BIRTISH JOINT STOCK COMPANIES.

Star (Christchurch), Issue 6482, 27 February 1889, Page 4

BIRTISH JOINT STOCK COMPANIES.

••_ pnWk J OD&' OWN ' ' ; ' . . .v> London, Jan. 11. The yeturna of jojnt stook enterprises ?Bgfatttred..a£ Somerset House during 1888 are v«ry striking, ; and do not point to any great depression either of flhanciaV activity or (Qdnimeioial industry. The nominal capital of the principal new : companies brought put during 1889 anlonnted to J28*,769,600, or an increase of Je20,185,184 npon-fie' returns for the preceding year. The amount paid oil application, ana allotment was £20,879,857, being an increase of £4,876,6*7. . The number of limited liability ' companies registered in this eowtry: now amounts to 8860/ with a reg«te»d capital of 5 000. Ten yew»ago. th« figures stood, 886 companies an|i capital of £67,856,975. Tfett vj«te of t&e Australasian Colonies VPOA money market have been zati&at fewer tiaa year than in 1887, the falpraoff in pounds sterling amounting to on* wfllion. Ll 1888, the loans for GovernTBaegfo, municipal and harbour purposes were £10.810,000, and for mining and tending Companies J26,404,100. In 1887 th«y . were £7,823400 and £10,175,000 xeag^filyj so that, while the one has , risen afwrt4, theotb.es has fallen a third. { Th© djo^aasa jn the amount of applications j lto», private Australasian enterprises is • «tteibatedto theactivity of the Melbourne ' majfcet, aoA'the Jarga? noniber of looal> : entejpnse^thM bave been floated there j instead of upon 'the London ■ Stock Exflfeange. . :■..-. .^'. r \ „ . •■ ■.■.-: