1078

THE COLLIERY GUARDIAN.

May 23, 1913.

THE FREIGHT MARKET.

Chartering on the north-east coast has been rather more
active this week. Kates generally are fairly well main-
tained. Coasting business is being done at from 3s. to
3s. 3d., Tyne to London, with Hamburg at 3s. 6d. The
North of France is based on about 4s. 3d. to Havre, and the
Bay on 5s. 3d. to St. Nazaire. Mediterranean rates run
from 9s. 9d. to 10s. to Genoa, although, at the time of
writing, there is a tendency for lower figures to be accepted.
At South Wales, the fixtures reported are up to the average
in number. Mediterranean rates are steadier, especially for
the near ports. The Kiver Plate, Brazils and the Islands
are strongly held, whilst the Bay and coasting ports are
practically unaltered. At the Clyde, a fair business at
steady rates is reported. The Mediterranean market at the
Humber is active, and a fair amount of Baltic business is
being done. Kates tend to advance. Homewards, the
amount of transactions reported is fully up to the average.
At the Black Sea, the tone for early loading is dull, but
prospects are good and favour a rise in rates. The Azof
and Danube are similarly affected. The Mediterranean and
ore trades are unaltered. The Baltic is steady. Eastern
markets are quiet, but firm. America is without note-
worthy change. The River Plate is dull and tending easier.

Tyne to Abo, 1,000, 5s. 4$d.; Antwerp, 1,500, 4a. 3d. ;

1.600,	4a. 6d., from Dunston ; Aalborg, 1,900, 4s. 7$d. ;
Aalesund, 800, 5a. 3d. ; Akwreyri (Iceland), 750, Ils. ;
Bilbao, 1,600, 7s. 6d ; Cronstadt, 2 200, 5s 3d.; 1,500, 5s. 6d.;
20,000 tons, 5s. 9d., over season ; Fairwater, 1,200, 4s. 6d. ;
Genoa, 4.300, 10s. ; 4,800, 10s. ; 3 600, 10s. ; 5,200, 10s. ;
3 600, 9s. 9d. ; 2 500, 10s. ; 5,800, 9s. 9d., two loading places ;
Helsingf< r«, 1,100, 5s. 3d. ; Hamburg, 2,700, 3s. 6d. ; 1,800,
3s. 6d. ; Havre, 2,000, 4s. 3d. ; Leghorn, 3,000, 10s. 3d. ;

2	900, 10s. ; Las Palmas, 1,900, 9s. 3d. ; Libau, 1,450,5s. 9d.;
London, 2,000, 3s. ; 2,200, 3s. 3d. ; 1,200, 3s. 3d.; Marseilles.

3	000, 9s. 61. ; 6,000, 9s. 3d., 600, from Dunston; 3,500,
9s. 3d., from Dunston ; Monaco, 1,150, 12s. ; Memel, 1,050,
4s. 91. ; Naples, 3 500, 9s. 6d., 500 ; Nakskov, 1,000, 5s. ;
Oporto, 850, 9s. 6d. ; Philippeville, 3,200, 10s. 6d. ; Port
Kunda, 1,500, 6s ; Port Said, 3,600, 10s. ; 6 000, 9s. 6d. ;
K'ga, 1,500, 5s. 61. ; 2,500, 5s. 3d.; Rotterdam, 2 400,
3*. l|d., from Dunston; 3,400, ditto, ditto; St. Nazdre,

3	000, 5s. 3d. ; Venice, 5,000, Ils. ; 3 600, 10s. 10|d.; Varna,

4.700,	Ils. ; Wisby, 1,100, 5s. 3d. ; Wiborg, 1,200, 6s. 3d. ;
1,000, 6s.

Cardiff to Algiers, 3,800, 10$ fr.; 10 fr.; 3,200, 10$ fr.;
May 26; Bombay, 13s., P. and O. terms, mid-June;
Barcelona, 3,100, 10s. ; 3,200, 10s. 61. coal, Ils. 3d. fuel;
Buenos Ayres, 20s. 3d., fuel, May; Brest, 1,300, 4s. 3d.,
B r ieaux, 3,000, 6$ fr.; Boca, 2 )s. 3d, fuel, May ; Cromarty,

2.900,	3s. 9d.; Cnarlestown, 450, 4s. 9d.; Chantenay, 2,300,
6$ fr.; Calais, 1.800, 4«. 3d.; Cherbourg, 800, 5s. 61.;
Colombo, 5 200, 12«. 61., May 24; Cape Verde, 5 000,10s. 3d ;
Cronstadt, 2,400, 6s ; 2.400, 6s., May 29; Dakar, 5,000,
10s 9d.; Devonpoit, 2 200, 2s. 3d., Admiralty ; 3 000, 2*. 3d ,
Admiralty; Ferrol, 800, 8s.; 1,500, 7s. 9d.; Genoa, 3,100,
9s.; 5.500, 9*.; 4 000, 9s. 3d.; 4,500, 9s. 3d.; 3 500, 9s.;
Grimsby, 2,600, ,7s.; Haulbowline, 2,000, 2s. 7$d., Admiralty ;
Invergordon, 3 600, 3«. 9d ; Islands, 4,100, 9s. 61.; Leghorn,

4	800,9s. l$d.; 4,200, 9s., 500; Las Palmas, 4,300, 9s. 61.;

3	U00 9s., June 2; Lisbon, 3,200, 7s. 6d. ; 2.400, 7s. 9d , 350;

1.900,	8s., 350. May 26; Marseilles, 3,900, 11$ fr. and 12$ fr.;

4,400,	11 fr.; 5 500, II fr., May 27; Morlaix, 550, 6s.; Marin,
1,000, 8s.; Manaos, 19s. 6d., end May, reported; Monte
Video, 5,100, 18s.; 5,500, 18s., end May; 6,500, 18 .; 5,300,
18s, June 2 ; N <.ples, 5,200,9s. 3d.; Nieudiep, 1,2UO, 4s. 7$d.;
Port Said, 4 300, 10s.; 4,500, 9s. 6d.; Portland, 2s. 4$d.;
Pembroke, 3u0, 3s. 6d.; Pernambuco, 3,800, 17s. 3d., end
May; Queenstown, 2,000, 2s. 7$d., Admiralty; Kiver Plate,

6.500,	18s. 6 i. ; 20s. 3d., fuel, May; 5,800, 18s. 9d., May 24;
5,800, 19s., May 24; Rio de Janeiro, 19s., May; Santa Fe,
about 4,000,24s., May; Savona, 4,000, 9s. 3d.; 3,100,9s.;

5	500, 9s.; St. Malo, 1,900, 4s 6d.; 1,900, 4s. 7$d.; Tenenffe,

6.700,	9s.; Trieste, 5,5(0, 10s. 3d., June 10; Troon, 740,
5s. 61.; Villa Real, 1,300, 7s. 6d.

Manchester to Buenos Ayres, p.t., pipes, end May.

Swansea to Dieppe, 1,100, 5s.; 1,900, 4-i. 9d.; 1,200, 4s. 9d.;
Trouville, 800, 5s. 3d.; Norresundby, 1,200, 5s. 6d.; Venice,
1,300, Ils. and Ils. 9d.; 3,600, Ils. 6d., 400, end May; 4,000,
11s. 6d.; 5,700, Ils. 6d., 500; Carthagena, 1,500, Ils.;
Bordeaux, 2,200, 7'37$ fr.; Rouen, 1,400, 5s. 6d.; 2,900,
5s. 3d.; London, 1,3(0, 3s. 10$d.; Ancona, 6,000, Ils. 6d.
coal, 12*. 3d. fuel; La Rochelle, 1,950, 6|fr.; Rochefort,
1 950, 6$ fr.; Naples, 2?800, 9s. 9d. coal, 10s. 6d. coke ;
Genoa, 3,100, 9s. 61.; Charente, 1,400, 6$fr.; Caen, 650,
5s, 6d.; Stettin, 2.300, 5s. 3d.; Calais, 1,300, 4s. 9d.

Gothenburg to Punta Arenas, sail, 90s.

Burry port to Rouen, 800, 5s. 9d.

Wear to River Plate, 4,200, 18s. 6d.; Havre, 1,500, 4s. 6d.;
St. Nazaire, 2,300, 5s. 6d.; Kotka, 1,000, 5s. 3d.; Venice,

4.400,	Ils. 3d.

Bly th to Genoa, 3,500, 9s. 9d.; Bandholm, 800, 5s.; Cron-
stadt, 2,600, 5s. 3d.; Wyborg, 850, 6s.; Havre, 1,500, 4s. 6d.;
Bas Indre, 1,500, 5s. 9d.

Mersey to Genoa, 9s.

Boston to Cronstadt, 1,500, 5s. 6d.

Glasgow to Lubeck, 1,700, 5s. 3d.; Genoa, 2,900, 9s.;
Savona, 2,900, 9s.; Leghorn, 2.900, 9s.; Alexandria, 9s. 9d.

Fife port to Cronstadt, 5,7U0, 5s.; 2,700, 5s. 6d,; 2,250,
5s. 7$d.; Abo, 1,750, 5s. 6d.

Rotterdam to Buenos Ayres, 5,600, 18s. 6d.; Porto
Vecchio, 5 000,10s., June ; 5 500, 9s 61., June 1; Chantenay,

2.400,	5s. 4£d.; Algiers, 3,600, 10$ fr., May 25 ; Livorno,
2,7(j0, 10s. 3d. coals, Ils. fuel, 12s. 9d. coke, May 26; Naples,
4,000, 9s., 800, June 1-10; Fiume, 6.800, 10s. 3d.

Newport to Algiers, 3,800, 10$ fr.; Genoa, 5 500. 9s.;

4	200, 9s.; Marseilles, 5,100, 11 fr., May; 4,400, 10$ fr.;
Gibraltar, 1250, 8s. 9d.; Manaos, 4,000, 19s. 6d., June 1;
Lisbon, 1,900, 8s., 350; Leghorn, 4,800, 9s. l$d.; Aguilas,

2.600,	Ils. 6d.

Wales to direct nitrate port, sail, 16s. 6d.; Iquique, sail,
16s, and home, 29s. 6d.; copper port, option Valparaiso,
sail, 18s., coke; Mexillones, sail, 16s. 6d., fuel.

Burntisland to Omsk joldsvik, 1,950,5s. lid.; Ahus, 1,000,
4s. 9d.

Grangemouth to Cronstadt, 2,250,5s.7$d.; Buenos Ayres,

4.500,	21s.; Randers, 850, 5s. 4£d.

Forth to Sundswall, 2,500, 5s. 7$d.; Ahus, 1,000, 4s. 9d.;
Ab% 1,500, 5*.

Hartlepool to Hamburg, 2 100, 3s. 6d.

Port Talbot to Nantes, 1 400, 7 fr.

Methil to Genoa, 3,100, 10s.; Ahus, 1,000, 4s. 9d.;

Sundswall, 1,600, 5s. 6d.

Grimsby to St. Petersburg, 2,800, 5s. 6d.; Cronstadt,
2,200, 5s. 4$d., end May; Gefle, 2 100, 4s. 6d.

Hull to St. Petersburg, 2,000, 5s. 4$d.; 5s. 7$d.; Pernau,
1,600, 5s. 4$d.; Reval, 2,400, 5s. 4$d.; Brindisi, 4.900, p.t.;
Hamburg, 1,450, 3s. 6d.; St. Petersburg, 2,500, 5s. 7$d ;
Cronstadt, 1,600, 5s. 6d.; 2,400, 5s. 9d., end May; 2,800,
5s. 6d.; 2,000, 5s. 6d.; 2,600, 5s. 9d., May 29.

United Kingdom-Continent, three ports, to Brazil, three
ports, 22s. 6d., net, end May.

Hamburg to United States, 3,600, p.t., May-June.

Antwerp to Buenos Ayres, option Rio de Janeiro, sail,
22s.; Adelaide and or Wallaroo, sail, 18s. 9d. one port. 20s. 9d.
both ports.

Seaham Harbour to Nykjobing Falster, 1,100, 5s.

Homeward charters:—Azof, 5,800, Rotterdam, 10s. for
3 000 tons, May ; 4,200, Rotterdam 10s. 3d., Emden-Weser
10s. 6d., Hamburg 10s. 9d., with 3d. less barley, May-June;

7.500,	Rotterdam 10s. 6d., Weser 10s. 9d., Hamburg Ils., on
d.w., option Marseilles 12$ fr. unit, ppt.; Novorossisk 5,400,
Weser 8s. 9d., Hamburg 9s., with 3d. less barley, 200 tons
sunflower seeds 5s. extra, ppt.; 4,400, Rotterdam, 8s. 6d.,
May-June; 5,000, Rotterdam 9s. 3d., Weser 9s. 6d., Hamburg
9s. 9d., with 3d. less barley, ppt.; Arabat Bay, 3 800, Riga,
16s. 6d., salt, ppt.; Moulmein and Rang* on, 6 370 max.,
Trieste, 28s. 6d, May; Rangoon, 2 781 net, Wyburg and
Kalmar, 36s. 3d., May, 6,300, Alexandria, 25s. 9d., June;
Miramichi, 1,300 stds.. 10 per cent., Belfast, 52s. 6d., with
options, May-June; 53s. 9d.,p.p.,United Kingdom-Continent,
June-July; Pensacola, 1,100 stds., 10 per cent, Huelva,
Malaga and Alicante, three ports, 135s., June; Gulf, 2,776 net,
United Kingdom-Continent, 15s. p.p., net form, June; 1,500,
10 per cent., United Kingdom, 102s. 6d. one port, 103s. 9d.
two ports, 105s. three ports, same coast, June-July ; San
Lorenzo, 4,200, 10 per cent., United Kingdom-Continent,
16s. 9d. o.c, less 6d., May ; 5,000, 10 per cent., Rotterdam,
15s., June 1-15 ; 4,500, 10 per cent., United Kingdom-Con-
tinent, 15s. 10$d. o.c., less 6d. spot; 4 500, 10 per cent.,
16s. 9d. o.c., less 6d , June ; 4,500, ditto, ditto, May-June ;
5 300, 10 par cent., 16s. o.c., Iess61, June 1-20 ; 4 700, 10per
cent., 16s. 9d. o.c, less 6d., June-July ; 4,200, 10 per cent,
16s. 91. o.c., lees 6d., June ; Gulf Port, 1,150 stds., Buenos
Ayres, 55s., June 1 ; Colastine or Santa Fe, 4,000, 10 per
cent., H to H , 22s. 3d., quebracho, May-June ; 4 500, 10 per
cent., 22s. 3d., May-June ; 4,000, 10 per cent., 22s. 3d., with
Baltic options, quebracho, June ; Huelva, 4,100, Rotterdam,
7s. 6d., f.d , June ; 4 800 Savannah, 9s., Tinto charter, May-
June ; Algiers, 4,200, Rotterdam, 4s. 10$d., ppt ; San Juan,
2,700, R tterdam, 7s. 3d., ppt ; 1,850, 7«. 4$d , ppt. ;H»rnillo
Bay, 3 800, Cardiff, 5s. 6d., May ; 4,700, Rotterdam, 5s. 6d.,
ppt. ; Bilbao, 3 600, Rotterdam, 4s. 9i. one place, 4s. 10$d
two places loading, pot. ; 3 200, Middlesbrough, 5s , ppt.;
Buenos Ayres, 4,800, 10 per cent., United Kingdom-Conti-
nent, 14s. o.c., less 6d., with option*, ppt ; Ils., Rotterdam,
with 4,000 tons oats ; Iquique, sail, 29-*. 6d., United Kingdom-
Continent ; Cadiz, sail. 19s., Monte Video, salt, June-July;
Kurrachee, 17s. 10$d., Southampton and Bristol Channel;
6,000, U.K.-Cont., 17s. 7$d. one p.p., 18s. l$d.two p.p., June;
1 890 net, Dunkirk, 20*., with Northern options at 23s. three
ports, May; Cuba, 17s. 6d., Greenock or L’verpool; time
charter, Eastern trade, 8s. 9d., Newcastle, N S.W., to Java;
Archangel, about 800 stds., Rochefort, 72 fr., d b. and b.;
Umea and Pitea, 37fr., Dunkirk, d.b. and b.; Wiborg, 700
fathoms, Calais, pit props, 39 fr. per fathom ; Abo, 525 stds.,
Ghent, d.b. and b., 39 fr.; Trangsund, 900 stds., London,
d.b. and b., 28s.; Somas, 750 stds., London, d.b. and b.,
27s. 6d.; Uleaborg, 500 stds., Grimsby, d.b. and b., 30s.;
Archangel, 700 stds., London, d.b. and b., 45s.; 600 stds.,
d b. and b., 50s.; Soroka, 760 stds., Cardiff, d.b. and b.,
47s. 6d.; St. Petersburg, 1000 fathoms, Dunkirk, short
props, 35 fr. per fathom ; 800 fathoms, Terneuz-m, pulp
wood, 35 fr. per fathom; Libau, 380 fathoms, Terneuzm,
pulp wood, 35 fr. per fathom ; Kherson, Nicolaieff or Odessa,
3 500, 10 per cent. (400), 9s. 6d. n.c. or any, 10s. Hamburg,
May-June; 3,000. Rotterdam 9s. 3d., Weser 9s. 61, Ham-
burg 9*. 9d, with 3d. less barley, May-June; Nicolaieff,

5.500,	Rotterdam 8*., ore, ppt.; Bombay, 6,500, Manchester,
20s., ore, June; 3,005 net, Marseilles, Havre or Dunkirk,
18s. 6d., scale, May-June; 6,500, Mostyn Deeps,20s.6d.,ore,
July; 2.949 net, United Kingdom-Continent, 22s. 6d. one
port. 23s. two ports, on d.w., May-June; Calcutta, 2.413 net,
Bombay or Kurrachee, Rs.7, July; Gulf timber port, 8,111 net,
River Plate, 157s. 6d., July-Aug.; Bona, about 3,000, Belfast,
7s. l$d, May; Carthagena or Almeria, 3,500. Glasgow 7s,
May; Benisaf, 3,600, Tyne Dock, 7s., f.d., May; Barreiro,

1.500,	Rotterdam, 7s., ppt.; Nantes, 2,300, Swansea, 3s. 6d.,
ppt.; Garrucha, 2,700, Rotterdam, 6s., ppt.; New Cale-
donia, sail, 32s. 6d„ United Kingdom-Continent, nickel ore;
nitrate ports, sail, 32s.. Mediterranean ; Newcastle, N.S.W.,
sail, 52s. 9d., West Coast South America and home to
United Kingdom-Continent, always stiffened ; time charter,
Brazil and River Plate trade, about 4s. 6d., one round trip,
delivery Antwerp, redelivery United Kingdom-Continent;
Campbeltown, 49s. 9d., West Britain or East Ireland, June;
Ghenitchesk, 3 500, Liverpool, Ils., early June; Saigon,
24s. 6d. for 2,000 tons, June, 28s July, Port Said and or
Alexandria; Savannah, &c., 2,901 net, United Kingdom-
Continent, p.p., 40s. one port, 41s. 3d. two ports, Form O,
June-July; Gulf port and Mobile, 1,736 net, Continent,
ex France, 47s. 6d. one port, 50s. two ports, Form O, June;
New York, 1,432 net, Algeria, basis 22s. one port, June;
Porman, 3,000, Maryport, 7s. 6d., ppt.; time charter,
general trades, 7,560, <£1 600, 18 months or two years,
delivery and re-delivery United Kingdom-Continent; Poti,
9.250, Rotterdam, 10s. 9d., early June; South Australia,
2.743 net, United Kingdom-Continent. 31s. 3d., with options,
June 1-15 ; Saigon, 6,000, Marseilles, Dunkirk or Havre. 27s.
one port, 28s. two ports, June 1-20; Madras Coast, 6.000,
Marseilles, 30s. 3d., June; Durban, 2 576 net, Kurrachee,
7s. 6d., June; La Calera, 7s. 3d., West Hartlepool, May;
Vienna, 600, Cardiff, 7s. 9d., spot; Salta Cabello, 5s. Jarrow,
option 5s. 3d. Middlesbrough, ppt.; South Australia, sail,
about 30s., United Kingdom-Continent.

The Board of Trade have recently confirmed the following
Order made by the Light Railway Commissioners:—
Harrington and Lowca Light Railway Order, 1913*
authorising the acquisition, reconstruction, and working
for passenger traffic, as a light railway under the Light
Railways Act, 1896, of an existing mineral railway from the
Harrington Collieries, at Lowca, to Harrington, in the
county of Cumberland.

COAL. IRON AND ENGINEERING COMPANIES.

Bengal Coal Company Limited.—The profit for the half-
year ended April 30 was Rs. 9,71,000. A dividend at the
rate of 50 per cent, per annum is recommended, leaving a
balance of Rs. 1,53,000 to carry forward.

Blake Boiler, Wagon, and Engineering Company
Limited.—The report states that the profits for the year
were £8,689, and £1,164 was brought forward, making a
total of £9,853. The directors recommend that £2 322
be appropriated for depreciation, £500 written off patents
and goodwill, and declare a dividend on the ordinary shares
at 6 per cent., carrying to reserve £2,000, and carry forward
£1,131.

Bradford Coal Merchants’ and Consumers’ Association
Limited.—The net profits for the year ended Marcn 31
were £11,784, and £2,883 was brought forward. A final
dividend of 2 per cent, is recommended on the ordinary
shares, making 4 per cent., free of income tax, for the
12 months, adding £1,000 to the reserve, and carrying
forward £2 087.

Carden Engineering Company Limited.—This private
company has been registered, with a capital of £2 000 in
£1 shares, to carry on the business of engineers, &c., and
to adopt an agreement with J. V. Carden and. G. L.
Holzapfel. Table A mainly applies.

Carlton Main Colliery Company Limited.—The report
shows that there was for the year ending March 31, 1912, a
balance of undivided profit of £5,154 19s. lid., and that the
net profit made during the year ending March 31 last, after
writing off £74 786 3s. 6d. for depreciation, was £141,951
17s. 5d., making altogether £147,106 17s. 4d. On
September 20 an interim dividend for the half-year ending
on that date, after the rate of 10 per cent, per annum, less
tax, was paid to the preference shareholders, such dividend
amounting to £2,825, and on April 1 a final dividend at the
same rate for the half-year ending on March 31 was paid,
amounting to £2,825. O a November 30, 1912, an interim
dividend of 5 per cent., free of tax, waspaid in respect of
the fully paid-up ordinary share capital, and an interim
dividend of 5 per cent., free of tax, on the amount paid up
on the 5,400 ordinary shares issued in 1908, such dividend
amounting to £28,620. Deducting the dividends thus paid
there now remains to be dealt with the sum of £112,836
17s. 4d. The directors recommend that this sh< u d be
disposed of as under :—By paying a further dividend of
12j per cent., free of tax, on the 54,000 fully-paid up ordi-
nary shares of the company, making 17$ per c«nt. for the
year, £67,500 ; by paying a further dividend of 12$ percent.,
free of income-tax, on the 5 400 ordinary shares of the com-
pany, issued in 1908, and in respect of which £6 per share
has been paid up £4,050 Should the directors’ recommen-
dation be adopted by the meeting, there will remain the
sum of £41,286 17s. 4d. The directors propose, cut of this
sum. to place to the credit of a new works account the sum
of £36,000, to provide for new works which they contemplate
making during the current year, and to carry forward the
sum of £5,286 17s. 4d.

D. R. D. Company Limited—This private company has
been registered, with a capital of £15,000 in £1 shares, to
acquire from A. W. Daw and Z. W. Daw the bent fit of
certain existing inventions relating to improvements in
hammer and piston rock drills, pneumatic hammers and
apparatus for collecting the dust produced in drilling rock
with hammer drills and similar tools, and to adopt an
agreement with the said vendors, W. G. Kent, C. Calling,
E. Carr and Clifford, Turner and Hopton. First directors :
Z W. Daw (managing director), C. Carling and R. W.
Hammond. Registered office, 11, Queen Victoria-street, E C.

Ester and Co. Limited.—This private company has been
registered, with a capital of £1,030 (1000 ordinary shares
of £1 each and 600 deferred shares ot Is. each), to carry on
the business of consulting, electrical, mechanical and marine
engineers, &c. Registered office, Caxton House, Westminster.

Evans (Richard) and Co. Limited.—The accounts for the
year ended March show a profit, including income from
property and investments, of £73,147, while £6,384 was
brought forward. From this sum £17,801 has been written
off for depreciation of plant, and debenture interest absorbs
£11,300. An interim dividend of 3 per cent, has been paid,
and a final dividend of 5 per cent, is recommended, £5,402
being left to carry forward.

Hallamshire Steel Company Limited.—The directors, in
their fortieth annual report, state that the accounts for the
year show a net profit of £18,919 12s. 41., to which has to
.be added the balance brought forward from last year of
£3 887 9s. 8d. They recommend it should be appropriated
as follows :—In payment of dividend of 60s. per share,
£9,000; bonus of 20s. per share, £3,000; transfer to reserve,
£6,000; and to carry forward to next year, £4,807 2s.

Harradon (Geo. A.) and Co. Limited.— This private
company has been registered, with a capital of £20,000
in £1 shares, to take over the business of a boilermaker,
engineer, &c., carried on by G. A. Harradon at 1, 3 and 5,
Sefton-street, and 2, Parliament-street, Liverpool, as Geo. A.
Harradon and Co. First directors: G. A. Harradon (managing
director) and J. H. Harradon.

Jaffe and Gunn Limited.—This private company has
been registered, with a capital of £6,200 in £1 shares
(1,200 preferred), to carry on the business of manufacturers
and dealers in mechanical articles, tools, implements and
accessories, engineers, founders, smiths, &c. First directors,
E. B. Jaffe (chairman) and T. H. Gunn (both permanent).
Registered < ffice, 91, Fore-street, E.C.

Oddy Development Syndicate (British Isles) Limited.—
This private company has been registered, with a capital of
£100 in £1 shares, to carry on the business of ironfounders,
engineers, tool makers, iron and steel contractors, &o. First
directors, T. Oddy, 12, Hudson-street, Rochdale, and J. E.
Crabtree, 54, Bueraill-avenue, Rochdale. Registered office,
12, Hudson-street, Rochdale.

Pease and Partners Limited.—The directors recommend
a further cividend ot 8 per cent, on the ordinary and
deferred shares, making 12 per cent, on both classes for the
year ended April 30.

Roberts (Wm.) (Tipton) Limited.—The report for the
year ended March 31, 1913, states that the accounts show a
profit on the year’s trading of £16,939. To this amount
has to be added the balance of profit brought forward,
£2,993, making a total of £19,932. After deducting interest
on debentures, directors’ fees, and the interim dividends on