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Five-per-Cent. Austealian Government Subsidy Debentures. Numbers of 409 Debentures of £100 each drawn on Ist April, 1896, for Payment at Messrs. Barclay and Co., 54, Lombard Street, E.C., on Ist July, 1896: — 17 475 937 1373 1872 2310 2828 3318 3756 4240 4763 5344 5805 21 479 939 1378 1895 2315 2839 3331 3766 4246 4774 5378 5858 26 494 946 1390 1899 2324 2840 3336 3767 4249 4782 5383 5860 29 523 947 1399 1917 2338 2841 3342 3793 4251 4787 5384 5881 41 530 958 1404 1919 2344 2849 3345 3839 4253 4796 5390 5932 52 559 959 1417 1923 2347 2857 3397 3849 4262 4808 5404 5953 69 563 977 1427 1941 2369 2882 3421 3888 4267 4816 5432 6000 90 566 978 1449 1958 2374 2883 3423 3890 4297 4870 5443 6027 99 590 994 1461 1963 2416 2925 3429 3894 4356 4934 5461 6040 102 614 1004 1464 1967 2418 2930 3440 3919 4360 4940 5466 6045 103 664 1013 1466 1973 2424 2931 3443 3927 4370 4945 5472 6113 116 677 1024 1473 1986 2431 2937 3478 3939 4381 4970 5484 6127 144 686 1025 1511 2003 2457 2965 3479 3941 4382 4982 5534 6158 155 690 1026 1572 2029 2470 2982 3483 3945 4385 4992 5538 6165 189 691 1051 1574 2037 2476 2999 3527 3967 4386 5033 5544 6176 200 711 1089 1590 2041 2497 3023 3541 3983 4399 5056 5546 6207 211 717 1098 1651 2052 2503 3027 3544 3985 4430 5092 5550 6221 214 734 1102 1677 2067 2507 3095 3548 4005 4482 5095 5560 6243 229 761 1104 1689 2085 2526 3096 3549 4009 4483 5100 5568 6253 285 778 1112 1706 2086 2541 3099 3615 4024 4533 5107 5583 6267 299 790 1116 1736 2095 2552 3111 3628 4038 4547 5111 5597 6274 310 811 1160 1738 2100 2576 3141 3645 4049 4548 5123 5600 6291 326 813 1167 1740 2102 2587 3153 3647 4066 4604 5160 5601 6302 350 817 1186 1743 2115 2601 3167 3650 4098 4609 5183 5633 6318 369 844 1190 1770 2188 2648 3210 3651 4078 4618 5214 5637 6321 387 860 1211 1773 2207 2657 3217 3659 4082 4632 5235 5680 6327 422 870 1231 1778 2226 2691 3231 3662 4201 4679 5241 5706 6345 431 872 1282 1788 2233 2699 3239 3701 4204 4684 5275 5727 6349 434 879 1308 1791 2261 2713 3263 3720 4226 4705 5278 5741 6351 435 883 1327 1821 2281 2722 3284 3731 4234 4725 5283 5765 6352 448 888 1357 1836 2282 2791 3313 3735 4235 4730 5306 5791 6365 465 896 1365 1837 2306 2822

Half-year ended 31st December, 1896. THE EASTERN EXTENSION AUSTRALASIA AND CHINA TELEGRAPH COMPANY (LIMITED). Directors. —The Most Hon. the Marquis of Tweeddale (Chairman), Francis Augustus Bevan, Esq., Sir Albert J. Leppoc Gappel, K.C.1.E., Charles William Earle, Esq., the Hon. George Peel, John Denison Pender, Esq. Manager and Secretary. —F. E. Hesse, Esq. Offices. —Winchester House, 50, Old Broad Street, London, E.C.

Eepoet and Accounts of the Directors for the Half-year ended 31st December, 1896, to be submitted to the Forty-seventh Half-yearly Ordinary General Meeting, to be held at Winchester House, No. 50, Old Broad Street, London, on Wednesday, the. 28th April, 1897, at 2.30 o'clock. 1. The usual statements of account for the half-year ended 31st December, 1896, are submitted herewith. 2. The gross receipts, including Government subsidies, have amounted during the half-year to £325,405 12s. 6d., against £311,582 10s. lid. for the corresponding period of 1895. 3. The working and other expenses, including £36,055 19s. for cost of repairs to cables and expenses of ships, absorb £106,270 9s. 7d., against £84,044 6s. 4d. for the corresponding period of 1895, leaving a balance of £219,135 2s. lid. From this is deducted £4,177 7s. 6d. for income-tax, £10,000 transferred to the Fire Insurance Fund, and £31,895 for interest on debentures, debenture stock, and contribution to sinking funds, leaving as the net profit for the half-year £173,062 15s. 5d., which, with £33,235 6s. Bd. brought forward from the previous half-year, shows an available balance of £206,298 2s. Id. 15—1. 7,