LONDON FINANCIAL JOTTINGS.

Otago Witness, Issue 2924, 30 March 1910, Page 18

LONDON FINANCIAL JOTTINGS.

(From Our Own Correspondent.) LONDON, January 14. BANK REPORT. Shareholders in the Union Bank of Australia are again to be caid a dividend bonus for the half year ended August 31 last, amounting in all to 14" per cen£. per annum. To premises ac.count is again placed £IO.OOO, 'and £20.000 to reserve, making this £1,290,000, while the carry-forward is slightly higher at £38,879. SOUDAN EXPLORATION.

Th 6 meeting of the Soudan Exol6*ai:on Company was held this week at Salisbury House. Mr J. W. Brigstock presided. He said that very little had happened: during the past year. The directors had had negotiations with regard to the company's Cornish property with various people, and at the present moment there were parties who were considering purchasing. A further £1575 had been received for their New Zealand plant. In the accounts it was stated that the whole, of their plant had been disposed of, but from a letter just received from their representative in New Zealand it appeared that there would be another £3O or £4O. Altogether they would receive from the sales of this plant considerably more than anticipated, and the excess would more than pay for the Norwegian property. This Norwegian property was very valuable, and had been favourably reported on by a high-class expert. DIVIDENDS. The directors of Messrs Robert Campbell and Sons announce a dividend on the ordinary shares at the rate of 10 per cent, per annum. An interim dividend on the ordinary shares at the rate of 6 per cent, per annum for the half year to December 31 last has been announced by the directors of Messrs Lovell and Christmas. AN IMPERIAL SUPPLEMENT. The trend of British capital to foreign countries instead of to British colonies, which has been a great deal encouraged by the attitude of the press here towards foreign investments, may receive a healthy check by the new departure which is contemplated by the Financial News. The News has decided to devote a considerable portion of its space every Thursday to a discussion of the trade, industry, and finance of the oversea dominons. This special department will be under the control of Mr Ben H. Morgan, F.S.S., as colonial editor, a gentleman whose special knowledge of the Outer Empire will be of great value.