1.—7

59

Railway Debenture and Guaranteed Stocks. 7,500 Caledonian Railway 4 per-cent. debenture stock .. .. .. Costing 8,339 4 8 40,500 Forth Bridge Railway 4-per-cent. guaranteed debenture stock .. .. „ 46,548 5 1 14,562 Great Eastern Railway 4-per-cent. debenture stock .. .. „ 15,687 17 11 8,000 Great Eastern Railway 4-per-cent. consolidated irre. guaranteed stock .. „ 8,574 13 0 4,000 West Cornwall Railway, Great Western, Bristol and Exeter, and South Devon Railways, 4J per-cent. joint rent-charge stock .. .. „ 4,794 10 0 3,500 Great Western Railway 5 per-cent. consolidated guaranteed stock .. „ 5,139 17 6 10,000 Lancashire and Yorkshire Railway 4-per-cent. debenture stock .. .. „ 10,965 1 3 5,000 Lancashire and Yorkfihire Railway 4-per-cent. consolidated guaranteed stock „ 5,516 10 0 9,750 London, Brighton, and S. C. Railway 4J-per-cent. perl. guar. deb. stock .. „ 12,748 8 6 7,000 London, Chatham, and Dover Railway 4J-per cent, arbit. debenture stock .. „ 8,428 17 6 9,000 London and North-western Railway 4-per-cent. consolidated guar. stock .. „ 10,099 6 3 5,312 London, Tilbury, and Southend Railway 4-per-cent. debenture stock .. „ 5,833 8 2 14,250 Manchester, Sheffield, and Lincoln Railway 4J-per-cent. debenture stock .. „ 17,434 5 4 19,900 Metropolitan Railway 4-per-cent. debenture stock .. .. .. „ 21,836 18 6 5,110 Metropolitan District Railway 4J-per-cent. Fulham rent-charge stock .. „ 6,009 15 1 5,000 Metropolitan District Railway 4-per-cent. debenture stock .. .. „ 5,453 3 9 12,000 Metropolitan District Railway 4-per-cent. perl, guaranteed stock .. „ 12,308 10 10 5,000 Midland Railway 4-per-cent. perl, guaranteed preference stock .. .. „ 5,503 15 7 14,500 North British Railway 4-per-cent. debenture stock .. .. .. 15,696 5 1 5,000 North E. Railway, West Hartlepool, 4-per-cent. preference stock .. „ 5,466 12 6 8,000 North E. Railway 4-per-cent. consolidated preference stock .. .. „ 8,748 6 3 5,000 North E. Railway 4-percent, debenture stock .. .. .. „ 5,576 12 9 £507,806 2 4 Five-per-Cent. Australian Government Subsidy Debentures. Numbers of 320 Debentures of £100 each drawn on the 7th April, 1891, for Payment at Messrs. Barclay, Bevan and Co.'s, 54, Lombard Street, E.C, on the Ist July, 1891: — 1 449 768 1246 1835 2246 2752 3307 3865 4610 5030 5454 5907 32 450 772 1249 1850 2265 2757 3338 3886 4627 5046 5457 5936 98 499 776 1284 1870 2280 2760 3340 3908 4629 5137 5496 5955 125 504 849 1300 1901 2283 2764 3349 3911 4631 5139 5523 5967 134 507 855 1324 1942 2320 2768 3367 3935 4636 5147 5530 5968 137 508 862 1369 1983 2360 2772 3373 4048 4643 5166 5539 5972 165 527 875 1392 1984 2362 2800 3390 4116 4645 5192 5582 6002 173 528 885 1452 2011 2368 2824 3396 4144 4663 5219 5585 6007 180 558 917 1488 2012 2370 2830 3460 4184 4693 5242 5590 6024 193 573 922 1523 2017 2377 2864 3465 4238 4748 5266 5591 6032 204 585 950 1535 2021 2433 2870 3494 4252 4750 5280 5617 6038 212 592 970 1544 2022 2435 2888 3517 4271 4754 5288 5626 6087 244 597 1008 1545 2042 2455 2919 3519 4275 4801 5297 5695 6099 256 640 1035 1552 2070 2458 2940 3523 4314 4830 5301 5736 6125 277 672 1038 1557 2094 5464 2944 3550 4334 4873 5330 5750 6153 278 673 1042 1588 2097 2501 2972 3555 4338 4887 5347 5752 6189 282 676 1054 1612 2139 2517 2986 3556 4367 4902 5360 5759 6203 311 681 1134 1663 2164 2530 3006 3564 4379 4904 5369 5760 6213 364 688 1140 1703 2169 2546 3045 3609 4384 4908 5373 5792 6217 366 703 1158 1725 2173 2637 3100 3626 4394 4915 5377 5803 6224 390 706 1164 1745 2191 2644 3142 3627 4490 4917 5393 5824 6231 408 714 1195 1759 2200' 2686 3208 3634 4499 5002 5411 5839 6266 411 719 1197 1783 2201 2723 3253 3746 4530 5008 5419 5887 6316 433 735 1203 1814 2205 2727 3260 3754 4582 5018 5439 5900 6320 439 736 1209 1829 2228 2739 3304 3853

Half-year ended 30th June, 1891. THE EASTERN EXTENSION AUSTRALASIA AND CHINA TELEGRAPH COMPANY (LIMITED). Directors. —Sir John Pender, K.C.M.G. (Chairman), Sir James Anderson, Francis Augustus Bevan, Esq., Charles William Earle, Esq., the Eight Hon. Viscount Monok, George Garden Nicol, Esq., John Denison Pender, Esq., the Most Hon. the Marquis of Tweeddale. Secretary. —F. E. Hesse, E.sq. Offices. —Winchester House, 50, Old Broad Street, London, E.C. Report and Accounts of the Directors for the Half-year ended 30th June, 1891, to be submitted to the Thirty-sixth Ordinary General Meeting, 21st October, 1891. 1. The usual statements of account for the half-year ended 30th June, 1891, are herewith submitted. 2. The gross receipts, including Government subsidies, have amounted during that period to £264,878 6s. lid., against £254,856 18s. 10d. for the corresponding half-year of 1890. 3. The working-expenses, including £17,318 ss. lid. for cost of repairs to cables and expenses of ships, absorb £71,476 15s. Bd., against £76,670 9s. 3d. for the corresponding period of 1890, leaving a balance of £193,401 11s. 3d. From this is deducted £2,981 17s. Id. for income-tax, £33,074 14s. sd. for interest on debentures, debenture stock, and contribution to sinking fund, and £2,179 10s. 2d. for special expenditure, as shown in the Eevenue Account, leaving £155,165 9s. 7d. as the net profit for the half-year. 4. One quarterly interim dividend of 1-J- per cent., amounting to £31,250, has been paid during the half-year, and another of like amount will be distributed on the 15th instant, leaving £92,665 9s. 7d. to be carried forward.