INTERPROVINCIAL.

Nelson Evening Mail, Volume XII, Issue 156, 4 July 1877, Page 2

INTERPROVINCIAL.

v Iv / 7 J i. 1 Wellington, Tuesday. * :^ByXre^en^h>ogeiift,6he .Police Regu lafeibns, fiembers'df the force aire now al^le to have sixteen hours off duty at once. ;; * Mr Tavares and Miss = J.ur.ees make iheir debut to-night before his Excellency "the Governor. It is expected that Mr O'Shea's estate will realise los in the pound if the wool shipped home is sold in algood 'markets After a* searching investigation at a meeting of his creditors, it was found that there h_d been no^rauduleiu preference on the-parfc of the banbrupt towards his creditors. „ , -. Wednesday. ±rank Broughton was brought up this -^o^i'SJ 0 receive sentence on three charges of -embezzlement. Several witnesses having given Broughton an excellent character, the Chief Justice, iv consequence, made the sentence twelve months imprisonment with hard labor. G. B. Ward, for embezzling from Barber Brothers, was sentenced to twelve T&iontus' hard labor. _ 7 .\. ... „ CußisTcituncH, Tuesday. .In the. Supreme Cp^rt7to-<ray, .Ahthony TPurick, for larceny of a cheque^ was sentenced to two {nonth; William Douglas and James . Wilson, the former for stealing and the latter -for receiving a gold watch, chain, aud other valuables, to twelve months' each; James Recce, a lad of 16, for passing a counterfeit J sovereign, to 14 days, the last 24 hours to be solitary confinement. 1 ; ,'i .. Dunewn, .Wednesday. ' Ine Grand Jury have found a True Bill aga-nst David; Quarrjr for manslaughter at Oauaaru. , v , ;,*-" ! , -.-; , • J" i - N^v Plymouth,. Wednesday. 7 L^- 1 he -pioneer settlers Shore, Jones, and [ M'Aliiian, with,;their wjLves und families, left , town last ni£ht by 'a! special train for the ' Waitara, wherelthey embarlcedin the steamer j Haurakifor Mbkau, a native district, : which : has hitherto been 'considered closed toliuropeans: -■■ > - . .. [_ .. - . Auckland,- Wednesday, ifAt an extraordinary meeting of theii^outh British Insurance Company, the following • resoluaQßs were ; carried, uhauimou-ly.':— .."/That the capital of the. company be. increased by the creation of 1'2,5U0 addittonal •^hares of £2U each." Air Currie aske]_.-.what would be the value of the new shares. The Chairman said the shares would cost the shareholders £3 10s. There would be none for sale outside the company, the shareholders tohave „the„Qption of ...taking. one,neiv_share_ fo^each complete number of three shares held in the company on July 3rd instant, 10s pcr 1 , share beiug payable on application, 20s on the Ist September, 20s on Ist November, *JJ<3 20s °a tbe Ist of January, 1878. . Where moneys were paid in the middle of the mohthno dividend/would be paid for the broken period. Tshareholders not applying for [shares of the new issue before the Ist of September, 1877,; to forfeit;'their right to auy; all fehares not applied for before that to* be * sold by the Directors as they may consider best in the iuterests of the Conmany ; that the total* premium received fromlthfe sale of the! said 12,500 shares be carried to the * reserve furd ; of the Company, and that the uewj sharas participate*' iv the future idividends paid by the Company as follows :— Upon one half of the instalments paid until thelfull amount of £3 10s per share is paid ; ■upon £2 per share from the date : wheU the full amount of £3 10s per share is Daid, except that dividends on these payments" will in all cases be calculated from the , first day of the mouth, and paymeuts made on accouut of shares 011 aiiy other than the of the month will participate in the dividends on aud from the first of the next succeeding months. \ r- * • ' ° Alrlioardman said a circular was being gotj into shape, and would be scut round to the shareholders to the followiug effect :— "Payment for new shares may b(£~made to the manager at Auckland or "to the agents •^ i' he oai P*»y r at Wellington, Nelson, Christchurch, Dunedin, Napier, New Piy-'mo-fith, Hokitika,' and Wangaur*. No shares of the new issue will be transferred in the ibodks of the compauy until the. full amount ! 1 J 703 • ?er share bd - ,aid; tha ' ; auinber 9 *5 of •thd articles of association : be faltered by the •omission of the words " and no .dividend exceeding £io per cent per annnm shall at any tune be declared unless under special resolution of the Company." The 'rule Hnll then*' redd «No dividend shall -be payable except out of the profits arising from the business ,of the Company."