LATER

Wanganui Chronicle, Volume XXXVIII, Issue 12120, 6 December 1894, Page 2

LATER

London, December 5. Mr. Valentint's Colonial Produce Dis^ tributing Company comprisas 59,000 5 per cBDt, preference shares, and 150,000 6 per cent, ordinary shares. Each nrj of the value of .£5. Ho liope3 to issue shortly j 20 000 proforentiol sh«63 and 60,000 ordinary thires. Messrs Nelson Bros, have been offored 50,000 fully paid-up ordinary shares on condition that they transfer to tho Company their entire English business, including stores, wbarveß and branch establishments. Eighty per cent of the profits, after payment of dividend, is to be divided amongst the consignors, the remainder amongst the ordinary shares, which will be largely offered in tho colonies. Mr B. M . Nelson, chairman aud managing director of Nelson Bros., and Mr Valentine will explain the scheme to the Agents-General for tho Australasian Colonies, and will request them to become a Board of Eeference in connection with the Company. The inquiry ordered by the Home Office into the charges brought against the St< John's Industrial School. Walthamstowe, by the resident chaplain, Lord Archibald Douglas, who alleged that the bhoching crualty had been inflicted on the children under pretest punishment, has resulted in their being disproved. Sydney, December 5. Honniball, convicted of a series of embezzlements, has been sentenced to five years' imprisonment. Melbourne, December 5. Sailed— Te Anau, for the Bluff.