Papurau Newydd Cymru

Chwiliwch 15 miliwn o erthyglau papurau newydd Cymru

Cuddio Rhestr Erthyglau

26 erthygl ar y dudalen hon

tJ • — L COMMERCIAL AFFAIRS.

Newyddion
Dyfynnu
Rhannu

tJ — L COMMERCIAL AFFAIRS. City Editor publishes a letter addressed by 'titer(i"tlaird to Lord Redesdale on railway affairs. The Ste £ approve" P'ac'n £ railways under Government -and more of confiscating the property ruPt lines. The difficulty of railway companies at **Hie8 18 Y1.6 renewal of loans. This is felt by all com- > and it falls with special severity on those whose &t a discount. Lord Kinnaird suggests that ^lnpftv nt should guarantee the debenture stock of any Cotnpanies that submitted their accounts to a Po^ "lent auditor. This would put the stock on a safe *tit, jla,}d creditors might well agree to take three per o.° ^or a limited period, while landowners, who great advantage from railways, might be paid by lIIe "'a the same terms. Tho more pressing demands on "tot. -p16 companies are for the renewal and increase of [Jti^t many cases, also, a more highly-paid and more °+ 8 servants *s wan^ed. By cutting down f meet these requirements, the safety of the 8 rS ^dangered. This is not the only ground on Kinnaird justifies his proposal. The original Setof f g0t UP *n ca,lculation of a progressive in- i 'ao0r Parliament has disturbed the calculation new lines. Lord Kinnaird says he sat in k Hich year> generally voting in the minority, 11 lines were sanctioned to the extent of half itigt ^ost of these ran parallel to one line, and in to two. They were what are called con- be, iiies, schemes got up without a sixpence of sub- j8i»]at-caPital. It is, says his lordship, this system of 8ent °n Which has brought many railways into their P°sition. Lord Kinnaird thinks his scheme might JUw a great boon to small capitalists, as well as to fiaf.ilCo?1Panies, by providing a safe investment, a sort savings bank Y8 th llerpool correspondent of the Manchester Courier be 8 ^nation of trade and the want of confidence »v,*itve,n 011 Liverpool Exchange with greater ln the past week than during last year's panic. rms have been compelled to make private 5?ei*l Tn!8' This dullness of trade appears to be S^Ht' tk French customs returns, just published, 3 same features as the English. For the first 5>aa 5 °* 1^67 there is a falling off in exports of 000,000 francs ( £ 8,000,000) as compared with >%0(vLComPared with 1865 there is an increase of t I'he ^°° francs. -itor of the Times publishes some figures l?*ing Co Qce to English railways, compiled by apains- lie correspondent. They contain a comparison of the Of tincl OUr railways now with what it was in 1852. The <K°Ver< fifteen companies, but not the Chatham and bv figures shew that if a person had invested e, hiY purchasing one share in each company at that K?t. w. average dividends would have been over 5| per annum, and his capital at the present low have been increased. If invest- ere spread ovfer several lines, bad as ID of00^' ,on the principle of life assurance, the SVt rp?ne line pays for the temporary depreciation of fr' •'■he average dividends of the lines tabulated have 4 to 6 per cent. day 011 the Stock Exchange, for a long jw%g7!'hewn that unscrupulous operators have been k railway shares this year as they did with shares last spring. By this means they have *hv?'% v, trust in a property yielding a revenue of t ^Yeek> or about £ 40,000,000 per annum, As b^lly^0 railway property generally, this distrust is Warranted. Investigator," in the Daily News, A. t °Unt Pa'd this week in dividends alone would jvjjttlg to cover all present demands of the companies. %re to°I?bination amon8 the different boards would %t K rm a company which might furnish the a °ards with the money they need at a moderate v.ith ample security. L^elvj ile the absence of railway orders is felt very a ri^-the iron trade. Manufacturers are asking how V_!e Wi)V°^ must elapse before the wear and tear of ^attUct?orriPel an amount of repairs almost equal to a nfwS' P°si observes that our money market is exhibiting phenomena such as were never L^ey j before either in this or in any other country. re s,1.P°rabundant, yet the banking and discount c.?lain in a state of coma. Among traders below W to0e>ass money is more difficult to obtain than during m tLf83 ail(l development of the panic. At the LV the revenue returns indicate prosperity. S^ctin returns represent the results of Qltjfy .ns undertaken before the collapse, or the on a commerce which is beyond the V y tl ° the money market. Our contemporary is JjA^fthe latter is the case. Either as carriers or a°turers we must be doing a very large and pro- V, ^enc ?eS8* What the country now needs is that e ^hould be restored and the conditions of credit 'rectors of great undertakings, with capital S sib] buy a Principality, must be made not only (<1*ble P"hlic opinion, but, as they are in France, t0 the law.

AGRICULTURAL SOCIETY.

[No title]

THE SULTAN IN ENGLAND.

THE VISIT OF THE BELGIANS.

THE ABYSSINIAN PRISONERS.

[No title]

REPORTS OF THE SALMON FISHERY…

MR. BRIGHT AND THE REPRESENTATION…

THE GREAT DEBATE IN THE FRENCH…

PERILS OF A WAR CORRESPONDENT.

THE EMPEROR MAXIMILIAN.

THE TRIAL OF BEREZOWSKI.

[No title]

i THE PUBLIC HEALTH.

I ELASTICITY OF THE REVENUE.

THE EDUCATION REPORTS.

THE OATHS COMMISSION.

[No title]

TRE "TELEGRAPH" AND THE REFORM…

A DEFENCE OF THE MINISTRY.

THE BIRMINGHAM ELECTION.

[No title]

L TEE BREADALBANE PEERAGE.

LAW AND POLICE.

[No title]