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London, England, 1857-04-06 00:00:00

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[PRICK 41). STAMPED 51)

will receive more than we can give. Here is another
hope for the Australian farmer.

" MONEY AND SHARE-MARKET.

"The Eharz-rn ark e t has been very quiet since our last
summary, dated January 21 ; and although a fair
amount of liti-iiness has been transacted, prices have re-
mained almost without alteration. A slight improve
ment has taken place in the shares of the Australian
Joint-Stock Bank, which ate now worth 121. per share,
ex dividend. Sydney Fire Insurance Company's shares
hav't fa'len slightly.
"The helawing companies have held their half-yearly
meetings. We give a short account of their proceedings :
"The Commercial Bank hold their half-yearly meet-
ing on the 27th of January. The report showed that
profits for the past half-year amounted to 18,058/. 2s. Bd.
After paying at the rate of 15 per cent, per annum, 2371.
103. 21. was carried to the fund for the equalisation of
future dividends, which is increased to 2,3131. 7s. 11d.
The reserve fund is 40,0001. Mr. Thomas Skinner was
elected a director in the room of Mr. Parker, who re-
signed his :at at the board on taking office as Colonial
Secretary.
" The eighth half-yearly meeting of the Australian
Joint Stock Bank was held on the 27th of January.
From the report it appears that the profits for the past
half-year amounted to 15,7361. 4s. A dividend at the
rate of 10 per cent. per annum was declared, and 1,5231.
12s. sd. was carried to the reserve fund, which now
amounts to 14,7341.125. ad.. The sum of 1,2121. lls. 7d.
was carried to the fuu4 for the equalisation of future
dividends, which is now increased to 5,0731. lls. 7d.
Mr. Holt was elected' a director in the room of Mr.
Clark Irvine, who retired by rotation.

"The half-yearly meeting of the Australians Steam
Navigation Company was held on the 28th of January,
at the company's offices, and the report of the directors
and statement of the affairs of the company were laid
before the meeting. After considerable discussion and
a full explanation by the directors of the position of the
company, the report and accounts were unanimously
adopted. Fr, m these it appears that the net profit for
the half-year, after paying all repairs to the vessels and
other exoenses of the company, including interest on the
debentures, amounted to 13,228/. 44. 4d. ; but it was
agreed not to'pay a dividend at present, but to leave the
balance t tanding at the credit of profit and loss account,
wh:cb, after elearinz off r.,006/. 45., at the debit of that
account on the 30th of June last, amounted to 8,2231.45.,
to be retained by the board of directors as a reserve
fund. Much satisfaction was expressed at the efficient
condition of the company's fleet and the improved pro-
sp2ct of their affairs, giving every promise of a fair divi-
dend at next half-year's meeting.
" The half-yearly meeting of the Newcastle Coal and
Copper C impany also took place on the 27th of January,
when a dividend at the rate of 10 per cent. was declared
by the directors. The affairs of this company are in a
flourishing condition. The plant and works at the mines
have been greatly improved, and a considerable portion
of the expense of doing so has been paid out of the cur-
rent, profit?. _ _

"The half-yearly meeting of the proprietors of the
Australian General Assurance Company was held on the
28th of January, when a dividend of 10 per cent, for the
six months was declared.

" Government Debentures have remained firm at 100;
and accrued interest added to the principal. The ten-
ders for the 200,0001. will be opened to-morrow (this
day) at noon, and purchasers are therefore chary of in-
vesting until the price at which they may be taken shall
be known. These debentures may be considered equiva-
lent to interminable annuities, because the principal is
to be payable in Sydney at the option of the Govern-
ment only after 25 years. It is, therefore, impossible to
anticipate at what rate they may be taken. We, how-
ever, do not expect to see them bring more than from
98 to 99.