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  • Aug. 1, 1855
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The Masonic Mirror, Aug. 1, 1855: Page 48

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    Article SUMMARY OF NEWS FOR JULY. ← Page 5 of 8 →
Page 48

Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.

Summary Of News For July.

Bank met the same day , and declared a dividend of 2- \ per cent ., for the half year , out of their net profits , 19 , 656 / . 3 s . 9 d ., leaving a surplus of 7156 / . 3 s . 9 rf . On the 13 th of July , the East and West India Dock Company declared a dividend of 3 per cent ., for the half year , free of income tax . On the same day , the Norfolk Railway Company and the Eastern Counties Company approved of continuing the East Suffolk line , and of extending the Norfolk line proper from Fakenham to Wells . The South Western Company also met to consider the Bill calling on them to keej )

faith with the Legislature . A poll was taken , upon the question , which was kept open the following day and on the 16 th , and resulted in a determination to sanction the measure . On the 17 th , the Commercial Bank divided 7 per cent ., for the half year , with a bonus of 3 per cent . The same day , the St . Katharine's Dock Company divided 2 per cent ., and a bonus of 10 s . per 100 stock . The net profits of the half year amounted to 61 , 910 / . 0 s . 7 d . On the 18 th , the London and Westminster Bank divided 6 per cent ., with a bonus of 4 per cent , on the paid up capital , out of

the net earnings of the year , £ 81 , 089 . The same day , the Newport , Abergavenny , and Hereford Company agreed to raise the necessary capital , £ 20 , 000 , to complete the line from Crumlin to Quaker's-yard . On the 19 th , the London Reversionary Interest divided 3 per cent , per annum * among the shareholders .. At the meeting of Stock Companies held the same day , a sum of £ 375 , 000 was appropriated out of £ 72 , 624 9 s . 2 d ., the net earnings of the last six months' pay , a dividend of 12-Jper cent , per annum , leaving £ 35 , 124 9 s . 2 d . to the credit of thenext halfyear . On the 20 th , the Mount Carbon Mining Company authorised the issue of £ 15 , 000

debenture bonds at 50 per cent , discount , bearing interest at 7 % per cent ., giving the shareholders the oplion of converting them into stock at par ., for which , 15 , 000 shares are to be reserved . The Peel River Company met on the 23 rd , and declared a dividend of 1 $ per cent , out of the profits of the last wool clip ; the mining operations having been abortive . At the annual meeting of the Union Bank of Australia , held the same day , the profits of the year were reported at £ 238 , 459 8 s . 2 d . A dividend at the rate of 30 per . cent , per annum was declared out of the capital stock of the

company , towards which , a sum of £ 7000 was taken from the reserved fund to meet the additional income tax . On the 24 th , the Melbourne Bank , in a report of a tissue of disappointments , confessed that its liabilities , at present , exceeded its assets by £ 3 , 070 . On the same day , the Cobre Copper Mining Company , declared a dividend for the half-year , at the rate of £ 4 per share . And the Grand Trunk of Canada Bank Company reported an increase of their traffic on the last six months' of 1854 , from £ 72 , S 31 to £ 97 , 907 . On the 25 th , the Mexican Mining Association held its

half-yearly meeting , but the report was unfavorable , nor was the temper of those present improved , by ascertaining that a knowled ge of the progress of the working of the mines was obtainable on the Stock Exchange before the Shareholders received it ¦ officially . On the 26 th , there was a stormy meeting of the Mons and Manage Company , which refused to adopt the report of the directors . The original shareholders complained that the hack interest was detained from them . At the meeting of the Brighton Company , held the same day , a dividend of £ 2 2 s . per cent ., was declared on the ordinary shares of the company .

BENEVOLENT . ON the 3 rd of July , H . R . H . Prince Albert opened the new building erected at Red Hill , Reigate , as an Asylum'for Idiots . On the 8 th , a public meeting was held at Willis ' s Room , in aid of the Schools for the Education and Maintenance of the Orphan Children of Seamen and Mariners . On the 9 th , the Lord Mayor distributed ¦ the medals and other rewards granted by the Society . for the Preservation of Life from Fireto those who the

, , during past year , heroically rescued their fellow-creatures from death by that element . The Society , it was stated , at present maintained 43 fire escape stations , and could with an increase of £ 900 per annum to its income maintain 1-2 more , when there would be over the whole metropolitan area , a station at each half-mile distance . During the past month the members of the aristocracy have been engaged in a benevolent rivalry in the cause of charity and following the example some few years past set by the Duke of Devonshire , on the partof the Guildof Literature and Art , have thrown open their mansions as theatres , and concert rooms for the

“The Masonic Mirror: 1855-08-01, Page 48” Masonic Periodicals Online, Library and Museum of Freemasonry, 29 May 2025, django:8000/periodicals/mir/issues/mmg_01081855/page/48/.
  • List
  • Grid
Title Category Page
THE MARK DEGREE. Article 1
FREEMASONRY IN ENGLAND. Article 3
THE CHANCES OF LIFE, Article 8
MASONIC REMINISCENCES. Article 9
A MASONIC SONG. Article 16
BROTHERLY LOVE. Article 17
THE LIGHT DIVINE. Article 26
MASONIC INTELLIGENCE. Article 27
ROYAL FREE HOSPITAL. Article 27
LONDON LODGES. Article 30
INSTRUCTION. Article 32
PROVINCIAL LODGES. Article 33
ROYAL ARCH. Article 37
THE COLONIES. Article 39
AMERICA. Article 39
THE HIGH DEGREES. Article 40
CORRESPONDENCE. Article 41
SUMMARY OF NEWS FOR JULY. Article 44
OBITUARY. Article 51
TO CORRESPONDENTS. Article 52
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Page 48

Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.

Summary Of News For July.

Bank met the same day , and declared a dividend of 2- \ per cent ., for the half year , out of their net profits , 19 , 656 / . 3 s . 9 d ., leaving a surplus of 7156 / . 3 s . 9 rf . On the 13 th of July , the East and West India Dock Company declared a dividend of 3 per cent ., for the half year , free of income tax . On the same day , the Norfolk Railway Company and the Eastern Counties Company approved of continuing the East Suffolk line , and of extending the Norfolk line proper from Fakenham to Wells . The South Western Company also met to consider the Bill calling on them to keej )

faith with the Legislature . A poll was taken , upon the question , which was kept open the following day and on the 16 th , and resulted in a determination to sanction the measure . On the 17 th , the Commercial Bank divided 7 per cent ., for the half year , with a bonus of 3 per cent . The same day , the St . Katharine's Dock Company divided 2 per cent ., and a bonus of 10 s . per 100 stock . The net profits of the half year amounted to 61 , 910 / . 0 s . 7 d . On the 18 th , the London and Westminster Bank divided 6 per cent ., with a bonus of 4 per cent , on the paid up capital , out of

the net earnings of the year , £ 81 , 089 . The same day , the Newport , Abergavenny , and Hereford Company agreed to raise the necessary capital , £ 20 , 000 , to complete the line from Crumlin to Quaker's-yard . On the 19 th , the London Reversionary Interest divided 3 per cent , per annum * among the shareholders .. At the meeting of Stock Companies held the same day , a sum of £ 375 , 000 was appropriated out of £ 72 , 624 9 s . 2 d ., the net earnings of the last six months' pay , a dividend of 12-Jper cent , per annum , leaving £ 35 , 124 9 s . 2 d . to the credit of thenext halfyear . On the 20 th , the Mount Carbon Mining Company authorised the issue of £ 15 , 000

debenture bonds at 50 per cent , discount , bearing interest at 7 % per cent ., giving the shareholders the oplion of converting them into stock at par ., for which , 15 , 000 shares are to be reserved . The Peel River Company met on the 23 rd , and declared a dividend of 1 $ per cent , out of the profits of the last wool clip ; the mining operations having been abortive . At the annual meeting of the Union Bank of Australia , held the same day , the profits of the year were reported at £ 238 , 459 8 s . 2 d . A dividend at the rate of 30 per . cent , per annum was declared out of the capital stock of the

company , towards which , a sum of £ 7000 was taken from the reserved fund to meet the additional income tax . On the 24 th , the Melbourne Bank , in a report of a tissue of disappointments , confessed that its liabilities , at present , exceeded its assets by £ 3 , 070 . On the same day , the Cobre Copper Mining Company , declared a dividend for the half-year , at the rate of £ 4 per share . And the Grand Trunk of Canada Bank Company reported an increase of their traffic on the last six months' of 1854 , from £ 72 , S 31 to £ 97 , 907 . On the 25 th , the Mexican Mining Association held its

half-yearly meeting , but the report was unfavorable , nor was the temper of those present improved , by ascertaining that a knowled ge of the progress of the working of the mines was obtainable on the Stock Exchange before the Shareholders received it ¦ officially . On the 26 th , there was a stormy meeting of the Mons and Manage Company , which refused to adopt the report of the directors . The original shareholders complained that the hack interest was detained from them . At the meeting of the Brighton Company , held the same day , a dividend of £ 2 2 s . per cent ., was declared on the ordinary shares of the company .

BENEVOLENT . ON the 3 rd of July , H . R . H . Prince Albert opened the new building erected at Red Hill , Reigate , as an Asylum'for Idiots . On the 8 th , a public meeting was held at Willis ' s Room , in aid of the Schools for the Education and Maintenance of the Orphan Children of Seamen and Mariners . On the 9 th , the Lord Mayor distributed ¦ the medals and other rewards granted by the Society . for the Preservation of Life from Fireto those who the

, , during past year , heroically rescued their fellow-creatures from death by that element . The Society , it was stated , at present maintained 43 fire escape stations , and could with an increase of £ 900 per annum to its income maintain 1-2 more , when there would be over the whole metropolitan area , a station at each half-mile distance . During the past month the members of the aristocracy have been engaged in a benevolent rivalry in the cause of charity and following the example some few years past set by the Duke of Devonshire , on the partof the Guildof Literature and Art , have thrown open their mansions as theatres , and concert rooms for the

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