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Hawke's Bay Times, Volume 7, Issue 362, 29 March 1866, Page 1

The report of the New Zealand Loan and Mer* cantile Agency Company,, to bo presented at the meeting to be held in, February or March, states the available profit to bo £2512, and’recommends a dividend at the rate of six per cent per annum, leaving £492 to bo carried forward. la these days of "promotion fees” and “preliminary expenses,” it is satisfactory to find that the-pledge given by the directors of this company, to keep this special expenditure at a very limited total, has been fulfilled. The undertaking was established 'iri the early part of last year, under the influence of per* sons connected with the Bank of New Zealand.* and it was mentioned at the time that the “ pre* liminary expenses” would not exceed £350. The actual amount now appears, on the publication of the report, to have beau only £312. —Home News, 26th January. ■ At the ordinary meeting of the New Zealand Trust and Loan Company, held on 16th January, a dividend at the rate often per cent, par annum was declared.—lbid. A prospcctus’has bean issued of the’New Zea* land Iron and Steel Company, with a capital of £IOO,OOO, in shares of £lO, to work an invention for smelting iron sand at New Plymouth, New Zealand. —Ibid. . - A Birmingham contemporary announces that the- wire and principal materials for the new Atlantic cable are being manufactured in that town. The cable will be laid down in the Court* -of the ensuing • summer.—lbid. ■■