The Central Glamorgan Gazette, and General, Commercial, and Agricultural Advertiser. — 1879-08-29 (Bridgend, Mid Glamorgan, Wales)

GREAT FRAUDS UPON A COMPANY.  The report of the Patent Shaft and Axletree Corapsny, Wednesbury, just delivered to shareholders, discloses extensive losses consequent upon frauds by the late cashier, Mr. William Coath. It is stated that he recently absconded, previously obtaining a passport which would carry him beyond the reach of the low. An examination of his books shows that in addition to robbing the company of large amounts, he systematically falsified the accounts, thereby inducing the directors to pay dividends not earned. In consequence, a large deficiency is now shown. The year's trading has resulted in an apparent loss of £27,000, much being due to exceptional charges which will not recur. There is every prospect of the businets being safely and profitably carried on, even under the present depressing circumstances, whilst any revival of trade must result at once in a substantial improvement. The accountantsstate that last year's accounts were largely fictitious, the reserve fund of £69,000 and balance of profit (28,000) having no existence, whilst there was a deficiency of nearly £17,000. The accounts have for years been purposely falsified. Workmen's wages were systematically abstracted, and the det.lcat,ens concealed by an ingenious manipulation of figures in the books. Some books are missing, therefore it would be difficult now to trace the actual total of these defalcations, but they had been going on for years. The deficiency account amounts to £78,000, including defalcations by the late cashier last year amounting to over £9,000, and £12,000 is allotted to bad debts. The registered capital is 050,000 of which £665,000 is called up. For severalyears the concern paid a dividend of 15 percent.  The Country learns that a refuge for homeless dogs has been established in Dublin. It is under police supervision. Madame Thiers has returned from Lorraine, and has taken up her residence at her hotel in the Rue St. lieorge. The Queen has been graciously pleased to appoint the Duke of Richmond and Gordon, K.C., to be LordLieutenant 0g the county of Banff, in the room of the late Earl of Fife.  Lore, like the plague, is often communicated by clothing and money. Do we judge of a tree by its rough or smooth bark, or by its fruit Suspicion is a counterfeit of truth, as wcll as falsehood.  The Sultan of Zanzibar telegraphs that he has postponed his visit to France until next year. - -  - • It is stated in Berlin that one result of the stay of Prince Bismarck at I( issingen has been a considerable reduction of his weight and bolk.  Madame Selina Dolaro will join Mr. Carl Rose English opera company, at Her Majesty's Theatre, in January, after which she will take a provincial tour with the same manager; and in the autumn filmdom Dolaro will fulfil an engagement in America. A Mexican correspondent says the imports into Mexico of English woollen and cotton tissues has cnnsiderably decreased, and attributes the diminution to the wholesale smuggling of American goods across tho frontier.  The Whitby steamer Peace, 1,900 tons, just arrived from Alexandra, with cotton seed and wheat, struck on a bank in the Humber, the other night, and sank. Her crow of twenty-five men were saved. 'lt is stated that the herring fishery off the northeast coast is still fir below the average as regards number of fish causht, amid prices are still rising. The Tweed salmon fishing is also still less remunerative than usual.  Mr. T. M. Nishigawa, F.C.S., has been appointed anslytical chemist to the Imperial Japanese Finance Department, paper currency diVision, and leaves England, accompanied by his wife and children, on the 12th instant.  Sunday WAR the 307th anniversary of the Massacre of St. B .rtholoinew, in which about 70,000 Huguenots were murdered ; and the 217th anniversary of the ejection of the 2,000 ministers of the Church of England by the 4ct of Uttiformity.  It is announced by the secretary of the Edison Telephone Company that the company is erecting a telephone exchange iu the City of Lon(km, which will shortly be exceeded by others in dilleront pdrte of L,tylen and in thettigt imp a the 14soilk