COMMERCIAL.

Ashburton Guardian, Volume XIV, Issue 3049, 11 August 1893, Page 2

COMMERCIAL.

[per peess association.

London, August 9. It is reported that an English syndicate has offered to subscribe the Victorian four per cent lo*n at a minimum of 95. Samuel Isaacs, an *x-M P., has been declared bankrupt. His liabilitiea are £30,000. The annual meeting of Allsopp »nd Co. was again of a noi«y character, in conse* quonce of no dividend being available for the ordinary shareholders, though the profits chow an increase. The scheme of reconstruction of Golds* brough, Mort and Co. was virtually unopposed. The committee appointed by the creditors and shareholders are not in favour of the proposed transfer of the head office to London. „ „ „ . ****> ±««w*». Italian firms are issuing silver tokens owing to the scarcity of small •hange. London, August 10. The Australian and New Zealand Land Company have declared a dividend of 7 per cent. Half a million in gold has been despatched to New York, and another million goes on Friday. The London Bank of Australia is regis* tered with a capital of £4,000,000, Washington, iuguat 10. The silver Democrats in tne Lower House have agreed to oppose the repeal of the Sherman Act unless the present system is replaced by free coinage. They have resolved to appoint a Committee to draft a Free Coinage Bill. Home, August 10. The Italian Mint is coining 10,090,000 of 10 centime and 5 oentime bronze pieces in order to meet the demand for small change.