STOCK AND SHAREMARKET.

Taranaki Herald, Volume XLIII, Issue 9920, 3 February 1894, Page 4

STOCK AND SHAREMARKET.

Mr C. T. Mills' weekly sharemarket report:

- — 'iii i Bank of New Zealand, after suffering a decline, have firmed up on receipt of cable that U3ual dividend was recommended, nationals ami Colonials remain. Reconstruction scheme of the Loan and Mercantile i, now in the hands of sharetiolders, and is practically the same as already published in the paper*. The question »ecms serious as a call of £n 10s per share mcan.s a substantial amount of capital for shareholders to command on a short notice. The calls are payable in 14 days after allotment, or are received by instalments spread over i years, in the latter case 5 percent: interest is enarged. The scheme makes provision to deal with the interests of proprietors, debenture holders, and other creditors. The actual present position of the Company is not ■ d ?"' 1 / defincd-after the long delay it might have been expected to receive a condensed report showing the full asset* and liabilities and the result of paying up a call on the old shares; or what amount is require! if it were decided to go into liquidation. Becent balance-sheets have rttownareMivefundof £300,000 odd, and tin, amount added to the present jmid-up ca jtal, and, if required, a further moderate liability It is evident that if a call of £7, iOs perrfiarc in the new Company (with all extra expense) will „,«* demands that it should not require a full call ofj£22 10son hcoldbhare^yct the apparent alternative is that the S l ia reboldersrnu,t cither consent fnifher liability „f (wjual to) £17 pr-r preset shaw. or Mibn.il v, \\ w ill of Y*i jus. *»

ni«J. O^ llly bll : llc 1" j!<lf -' swill meet awl .Iwi.le upon some muted w, m^ >ewHyrmmrh,2n<l February, IMM.

Company. i'mt S i!I Banks — C. New Zealand ... 5] „ (new issue) 7^ National ..JlO Colonial ...i 5 Insurances — New Zealantl ... 10 South British ...20 National ...ilO Standard ...10 Accident ... l , £. H 7\ -2 9 £. 5 5 7 312 fi 7 417 ij fi 1 4 0 12! 1 13 0 Sj o 1 i 1 15 10 10 7J m 3 0 0 9} 1 15 (J r, 017 0 (i 3f3 f 010 0 7 0 9 G li Miscella- i NEOUS — ! N.Z. L. k Mercantile ...'25 Nat.Mortgage,&C| 5 N.Z.lAlMortg'gelO N.Z. Shipping ... 8 Kaiapoi Woollen 5 N.P. Gas ... 5 bash & Door Fac- " toryfc Timber Co 5 Egmont Sash & Door Co ... 5 Mokau Coal Co 1 N.P. Co-opera-tive Society ... 1 Kauri Timber Co 2 oil 1 J 2 8 5 4 5 9 8 0 5 0 20 08 0 — 2 10 05 0 0, 9 5 0 0 G] 5 10 6 0 0, 81,8 1 , I 09 0 — 31 1 2 1 I 8 10 0 8 Sharland & C 0... 1 8 012 fi 8