SPECIALS TO PRESS ASSOCIATION.
London, December 30. The name of Lord Augustus Loftus' successor has been submitted to the Cabinet for their approval. The Anglo-Australasian Land and Mortgage Compauy will shortly be floated. The capital is £1)00,000, and ib is only intended fco issue at first one-half of fche total number shares, a tenth of which will be reserved for allotment in Adelaide. The English Government have determined to abandon all claim to the Island of Raiatea. It is rumored that an exchange of portfo-
lios in the Cabinet is likely, Lord Derby, Secretary of State for the Colonies, exchanging with Lord Carlingford, Lord President of the Council and Lord Privy Seal. The Australasian Mortgage Agency Company have declared a bonus of 2 per cent, and a dividend of 8 per cent., carrying £15,000 to the reserve fund. It has been proposed to increase the capital to half a million. London, December 31. Lord Derby denies the truth of thc statement that he is about to change portfolios with Lord Carlingford The French troops in Tonquin have done some successful fighting recently. The members of the Stock Exchange protest strongly against the alienation of the New Zealand Sinking Fund.
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Nelson Evening Mail, Volume XX, Issue 2, 3 January 1885, Page 2
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199SPECIALS TO PRESS ASSOCIATION. Nelson Evening Mail, Volume XX, Issue 2, 3 January 1885, Page 2
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