'Lord Curzon's Notes on Persia: About 1889-1890' [‎698v] (1417/1486)

i £74,84'/ and ti4£ per cent. The net revenue amounted
f to £48,940, against £41,561. Ships of a total ton
nage of £397.996 tons entered the Alexandra Dock in
^ the following proportions (exclusive of vessels enter-
’ ing for use of dry docks only) viz. :—Steamships
310,046 tons ; sailing ships, 87,950 tons—an increased
tonnage of 37,491 tons over the corresponding half
I; of 1»87. A Bill has been deposited in Parliament
authorizing the company to dispose of their under-
* taking to one or more of the companies mentioned in
* the Bill. Negotiations are proceeding for this purpose
1 with the North-Eastern Railway Company, the results
1 of which will be stated to the proprietors at the meet
ing, and may form the basis of an agreement to be
embodied in the Bill, which will be submitted to the
proprietors for their approval or otherwise, at a
> special meeting, of which due notice will be given.
1 The half-yearly meeting of the MIDLAND GltKAT
1 Western Railway of Ireland was held vesterday
at Dublin, Sir Ralph Cusack presiding. The report
of the directors stated that there was a net increase
. in the working of the line of £10,245 as compared
1 with the corresponding period of the previous year.
The net revenue account, after providing for payment
of working expenses, interest on loans and debenture
) stocks, and rents of leased lines, shows an available
y surplus of £86,666. The dividends on the preference
stock amount to £21,279, leaving a balance of
' £65,387, out of which the directors recommend that a
r dividend be paid at the rate of per cent, per annum
i on the consolidated stock of the company, carrying
i forward the sum of £12,062 to the credit of the next
. half-year’s account. The chairman said that the
traffic receipts had increased during the half-year by
' £10,247, and the increase during the whole year
! amounted to £17,520, while the expenditure was only
! 46.J per cent. The result was that the dividend was
higher than it had been for ten years. He took a very
cheerful view of their prospects for the future. The
report was adopted.
The 105th half-yearly general meeting of the
Southampton Dock Company was held yesterday at
the offices, Bishopsgate-street within. Mr. S. Mac-
naghten presided, and in moving the adoption of the
report observed that for the last seven half years they
had been in a state of famine, but he hoped to be
able to show them that there was a brighter future
before the company. They were enabled to declare a
dividend at the rate of 1 per cent, per annum on the
; ordinary stock, which some persons had thought was
iu a state of perdition. The expenditure on capital
account in the past half year had been entirely con
fined to the new deep water dock. It was only two
: years and ten months since the Act was obtained
authorizing the South-Western Railway Company to
subscribe £250,000 towards the construction of the
new deep water dock, which would have been ready
7 for opening in May next had it not been for an unto
ward accident, but they hoped that in the autumn the
8 dock would be open for the purpose of admitting ships
9 of the largest size. The gross earnings for the year
8 1888 had been £97,277, or £7,889 more than those for
8 1887 ; but comparing the working of the past half-
' year with that of the corresponding period of 1887 the
6 result was still more satisfactory, the gross earnings
3 for the past six months having been £48,163, or £7,257
more than those of the December half of 1887. Al
though they were comparing with a half-year in which
0 they had had the benefit of the naval review, 95 more
0 ! ships had entered their dock in the past six months
° than in the corresponding period of 1887. Perhaps the
7 most satisiartory point he xmald mention wrch respect
1 to their working inthe half-yearwas that although the
7 total receipts had been more the total charges had been
3’24 per cent, less than those for the December half of
3 1887. Deducting £1,500 from the suspense account,
5 as it stood last year, there remained a balance of
; £7,496, which was mainly composed of two very heavy
items of expenditure incurred in the restitution of the
1 pumping engines and in making a new pair of gates
for the inner dock. They would be fairly entitled to
; spread this suspense account, over a few more half-
years. The Harbour Commissioners of Southampton
had undertaken extensive dredging operations, which.
would greatly facilitate the working of the new dock
by enabling ships of the largest size to enter and
leave the dock at all states of the tide. This was a
measure which reflected the greatest credit on the
! Harbour Commissioners. The South-Western Railway
' Company had accelerated their trains in such a
manner that one could now reach Southampton from
j London in an hour and 39 minutes. That had placed
(; Southampton in favourable contrast with other places,
j and gave them something like a hope in the distant
future of its becoming the Liverpool of the south. The
advantages of Southampton consisted mainly in the
fact of having eight hours of the 24 available for
) docking and undocking ships. A new line was about
; to be opened by the South-Western Company connect-
[ ing Portsmouth more immediately with Southampton.
Their earnings for last month had largely exceeded
’ those for January, 1888. He congratulated them on
i the reduction in the outstandings. Mr. E. S. Norris,
) M.P., seconded the motion. The chairman, in answer
' to questions, stated that their claims on the South-
Western Company had been under consideration for
years, but when that company seasonably came to
their rescue with a subscription of £250,000 towards
the construction of the company’s new dock, they
thought the time was not opportune for pressing their
claims, which, however, were in abeyance ; they had
not been abandoned. For some months their super
intendent and the manager of the railway company had
been in communication on the subject. The Hon. R.
H. Dutton, subsequently stated that any claim of the
dock company (of which he is a director) would be
fairly considered by the railway company (of which he
is chairman). The motion was unanimously adopted,
and resolutions were afterwards passed declaring the
dividends recommended and re-appointing the retiring
directors and auditors.
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The report of the directors of the New Explosives
C ompany (Limited) for the 12 months ending De
cember 31, 1888, states that during the latter
part of the period the business was not so satisfactory
as at the commencement. The profit and loss account
shows that there is an available balance of £4,971
after adding £2,000 to the reserve fund, making the
total £8,000, and it i» recommended that the sum of
£4,500, being at the rate of 10 per cent, per annum
for the half-year, be divided among the shareholders,
making, with the interim dividends already paid, 17^
per cent, for the year, leaving the sum of £471 to be
carried forward.
The report of the directors of the Barnet District
Gas and Water Company for the half-year ended De
cember 31 states that the profit balance amounts to
£10,832, out of which they recommend a dividend,
less income-tax, at the rate of 7 per cent, per annum
on the “ A and “ C ” stocks, 6 per cent.per annum
on the “ B ” stock, and £4 18s. per cent, per annum
on the “ D ” capital (water). The sinking of the
1 £74,64/ and 64^ per cent. The net revenue amounted
f to £48,940, against £41,561. Ships of a total ton-
t nage of £397,996 tons entered the Alexandra Dock in
the following proportions (exclusive of vessels enter- 4
ing for use of dry docks only) viz. Steamships ^
310,046 tons ; sailing ships, 87,950 tons—an increased ^
f tonnage^ of 37,491 tons over the corresponding half ^
t of 1887. A Bill has been deposited in Parliament ^
j authorizing the company to dispose of their under-
j taking to one or more of the companies mentioned in '
| the Bill. Negotiations are proceeding for this purpose (
i with the North-Eastern Railway Company, the results ^
1 of which will be stated to the proprietors at the meet- 1
_ ing, and may form the basis of an agreement to be
embodied in the Bill, which will be submitted to the *
proprietors for their approval or otherwise, at a
> special meeting, of which due notice will be given.
1 The half-yearly meeting of the Midland Great
1 Western Railway of Ireland was held vesterday
. at Dublin, Sir Ralph Cusack presiding. The report
of the directors stated that there was a net increase
, in the vrorking of the line of £10,245 as compared
with tho corresponding period of the previous year.
The net revenue account, after providing for payment
of working expenses, interest on loans and debenture
) stocks, and rents of leased lines, shows an available
j surplus of £86,666. The dividends on the preference
stock amount to £21,279, leaving a balance of
• £65,387, out of which the directors recommend that a
dividend be paid at the rate of 4A per cent, per annum
on the consolidated stock of the company, carrying
i forward the sum of £12,062 to the credit of the next
( half-year’s account. The chairman said that the
traffic receipts had increased during the half-year by
' £10,247, and the increase during the whole year
; amounted to £17,520, while the expenditure was only
46$ per cent. The result was that the dividend was
higher than it had been for ten years. He took a very
cheerful view of their prospects for the future. The
report was adopted.
The 105th half-yearly general meeting of the
Southampton Dock Company was held yesterday at
the offices, Bishopsgate-street within. Mr. S. Mac-
naghten presided, and in moving the adoption of the
report observed that for the last seven half years they
had been in a state of famine, but he hoped to be
able to show them that there was a brighter future
before the company. They were enabled to declare a
dividend at the rate of 1 per cent, per annum on the
; ordinary stock, which some persons had thought was
t in a state of perdition. The expenditure on capital
account in the past half year had been entirely con
fined to the new deep water dock. It was only two
: years and ten months since the Act was obtained
authorizing the South-Western Railway Company to
subscribe £250,000 towards the construction of the
new deep water dock, which would have been ready
7 for opening in May next had it not been for an unto-
,, ward accident, but they hoped that in the autumn the
dock would be open for the purpose of admitting ships
of the largest size. The gross earnings for the year
„ 1888 had been £97,277, or £7,889 more than those for
, 1887 ; but comparing the working of the past half-
5 year with that of the corresponding period of 1887 the
J result was still more satisfactory, the gross earnings
3 for the past six months having been £48,163, or £7,257
more than those of the December half of 1887. Al
though they were comparing with a half-year in which
0 they had had the benefit of the naval review, 95 more
0 ships had entered their dock in the past six months
Q than in the corresponding period^ of 1887. Perhaps the