share capital of 2,000,000, divided into COO.OOO Fire and a Halt per Cent. Cumulative Preference. .750,000 Seven per Cent. Ordinary, and 750,000 Def twTcd shares, all of 1 each.

There is also 500,000 in Four aod a Half per Cent. Debentoro stock, redeemable at 105, on six months'' notice. The company will scqnire the wholo assets of Bovril (Limited). The porchase price is fixed at 2.500,000, payable in cash, shares, or debentures, or any of them, at the option of the directors. There are two points in connexion with this prospectus which do not seem Satisfactory, though' they may, of course, be susceptible of an explanation.

First, as to the capitalization. A snort while ago the business of the old Bovril Company was sold to Mr. E. T. Hooley for 2.000,000, and it is now offered (to the public and, incidentally, to the old shareholders for 2,500,000.

We must assume, we suppose, that something haa happened to add 25 per cent, to the value of the concern since the beginning of October, though) jit i not easy to imagine what it can be. Next as to the estimates of future profits. The net profits of the old undertaking for the year ended, June 30, 1896, wero 89 against 57,605 in 1894 95, an increase of about 54 per which is a very rapid rato of increase but those who are responsible for this prospectus look for an even more rapid rate of expansion in the future, since they anticipate that the net profit for the first year of the new company will approximate the sum of 150,000." Surely it'; is hardly prudent to assume that the rate of progress will now be as high as 66 per even allowing for the expected increase of the business abroad. The Australasian Gold and Finance Corpora tion (Limited) has a capital of 200,000, divided into 190,000 Ordinary and 10,000 Deferred shares of 1 each. The present issue consists of 100,000 Ordinary shares.

Every applicant for 50 Ordinary shares, or multiples thereof, will have the right to apply for two Deferred shares for each 50 Ordinary shares. The company ia to pay the vendor 30,000, payable as to 5,000 in caih. further by the allotment to him of 15,000 Ordinary shares fully paid, and tho balance by the allotment to him of the Deferred shares as fully paid, subject to the arrangement previously referred to, with the alternative at tho option of tho director to pay to tho vendor par value in. cash for any number of such Deferred share as they may demand up to 4,000." This Eayment is to be made fur certain options and usiness mentioned in the Stewart, and Watt (Limited) is an amalgamation of bakeries, tc. It has a share capital of 160,000, divided into Five and a Half Jar Cent.

Cumulative Preference and 80,000 )rdinary shares, all of 1 each. The present issue consists of 65,000 Preference and 65,000 Ordinary shares. Applicants for Preference i lnvwi will Vwn AnTlflcaB va nnlv ttm rA Vi vat. S9XWftVli 'I ill VittwVA kV Ball SW 1 I OP allotted to them at par one a)rdinary share in respect of every ten Preferenca shares allotted to thorn. Tho vendors will take as part payment of the purchase money the whole of the balance of the Ordinary shares which ahallhot be so applied for.

The company will acquire' the businesses of Messrs. Stewart and Callard and Callard, audT. Watt and Sons, bakers, I The purchase price haa been fixed at 120,000, of which 55.000 will be paid in cash, 6.500 in cash or Ordinary shares or partly in one and partly in the other, and the balance by the allotment of 58,500 in fully paid up Ordinary shares. The Anglo Swedish Steel Tube Company (Limited) has been formed with a capital of 75,000 in 1 shares, 60,000 of which are now offered for subscription, for the purpose of acquiring and extending tho tube making business of Messrs. Smallwood and at River street.

Eirmincham, tocethor with the freehold properties, woras, machinery, plant. and atock in iraue. mo purcnaso price naa oeen nxea at 65,000, payable as to 15,000 in shares and tho balance in cash or shares, or cash and shares at tho option of the promoters. According to Stubba's Wtfkly GazttU, the number ot failures in England and Wales gazetted during the week ended November 21 was 148. The number in the corresponding week of last year was 153, showing a decrease: of 5.

The number of bills of rale in England and Wales tegistered at the Queen's Bench was 152. The number in the corresponding week of last year was 151. The receiving 'orders gazetted number 91, showing an increase of 3, and the number of registered deeds of arrangement was 57, a dorreaso. of 8. In Ireland there were 56 judgments registered, an increase of 6 bills of sale 5, showing a decrease of 2 bankruptcies gazetted were 2, a decrease of 2: and the registered deeds of arrangement 4, a decreaso of 1.

Tho Scotch returns show 23 recorded protests, an increase of 3, and 31 failures, being an increase of 5. The totals fur the portion of the year to November 21 are of sale registered for England and Wales; 7,028, a decrease of 582 the receiving orders gazetted number 3,731, a dacrease of 195 and the registered deeds of arrangement 3,116, a decrease of 211. In Ireland the totals are Judgments 2,012, a decrease of 120 the bills of sale 278, a decrease of 7 and the 'bankruptcies gazetted number lil, an increase of 17 and tne registered deeds of arrangement 202, a decrease of 9. In Scotland the totals are Recorded protests gazetted 899, a decrease of 51 and the failures 1,172, an increase of 26. We have received the followingnotices Depoaitors in the Commereul Bank of Australia (Limited) are remitvW that the hew docomeata are now ready, aad will be exchanged; for the onmmvl receipts or interim receipt on their being forwarded to tho London office, No.

Biahopsgateatreet within. The second Latch of allotments in the liisunnces Corporation (limited) has been posted. A farther batch will be potted on Wednesday or Thursday next. The Wtsteni Australian Bank has opened branches at Albany and BlackfUg. The London agency of the Msntitre Insurance Com pany (Limited) baa been removed to temporary olEcts at Xo.

SO. Cornhill, E.C. a Messrs. Gonzalez Byass and Co (Limited) (of Jerez de la Frontera and Oporto), wine shippers, have removed to No. 110, Fenchnrch atrect, E.C.

The Scottish Equitable Life Aasurance Society have removed to 19, King WilHam street, E.C. 2k THE BELGRA AN. TO THE EDITOR OF THE TIMES. Sir. That my silence should notice eonstraed as at 'cajt a partial a.

jittanec of. Mr. Jakonich'a assertions in your issue of the 17th in.t., I mutt azain appeal to your court? ay for a last word. It is ahsolttely false thst Mr. Jakonich showed me a document with the seal and signature of the Burgomaster, and I have nrrer verified soch document.

All he did show me was one of those answers which the Burgomssterj of Belgrade had written to numerous persons who inquired about the conditions of the loan and asked if tbev mirbt send an Offer. Such a letter it is that Mr. Jakonich considers to be a formal document authorizing bitn to seirotiate oii behalf of and for t'je rrnmicipalitv an raterrirtrUtiori which the municipality empbaticatly refuses to accept; I have the hoaour to reraain your most obedient servant, CHED. MIJATOVICH. The Bervian Legation, Nov.

21. The Womex's; Ixdustrial Cocxctl. The annual meetinr of the Women's Industrial Comieil waa held on Friday at the offices, Buckingham street. Mr. K.

B. HAidaae. y.t:., M.P., preaided. and there was a large attendance of membeas. Mr.

lis Mane wss reelected president, with Miss Catherine Webb and Mr. R. 8. Oat nett, secretaries. Lady Henry Somerset, Miss Cnentma Black, Mrs.

B. FhiOimore. Mrs. F. G.

Hogg, Mr. Btephea Fox, and Mr. Herbert Burrows were elected vice presidents. The report and lUtemenk of accounts was adopted. On the motion of Misa Honor Morten a resolution was carried to the effect thst all asylum attendants ought to be trained in the theory of their profession, sad rerrettmr that the Indon County Council held out bo hope of rediicing tho boors of atttadsnts in.

the iiietropolitaa asyhnn. Mllx. Heymaxx's Rrcttaiji. At the third and last of thets pianoforte recitals, which took place in St. James Vhall oa Friday afternoon.

MUe. Hirrmim. ernyed a sonata by Beethoven, but although her performance was fluent enough and once or twice not without its good points, it was, on the whole, singularly deficient in both breadth and charm. A furoeby MUHucii.wat awouBtera raiucr ooacaze aj toe Ijeeao tneaally. rapid Umie adonted by the rilaaist.

and wbila With reference to ''thii CalnfnMjin Ttnrit. wa am I rveaI orUw variaiomaSchnl)rt informed that the Council of Foreitm Bond "I a auli ui4 tkUUt ai, 1APJW( JMilUj, OEtu tS4 nOflMM. na tt amJCAriew aowiorwx.U jtm xbvKJaMi, tm, PAQUIN, IJ1VIITED, and 5, RUE DE LA PAIX, PARIS, and 39, DOVEB STREET, LOSD03T, W. INCORPORATED CXDKR THX COMTAXIXS ACTS, 1952 TO 1390. CAPITAL mmi 500,000, DIVIDED 1XTO KJXa CubUUtb I per CbbI.

Prafanaea Blaraa of each tie Dirldead et I par teat, par aassaa wSl forSywarabytba depoatt wttA Lbe Raakaxs af tCwaanyla Zxodaa of Ealiak Ceaaela and FreBeli gTSsOOO ralaa. mi. mi i iilil li HTTl amkuniirtiilta tiTinjmasI if taililnkan yrlaa: rae 168.00 ORDIXARY SHARKS aad 60DM yRKTXRKXCX STTSKKS. Iscltf flOaCOa Biilch baa bate SBartxtaad tor ARK. XOW OFFERED for STTBSC1UPT10X.

Payabta aa FaUowa Frafttwaee Saerae 1 par Share on Appllratlea. 1 pr Sbare eb Xa ttBaet. aad 3 ae the 29th Dteatatar. 19W. Ordlaary Sxarea 2 St.

par Sbaea ae Ap41oatlaa, Sa per aXafw axa An4meBl, aod lSa. oa the Qth Daoatkhar; U9SJ Tberi rfe wiee rlnAreawMU Drtilaad of trntemx. par azaaaa. payable half yearly oa lit Jaasarr aad ltk Jaly ta eaeh year. Payiaeat of tl Dirldaad tbe Pratarie Saarea baa tm raaranteed for Are yeara Uvey win alao be eatttled to task 1a ret of Capital oa lbe Property lnr jmM aftliatwOmpaaytaptiorirF to tlM The Snt Diridawd will be calealatad from tle daUe of tl Iaatalaaata.

Attar paymcBt at 6 par eaat. dlrtdaed eo Lba Pref aresca Sbarea, 2Q percret. lbe tarnlna aat rraSt wtn tba faraatloB of a iattcia faad. wata tha warn, tnaaf bar will, the Wertlaa Capital, tball reach tie tarn of ggtLga, ar aee. Vmlast 16 the fall aaaoat af the FiBbRwaea Share CapitaL.

TBrrefefWM8Direawi3tetlMflr apOB the BBdertalrfnr. aad ma DabeBtnra Debt or Mertfana wU PS created naleas aothorlsed ly a neolatloa of UtiwKoortha el tha Shareholder at a rpteial meetiaf. In DIRECTORS. JOHX BARKER. Chairman John Barker aad Co, Ltd, Chairman.

JL. J. XEWTOX. JJ. Chairmen Bamd'a torn, Ltd.

and J. B. RobarU Storea. Ltd. JAMES BAILEY.

MJ. Director D. U. Eraoa aad Co, Ltd. aad Spier aad road.

Ltd. PAUL BKRXHAKD (Berabard. Carpaatier, aad Co, Eankart). raria, ISIDORE PAQULX. ManafiBc Diraetor.

Roe da Pais. Paria. BAXKXRX. PARR'S BAXK, IJmited. BtftbalomawAaa.

E.C BROKERS. 70TTT TTri'lT ami TT. Tin naeaip pi'wi ilitei TT SOLICITOS. ALFRED R. GERY.

2. Ytra tzreat, Orfoid etreeta W. AUDITORS. CHATTERIS, XICHOLS. and Co, 1.

(joeea VTetorla ttreet. KC. SECRETARY (pre tarn.) and OFFICES. THOMAS XEYELIa. LeadenhalHBildlBj.

Leaball taaa'. Z.C This Company haa beaa formed ta aotroinaaas tecBOBeara aadexteod the protpa ooa bcaisca ot Meeara. Patrxla bbA Co, the weU kaowa Ia41e' Draaa. EoU. and Mant JJalen.

Roe da la Pali. Parla. Tha marr 'UcBt rnccata af thia bcainata, at ahown by tha Aeconntacta' eertiaaato. tax iadoeedthetroprieaarstoiwMria BpoB a fnrtber Important enaction by openlas a braaoh ettaMlibaeat ia tie Weat end of London, and ratable presalata at 39. DoTer etrpet, Mayfalr.

hara been aooBired on wry favoBrabl, tarma. The hitter et (hit boaineee la probably caa et tha moat remarkable eter told ia eeanexioo with iadaatiial inrmtati. The Inn of Faquia and Co, aa at prreent eoBatitated, tegaa baaineia In 1231 on a ery moderate eeaia. with a weTkhrg eapttal of lets'thaa 3.000, wtth which, owiar to tha sxeaptiocul abillry aad taeta of both Mr. and Madame Inia.protV ab'e molt were obtained ereo duriat the first ywAfa workiax.

to that after protidiBC for Mr. rxtjBin'i pertcaal remoBtrv Uta. the lauBCbeat for 1131 ihowad a net profit of Trxaes UtCJ is sX) U92 9S.S54 (. 1X74) mi X15.Q 1834 a (21.063 1S95 UTaSM whiltt or 1I the net proCU are ettimated at abemt LSC3J03 f.KXOXl Durlna the first nine montha of 1236 the tarno ar waa 31 par cent, iraater than dariag tha cortetpoodiat period et 191; Mr. PattnlB.

therefora, coaSdeatry expacta that the set profit for IS38 will ahow a cotroepoBdiaa iaoreaae. In tpite of the firm' coaetaatly (rowinc reputation, which would have permitted tbeaa te maka a aaeh larfer peneal ae et plrofiu thaa haa been actually obtained, the object eooataaUy kept la TiewHaa bees ta earn iscreaeai prosts by aa ealarg toroorer rather than by a tree'er ratio ot proiL. That the batineea has raiehel tta prearat forereoat potitioa ta tha trad, and a aalid baaU for farther extenaioa haa been aatablltbed. It it well knmrn that the anfocracy of all conntriea. at well aa moat ladle of wealth aad faahloo, patronize Paris ta w'aremcw to any ether Btttropoli for the tapplyof their droeeea, aad It may be aeaarted.

wtthoat fear of ewntradletiea. that n. Pari! ban as haa made' tooh rapid atridea aa Pafjnia aad Co. in the exteoaion ot Itz Tint) net, aad ia attranfinf a of the elata. aad ia acqalrinz a world wide repntatioa for nortlty of deaifa.

rxceIloee of tatt and wotV meatbtp. The tum hariax reched etry UrxaiUmeBtiona, tbareiaprao lailly aa lees thresth bad or eld atock. aad la (pita af the rapid srowtb the be Mam aad itt nuny Ihoctind cnttosaert all kTcr tha werll, tha afzrecKe loeeaa tkrowB bad dobta hare not exceeded 2 per cent, of tie ailea. The aeaf tta Par a lu loe.a ia th, Ena da la Pals la lneaa et tTi tiear ti aila waftaa In Ilia aliula al riila. aud Ilk premiat which baeilera a quirodfor the Lo.doa Branch at 3.

Dwreretreet. Mayfalr. are alto aaoet citable far the rasuiremeaU of il 1 1 par Scalar trade. Tlw PerU prmlwitrj he'd Bnderlea, fr aa asexpiral tartaef eishtytnra (with the axeeptioa of a imall wtrkhwp atXo.4, Raedeltraixtataraatalof 140, aod ao deaU aotkfpated aa ti tba 7 tunt'i ttifTllj In nine in f'lr tanti, Tbe Loadoa Itaiejold aaitea are laid for a tarn of treeo. fowruoa, or twenty one yean, at" a tea til af L0S0wtth aetiam to renew ap to flLy yeara.

or to pnrchaea at a eer moderata prica. The exiatiaf arraacemenu with a nuaierout aad axpeileuoad ataS af Mlltttatt aad azspleyia. BBmbariBa aheatSSCL earefnlly trained for thlt baiin ta. will be continued, and it ia proposed to stake a jn IHmi aniT TThrral aHnf mailt itftkt Share Capital upao arpiictUooa receleed from tba ataJE, aa well aa bam cajtaaMts, to that they auy hate a direct Interaat In the Incrmtinx rrorperity of lbe botinea. fill thi mmlinri rf Tbi TT'tnl tri rrn liril hniinmi mnn miint fail tlfTi nttinr iiiiiiimft itr hnrrfita Mr.

Papain Joiai tie Eaird aa Manadnz Director, and tech ha aad Madame Faqaia. the faqaderi ot Um bqatsaaa, haea entered into an AfTeetnen; with the Company tocoetinoe the acUre maaacemeaiof tha batraea for a tanzual not lata 'Tll fire yean, at a Joint talary of 2.400 per annum, which ia to be asfmeated oot of the rmapanT'i aekprnflri raiaalnlai aTBlatia after proritloo for (II the per Cent. Cnmulatire Dieidend ca the Preference Share (2) the 20 par cent, al the renainlrn profUa to be set aride for reeerte. aad (21 IS per cant. Dividend an the Ordinary Sharee.

The aorploanet profit alter irmaioa of 13 per cent. Wridend for the Ordiaary 8aaxea haa beaa male it ta ha dUrldad la equal moletiet i bet ween Mr. aad Madame Paqoia oa Un one aide and tha Ordinary MiareboMers ca tha ether. Stst. Caatteria, Xkrboli, aad Co, the wall known Chartered Acconntaata, hare exaaUaed tha boeka aad acoaeats of certiflcateatto prollu earned is follow Qaeeo Yktorlt atraat.

a London, E.C, 11th Xo tmber. 1T35. To the Chairman aad Director ot PAQCIX. limited. Oentlemee, We hare inTettixatad tba AceoaaU ot Meatiears Paqnla and Co.

carryln on htuineat aa Draas aad 74fflt Makara at 3 and Fail. tho yetnediBx3Itt December. 11 Stock baa beea takaa, aad the Beoka. wkiak are admirably kept, have been balanced annually. The foUuwinc have been tha net profile, reckoned at tlva exehBn(a ot fnscs 2S totha ttarSnc.

ror the year 1231 Francs IJJttioO ISC. 2 10 Do. ltS2 e0. 3474 3 13 Do. 1233 31S.S23 15 I2.o33 21 Do.

1231 82LC53 43 32JC 2 9 Do. IKS U70.3S4 43 41239 15 I Tha Sale tor tha niae moatbt eodlnj 23th September, 1ES, were npwardt et 31 per caat. ia azceaa of tboae for the ests ipondir period ot IMS. that ihowinf a contianance of the ary remarkable pt otiea of this boaineta. The Bad Debu for theariod hare beaa alxwt 1 per ceat.

cn th tSalea. Ample depreciation ha beea written off. We are years taithf ally. (Sifoel) CHATTERIS. XICHOl aod Co, Crv Ted Acwirtant.

The price to be i aid for the whole ot the Talaahl laaaeneld rrojertiet, iaclodinc atock in trade, the (codwill of the loeiixa tne ax'nrot, flaJnaa, farnUare. electric inttalation. aad 'the tooda. chattelt, and agacta cwaacted with tba baai 2.403 tor recent addltloot. haa beea fixed ly the Yendora.

who. aa protcoten. make a profit, XUOCtO. pataUe it twUtiC0 ia csth. aal 83.333 in Ordinary Share, and C213.SS7 either in Preference Share, Orliaary 8 area, or eaea, at th option of the Company.

Tba current financial year of the Loelceie wUl riot on the Hat December next, and the bcaloM. teether with the bneflt of aU'contracta made and rofita accTulni aa from that dite. wlU latTtaleaorer by the Company. InHea ef pros for be earreat year, latere; ca the retpectiee Intialmrata from tbi datet ot payment ap to 21rt December next. the rata ef 6 per cent, will ho paid to tba heldert ef Preference Share, and as the rata 10 (or eeat.to the holder et Ordinary Stare.

The book delta are to Uroncctel by the Company for aeoocatot theYendcrs. who wa, oath other hind; diacbarte tU liaUlix'e cp to the aboeKBamUon Tie ltiTB? er of the Iraaiaea ta the etBTtpoeUaf period laat year, and lbe net pr.fi ia anticipeaed to exceed E60.0CO, i It la iBlended. aa acta aa tha neceaaary arrtoreaienta caa le nude.te emrL tha lncre, wj Worldns Capital lath ertabliatmen'. of a fur departm eit. aad the farther exteaxlca ef a department tor the tale of ltdiea ki wkkh waa open a on a very email tea aKnt eight mcntha ajo a department which bold est oeefy hop ot eocaiderabla and ahocl also maiarully add to the Compeay'e income.

Taking, bower the net profit at only 93.003 a year aa a baaU. there will be required to 8 1rcent. ltCBJ 10 eent. DiHdead oa the Ordinary Shan tSJXO Toial 31031 larini a rarploa of 23.00 for reaerre.bor.nl to Mr. aad Madam Papain, and additional dltarnd ca tha OrdinanSharas abot 13 per o.

nt. It wilt thu be area that tta p. eeent tut iccem oarer th azoca. required for payment of dirUlead ca the Prrfereaoi Sharee aboot four time eter. Mr.Iialiaaaareedtodeittbeeq ta Freoeh 1 aTcwofc zieBiee wrM twaBaBa.laiBut tha par eent.

XMridend cathaFief Share for the aext St year. lron" new lntion nrancx qaite apart from the continued naloral irowth of the Tarn blMbmeni. an annual net profit iBtScient to pay IS per cent, dividend oa the Ordinary Sham may aooo ta anticipated. The followinc approxiaaU preaeut Mark quotation ara aa indication af the appreciation tawl the puM hold inreatment in wellHBaoarad (iiccasaf al indaatriat ta uiBeaara. mo, of which were broujht out aadcr tha aame aaapice as th praaant isaae rrefennes Share, ranking behind Ordlaary Share.

a DaUntnxe Iiaua la each caa. HARROD'8 STORES. Limited, formed ta 1S23 1 Share. SUV 5 Shares 7 D.n.XYAK3aad(IJadtad.io 1 'sfi 44, I 1 a 3C J.R.BOBERTZP STORKS. Limited.

irBed In 1231 1 4t I Jl Jll 3 JOHX BARKER and COMPAXY. Umltad. formed la 1394.. 1 5SV 8y 5HXS Sli I Tlw aaUerlpUce a part ot tho aaear the 100.000 cat peya 1 oa accoBot of pcrrtnaa money, aad the 103.000 lor workiBt rap taL heatneas will be taken eter aubfecito ail rxlatiaf eoBtnct tt the ordlaary trade eharcWjoni. hrrir.

as they 4a. aaaaaroas oias elth arat eoaJ l.lalBdlBce Mr. Iaidora Paem aad the lDdaatrl.1 Catraet Brrfkatt, gBetaUMto1u aad sate warred all ttghu to be aupBOed with partlcalan of inch aoatract. and to hare apwad wtth the Compear, a Traz4ae lertawI(mtonaa4 claim what eeerr er to lake any p( waadiasatet2 aald aectlon. or aader the UahOit, Aet.

1S33. la raapaot of aa, riooarpUaoo. wUh the aaU aaetta. er other sea StolnaBta.cwof aaeatili mai, ta the tine aibIlef UiatUllUaa. t40cAlMbeaa UdtieCwgyTlmltBd.

Vandora, aad the Comp. fninl.i a. anil an Ijiai.a.ial retaOac to the acletskeats Paquia aed JarJkejata ae Maaaiwwa aad Kaatactec JStrantor rarpaetl aly. at thata I piamauta, of the laeraBraadiiaa aad AMclas af latnilillim. ami! at Hie wllllijai i at Waasrs AwloMwawUaW be wade eti tea forat aeoosaas4tal2rrn pi a wsraea to ran Baak, Uatttad, BarlMo VSr ta.

1 wir.